National News

Trial Lawyers Cite ‘Worst Corporate Conduct’ of 2018

Not surprisingly, the American Association for Justice—representing the country’s trial lawyers– takes a very different view of the civil justice system than does the U.S. Chamber’s Institute for Legal Reform’s (ILR). The busIness-oriented ILR issues an annual list of the …

Insurance Journal Top National Stories of 2018

Insurance Journal readers showed the most interest in stories relating to industry consolidation in 2018, with nine of the most read 25 national news articles of the year having to do with mergers or acquisitions. But the national story drawing …

Major Newspapers Hit by Cyber Attack

A cyberattack caused major printing and delivery disruptions on Saturday at the Los Angeles Times and other major U.S. newspapers, including ones owned by Tribune Publishing Co such as the Chicago Tribune and Baltimore Sun. The cyberattack appeared to originate …

In Reversal, Flood Insurance Program Resumes Normal Operations During Shutdown

Last Friday evening, the Federal Emergency Management Agency (FEMA) announced that the National Flood Insurance Program (NFIP) will resume the normal sale of new insurance policies and the renewal of expiring policies. This order rescinded an earlier decision that halted …

‘Barista Wrist’ Among Restaurant Industry’s Highest Lost Time Injuries

Restaurant workers miss about a month from work from a variety of injuries, on average, but for coffee shop workers, wrist injuries are the biggest danger. In fact, Barista Wrist, can keep café workers sidelined for more than a year. …

Wells Fargo to Pay States $575 Million in Sales Abuse Claims

Wells Fargo & Co. will pay $575 million to settle claims made by U.S. states that the bank created phony accounts and committed other customer abuses, according to a statement by the Iowa attorney general’s office. Two years ago, Wells …

Commercial Auto: An Old Dog Up to New Tricks

For the seventh consecutive year, commercial auto is losing money. Despite rate increases in 23 of the last 25 quarters, the combined ratio topped 111 percent in 2017. The line has been a weak spot for many insurers, forcing them …

Reimagining Health Care After CVS Takeover of Aetna: Viewpoint

CVS Health Corp. CEO Larry Merlo is a 28-year veteran of the company who helped lead its transformation from a regional drugstore chain into a pharmacy giant. Now, after guiding CVS through its $69 billion acquisition of insurer Aetna Inc., …

Data Show Car Accidents Up in States That First Legalized Marijuana

Crashes are up by as much as six percent in Colorado, Nevada, Oregon and Washington, compared with neighboring states that have not yet legalized marijuana for recreational use, according to research from the Insurance Institute for Highway Safety (IIHS) and …

Congressional Report Finds Olympic Leaders Valued Reputation Over Athletes’ Safety

A congressional review of the U.S. Olympic system’s handling of sex-abuse cases criticizes a culture that sought to protect reputation and image over athlete safety. A House subcommittee released the report last Thursday, outlining conclusions about the handling of sex-abuse …

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