National News

Employees’ Share of Health Costs Continues Rising Faster Than Wages

Annual family premiums for employer-sponsored health insurance rose five percent to an average $19,616 this year, extending a seven-year run of moderate increases.The average single deductible now stands at $1,573 for those workers who have one, similar to last year’s …

Get Ready for the Insurtech Revolution, Act 2

The digital revolution in insurance is about to begin its second act. Having in its first phase used science and technology to inspire a rethinking of insurance that is making insurance easier and more efficient to buy and sell, and …

Google Keeps Age Discrimination Claims Settlement Amount Secret

Google agreed to pay an undisclosed amount to settle the claims of job applicants who said the company discriminated against them on the basis of age. Daniel Low, a lawyer for the applicants age 40 and older, said the parties …

Liability Test Case Against Opioid Makers Allowed to Move Forward

A lawsuit seeking to hold drugmakers and distributors responsible for a nationwide opioid epidemic should be allowed to move forward, a federal magistrate said in a preliminary ruling that may increase the likelihood of a settlement. Companies including Johnson & …

Chubb Names Parsons Sales Leader for North America Personal Risk Services

Chubb has appointed Mary Parsons, executive vice president, Sales and Distribution leader, for its North America Personal Risk Services (PRS) division. In this role, Parsons will be responsible for achieving profitable growth targets across all regions in the United States, …

Lending Tree to Buy Online Insurance Service QuoteWizard for $370M

Online financial services marketplace LendingTree Inc. said it has agreed to acquire QuoteWizard.com, one of the largest online insurance comparison marketplaces. Since its founding in 2006, QuoteWizard has helped nearly 40 million consumers shop for auto, home and health insurance …

Bond Insurers Want Independent Receiver for Puerto Rico’s Bankrupt Electric Utility

Bond insurance companies that were not part of a preliminary deal to restructure debt issued by the Puerto Rico Electric Power Authority (PREPA) have relaunched litigation seeking a receiver for the bankrupt agency. The move could signal that Puerto Rico …

New Cyber Insurance Package Protects Hedge Funds’ Trade Secrets and Fees

Hedge funds can spend years crafting a trading algorithm or a strategy to keep ahead of competitors. A Stone Point Capital-backed insurance broker is offering to help protect those trade secrets, and their fees, from a cyber attack. Alliant Insurance …

Trump Administration Moves to Speed Up Fully Autonomous Vehicles

The Trump administration is moving ahead with plans to revise safety rules that bar fully self-driving cars from the roads without equipment such as steering wheels, pedals and mirrors, according to a document made public on Thursday. The National Highway …

Senate Approves Bill on Commercial Drones, Airline Passengers, Disaster Relief

Airline passengers can no longer be removed from flights under legislation that passed the Senate on Wednesday, while the government will write new rules to allow commercial drones to deliver packages and get new authority to shoot down dangerous ones. …

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