National News

Study Finds Extreme Tornado Outbreaks Spawning Greater Number of Twisters

The most extreme tornado outbreaks are mysteriously spawning many more twisters than they did decades ago, a new study claimed. The once-every-five-years-or-so outbreak that might have involved 12 tornadoes 50 years ago now has on average about 20, said Columbia …

Liberty Mutual Set to Buy Fosun’s Ironshore for $3B

Liberty Mutual Holding Co., the fourth-largest property/casualty insurer in the U.S., agreed to buy Ironshore Inc. from Fosun International Ltd. for about $3 billion to expand in the specialty commercial market. Ironshore will retain its management and brand after the …

J&J to Pay Record $1B for Faulty Hip Implants

Johnson & Johnson was ordered by a Texas jury to pay more than $1 billion to patients who claimed the company hid flaws in its Pinnacle artificial hips that had to be surgically removed, in J&J’s second loss linked to …

Word of Mouth, Desire for More Money Leads Injured Auto Crash Claimants to Hire Attorneys

In a recent online poll about experiences with auto injury insurance claims, almost half of respondents with auto injury claims hired attorneys to help settle those claims, according to a survey commissioned by the Insurance Research Council. The most common …

Super Regional P/C Insurer Conference 2017 Announced for C-Suite Carrier Professionals

Insurance Journal and Demotech, Inc. announced that the inaugural Super Regional P/C Insurer Conference will be held July 16-18 2017 at the Grand Geneva Resort & Spa in Lake, Geneva, Wis. The theme of the event is “Finding Your True …

How Marijuana Affects Worker Rights, Workplace Safety

Changing marijuana laws aren’t necessarily making weed more welcome in the workplace. For now, many employers appear to be sticking with their drug testing and personal conduct policies, even in states where recreational marijuana use is now permitted. Others are …

Why Analyzing Unstructured Data Benefits Every Claims Manager

If you’re just catching on to the fact that big data is shaking up the insurance industry in a big way, you’re a bit behind the curve. Across all industries, almost 90 percent of large companies say big data is …

People News: BSA, Willis Re, Norman-Spencer Agency

Brentwood Services Administrators Inc. Hires Greene as Senior Claim Representative in Georgia Office Brentwood Services Administrators Inc. recently hired Stephanie Greene as a senior claim representative in the DeKalb County office in Stone Mountain, Ga., according to Jeff Pettus, president …

Top 10 Smart Home Technologies for Older Homeowners

Smart smoke and carbon monoxide detectors, wireless doorbell cameras, and keyless entry are among the top 10 smart home technologies for homeowners age 50 and older, according to new research from The Hartford and the MIT AgeLab. “Smart home technology …

Chao’s Record Suggests Skepticism on New Safety Regulation

Elaine Chao’s record at the Labor Department suggests she’d have a light hand when it comes to safety regulation as transportation secretary and would seek to shift responsibility from the federal government to states where possible. Chao is President-elect Donald …

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