National News

NICB: Top 10 Most Stolen Vehicles in 2017

Anti-theft technology continues to show its effectiveness at thwarting would-be car thieves. The National Insurance Crime Bureau (NICB) released its annual Hot Wheels report, identifying the 10 most stolen vehicles in the United States. The report examines vehicle theft data …

Aging Pipelines Can Lead to Deadly Explosions

The natural gas pipeline in the United States is vast, sprawling across 2.5 million miles in a complex pressurized system that delivers a quarter of the energy consumed nationwide, according to the American Gas Association. Many of the pipes are …

Hardware Stores Critical Before and After Hurricanes

Before and after a hurricane, Ace is the place. And Home Depot and Lowe’s. And many other hardware and building supply outlets. Not surprisingly, these companies plan for storms such as Hurricane Florence all year. Much like the Federal Emergency …

Storm Surges Are Most Costly, Dangerous Result of Hurricanes

Behold the awesome power of water. Already the ocean is swallowing beaches, roads and anything else in the way of Hurricane Florence‘s monstrous storm surge. Storm surges aren’t walls of water, like a tsunami, as commonly thought. Caused by a …

NHL Enters Mediation in Concussion Lawsuit

NHL Commissioner Gary Bettman downplayed the significance of entering mediation with former players in a bid to settle a concussion lawsuit, saying Tuesday the league is simply following a judge’s order. “The judge asked us to go into mediation and …

NCCI Examines $10M and up Mega Claims in Workers’ Comp

Mega workers’ comp claims – losses exceeding $10M – jumped in 2016, according to a new report by the National Council on Compensation Insurance (NCCI). According to Tony DiDonato, author of the research brief, it’s unclear if this is a …

Changes in Florence’s Path, Strength Muddy Cat Bond Traders Understanding of Risk

Catastrophe-bond investors are trying to assess the potential fallout from Hurricane Florence and whether they’re in store for painful losses. If the storm’s path of destruction – which is aimed at North and South Carolina – causes enough damage in …

NTSB Seeks Anti-Lock Brakes on New Motorcycles in U.S.

A federal safety agency is recommending that all new motorcycles built for road use in the U.S. have anti-lock brakes and electronic stability control as standard equipment. The National Transportation Safety Board voted 5-0 on Tuesday to make the recommendations …

Business News: LexisNexis, Gramercy Risk Holdings, Nationwide

LexisNexis Launches Global Alliance Program Focusing on Data Analytics LexisNexis Risk Solutions announced the launch of its LexisNexis Global Insurance Alliance program. Insurers can integrate with more than 125 alliance program members to access LexisNexis policy and claims solutions that …

How Much Hurricane Damage Will it Take for Congress to Pass Flood Insurance Reform

U.S. taxpayers who spent billions of dollars after a trifecta of hurricanes last year are poised to do so again after a fix to the nation’s troubled flood insurance program remains stalled in Congress – and as a dangerous new …

National News Archives by Month