National News

Gov’t Report Accuses NHTSA of Inadequate Recall Monitoring

An investigation has found that the U.S. government’s highway safety agency failed to act quickly on a consumer complaint, and that could have delayed recalls of dangerous Takata airbag inflators. A report by the Transportation Department’s Inspector General also found …

Biggest Cat Losses of the Past Decade Hit U.S. Insurers

Wildfires, hurricanes, tornadoes, hail storms, Nor’easters and mudslides. A string of disasters has pummeled the biggest U.S. insurers over the past year, and the second quarter was no exception. Allstate Corp. estimated its pretax catastrophe losses at $906 million for …

Judge Denies NFL’s Request for an Investigator to Review Fraudulent Concussion Claims

A federal judge denied a request from the NFL on Wednesday to appoint a special investigator to look into what the league says is extensive fraudulent claims on the $1 billion concussion settlement. Judge Anita Brody wrote in her federal …

Insurers’ Drone Use Picks up After 2017 Hurricane Season

Insurers’ use of drones to inspect property claims came into full swing in 2017, after the FAA began issuing permission allowing commercial firms to operate unmanned aerial vehicles in designated U.S. airspace. Nearly a year later, while some insurers remain …

Business News: Philadelphia Insurance Companies, QBE, OneWorld Instech

Philadelphia Insurance Companies Offers Option for Pool Contractors Market Philadelphia Insurance Companies’ (PHLY) new Pool and Spa Contractors Program is designed to handle the unique insurance risks of pool and spa contractors so they can focus on paving the way …

Healthcare Provider Cyber Attacks Are Up in Recent Months

Healthcare providers and government agencies across the U.S. have seen an increase in cybersecurity breaches in recent months, exposing sensitive data from hundreds of thousands of people as the sector scrambles to find adequate defense mechanisms. “These threats are real,” …

Emergency Injuries Soar as Scooters Take Over Sidewalks

Motorized scooters are making quite the splash in pedestrian-heavy cities from Santa Monica, California, to Washington, D.C. They’re ubiquitous, inexpensive to rent, easy to unload and fun. They’re also dangerous. These small electric vehicles marketed by various companies are leaving …

Fitch: Adjusted Asbestos Survival Ratio Remains Below 8 Years

Following a review of recent years’ asbestos related claims and litigation activity and insurers’ paid and incurred loss experience, Fitch has raised projection for ultimate all-time U.S. industry incurred losses to $100 billion compared with a previous estimate of $90 …

Survey: Workers’ Comp Drug Spend Declined by $1B in Past 8 Years

Pharmacy costs in workers’ compensation have decreased by $1.1 billion during the past eight years, according to CompPharma’s 15th Annual Survey of Prescription Drug Management in Workers’ Compensation. “Pharmacy is no longer the fastest-growing segment of work comp medical expenses,” …

Cleaning up Meth Houses

A hazmat suit and respirator is what Jared Herbert typically wears to work. If passersby ask what he is working on, he tells them he’s just cleaning a house. Or taking care of a residential chemical contamination. He never gives …

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