National News

Sex Abuse Claims Drive Boy Scouts of America to Bankruptcy

The Boy Scouts of America sought bankruptcy protection to cope with a rising tide of claims tied to sexual abuse of children in its ranks. The group filed in Delaware early Tuesday under Chapter 11 of the U.S. bankruptcy code, …

Litigation Funding Bills Crop Up in State Houses Across the Country

Lawmakers in three states and in Congress have introduced bills to impose more controls on litigation funding companies, which insurers contend are one of the factors leading to an increase in “nuclear verdicts” that have pushed up claims costs and …

The Case of the Fancy Diamond: Viewpoint

A brief history of Fancy diamonds Diamonds are considered the most desirable gemstone available in the jewelry market today – they come in all shapes and sizes, and are traditionally given for engagements, anniversaries, and special occasions. When you think …

Costs of Obesity in Workplace Highest for Government Workers

Although obese employees incur higher direct and indirect costs, the extent of obesity-related costs tends to be lower in some industrial sectors than others— including healthcare, reports a study in the February Journal of Occupational and Environmental Medicine. This study …

64 US Vehicles Get Insurance Group’s Top Safety Rating

DETROIT — Sixty-four cars and SUVs sold in the U.S. earned Top Safety Pick awards from the Insurance Institute for Highway Safety. The 2020 model year vehicles perform well in crash tests and have headlights available that are rated “good” …

Cancer Risk Forces Recall of Weight-Loss Drug Belviq

Weight-loss drug Belviq will be withdrawn from the U.S. market at the request of the Food and Drug Administration, after research tied it to increased rates of cancer. Belviq came on the market in the U.S. in 2012 and is …

Business News: CWCI, Cowbell Cyber and Chubb

Fee Schedule Change Shifted Spending to Primary Care California’s conversion of its fee schedule to the system used by Medicare increased the share of dollars spent on primary care while reducing the share spent on specialists, meeting a key goal …

New RIMS Leader: Understanding Risks Around Technology is Imperative

The culture at technology startups like Uber, Airbnb and PayPal is all about risk-taking. They start by offering a unique, untested or reimagined product or service or by disrupting an industry’s established production, distribution or sales methods. To succeed long-term, …

Metromile, an Early Usage-Based Auto Insurer, Offering its Technology as a Claims Tool

Now that most major carriers are selling usage-based car insurance, one of the pioneers in that sector is selling its technology to other carriers as a claims management tool. San Francisco-based Metromile announced this week that Tokio Marine Holdings had …

Can a ‘Numbers Guy’ with Insurance DNA Finally Fix AIG?

NEW YORK — Peter Zaffino sat at 2 World Trade Center poring over financial reports on the morning of Sept. 11, 2001, when the first plane struck a neighboring building. Zaffino, known by colleagues for his laser-like focus, remained at …

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