National News

Survey Suggests Ransomware Broadening Perceptions of Cyber Risks

Corporate risk managers are increasingly focusing on protecting their enterprises from business interruption after a series of ransomware attacks on government agencies highlighted the peril of losing access to their computer networks, according to a survey released by Zurich Insurance …

U.S. Committee Seeks to Interview Boeing Engineer on Safety of 737 Max

A U.S. panel has asked Boeing Co to make an engineer available for an interview after reports that the worker filed an internal ethics complaint on 737 MAX’s safety and that the planemaker convinced the regulator to relax safety standards. …

Nike Track Dominance in Spotlight With Top Coach’s Doping Ban

The latest bombshell doping violation from track and field has also ensnared the sport’s biggest corporate backer: Nike Inc. Legendary track coach Alberto Salazar, head of the famed Nike Oregon Project, was given a four-year ban from the sport this …

Hurricane Recovery in U.S. Virgin Islands Lags Puerto Rico’s

Puerto Rico’s economy has shown considerable signs of improvement after the hit form hurricanes Irma and Maria two years ago, while the U.S. Virgin Islands economy remains “mired in a deep slump.” That’s the finding in new report by the …

Personnel Announcements: Maltman International, Transcom Solutions, Orchid Medical

Maltman International Appoints New Executive General Adjuster Maltman International, a claims management provider based in Toronto, has appointed Brian McCulloch as executive general adjuster. McCulloch has been active in the Canadian market for 40 years, with experience on the carrier …

Troubles With Tesla’s Automated Parking Feature Summon Safety Regulators

WASHINGTON/BENGALURU — U.S. regulators are looking into parking lot crashes involving Tesla Inc cars driving themselves to their owners using the company’s Smart Summon feature, the National Highway Traffic Safety Administration (NHTSA) said on Wednesday. Several users have posted videos …

Safety Board Urges Limo Safety Standards After Deadly Crash

WASHINGTON — The National Transportation Safety Board (NTSB) on Wednesday said federal regulators should require lap and shoulder seat belts throughout limousines after probing a series of deadly crashes including one in a October 2018 that killed 20 people. The …

J&J Avoids Risky Opioid Trial With ‘Chump Change’ Ohio Deal

Johnson & Johnson agreed to pay more than $20 million to avoid the first federal trial in which it faced accusations of helping fuel the opioid epidemic by mishandling its painkillers. Under the deal, announced late Tuesday, J&J will pay …

Walmart Suspends Sales of Zantac as Tainted-Pill Worries Grow

Walmart Inc. plans to suspend the sale of all over-the-counter versions of Zantac, becoming the latest retailer to take such a step as concern over the presence of cancer-causing contaminants in the stomach drug increases. The world’s largest retailer said …

Insurance Innovation Will be Shaped by Regulators

It’s no secret: Innovators and regulators often clash. But both are needed to help enable a dynamic, consumer-friendly property/casualty industry in the future, insurance and InsurTech industry experts said recently. “There will be more innovation and empowerment of the consumer, …

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