National News

Insurers Help Design Luxury Homes to Mitigate Disaster Losses

Bruce Gendelman wanted a mountainside retreat when he bought 12 acres in Aspen, Colorado. But forest fires that have torched nearby land in recent years left him concerned. So Gendelman, who runs an insurance brokerage, tapped into a program that …

Jury Indicts Capital One Hacker Suspect on Wire Fraud, Data Theft Charges

A federal grand jury has indicted the suspected hacker who obtained personal information of over 100 million people in the Capital One Financial Corp. data breach on charges of wire fraud and computer data theft, the U.S. Department of Justice …

Industry Appointments: Honk, QBE, Insurity, Berkley One

Honk Appoints Executive VP Honk Technologies, a platform that connects drivers with towing professionals and insurers, announced the appointment of Rochelle Thielen to the nearly created role of executive vice president for partnerships. Thielen is an automotive industry expert with …

DuPont to Stop Buying Firefighting Foam With Controversial PFAS Chemicals

Industrial materials maker DuPont said on Wednesday it would stop buying and using firefighting foams made with a controversial class of chemicals, which are at the center of multiple environmental lawsuits, by the end of 2021. The chemicals, which have …

More Tesla Solar Panel Claims Surface; 2 Home Insurers Allege Negligence

One evening last year, David Burek noticed charred wood and a burning smell in his attic, near his young sons’ bedroom. He climbed a ladder and saw a melted connector wire from the solar panels installed on the roof of …

Sacklers to Remain Billionaire Family If Purdue Settles Opioid Lawsuits

The Sackler family — once known as global philanthropists backed by a fortune made from opioids and other drugs — may lose most of their wealth if they agree to an $11.5 billion settlement to resolve lawsuits against them and …

Business News: J.D. Power, Root and Owlcam, Country Financial and Cambridge Mobile Telematics

Drivers Irked by Nanny Tech Advanced Driver Assistance Systems may have potential to reduce auto insurance claims, but some of them are so annoying that many drivers disable the systems and try to avoid buying them on future vehicle purchases, …

Crazy Midwest Weather Spurs Hardest Year Ever for U.S. Farms

Crazy weather that disrupted U.S. Midwest plantings is adding to farmer stress, with growers ranking 2019 as their hardest year ever. A survey conducted by Farm Futures showed that 53% of respondents said 2019 is the most difficult year they’ve …

Dorian Set to Lash Puerto Rico Before Hitting Florida Coast

Tropical Storm Dorian is about to lash Puerto Rico with torrential rains, and then is expected to gain strength and become the first major hurricane to hit Florida’s east coast in 15 years. Chances are increasing that the storm will …

Sackler Family Backs $11.5 Billion Purdue Opioid Settlement

The Sackler family and their embattled drugmaker, Purdue Pharma LP, are backing a proposal to resolve all opioid lawsuits against themselves and the company for more than $11 billion in what would be the largest settlement to date in the …

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