Industry News

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More Large Employers Add Financial Wellness Tools to Benefits Menu
May 24, 2018
Study after study shows that money stress can be as bad for workplace productivity as back pain. The latest study, released by PwC on Tuesday, found that a quarter of U.S. workers said financial worries caused them health problems. Forty …

Uber Expands Health Insurance Benefit to Drivers in 21 European Countries
May 24, 2018
Uber plans to offer all its European drivers an upgraded version of the health insurance it already provides in France in a drive to attract independent workers and fend off criticism over their treatment. The San Francisco-based taxi app, which …

Allianz Global Corporate & Specialty Expands Cargo Coverage
May 24, 2018
Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) has expanded its Project Cargo offering through a direct partnership with its Engineering division. The new collaborative approach will allow AGCS to provide …

Microsoft to Extend EU Data Privacy Rights Globally. Facebook, Google Not Quite.
May 24, 2018
Microsoft promised this week to give users worldwide the same data and privacy rights Europeans will get under new regulations there. That’s in contrast to some of its tech rivals, who are hedging on how much privacy protections will change …

How Data Privacy Laws Could Hamper Insurance Underwriting
May 24, 2018
Complying with the European Union’s new General Data Protection Regulation is leading insurers and reinsurers to dilute the types of data they gather—something that could diminish underwriting quality, A.M. Best said in its latest regulatory assessme …

J&J Loses Second Talcum Powder Trial
May 24, 2018
Johnson & Johnson lost a second trial linking baby powder use to deadly asbestos cancer and jurors must next decide whether to punish the company on top of their award of $21.7 million in damages. Jurors in state court in …

Neon Names Ascot’s Butt as Group Underwriting Director
May 24, 2018
Specialty insurer Neon announced that Theo Butt will be joining the company in September in the newly-created role of group underwriting director for Neon Holdings Limited. Butt joins Neon from Ascot Underwriting where he has worked since 2006, leadi …

North Carolina Judge Awards $4.7M to Family of Man Killed Outside Strip Club
May 24, 2018
The family of a man shot to death outside a strip club in North Carolina has been awarded nearly $5 million from the operators of the club. The Winston-Salem Journal reported a judge granted a default judgment Monday against John …

4 New Sinkholes Open in Central Florida Retirement Community
May 24, 2018
Four sinkholes have opened up in a fast-growing retirement community in Florida, including one in front of a home that was abandoned months ago because of an earlier sinkhole. A spokeswoman for the Marion County Sheriff’s Office says the new …

Georgia Business Owner Arrested for Insurance Fraud
May 24, 2018
A business owner in Gwinnett County, Ga., has been arrested and charged with one count of insurance fraud after presenting a fraudulent certificate of insurance coverage, according to a statement from Georgia Insurance Commissioner Ralph Hudgens. Mar …

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