National News

Lockton Names Spencer to Succeed Lumelleau as CEO in 2017

Global insurance broker Lockton has chosen insider Glenn A. Spencer as its next president and chief executive officer, effective May 1, 2017. Spencer will succeed John L. Lumelleau, who has led Lockton as president and CEO since 2002 and through …

Meeting with Antitrust Official Key Moment for Anthem-Cigna Merger

Anthem Inc. and Cigna Corp. are preparing for a showdown with senior Justice Department officials this week in their effort to persuade the government to allow the health insurers to combine, lest they wind up dueling in court over a …

Democratic Senators Oppose Health Insurer Mergers

Seven Democratic senators urged the U.S. Justice Department on Wednesday to block two mergers of major health insurance companies, saying that the proposed deals would mean higher premiums and lower-quality healthcare for consumers. The department is reviewing Aetna Inc.’s $33 …

Led Zeppelin ‘Stairway to Heaven’ Copyright Case Goes to Jury

The recollections of Led Zeppelin’s Jimmy Page and Robert Plant about events 45 years ago were questioned a final time before jurors were asked to decide who to believe about the genesis of the band’s classic “Stairway to Heaven.” Plant …

Crawford & Co. Names Agadi President and CEO

Atlanta-based international claims management firm Crawford & Co. has named Harsha V. Agadi president and CEO. He has served as interim president and CEO since August 2015. Agadi was named interim CEO last August when Jeffrey Bowman agreed to step …

AXIS’ Pesce Joins Navigators to Launch Surety Unit

Navigators Management Co., a division of the specialty insurance holding company The Navigators Group, has hired David Pesce to launch a new Contract and Commercial Surety department. Based in Iselin, New Jersey, Pesce will initially focus on contract and commercial …

New U.S. Rules Seen ‘Major Step’ for Drone Industry; Rules on Deliveries Still to Come

The Obama administration is opening U.S. skies to more commercial drones with long-awaited regulations that the government hopes will spawn new businesses inspecting bridges, monitoring crops and taking aerial photography. In the most comprehensive set of rules yet for the …

U.S. Issues Final Commercial Drone Regulations

The Federal Aviation Administration has finalized the first operational rules for routine commercial use of small unmanned aircraft systems or drones opening pathways towards fully integrating UAS into the nation’s airspace. The rule promises to generate more than $82 billion for …

Bank Selling Hiscox Cyber Insurance to Its Business Customers

Los Angeles-based Grandpoint Bank is now selling cyber insurance policies to its business customers to provide coverage for wire-transfer and cyber fraud. Grandpoint, which does business in California, Arizona and Washington, says it is the first bank to market policies …

Opioid Alternatives Can Be Hard-to-Find and Costly

Ken Manning’s head is held up by two metal rods, four plates, and 17 screws in his neck. Since falling off a frame at a carpentry job in the early 2000s, he has had four surgeries, leaving his tanned neck …

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