A multibillion-dollar bill is coming due for the U.S. opioid epidemic and insurers for some of the largest drug makers, distributors and pharmacies are refusing to help pay for it. A Delaware Supreme Court ruling in January has emboldened insurers …
More than 50 years ago, nearly a dozen men incarcerated outside of Philadelphia enrolled in an experiment funded by Johnson & Johnson, according to unsealed documents. Now, those studies have come back to haunt the world’s largest maker of health-care …
Hub International Ltd. acquired the assets of Pacific Northwest Insurance Inc. in Kirkland, Washington. Robert James, principal of PNI, and the PNI team will join Hub Northwest. PNI provides property/casualty, and personal insurance solutions to individuals and families, businesses, and …
Climate experts from Oregon, Washington and Idaho say most of the Northwest remains locked in drought and that the region is unlikely to get enough rainfall to end drought conditions. Britt Parker, regional drought information coordinator for the National Oceanic …
The U.S. Securities and Exchange Commission (SEC) plans to propose its landmark climate risk rule as early as Wednesday, March 16, said two people familiar with the agency’s planning. One of the people, who spoke anonymously about private agency plans, …
A ski lift accident that sent a gondola falling to the ground at Sunday River Resort in western Maine could have been far more serious. There was only one occupant in the gondola, which has a capacity of eight riders, …
Any major event or upheaval that affects the economy, the environment, technology, health or law somehow touches insurance. War is no exception. The repercussions of Russia’s unprovoked military invasion of Ukraine are already being felt in numerous corners of the …
U.S. broker Brown & Brown Inc. has entered into an agreement to acquire Global Risk Partners (GRP) from its private equity owner Searchlight Capital Partners L.P. The acquisition, which is subject to regulatory approval, is expected to close in the …
Another federal appellate court ruled Monday that a business interruption caused by COVID-19 does not amount to a physical damage or loss covered by a commercial property insurance policy. A panel of the 4th Circuit Court of Appeals affirmed the …
Insurance technology provider Zywave has agreed to offer an $11 million fund to settle a class-action lawsuit related to a data breach at a company it acquired in 2020. A proposed class-action suit was filed against Insurance Technologies Corp. (ITC) …
