U.S. Charges Teva With Conspiring to Fix Generic Drugs Prices August 26, 2020 The U.S. Justice Department charged Teva Pharmaceutical Industries Ltd. on Tuesday with conspiring with competitors to raise prices for generic...
MS Amlin Names Everest Re’s Carrier as Chief Underwriting Officer as 3 Step Down August 26, 2020 MS Amlin Underwriting Limited, the Lloyd’s (re)insurer, has appointed Andrew Carrier to the new position of chief underwriting officer. Carrier...
Honda to Pay $85 Million to States Over Defective Takata Air Bags Claims August 26, 2020 Units of Honda Motor Co. have agreed to pay $85 million to settle an investigation by most U.S. states into...
Crest Insurance in Arizona Names Benedetto Senior Vice President August 26, 2020 Crest Insurance Group of Scottsdale, Ariz., has named Frank Benedetto a senior vice president of the employee benefits division. Benedetto...
Carnival Cancels 2 Early 2021 Princess Cruises Over COVID-19 Restrictions August 26, 2020 Carnival Corp.’s Princess Cruises said on Monday it would cancel early 2021 cruises on two ships, citing travel, border and...
Coronavirus Pandemic Makes Politically Risky World Even Riskier August 25, 2020 The global COVID-19 pandemic has exacerbated an “already volatile political risk landscape” with most countries recording elevated political risk. According...
Alphabet’s Verily to Launch Insurer Focused on Employer Medical Stop Loss Market August 25, 2020 By Andrew G. Simpson San Francisco-based Verily, an Alphabet company, is creating a subsidiary, Coefficient Insurance Co., to compete in the medical stop loss...
Storm Damages New Hampshire Cottages, Creates Waterspout Over Lake August 25, 2020 A strong storm damaged vacation cottages on New Hampshire’s Lake Winnipesaukee Saturday. The fast-moving system brought strong winds and heavy...
Conn. Offers Coverage Guidance Due to Power Outages After Tropical Storm Isaias August 25, 2020 In the aftermath of Tropical Storm Isaias, Connecticut Governor Ned Lamont and Insurance Commissioner Andrew N. Mais are reminding policyholders...
Lloyd’s Appoints Canal’s Bond as U.S. Head of Claims August 25, 2020 Lloyd’s of London has named Carey Bond as U.S. head of Claims, a newly created role that stems from the...