National News

AstraZeneca to Publish Full COVID-19 Vaccine Clinical Trial Results on Efficacy

AstraZeneca will publish up-to-date results from its major U.S. COVID-19 vaccine trial within 48 hours after health officials publicly criticized the drugmaker for using “outdated information” to show how well the immunization worked. The rare public rebuke marks the latest …

Boston Scientific Settles States’ Surgical Mesh Device Marketing Claims for $189M

Boston Scientific Corp. agreed to pay $188.7 million to settle claims by most U.S. states that it deceptively marketed its surgical mesh devices to consumers. The settlement with 47 states and Washington, D.C. was announced on Tuesday by several state …

Helicopter Crash Exposes Deadly Loophole for Aerial Sightseeing

The five people who signed up for a helicopter sightseeing flight above New York City three years ago might have expected that aviation regulators were looking after their safety. But the reality of that fatal flight on March 11, 2018, …

The Hartford Rejects Chubb’s $23 Billion Buyout Offer

The Hartford today announced that its board of directors has unanimously rejected rival insurer Chubb’s unsolicited proposal to acquire The Hartford for $23.24 billion. The Hartford said its board determined that entering into discussions regarding a strategic transaction “would not …

U.S. Oversight Board Questions AstraZeneca’s COVID-19 Vaccine Data

AstraZeneca may have released outdated information on its latest COVID-19 vaccine trial, giving an “incomplete” picture of its efficacy, a leading U.S. health agency said on Tuesday, casting doubt on the shot’s potential U.S. rollout and plunging its developers, once …

Swiss Cyber Security Firm Says It Accessed Servers of a SolarWinds Hacking Group

A Swiss cyber-security firm says it has accessed servers used by a hacking group tied to the SolarWinds breach, revealing details about who the attackers targeted and how they carried out their operation. The firm, PRODAFT, also said the hackers …

The Inflation Specter Looms for Property/Casualty Insurers

Inflation, defined as the rate at which prices for goods and services are increasing, tends to occur when prices rise due to increases in production costs or when the demand for a product exceeds its supply (i.e., too much money …

Allianz Partners Adds Epidemic Coverage to Travel Insurance Products

Allianz Partners, a travel insurance and assistance company, has added enhancements to its travel insurance products that may provide coverage to customers who become ill with COVID-19 or a future epidemic, are individually ordered to quarantine, or are denied boarding …

Supreme Court Nixes Facebook Bid to Curtail $15B Class Action Over User Tracking

The U.S. Supreme Court on Monday turned away Facebook Inc.’s bid to pare back a $15 billion class action lawsuit accusing the company of illegally tracking the activities of internet users even when they are logged out of the social …

Insurance Technology: InsurTech NY Winners; $3M in GloveBox; Hippo’s Claims Partners; AXIS-Elpha Cyber Service

The Winners Are InsurTech NY announced the winners of its 2021 Early-Stage InsurTech Competition at the InsurTech Spring Conference on March 10. The winners received prizes worth $200K in total. Winners were selected by judging panels grouped by their background—angel …

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