Insurance Agency Mergers Hit Near-Record in First Half 2019 July 24, 2019 There were 328 announced U.S. and Canadian insurance agency mergers and acquisitions during the first half of 2019, the second-highest...
Key Finance Committee Senators Unveil Bipartisan Drug Price Bill July 24, 2019 By Susan Cornwell and Michael Erman The top Republican and Democrat on the U.S. Senate Finance Committee announced a proposal to lower prescription drug prices on...
Ensurance Expands Terrorism, Sabotage Coverage to US; Hires 2 New Underwriters July 24, 2019 Ensurance, the specialist MGA and Lloyd’s of London Coverholder, has launched a new terrorism and sabotage insurance offering for the...
Congress Passes Sept. 11 Victims Compensation Fund July 24, 2019 By Laura Litvan The U.S. Senate voted to replenish a fund that provides lifelong medical help and other compensation for firefighters, police officers...
Roundup Not Only Monsanto Legal Woe For Bayer; PCB Claims Still Coming July 24, 2019 By Jef Feeley and Tim Loh The widening legal nightmare over Roundup weedkillers isn’t the only potential multi-billion-dollar liability Bayer AG inherited last year when it...
Largest U.S. Data Breach Settlements with Government Include 3 Insurers July 23, 2019 By Bryan Pietsch The U.S. Federal Trade Commission announced on Monday that Equifax Inc. will pay up to $700 million for a data...
Allianz Promotes Castriotta to North American Financial Product Development Head July 23, 2019 Allianz Global Corporate & Specialty has promoted Kelly Castriotta to regional head of Product Development for Financial Lines in North...
More Funds Sought for Those Exposed to Radiation from Nuclear Weapons Test July 23, 2019 By Susan Montoya Bryan A compensation program for those exposed to radiation from years of nuclear weapons testing and uranium mining would be expanded...
Travelers Profit Up 6.3% in Q2 on Lower Catastrophe Losses, Higher Investments July 23, 2019 The Travelers Companies managed to boost its net income to $557 million for the second quarter, six percent more than...
U.S. Close to $5 Billion Penalty Against Facebook Over Cambridge Analytica Data July 23, 2019 By David Shepardson The U.S. Federal Trade Commission is expected to announce a roughly $5 billion settlement with Facebook Inc. as early as...