National News

On the Side, Express Scripts Eyes Distributing High-Priced Specialty Drugs

Express Scripts Holding Co. built a multi-billion enterprise pressuring drug companies to lower their prices for U.S. patients. Now it is quietly building a side business: getting paid to help drug companies dispense a new generation of high-priced drugs. Express …

Zurich North America Names Cittadino as Leader in Programs Unit of Alternative Markets

Zurich North America has named Eric Cittadino as leader for Diversified Programs, Specialty Auto and Aftermarket within the Programs unit of Alternative Markets. He replaces David Banks who has decided to retire at the end of the year. Currently the …

Young Insurance Agents Taking the Lead in Digital Marketing

Thousands of discussions, debates and arguments are taking place in agency offices across the country between principals and ambitious young producers about the role of digital marketing. There are also more than a few stories about millennial producers becoming frustrated …

Monsanto’s ‘Junk Science’ Appeal of Roundup Verdict Faces Long Odds

Bayer AG unit Monsanto faces long odds on an appeal blaming an “inflamed” jury and “junk science” for a verdict of $289 million in damages to a man who said the company’s Roundup weed killer caused his cancer, according to …

Tower Hill Specialty Expands Into 5 New States, Adds Carrier

Tower Hill Specialty, a managing general agency based in Ohio, has begun offering property insurance policies in Georgia, Indiana, Ohio, Texas and Wisconsin. The company, which offers property insurance for homeowners, niche risks including seasonal and rental homes, fixer-uppers, manufactured …

Exxon Loses Bid to Nix Investors’ Suit Over Climate Change Disclosure

Exxon Mobil Corp. must face a lawsuit by investors who blamed a drop in the company’s shares on the disclosure that regulators were scrutinizing its reserve accounting related to climate change. U.S. District Judge Ed Kinkeade on Tuesday denied Exxon’s …

Extraordinary Re’s Extraordinary Idea for Trading Insurance Risks Like Stocks

Imagine there’s a way for institutional investors to trade insurance risks much like they trade stocks. Well, imagine no more. A new and unique reinsurer, Extraordinary Re, has hit upon the novel idea of creating a trading platform run by …

Build vs. Buy an Agency: Organic Growth in Rising Interest Rate Environment

Now that interest rates are rising again, it’s time to re-examine whether buying an insurance agency is the smart choice for growth or whether building an agency makes more sense. While lots of factors come into play when agents want …

Icahn Halts Bid to Block Cigna’s Takeover of Express Scripts

Activist investor Carl Icahn has dropped his fight to block Cigna Corp.’s $54 billion acquisition of Express Scripts Holding Co. after two prominent shareholder advisory firms came out in support of the deal. Institutional Shareholder Services Inc. and Glass Lewis …

Tesla CEO Musk Just Made It Easier for Shareholders to Sue: Viewpoint

On Monday morning, six days after Tesla CEO Elon Musk tweeted that he was thinking about taking the company private at $420 a share, with “funding secured” for the transaction, Tesla published a blog post in which Musk clarified his …

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