Farmers Grow to Like Crop of Technologies Helping Them Manage Weather Risk April 16, 2019 By Lydia Mulvany and Brian K. Sullivan When surprise hailstorms hit the 6,000 acres Trevor Scherman plants each year with peas, wheat, canola and lentils, his first...
Supreme Court Denies Drug Maker’s Use of Native American Tribe to Shield Patents April 16, 2019 By Lawrence Hurley The U.S. Supreme Court on Monday cast aside pharmaceutical company Allergan Plc’s unorthodox bid to shield patents from a federal...
Liberty Mutual to Acquire AmTrust’s Surety, Credit Reinsurance Business April 15, 2019 Liberty Mutual Insurance said it has agreed to acquire the global surety and credit reinsurance operations of property/casualty insurer AmTrust...
Contaminated Oil Linked to U.S. Reserves Raises Safety Concerns April 15, 2019 By Catherine Ngai Exxon Mobil Corp. is the latest company to raise concerns that a stockpile of U.S. government crude is tainted with...
Markel Internal Review Finds ‘No Bad Faith’ Related to Loss Reserves Under Investigation April 15, 2019 By Andrew G. Simpson Markel Corp. said that an internal review conducted by outside counsel found “no evidence that personnel of its CATCo unit...
Judge Directs Bayer to Enter Mediation with Plaintiffs in Roundup Cancer Lawsuits April 15, 2019 By Joel Rosenblat A U.S. judge ordered Bayer AG to pursue mediation with plaintiffs claiming that its Roundup weedkiller causes cancer, asking the...
Brake Complaints Cause Lyft to Replace 3,000 Electric Bikes in 3 Cities April 15, 2019 By Imani Moise Lyft Inc. is removing several thousand electric bikes from service in its bike-share program in New York, Washington and San...
Insurance Agency Merger Count Held Steady in Q1: Optis April 15, 2019 There were 151 announced insurance agency mergers and acquisitions during the first quarter of 2019, according to Optis Partners. That...
Why Uber ‘Depends Heavily’ on Insurance April 15, 2019 By Andrew G. Simpson Uber Technologies Inc., on its way to an initial public offering that some media reports say could raise $10 billion,...
Fitch Warns Bond Insurers After Court’s Puerto Rico Bankruptcy Ruling April 12, 2019 By Karen Pierog A U.S. Appeals Court ruling last month in Puerto Rico’s bankruptcy led Fitch Ratings on Thursday to place seven city,...