Walgreen Agrees to Record $80M Settlement Over Distribution of Painkillers June 12, 2013 By Jessica Wohl and Jonathan Stempel Walgreen Co., the largest U.S. drugstore chain, has agreed to pay $80 million in civil penalties to resolve allegations that...
Goldman Avoids Damages in Dragon System’s Merger Negligence Claim June 12, 2013 By Janelle Lawrence Sachs Group Inc.’s missteps advising speech-recognition pioneer Dragon Systems Inc. in a merger weren’t egregious enough under the law to...
Hands-Free Voice Messaging Behind Wheel More Dangerous Than Phoning: Study June 12, 2013 By Angela Greiling Keane, Bloomberg Using voice-to-text messaging, included in systems such as Ford Motor Co.’s Sync and Toyota Motor Corp.’s Entune, is more distracting...
Best Affirms Gen Re Group’s ‘A++’ Ratings; Outlook Stable June 12, 2013 A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+”...
ACE Launches CPL Coverage for Healthcare Industry Construction Projects June 12, 2013 ACE USA, the U.S.-based retail operations of the ACE Group, has introduced a new contractors pollution liability (CPL) owner-controlled insurance...
CNA Launches Insurance Program for Accountable Care Organizations June 11, 2013 CNA has developed a new integrated insurance product to address the full range of exposures unique to accountable care organizations...
AIG Names Doyle, Sankaran to Executive Group June 11, 2013 By Zachary Tracer American International Group Inc. added John Doyle and Sid Sankaran to the insurer’s executive group as Chief Executive Office Robert...
Chubb Must Face Bear Stearns Suit Over Coverage for SEC Deal June 11, 2013 By Chris Dolmetsch, Bloomberg Chubb Corp.’s Vigilant Insurance must face a lawsuit by Bear Stearns Cos. accusing the insurer of breach of contract for...
Senate Passes Crop Insurance Bill; House Fight Over Food Stamps Next June 10, 2013 By Charles Abbott The Democratic-run U.S. Senate passed a $500 billion, five-year farm bill on Monday that expands a taxpayer-subsidized crop insurance program...
Chrysler’s Recall Refusal of 2.7M Jeeps Could Invite Major Liability June 10, 2013 By Dee-Ann Durbin and Tom Krisher A defiant Chrysler is refusing to recall about 2.7 million Jeeps the government says are at risk of a fuel...