Trading to Begin on Ryan Specialty IPO at $23.50 per Share for $1.3 Billion July 22, 2021 Chicago-based wholesale insurance broker Ryan Specialty Group Holdings, Inc. announced the pricing of its initial public offering of 57 million...
What Drug Companies Have Paid to Settle Claims Over U.S. Opioid Crisis July 22, 2021 By Tom Hals State attorneys general on Wednesday unveiled a $26 billion settlement with the three largest U.S. drug distributors and Johnson &...
States, Municipalities Have 30 Days to Weigh $26B Opioid Deal with Major Drug Firms July 22, 2021 By Nate Raymond A group of state attorneys general unveiled on Wednesday a landmark $26 billion settlement with large drug companies for allegedly...
Embedded As a Risk, New COVID Cycle Could Challenge Economic Recovery July 22, 2021 By Howard Schneider Five weeks after dropping its reference to the coronavirus as a weight on the economy, the U.S. Federal Reserve is...
Insurance Commissioner, Acting as Liquidator of RRG, Is Not a ‘Governmental Authority’ July 22, 2021 By Daniel A. Rabinowitz When is an insurance commissioner not a governmental authority? A federal district judge reminds us that a state insurance commissioner,...
AIG Employees to Return to Offices on Sept. 14 With Safety Measures July 22, 2021 American International Group Inc., one of the largest U.S. insurers, has set Sept. 14 as its global return-to-office date, Chief...
Agency Partnership News Wrap-Up: SAN Group, Valley Alliance, Keystone, United Valley July 21, 2021 SAN Group Adds 16 New Member Agencies Satellite Agency Network (SAN) Group Inc. added 16 independent member agencies to the...
First Half Insured Losses From Natural Disasters Reach 10-Year High July 21, 2021 Insured losses from natural disasters hit a 10-year high of $42 billion in the first half of 2021, with the...
Advisory Firms Aite Group and Novarica Merge with Backing From Pamlico July 21, 2021 Two Boston, Mass.-based advisory and research firms for the insurance industry are now one. Aite Group and Novarica Inc. said...
Ford, Lyft, Argo AI Collaborate to Offer Robotaxi Service in Cities July 21, 2021 By Tina Bellon Self-driving startup Argo AI, carmaker Ford Motor Co. and ride-hail company Lyft Inc. on Wednesday said they partnered to offer...