Trump Signs Executive Orders to Lower Prescription Drug Prices July 27, 2020 By Jeff Mason, Alexandra Alper and Carl O'Donnell U.S. President Donald Trump on Friday signed four executive orders aimed at lowering the prices Americans pay for prescription drugs,...
Indivior to Pay $600M to Settle Claims of Deceptive Marketing of Opioid Treatment July 27, 2020 By Nate Raymond Indivior Plc has agreed to pay $600 million and have a subsidiary plead guilty to a felony charge to resolve...
Tesla Invites Actuaries to Help It Create a ‘Revolutionary’ Insurance Company July 24, 2020 By Andrew G. Simpson Tesla, which has been testing an insurance product for its drivers in California, is preparing to build an insurer, one...
Chemical Firm BASF and Its Law Firm to Pay $72.5M to Close Talcum-Asbestos Claims July 24, 2020 By Jef Feeley BASF SE, the world’s biggest chemical maker, and a law firm agreed to pay a combined $72.5 million to resolve...
Global Natural Catastrophe Losses During H1 Ranged from $68B to $75B: Munich Re, Aon July 24, 2020 By L.S. Howard Munich Re and Aon both issued reports this week on the economic and insurance costs of global natural catastrophes during...
Geico Sued for Alleged ‘Woefully Inadequate’ Coronavirus Auto Insurance Discount July 24, 2020 By Andrew G. Simpson Berkshire Hathaway’s Geico, the country’s second largest auto insurer, is being targeted by a potential class action for allegedly overcharging...
Everest Insurance Promotes Karmilowicz to President, CEO; Mulray to COO July 24, 2020 Everest Insurance reports that Michael Karmilowicz has been named president and chief executive officer and Michael Mulray has been named...
Insurers Exploring ‘New World’ of Police Officer Professional Liability July 24, 2020 By Suzanne Barlyn and Alwyn Scott U.S. insurers and brokers are starting to craft professional liability coverage for police officers, spurred on by signs that policymakers...
State Insurance Commissioners Vow to Probe Role of Race in Insurance July 24, 2020 By Andrew G. Simpson The nation’s state insurance commissioner said they are forming a special committee to address issues of race in insurance including...
Specialty Broker Offers Business Insurance Coverage for Pandemic, Epidemic Risks July 23, 2020 A Boston-based national wholesale insurance broker is offering what it says is “among the first and most accessible” insurance policies...