Reuters Report: How Judges’ Secrecy Has Added to Toll of Opioids and Other Products June 25, 2019 By Benjamin Lesser, Dan Levine, Lisa Girion and Jaimi Dowdell WELCH, West Virginia —The opioid epidemic that has so far killed half a million Americans is routinely blamed on greedy...
Specialty Broker Ed Expands to Bermuda June 25, 2019 Reinsurance and specialty broker Ed said it has received regulatory approval from the Bermuda Monetary Authority for its new operation...
Vote Expected on Federal Funds to Test Connecticut Crumbling Foundations June 25, 2019 Federal legislation that sets aside $4 million in federal funds to study the effects of the mineral pyrrhotite on concrete...
World Insurance Associates Acquires New Jersey’s Links Insurance Services June 25, 2019 World Insurance Associates LLC (WIA), an independent insurance agency headquartered in Tinton Falls, N.J., has acquired Links Insurance Services LLC...
Report Says Major Hurricane Could Cost Virginia $40B June 25, 2019 Experts say that southeastern Virginia could suffer $40 billion in losses if it’s struck by a major hurricane. Professors from...
Tokio Marine Puts UK Insurer into Run-Off, Now Focusing on Lloyd’s Business June 25, 2019 By L.S. Howard Tokio Marine Group is putting one of its UK insurance companies, Tokio Marine Kiln Insurance (TMKI), into run-off. Going forward,...
Insurance for Middle East Oil Shipments Soars to More Than $500,000 June 25, 2019 By Sheela Tobben The cost of insuring Middle East oil shipments is soaring as tensions mount in a region responsible for about a...
Santander Pays $1.1B to Replace Allianz with Aegon, Mapfre in Spain Joint Venture June 25, 2019 By Charlie Devereux and Will Hadfield Banco Santander SA agreed to pay 937 million euros ($1.1 billion) to buy Allianz SE out of an insurance joint...
Oklahoma Judge Approves Revised $85M Opioid Settlement With Teva June 25, 2019 By Nate Raymond An Oklahoma judge has approved a revised $85 million settlement with Teva Pharmaceutical Industries Ltd. resolving claims by the state’s...
Credit Rating of Federated Rural Electric Insurance Exchange in Kansas Upgraded June 25, 2019 AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a+” from “a” and affirmed the Financial Strength...