How Much Do Health Insurance Subsidies Cost Taxpayers? December 19, 2016 By Ricardo Alonso-Zaldivar Taxpayers will fork over nearly $10 billion more next year to cover double-digit premium hikes for subsidized health insurance under...
Newline Group Establishes Branch Office (and EU Platform) in Germany December 19, 2016 London-based Newline Insurance Co. Ltd., a subsidiary of Odyssey Re Holdings, announced it has received regulatory approval to establish a...
Vermont to Study Environmental Risks of Proposed Rail Tunnel December 19, 2016 By Wilson Ring Vermont transportation officials have decided to pursue a more detailed environmental study of a proposed $40 million rail tunnel project...
Snow Affects Travel in Southern New England December 19, 2016 The season’s first major winter storm has dumped snow throughout southern New England and caused slippery road conditions. Snow fell...
New York Man Sentenced to 60 Years for Killing Fiancee for Insurance December 19, 2016 A 48-year-old man convicted of killing his fiancee to collect on her life insurance has been sentenced to 60 years...
Pennsylvania Insurance Commissioner Advises Preparation for Winter Weather December 19, 2016 Pennsylvania Insurance Commissioner Teresa Miller has advised consumers to plan ahead and review their homeowners and auto insurance policies as...
U.S. Investigators Blame Autopilot in Facebook’s Big Drone Crash December 19, 2016 By Alan Levin The wing on Facebook Inc.’s experimental high-altitude drone broke last summer in Arizona after the massive aircraft hit an updraft...
XL Catlin Invests $4M in Insurtech Microinsurance Startup, Stonestep December 19, 2016 XL Catlin’s venture fund, XL Innovate, committed $4 million in first-round financing to Stonestep, a property/casualty insurtech startup looking to...
Anthem-Cigna Merger Trial Pits Efficiency Claims vs. Loss of Competition Claims December 19, 2016 By David McLaughlin Anthem Inc. and the U.S. Justice Department extended their clash over whether the insurer’s planned takeover of rival Cigna Corp....
AXIS Capital’s London Office to Move to ‘The Scalpel,’ New Tower Near Lloyd’s December 19, 2016 Bermuda-based AXIS Capital Holdings Ltd. announced its London office will be among the first commercial tenants in “The Scalpel,” a...