Marijuana Ties May Signal ‘Risky Lifestyle’ to Insurers July 8, 2016 By Ben Steverman A few weeks ago, Derek Peterson got a letter from Mutual of Omaha, turning him down for life insurance. “Our...
Alpha Natural Resources Reaches Deal with U.S. to Exit Bankruptcy, Clean-Up Mines July 8, 2016 By Tom Hals The U.S. government agreed to a mine clean-up deal that allows coal producer Alpha Natural Resources to exit bankruptcy, despite...
Justice Department Has ‘Significant Concerns’ with Aetna-Humana Marriage July 8, 2016 By Caroline Humer and Diane Bartz The U.S. Department of Justice has significant concerns about Aetna Inc’s proposed acquisition of health insurer Humana Inc., a source...
Reports of Fires, Explosions Lead to Huge Hoverboard Recall July 8, 2016 More than 500,000 hoverboards are being recalled after dozens of reports of fires and spewing smoke. There have been 99...
Maryland High Court Finds Liability for Adults Hosting Underage Drinking Parties July 8, 2016 Adults who host underage drinking parties can be held civilly liable for injuries caused by a drunken guest, Maryland’s highest...
Global Flood Events Rack Up $5B in Economic Costs in June: Aon Report July 8, 2016 Major floods across the globe during June – topped by events in China and the U.S. – are expected to...
Cooper Gay Appoints Angelini-Hurll as CEO of Reinsurance Division July 8, 2016 Cooper Gay* the London-based reinsurance, wholesale and specialty broker, announced the appointment of Kieran Angelini-Hurll as CEO of its reinsurance...
Post-Brexit-Vote Property Panic Could Hit Bank, Insurer Investments July 8, 2016 By John O'Donnell and Lawrence White The run on British property funds has drawn attention to the vulnerability of the commercial real estate sector, largely funded...
Marsh Taps Cooke (Former NAPSLO President) as Vice Chair of Global Placement July 8, 2016 Marsh has appointed Jeremy Cooke as vice chairman of Global Placement, effective immediately. Based in London, Cooke will report to...
Alberta Wildfires to Cost Insurers About $2.8B, in Canada’s Costliest Disaster July 8, 2016 By Katia Dmitrieva The wildfires that tore across the oil-producing region of Canada this year will cost insurers about C$3.58 billion ($2.8 billion)...