Walgreen Agrees to Record $80M Settlement Over Distribution of Painkillers June 12, 2013 By Jessica Wohl and Jonathan Stempel Walgreen Co., the largest U.S. drugstore chain, has agreed to pay $80 million in civil penalties to resolve allegations that...
Goldman Avoids Damages in Dragon System’s Merger Negligence Claim June 12, 2013 By Janelle Lawrence Sachs Group Inc.’s missteps advising speech-recognition pioneer Dragon Systems Inc. in a merger weren’t egregious enough under the law to...
Hands-Free Voice Messaging Behind Wheel More Dangerous Than Phoning: Study June 12, 2013 By Angela Greiling Keane, Bloomberg Using voice-to-text messaging, included in systems such as Ford Motor Co.’s Sync and Toyota Motor Corp.’s Entune, is more distracting...
Best Affirms Gen Re Group’s ‘A++’ Ratings; Outlook Stable June 12, 2013 A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+”...
Montreal Protocol Shows the Way for Action on Climate Change June 12, 2013 By Gerard Wynn A new deal to curb carbon emissions could copy features from the Montreal Protocol, which the United States and China...
UK MGA Nexus Group Concludes Financial Lines Coverage Pact with PartnerRe June 12, 2013 Nexus Group, a London-based Specialty MGA, has announced a transaction with reinsurer PartnerRe, which covers the current core financial lines...
Floods Could Cost Germany $16 Billion in Economic Damage Warns Fitch June 12, 2013 Floods that have devastated parts of southern and eastern Germany could briefly impede growth in Europe’s biggest economy, an industry...
Airmic, Willis Terrorism Review Explores Global Insurance Schemes June 12, 2013 “Several of the world’s long-established terrorism insurance schemes were set up to deal with a different terrorism threat than is...
ACE Launches CPL Coverage for Healthcare Industry Construction Projects June 12, 2013 ACE USA, the U.S.-based retail operations of the ACE Group, has introduced a new contractors pollution liability (CPL) owner-controlled insurance...
Dallas Insurance Agency Implements Summer Intern Program June 12, 2013 Dallas-based Roach Howard Smith & Barton (RHSB) Insurance Agency announced it has implemented a summer internship program, with Adam Harmon,...