A federal judge is again ruling against Pennsylvania legislation that would take at least $200 million from a state-chartered medical malpractice insurer of last resort. U.S. District Judge Christopher Conner said the state can’t “legislatively recapture” the Pennsylvania Professional Liability …
Officials have identified the construction worker who died after falling down an elevator shaft in Massachusetts as 41-year-old Carlos Ortiz. The Essex district attorney’s office says Ortiz was working on the roof of a nine-story building in Haverhill morning when …
New Jersey Transit has made enough progress on installing a federally mandated emergency braking system to meet a year-end deadline, Gov. Phil Murphy said. At a news conference at NJ Transit’s maintenance yard, the Democratic governor said the transit agency …
Giant auto insurer GEICO has promoted Joe Pusateri to vice president of marketing Pusateri previously served as an assistant vice president in marketing; in that role, which he assumed last year, he oversaw analytics, direct mail, in-house creative and the …
There are initial signs that the private passenger nonstandard automobile segment is beginning to improve after years of unfavorable results, including continued premium growth in 2017 and through mid-year 2018, according to A.M. Best. Best’s Market Segment Report, “Early Signs …
Japanese insurance group MS&AD Insurance Group Holdings (MS&AD) has agreed to increase its minority stake in ReAssure, Swiss Re’s UK closed life book consolidator, by making an additional cash investment of £315 million ($398.7 million). The transaction, which is subject …
Novartis AG and Bayer AG are among nearly 30 drugmakers that have taken steps to raise the U.S. prices of their medicines in January, ending a self-declared halt to increases made by a pharma industry under pressure from the Trump …
Neon Underwriting Ltd. (NUL), Neon’s Lloyd’s managing agency, announced the promotions of Theo Butt to chief executive officer and Matthew Washington to managing director with immediate effect. The appointments are subject to approval by Lloyd’s and the UK Prudential Regulation …
Insurance broker Miller Insurance Services LLP announced that following receipt of all necessary regulatory approvals, it has completed its acquisition of Alston Gayler and Co. (AG). The transaction strengthens Miller’s position as a leading London wholesale and specialist broking platform, …
London’s Gatwick Airport reopened on Friday after a saboteur wrought 36 hours of travel chaos for over a hundred thousand Christmas travelers by using drones to play cat-and-mouse with police snipers and the army. After the biggest disruption at Gatwick, …
