Monthly Archives: <span>February 2019</span>

How High-Pressure Insys Prescription Call Center Lied to Insurers to Sell Opioids

The goal for Insys Therapeutics Inc.’s call center in Phoenix was simple: persuade insurers to authorize at least 70 prescriptions a week of its expensive opioid spray. Workers would get bonuses for surpassing the goals, a former call center manager …

India’s New Web Rules Address Data Privacy, Commercial Liability

India outlined a new draft policy for its burgeoning e-commerce sector on Saturday, focusing on data localisation, improved privacy safeguards and measures to combat the sale of counterfeit products. The proposed overhaul, which would likely increase operating costs for the …

Brazil to Announce Results of Safety Review of Weedkiller Glyphosate

Brazil’s health agency has concluded a re-evaluation of the safety of the weedkiller glyphosate, the most widely-used agriculture chemical in the country, and will present the findings and recommended guidelines for its future use on Tuesday, an official said. The …

Britain Adopting EU Laws So Financial Firms Ready for ‘Any’ Brexit Outcome, Says Minister

Britain’s financial sector will continue to function properly whatever form Brexit takes, a junior minister said on Tuesday, though the head of an industry body said it would back proposals to avert Britain leaving the EU without a withdrawal deal. …

FedNat to Buy Maison Homeowners Insurance Operations from 1347 Holdings

FedNat Holding Co. has agreed to purchase substantially all of 1347 Property Insurance Holdings homeowners’ insurance operations, consisting of Maison Insurance Co., Maison Managers and ClaimCor in a 50/50 cash and stock transaction valued at approximately $51 million. In addition …

Commercial Insurance Prices Rose 2% in Q4: Marsh Global Index

Average commercial insurance prices increased by two percent in the fourth quarter of 2018, the fifth consecutive quarter of average increases. Also, according to broker Marsh’s Global Insurance Market Index, composite pricing in Q4 increased in all global regions, the …

Zurich Insurance Acquires Dallas Digital Applications Firm, Sea Pine Technologies

Schaumburg, Illinois-based insurer Zurich North America has acquired 100 percent ownership of Sea Pine Technologies, a Dallas-based company specializing in digital applications for the marketing of vehicle protection products. Zurich provides automotive finance and insurance (F&I) products and services in …

Supreme Court Rejects Tobacco Firms’ Appeal on Smoker Lawsuits

The U.S. Supreme Court turned away the tobacco industry’s effort to derail lawsuits by thousands of Florida smokers, leaving cigarette makers exposed to potentially billions of dollars in liability. The justices on Monday rejected appeals by units of Altria Group …

Agents, Brokers and the Future of Insurance Distribution

A funny thing is happening on the way to the future. As consumers’ and carriers’ behaviors, attitudes and expectations have been changing, independent agents are evolving to better serve both customers and carriers. In terms of customers, agents who have …

Could J&J Be Helped by Missouri Ruling Against Talcum Lawsuits?

A Missouri Supreme Court ruling on talc lawsuits could reduce the liability and number of large trials Johnson & Johnson faces over allegations its talc products, including baby powder, cause cancer. The ruling will likely offer some respite to the …