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

How to Keep Big Pharma from Winning Drug Price Wars: Joe Nocera

Robin Feldman is a law professor at the University of California Hastings with a particular expertise in antitrust and patent issues. She is also one of those professors who are unusually good at explaining complex issues in terms laymen (like …

Meeting Between Regulators, Employees Helped Set Stage for Wells Fargo CEO Exit

The day after former Wells Fargo & Co. Chief Executive Tim Sloan told U.S. lawmakers he was transforming the bank’s high-pressure culture, Federal Reserve officials met privately with bank employees. At the meeting on March 13, which has not been …

Arthur J. Gallagher Completes Acquisition of UK Specialist Broker Stackhouse Poland

Arthur J. Gallagher & Co. announced it has completed its acquisition of UK specialist insurance broker Stackhouse Poland Group Ltd., which was first announced in January 2019. Financial details of the deal were not released. Guildford, England-based Stackhouse Poland was …

UK Joins Global Backlash Against Tech Firms that Fail to Control Harmful Content

The U.K. joined a growing global backlash against technology companies such as Facebook Inc. and Twitter Inc., proposing fines and bans if social-media platforms fail to curb illegal activity. The government outlined plans for an industry-funded regulator that would police …

Why Has Texas Decided to Break Tradition and Immediately Sue Industrial Polluters?

Late last month as crews worked to contain a roaring fire at a Houston-area petrochemical storage facility, the state of Texas did something unheard of, at least in recent memory: It sued the company that operates the site before the …

Hoppe Joins BevCap Management in Texas as Claims, Risk Management Director

BevCap Management in McKinney, Texas, has added Curtis Hoppe as director of Claims and Risk Management. Hoppe brings over 24 years of professional experience in auto liability, general liability and workers’ compensation claims management. His extensive background in high severity …

Insurers Pitch Quick-Paying Parametric Disaster Insurance to Public Sector

Some of the world’s largest insurers are eagerly pitching cities, states and even school districts on policies designed to pay out quickly with few questions in the event of extreme weather. The catch: Even a hurricane might not be extreme …

Uber, Before IPO, Joins Others in Adjusting Timeline for Driverless Cars

Uber Technologies Inc. expects it will be a long time before one of its biggest investments, self-driving cars, is ready for wide-scale deployment, a senior scientist said on Monday, as the ride-sharing firm gears up to go public. Raquel Urtasun, …

Florida Legislature Considers Reforms to Non-Admitted Insurance Market

Two bills seeking to change the way Florida surplus lines business is handled are currently working their way through the Florida State Legislature and advocates say the potential laws could bring much needed efficiency to the state’s surplus lines market. …

Baldwin Krystyn Sherman Partners Acquires Lykes Insurance of Florida

Baldwin Krystyn Sherman Partners (BKS-Partners), an insurance brokerage and risk management firm headquartered in Tampa, Fla., has acquired Florida-based, independent firm, Lykes Insurance. The partnership finalized on March 13, 2019. Founded in 1925 by Lykes Bros. Inc., Lykes Insurance is …