Total insurance industry merger and acquisition (M&A) deals in December 2019 worth $12.92 billion were announced globally, according to GlobalData’s deals database. The value marked an increase of 470.5% over the previous month and a rise of 336.3% when compared …
Montana has filed a lawsuit against the two leading drug distributors in the state, saying they failed to monitor and report excessive opioid shipments to Montana pharmacies, worsening the opioid epidemic. Attorney General Tim Fox announced Monday the state was …
Walgreens will pay $7.5 million to settle with California authorities after an employee was criminally charged with impersonating a pharmacist and illegally filling more than 745,000 prescriptions in the San Francisco Bay Area. Kim Thien Le has pleaded not guilty …
Dogs specially trained by the federal government’s Agricultural Research Service scientists have proven to be the most efficient way to detect huanglongbing—also known as citrus greening—according to a paper just published in the Proceedings of the National Academy of Sciences. …
Irish regulators have launched separate inquiries into Google and dating app Tinder over how they process user data, in a new round of regulatory scrutiny aimed at tech companies. Ireland’s Data Protection Commission said Tuesday that it decided to look …
Government regulators plan to review drone designs in the same way they review other aircraft, a major step toward allowing routine drone deliveries and other flights over congested cities. The Federal Aviation Administration on Monday announced it’s seeking comment from …
To help manage its cyber risk portfolio worldwide, AXA XL has named Elizabeth Benet to the newly-created role of global chief underwriting officer for Cyber. Benet will help the insurer monitor its cyber risk portfolio and exposure from an aggregated …
The Hartford closed out 2019 with gains in net income and net investment income, buttressed in part by its $2.1 billion acquisition of specialty insurer Navigators Group last May. Net income hit $543 million, or $1.49 per diluted share, during …
Sunderland AFC’s owners are targeting a valuation of as much as 40 million pounds ($52 million) as they seek a buyer for the U.K. soccer team, people with knowledge of the matter said. Insurance entrepreneur Stewart Donald and his partners …
California-based specialty insurance holding company K2 Insurance Services is acquiring London-based Pioneer Underwriters. Pioneer will form the cornerstone for a new international platform of K2. This will initially include the Pioneer offerings in property catastrophe reinsurance, financial institutions, international property …
