National News

Beazley, Marsh Launch Cyber Coverage Product for Manufacturers

Beazley and Marsh have partnered to provide tailored cyber insurance cover and breach response for U.S. manufacturers. The new Manufacturer’s First Response, a Marsh and Beazley Breach Response (BBR) initiative, offers coverages tailored specifically to address cyber and operational risks …

U.S. Asks Court to Approve CVS-Aetna Merger

The U.S. Justice Department formally asked a judge on Monday to approve its deal to allow CVS Health Corp. to merge with insurer Aetna. Judge Richard Leon of the U.S. District Court for the District of Columbia scolded the government …

Amazon Crash Points to Lax Safety for Cargo Operations Compared to Passenger Airlines

Passenger airlines in the U.S. have recorded a remarkable period of safety over the past 10 years. Not so the nation’s cargo planes. Five domestically registered aircraft have crashed since 2009 — killing 16 people — including Saturday’s violent plunge …

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 …

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 …

Berkshire P/C Insurance Reported Q4 Loss, Profit for Full Year 2018

In the conglomerate’s annual report published on Saturday, Berkshire Hathaway’s Chair Warren Buffett recommended that readers focus on operating earnings, reviewing a year in which insurance operations contributed $6.1 billion to a $24.8 billion total. While total operating income rose …

How to Get Autonomous Cars to Pull Over for Police

It was still dark on a Friday morning in November when a California Highway Patrol officer started following a Tesla Model S on Route 101 between the San Francisco International Airport and Palo Alto. The gray sedan was going 70 …

Bayer Faces Second Trial over Roundup Cancer Risk Claim

Bayer AG is set to face a second U.S. jury over allegations that its popular glyphosate-based weed killer Roundup causes cancer, six months after the company’s share price was rocked by a $289 million verdict in California state court. A …

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