It may seem a simple solution to the brewing U.S. retirement crisis: Get people to work until 70 before retiring and 85 percent will have the money they need for retirement. They will save more during additional years in jobs …
The Trump administration proposed ending a complex system of drug rebates that influence tens of billions of dollars in U.S. pharmaceutical spending, a move that could upend the relationship between drugmakers and pharmacy benefits middlemen. The proposal, a long-awaited part …
The National Football League is not aware of any security threats against Sunday’s Super Bowl, the league’s top security officer said Wednesday. “We have no credible or specific threats that have been brought to our attention,” NFL Chief Security Officer …
ESPN ran an in-depth report recently about insurers being unwilling to cover the National Football League (NFL) for general liability and workers’ compensation due to concerns over player concussions and traumatic brain injuries. According to the ESPN report, Pop Warner …
A new report outlines the numerous risks insurers face from climate change. The report from Sustainalytics, a provider of ESG (environmental, social and governance) and corporate governance products and services, shows that property/casualty insurers face two key points of exposure …
W.R. Berkley Corp. ended 2018 with a decline in net income and worsening reinsurance combined ratio due to higher catastrophe loss expenses. At the same time, insurance premiums and investment income grew. The Connecticut-based insurer and reinsurer booked more than …
It may be obvious to those in the industry that the more satisfied independent insurance agents are with an insurance carrier, the more business they will conduct with that carrier. But the message may not be getting through to some …
Marsh & McLennan Cos.’ $5.6 billion acquisition of Jardine Lloyd Thompson Group is on track to close this spring. MMC CEO Dan Glaser, who described the deal as one of “strength on strength,” told analysts today that the transaction is …
A U.S. judge rejected Yahoo’s proposed settlement with millions of people whose email addresses and other personal information were stolen in the largest data breach in history, faulting the Internet services provider for a lack of transparency. In a Monday …
The Federal Emergency Management Agency (FEMA) has renewed for the third year a reinsurance program that transfers future catastrophic flood insurance losses to the private sector The 2019 traditional reinsurance placement for the National Flood Insurance Program (NFIP) transferred $1.32 …
