Members of the Property Casualty Insurers Association of America and the American Insurance Association have approved a merger that takes effect Jan. 1, 2019. The combined organization is set to have a new name, the American Property Casualty Insurance Association, …
The former chief executive of Insys Therapeutics Inc. has agreed to plead guilty to participating in a scheme to bribe doctors to prescribe a powerful opioid medication in order to boost its sales, U.S. prosecutors said on Wednesday. Michael Babich, …
U.S. airports may be just as vulnerable as London’s Gatwick airport to the kind of illegal drone incursions that shut down the U.K.’s second-busiest hub this week. Counter- drone technology performed so poorly in U.S. government tests in recent years …
As indicated by a report by Insurance Journal over the holidays, the Federal Emergency Management Agency (FEMA) is limiting the authority of the nation’s flood insurance program to issue new and renewal policies during the federal government shutdown. The insurance …
On Friday, December 21, 2018, President Trump signed into law a measure reauthorizing the National Flood Insurance Program until May 31, 2019. The flood program was set to expire at midnight on Dec. 21. However, the partial federal government shutdown …
As they previously announced they would do, the U.S. Treasury and U.S. Trade Representative have officially signed an agreement with the United Kingdom to provide insurance regulatory continuity after the country exits the European Union. The Trump Administration also issued …
Giant auto insurer GEICO has promoted Joe Pusateri to vice president of marketing Pusateri previously served as an assistant vice president in marketing; in that role, which he assumed last year, he oversaw analytics, direct mail, in-house creative and the …
There are initial signs that the private passenger nonstandard automobile segment is beginning to improve after years of unfavorable results, including continued premium growth in 2017 and through mid-year 2018, according to A.M. Best. Best’s Market Segment Report, “Early Signs …
Novartis AG and Bayer AG are among nearly 30 drugmakers that have taken steps to raise the U.S. prices of their medicines in January, ending a self-declared halt to increases made by a pharma industry under pressure from the Trump …
Marriott International Inc. will be dealing with direct cyber incident losses from its massive data breach of between $200 million and $600 million, according to an AIR Worldwide estimate. Marriott disclosed on Dec.1 that it had uncovered a massive data …
