National News

Hurricane Florence’s Surge Is Expected to Hit Homes That Already Cost the Government Millions: ProPublica

Though the flooding from Hurricane Florence is predicted to be unprecedented, residents of the coastal North Carolina towns threatened by the storm surge know what it’s like to take on water. Some homes in these areas have been repeatedly flooded …

FEMA Chief Under Scrutiny Over Use of Government Vehicles

A demand for documents by a key House Republican adds to the growing pressure on the Federal Emergency Management Agency’s chief as he coordinates the government response to Hurricane Florence. On Monday, House Oversight Committee Chairman Trey Gowdy sent Brock …

Cigna Says Express Scripts Acquisition Passes Antitrust Review

Health insurer Cigna Corp.’s $52 billion acquisition of pharmacy benefits manager Express Scripts Holding Co. has passed U.S. antitrust scrutiny, the companies said on Monday, allowing them to proceed with a combination they say will lead to lower costs by …

Can Home Insurers Keep Customers as Happy as Insurtechs?

Homeowners insurance companies are faring rather well when it comes to customer satisfaction. Consultants at J.D Power think the carriers’ investments in improved digital channels and bundled products that combine are paying off the highest levels of customer satisfaction in …

NHL Enters into Mediation with Players Over Concussion Litigation

NHL Commissioner Gary Bettman downplayed the significance of entering mediation with former players in a bid to settle a concussion lawsuit, saying last week the league is simply following a judge’s order. “The judge asked us to go into mediation …

Hanover Insurance May Follow Chaucer Sale with Talent Hiring, Acquisition

The Hanover Insurance Group could use some of the $950 million it will make from selling its Chaucer international specialty business to fuel organic growth, pursue select acquisitions and hire top talent from rivals, President and CEO John Roche told …

Cline Named CEO of Ascot’s U.S. Platform Ethos Specialty

Ethos Specialty Insurance Services, Ascot Group’s U.S. managing general underwriting platform, has appointed Rory Cline as president and chief executive officer. Cline takes the helm from his current role as chief underwriting officer, having joined Ethos Specialty at inception in …

Big High Tech Is Big on Reimagining Health Care

Apple Inc.’s new watch is the latest proof: Big Tech is trying to remake health care in its own image. The device, introduced at a splashy launch event this week, can call for help after a fall. It can monitor …

Carolinians Must Wait for Flood Waters to Recede to Assess Florence’s Damage

Monday, Sept. 17, 2018, 9:55 am — Record-setting, still-rising floods covering much of eastern North Carolina are preventing companies, regulators and environmental groups from making a comprehensive assessment of damage from Hurricane Florence. On Monday, bucketing rains and tornado warnings …

MGM Follows Suit Against Las Vegas Shooting Victims with Charity Offer

An unprecedented legal move by MGM Resorts International to sue surviving victims of the Las Vegas mass shooting took another unusual turn last week when the casino-operator offered to make $500 charitable donations in the name of each person who …

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