After three banner years, the U.S. workers compensation market will face increasing pricing pressure and an erosion in results heading into next year. That means 2019 will be closer to a break-even combined ratio rather than a profitable one, Fitch …
The American Medical Association, which represents U.S. physicians, urged the U.S. Justice Department on Wednesday to stop CVS Health Corp.’s plan to buy insurance provider Aetna Inc., saying the deal could result in higher prices for prescription medicines. The AMA …
The Treasury Department has moved to clear up some confusion in the Trump tax cut law by proposing that the full 20 percent deduction for pass-through businesses be made available to a broad spectrum of small businesses, including insurance agents …
Uber Technologies Inc. is creating a standalone business out of its long-haul trucking business, with plans to double its investment in the unit to drive growth ahead of a much-anticipated initial public offering. Uber said on Tuesday its separate freight …
Cars and trucks with electronic driver assist systems may not see stopped vehicles and could even steer you into a crash if you’re not paying attention, an insurance industry group warns. The Insurance Institute for Highway Safety, in a paper …
On Wall Street, it’s known as “the Weinstein clause.” Advisers are adding guarantees to certain merger agreements in light of the sexual misconduct scandals that have enveloped the producer Harvey Weinstein and other high-profile businessmen — ones that legally vouch …
The Travelers Companies announced that, effective Sept. 1, Jay S. Benet will step down from his role as chief financial officer, a position he has held since 2002. Benet will remain on the senior leadership team as vice chairman. Daniel …
A trial in which a school groundskeeper alleged that his use of Monsanto’s Roundup weed killer caused his terminal cancer will go to a California jury after lawyers for both sides delivered their closing arguments on Tuesday. Groundskeeper Dewayne Johnson …
The U.S. traffic safety regulator is investigating complaints of fire during crashes in some Ford Motor Co. F-150 Supercrew pickup trucks linked to a seat belt component. The National Highway Traffic Safety Administration (NHTSA) said there were five complaints alleging …
Allergan Plc on Thursday sued Pfizer Inc. to require its rival to cover any damages it is forced to pay as a result of hundreds of lawsuits claiming Allergan deceptively marketed an opioid it acquired from a company Pfizer bought. …
