National News

BMS Re Revamps U.S. Reinsurance Management; Appoints Chandler President and CEO

Reinsurance broker BMS Group announced a series of management changes within its U.S. reinsurance team as the intermediary continues its expansion. This follows the completion in October of a large-scale investment into BMS by British Columbia Investment Management Corp. and …

Boeing 737 MAX Planes to Remain Grounded Rest of This Year: FAA

Federal Aviation Administration (FAA) chief Steve Dickson confirmed Wednesday the agency will not allow Boeing Co.’s grounded 737 MAX, involved in two fatal crashes in five months, to resume flying before the end of 2019. Dickson told CNBC in an …

FDA Moving Quickly to Approve New Drugs. Is It Too Quickly?

The U.S. is approving new drugs so fast that companies are now preparing for a green light months in advance of the scheduled decision date, a pace that’s helping patients with rare or untreatable diseases but raising alarm among consumer …

A Decade After Gulf Oil Spill, a New Wave of BP Lawsuits Hits Courts

A new wave of lawsuits against BP is hitting the federal courts nearly a decade after the Gulf oil spill. The new litigation is the result of a court ruling that blocks thousands of people from a medical settlement negotiated …

Guy Carpenter, MGA Victor to Offer Coverage to U.S. Public Entity Pools

Managing General Underwriter Victor is now offering Guy Carpenter clients who are members of U.S. public entity insurance pools a range of property and casualty insurance products not traditionally offered by the pools. Public entity insurance pools provide property and …

E-Cigarette Makers Lose Legal Challenge to FDA’s Regulatory Authority

U.S. rules for marketing e-cigarettes withstood a legal challenge by a maker of the devices and an industry group. A federal appeals court in Washington upheld the Food and Drug Administration’s regulatory authority over electronic cigarettes, which deliver to users …

Beazley Life Sciences Product Aimed at Small Businesses, Start-Ups

Beazley has launched its BioSecure policy, a life sciences proposition designed for small businesses. The coverage provides flexible insurance protection against a range of exposures in the pharma, biotech and medical device sectors. By introducing BioSecure to smaller, private enterprise …

2019 Overall Best Independent Insurance Agency to Work For: Higginbotham

The Higginbotham Way: ‘Practice What You Preach’ The story began in 1948 when Paul C. Higginbotham returned from military service to open a small personal lines focused insurance agency in Fort Worth’s Riverside neighborhood. More than 70 years later, Higginbotham …

Special Report: America’s Best Independent Insurance Agencies to Work For

The votes have been tallied and the results are in for the 2019 Best Independent Insurance Agency to Work For survey by Insurance Journal. The winners have been chosen by employees. Employees of the Best Agencies to Work For in …

Nationwide Inks Pact to Become ‘Official Insurance Partner’ of Minor League Baseball

Minor League Baseball (MiLB) and insurer Nationwide have a new partnership making the Columbus, Ohio-based carrier the “Official Insurance Partner of Minor League Baseball.” Financial terms of the agreement were not disclosed. Under the deal, Nationwide gets exclusive national rights …

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