The opioid epidemic cost the U.S. economy at least $631 billion from 2015 to 2018, according to a Society of Actuaries’ (SOA) analysis of non-medical opioid use during this timeframe. The SOA report, authored by Milliman, also projected future costs …
A bipartisan group of lawmakers is stepping up efforts to have U.S. trade officials eliminate a legal liability shield that tech companies are pushing to keep in new agreements, including a deal to replace the North American Free Trade Agreement …
Applied Underwriters Inc. and its subsidiary North American Casualty Co. has reportedly been acquired by Applied Underwriters founder Steve Menzies, who was joined in the acquisition by the Quasha Group led by Quadrant Management. The deal is valued at $920 …
Insurance giant American International Group Inc. may get wrapped up in a defamation case involving billionaire Elon Musk, who has told lawyers representing the British cave diver suing him that he’s financially illiquid, according to a legal filing. An attorney …
A 23-year-old law giving technology companies legal protection from lawsuits over user-generated content remains critical to the internet’s future, Alphabet Inc.’s Google unit and social media site Reddit Inc. said in testimony released on Tuesday. Senior executives from Google, Reddit, …
Mark James has been named CNA’s Chief Risk and Reinsurance Officer. He assumes leadership for CNA’s Enterprise Risk Management function and maintains leadership for the Global Reinsurance team. Prior to joining CNA in April 2018, James held the position of …
Three drug distributors are in talks with state and local governments to settle thousands of opioid lawsuits for $18 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the discussions. McKesson Corp., AmerisourceBergen Corp. and Cardinal Health …
Bayer expects the number of claims in the United States related to Roundup herbicide to have surged in the third quarter, as the German drugs and pesticides maker tries to reach a settlement after earlier court rulings against it. “With …
Kat Merryfield was ready to share her farm-to-home oils, chocolates and creams with the rest of the country. But banks and credit card processors weren’t ready to work with her small business. “We started out our website with PayPal, and …
Thimble, formerly known as Verifly, raised $22 million in new financing designed to fuel further expansion and diversification well beyond its original focus on on-demand drone insurance. Existing investors Slow Ventures, AXA Venture Partners and Open Ocean participated in a …
