National News

Facebook Loses Backers for Its Libra Digital Currency But Could Still Proceed

Facebook faces a rough road ahead with Libra, but defections by high-profile partners are still unlikely to spell the end for the digital currency. On Friday, Visa and MasterCard announced their departures from the Libra project, as did e-commerce giant …

J&J’s Legal Beating May Only Get Worse with Baby Powder, Opioid, Hip and Other Claims

Johnson & Johnson has taken some costly beatings in court this year. And it could get worse. Just last week, a jury ordered J&J to pay $8 billion for wrongfully pushing doctors to prescribe the anti-psychotic drug Risperdal. While the …

Critics Hit SEC Revamp of Wall Street Whistleblower Program

A federal agency is moving with little fanfare to revamp one of the most successful whistleblower programs in the government, alarming advocates who warn the changes will set back efforts to police Wall Street and punish corporate fraud. Much like …

Berkshire’s MedPro Acquires Swiss Re Corporate Health Care Liability Business

Berkshire Hathaway health care liability insurance unit MedPro Group has agreed to acquire the healthcare professional liability business of Swiss Re Corporate Solutions effective Oct. 11. The agreement includes hospital and senior care accounts underwritten by SRCS from the U.S., …

Bankruptcy Judge Grants Purdue Pharma Time Out from Government Opioid Litigation

Purdue Pharma LP and its billionaire owners won a temporary reprieve from nearly 2,700 opioid lawsuits, giving the bankrupt drugmaker time to clinch a deal that would atone for its role in America’s addiction epidemic. U.S. Bankruptcy Judge Robert D. …

Vaping-Related Illnesses Could be Due to Multiple Causes: U.S. Health Agencies

U.S. health officials said on Friday there may be more than one cause to the outbreak of the mysterious lung illness linked to e-cigarette use and said they do not see a meaningful drop in new cases. As of Tuesday, …

What Agents Should Know Before Joining an Insurance Agency Network

Today is a great time to be an independent agent, but running an independent agency is not easy. Without an awareness of how the industry is evolving, and having access to ongoing training and education, you may not be adequately …

Cyber Insurance Will Reshape Cybersecurity

Cybersecurity is broken. It’s a bold statement, but given the increasing frequency of cyber breaches, along with the presence of more varied and evolving threats, there is growing uncertainty about the ability of the cybersecurity industry to protect its customers. …

How TRIA Would Handle Another 9/11: I.I.I.

The Insurance Information Institute’s new white paper, “A World Without TRIA: Incalculable Risk,” shows how the market for terrorism insurance has evolved since the 2001 terrorist attacks – from the early days in which there was effectively no market (insurers …

Court Allows Judge Opposed by Drug Firms to Oversee Nationwide Opioid Trial

A federal appeals court on Thursday cleared the way for a landmark trial over the nation’s opioid crisis, rejecting a bid by eight drug retailers and distributors to disqualify the judge, and a request by Ohio and other U.S. states …

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