National News

Judge Tosses Ex-NFL Player’s Lawsuit Alleging Insufficient Benefits Disclosure

Hours before the kickoff of the pro football season, a judge moved to toss out a lawsuit by a former National Football League player who claims the league sends ex-players seeking disability benefits for head injuries through a maze of …

Report Sees ‘Explosive’ Growth for North American Cannabis Market

The cannabis market in North America will be worth $47.3 billion by 2024, a new report shows. The report out this week paints a positive portrait of the cannabis industry in the U.S. and Canada that “is growing at an …

Former Arch Exec Slate to Lead New Great American Accident & Health Division

Great American Insurance Group has launched an Accident & Health Division, the company’s 35th specialty property and casualty business. The new division will build on Great American’s existing array of accident & health insurance coverages, focusing on customized coverages for …

Tesla Autopilot Design, Plus Driver Error, to Blame for 2018 Crash: Safety Board

The National Transportation Safety Board (NTSB) on Wednesday cited driver errors and Tesla Inc.’s Autopilot design as the probable cause of a January 2018 crash of a Model S into a parked fire truck on a highway in California. The …

Walmart Sued by Couple Wounded in El Paso Mass Shooting

A couple wounded in the Aug. 3 mass shooting at a Walmart in El Paso, Texas, has sued the retailer, claiming the store lacked proper security, in what their lawyers called the first lawsuit over the attack. Guillermo and Jessica …

Judge Nixes Antitrust Concerns, Allows CVS Purchase of Aetna

A federal judge reviewing a Justice Department decision to allow U.S. pharmacy chain and benefits manager CVS Health Corp. to merge with health insurer Aetna said on Wednesday that the agreement was in fact legal under antitrust law. Judge Richard …

Sedgwick Completes Purchase of York Risk Services

Insurance and benefits claims firm Sedgwick said it has completed its purchase of York Risk Services Group, which offers claims administration, managed care and loss adjusting services. The acquisition plan was first announced in July. The purchase marks Sedgwick’s third …

Marsh Names Rouse to Lead U.S. Property; Sartain to Lead FINPRO

insurance broker Marsh announced senior leadership appointments within its Property and Financial and Professional Liability (FINPRO) Practices. Michael Rouse has assumed leadership of Marsh’s U.S. Property Practice. He brings 20 years of property insurance experience to the position, most recently …

Marsh’s Ellis Joins AIG to Head Retail Property

American International Group has appointed Duncan Ellis as head of Retail Property, North America General Insurance. The company said Ellis will lead General Insurance’s North American Retail Property business and focus on diversifying the company’s property portfolio and implementing consistent …

AIG’s Su Joins AXA XL as Underwriting Lead for Structured Risk Solutions

AXA XL, the property/casualty and specialty risk division of AXA, has named Austin Su as U.S. Underwriting Lead of its Structured Risk Solutions (SRS) business. Based in New York, Su joins SRS’ growing global alternative risk transfer business and will …

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