U.S. states filed a lawsuit accusing Teva Pharmaceuticals USA Inc. of orchestrating a sweeping scheme with 19 other drug companies to inflate drug prices – sometimes by more than 1,000% – and stifle competition for generic drugs, state prosecutors said …
The House on Friday passed a $19 billion disaster aid bill that would deliver long-sought relief to farmers, victims of hurricanes and floods, and rebuild southern military bases, as Democrats try to dislodge the legislation from a Senate logjam over …
Cyber risks will soon become bigger risks than natural catastrophes for the insurance sector, Scor Chairman and Chief Executive Officer Denis Kessler said, recommending the industry build a comprehensive, common global scale to assess cyber-related incidents. “I dream of a …
Venture Insurance Programs, a national insurance program administrator, has formed a new carrier partnership with Allianz Group’s specialist corporate insurer, Allianz Global Corporate & Specialty (AGCS) for the golf and country club accounts of its flagship PREFERRED CLUB program. PREFERRED …
Jardine Lloyd Thompson Specialty Insurance Service (JLT), which became a subsidiary of Marsh & McLennan on April 1, is suing a competitor insurance brokerage for allegedly poaching 13 former JLT employees. JLT is also separately suing four of the 13 …
The Massachusetts Institute of Technology (MIT) and Liberty Mutual Insurance announced a $25 million, five-year collaboration to support artificial intelligence (AI) research in computer vision, computer language understanding, data privacy and security, and risk-aware decision making, among other topics. The …
Johnson & Johnson failed to get 2,400 state-court cancer lawsuits tied to its baby powder immediately transferred to a federal court in Delaware, where it could forge a single defense strategy. U.S. District Judge Maryellen Noreika in Wilmington dismissed J&J’s …
The first major self-driving taxi service needed six months to reach 1,000 customers, another sign that growth may be slow as companies try to build businesses around autonomous vehicles. Waymo, the self-driving project owned by Alphabet Inc., announced on Tuesday …
Insurtech investors worldwide executed the highest number of transactions, the highest number of property/casualty transactions, and the highest volume of Series B and Series C funding rounds during the first three months of 2019, according to the new Quarterly InsurTech …
With plane crashes making headlines recently, one in Florida with no fatalities and another in Russia that killed dozens, travelers might question whether flying has become less safe. Aviation experts regard the recent incidents as a statistical blip, however, pointing …
