Liberty Mutual Holding Co. Inc. and its subsidiaries reported net income of $671 million for the three months ended March 31, 2019, an increase of $23 million or 3.5% over the same period in 2018. Consolidated net income for the …
Insurance broker Aon has appointed Jay Demeusy as U.S. vice chairman of its Reinsurance Solutions business. Alongside his new role, Demeusy will continue to chair the newly formed Global Construction & Inland Marine Practice Group and continue to lead Reinsurance …
The Trump administration on Wednesday said it will require drug makers to disclose the list price of prescription drugs in direct-to-consumer television advertisements, part of the government’s efforts to lower costs for U.S. consumers. The list price would be included …
The Federal Aviation Administration told U.S. airports in a letter released on Wednesday they could not install drone countermeasures without federal consent, warning they could pose an aviation safety risk by interfering with aircraft navigation and air navigation services. The …
From a cramped living room in Brooklyn, New York, a handful of young computer nerds has developed a new way to use technology to help save lives in natural disasters. They have designed tiny electronic nodes inside baseball-sized rubber casings …
Starr Insurance Companies and SkyWatch Ltd. have expanded the SkyWatch.AI drone insurance program to allow drone operators to purchase insurance from Starr through a SkyWatch.AI link, which will be available on select aviation brokers’ websites. According to Jim Anderson, senior …
Ryan Specialty Group has agreed to acquire the assets and operations of Atlantic Specialty Lines, Inc. (ASL), a privately-owned wholesale insurance brokerage headquartered in Richmond, Virginia, with additional locations in Illinois, Florida, Louisiana, New York, Pennsylvania and Texas. The ASL …
Ohio-based national insurer Progressive has joined the ranks of carriers offering small businesses a platform to buy insurance quickly and simply. The insurer’s new online BusinessQuote Explorer (BQX) delivers multiple quotes from other carriers. Currently, BQX offers quotes for business …
Johnson & Johnson agreed to pay about $1 billion to resolve most lawsuits claiming it sold defective metal-on-metal hips that ultimately had to be removed, according to people with knowledge of the matter. With the agreement, J&J has now resolved …
For Uber Technologies Inc., using legal arbitration to deal with driver compensation complaints — over anything from pay to overtime to mileage reimbursement — seemed like the smart play: it would preclude costly class-action litigation, it was private, and few …
