National News

More States Could Settle Opioid Suits in Wake of West Virginia’s McKesson Deal

McKesson Corp.’s settlement of an opioid lawsuit with West Virginia — the state with the highest U.S. rate of drug-overdose deaths — may encourage other states to seek quick cash to cope with the rising societal costs of addiction. West …

Insurance Agency Management System Tech Firm Veruna Raises $6 Million

Veruna, a Massachusetts-based insurance technology developer of an agency management system built on the Salesforce platform, said it completed a $6 million Series A funding round. Founded in 2015, Veruna offers a cloud-based agency management system that targets independent agents. …

FDA Says Risks Do Not Warrant Ban on Breast Implants at This Time

U.S. health authorities will allow a type of breast implant linked to a rare form of cancer to stay on the market, saying its risks do not warrant a national ban. But the Food and Drug Administration said Thursday it …

Petroleum Industry Revises Standard for Reducing Workers’ Fatigue

The American Petroleum Institute issued on Thursday a revised standard aimed at reducing fatigue among workers in the nation’s refineries and chemical plants, the trade group said. The fatigue standard, officially called Recommended Practice (RP) 755, was first issued in …

Sniffing Out Particles, Singling Out Pigs: Food Industry Urged to Embrace Robots, AI

E.coli in beef. Metal shavings in bread crumbs. Contaminated water on vegetables. The food industry has its share of quality control scandals and their insurers have had their share of claims. Some believe food would be a lot safer to …

JLT Re’s Chandler Joins Reinsurance Broker BMS as U.S. Operations President

Reinsurance broker BMS Group has named Pete Chandler as president of its U.S. reinsurance operations. Chandler joins from JLT Re, where he was deputy CEO of the U.S. reinsurance broking arm of the group. He joined JLT Re in 2016 …

Congressional Budget Office Warns of ‘Potentially Disruptive’ Move to ‘Medicare for All’

Congressional budget experts said this week that moving to a government-run health care system like “Medicare for All” could be complicated and potentially disruptive for Americans. The report from the nonpartisan Congressional Budget Office was a high-level look at the …

Think Bold. Grow Your Human Capital: MarshBerry Commentary

Peter Drucker wrote in The Effective Executive, “An organization that just perpetuates today’s level of vision, excellence and accomplishments has lost the capacity to adapt. And since the one and only thing in human affairs is change, it will not …

How Drone Use Becomes More Challenging When Deploying Fleets

Search and rescue crews are already using drones to locate missing hikers. Farmers are flying them over fields to survey crops. Insurers have integrated drones as a part of their disaster recovery efforts. And delivery companies will soon use drones …

Starbucks Recalls 260,000 Coffee Presses Due to Injury Risk

Starbucks Corp. is recalling about 263,000 of its coffee presses, made in partnership with Bodum, after the world’s largest coffee chain received reports of the product breaking and causing deep cuts, the U.S. Consumer Product Safety Commission said on Wednesday. …

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