April 8, 2019
Long-time Nationwide Chief Executive Officer Steve Rasmussen plans to retire later in 2019, the company disclosed. Rasmussen’s last official day as CEO will be Oct. 1, 2019, capping more than 10 years leading the Ohio-based insurer. Nationwide noted, however, that …
April 5, 2019
It’s a big question for many people in traffic-dense cities like Los Angeles: When will self-driving cars arrive? But following a series of high-profile accidents in the United States, safety issues could bring the autonomous dream to a screeching halt. …
April 5, 2019
A U.S. prosecutor portrayed Insys Therapeutics Inc. founder John Kapoor and other former executives as greedy and heartless during closing arguments in their racketeering trial over the promotion of the opioid painkiller Subsys. Kapoor and four other ex-Insys managers “exploited” …
April 5, 2019
The family of an American woman killed in the crash of an Ethiopian Airlines 737 MAX filed a lawsuit on Thursday against the airline, Boeing Co. and Rosemount Aerospace Inc., which makes a part of the aircraft that is the …
April 5, 2019
American International Group said Kathleen Zortman will join the company as president and chief executive officer of Private Client Group, General Insurance. In this new role, Zortman will lead AIG’s global high net worth portfolio, with responsibility for strategy, underwriting …
April 5, 2019
There’s a lot of reasons people think 13 is an unlucky number. This year may add another. At least 13 storm systems should reach tropical strength and get a name in 2019, with five becoming hurricanes and two spawning winds …
April 5, 2019
California, Oregon and Minnesota sued President Donald Trump and several top cabinet officials over the administration’s requirement that federal agencies delete two regulations for every one they add. Lodged by three Democratic state attorneys general, the lawsuit asserts that Trump’s …
April 5, 2019
Laws intended to reduce malpractice litigation by protecting doctors who want to apologize don’t work, according to a new Vanderbilt analysis of proprietary insurance data. It turns out people sue for money and an apology doesn’t change that reality. In …
April 4, 2019
Microsoft Corp.’s captive insurer has lost its bid to recover $175 million in costs the software maker said it incurred in 2013 to replace memory chips that a manufacturer failed to deliver because of a fire at the chipmaker’s plant …
April 4, 2019
The frequency and severity of insurance claims in the U.S. renewable energy market have significantly increased over the last five years, meaning insurers and asset owners must reset their benchmark for renewable energy risks, according to an insurer that specializes …