National News

NFL Hands Off $35 Million to Concussion Researchers

The National Football League is awarding more than $35 million in funding to five organizations conducting research into diagnosis and treatment of brain injuries. Through its Scientific Advisory Board established as part of its “Play Smart. Play Safe” initiative, the …

Judge Picks First Case for Trial in Federal Monsanto Weedkiller Litigation

A U.S. judge overseeing the federal litigation against Bayer AG’s Monsanto unit over glyphosate-based weed-killers allegedly causing cancer on Tuesday selected the first case to be tried in federal court in February 2019. U.S. District Judge Vince Chaabria in San …

Beach Town Developers Now Believe in Stronger Building Codes, Construction

Developer Jeff Lamkin knew the risks when he paid $250 million for 63 acres of an island off the Texas coast. But he saw only upside in the quaint little beach town of Port Aransas. Over the next 10 years …

Santander Bank to Pay $11.8 Million to Settle Auto Loan, Insurance Claims

Santander Consumer USA Holdings Inc., a leading subprime auto lender, will pay $11.8 million to settle claims that it misled customers about the cost and terms of auto loans and insurance, a U.S. consumer watchdog said on Tuesday. Santander Consumer, …

Gallagher Affinity Launches Online Cyber Suite for Small, Midsize Federal Contractors

Gallagher Affinity and Secure CyberID, a provider of cybersecurity services, have launched an online, discounted suite of cybersecurity products for small to mid-sized companies under contract with the federal government. The 360 Coverage Pros portal is designed to meet the …

A.M. Best Assesses Wildfires’ Effect on Home Insurance Market, Insurers’ PG&E Exposure

Roughly one-in-10 insurers have exposures to PG&E bonds, which could potentially used to payout on losses from the California wildfires, according to ratings agency A.M. Best. It was recently determined that a second power line of PG&E Corp. failed the …

Ironshore’s O’Brien Joins Ascot U.S. to Launch Environmental Business

Ascot has named environmental insurance veteran John O’Brien as executive vice president and head of Environmental. O’Brien will be responsible for launching an environmental liabilities and related specialty product business unit accessing both the admitted and excess and surplus capabilities …

CVS Acquisition of Aetna Expected to Close After Thanksgiving

CVS Health Corp. said on Tuesday that it expects to close its $69 billion purchase of health insurer Aetna Inc. after the Thanksgiving holiday. The pharmacy chain and benefits manager had previously expected the transaction to close by Nov. 22. …

U.S. Court Affirms Dismissal of IPO Investors’ Claims Against Barclays

Barclays Plc is not liable to investors who bought its U.S.-listed stock a few months before the 2008 financial crisis and accused the British bank of hiding its risky debt exposure and a capital shortfall, a U.S. court ruled on …

Lowell Joins The Hartford to Head Small Business Innovation Lab

The Hartford has appointed Christopher Lowell to lead its Small Business Innovation Lab, which will design and test new products and business models to meet the needs of The Hartford’s small business customers. “The lab is part of the company’s …

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