February 6, 2017
Authorities say a fast-moving fire has destroyed most of a luxury apartment complex that was about to open to residents. But it’s not yet clear what caused the fire at the Avalon apartments in Maplewood, N.J. The construction site blaze …
February 6, 2017
Philadelphia Insurance Companies has promoted James Decker from vice president to senior vice president of Underwriting. Decker will continue to oversee the Sports, Recreation, and Public Service Underwriting divisions in his new role. Decker has worked in the insurance industry …
February 6, 2017
A doctor has been indicted on charges accusing him of getting kickbacks on prescriptions of a highly addictive painkiller written for patients who didn’t need the drug. Jerrold Rosenberg, a pain specialist and clinical assistant professor at Brown University, pleaded …
February 6, 2017
Express Scripts Holding Co., the largest pharmacy benefit manager in the United States, said prescription drug spending for its members slowed to less than 4 percent in 2016, at a time when scrutiny of drug price hikes has intensified. Prescription …
February 6, 2017
Beazley is expanding its presence in Canada with the acquisition of the specialist managing general agent, Creechurch Underwriters. The financial terms of the transaction were not disclosed. Since its founding in 1996, Creechurch has built a strong reputation for providing …
February 6, 2017
The costs of motor vehicle safety inspections could go up in Vermont as inspection stations start using a new electronic system. The safety requirements for vehicles will remain the same, but it’s thought some mechanics will raise their fees to …
February 6, 2017
The Blockchain Insurance Industry Initiative B3i, which was launched in October 2016 to explore the potential use of distributed ledger technology, has grown to 15 members from its original five. Members of the B3i initiative are collaborating to explore the …
February 6, 2017
Marsh has launched Marsh CyberShield, an exclusive cyber risk and data breach insurance policy for mid- to large-sized organizations. Available globally to Marsh clients outside of the US, Marsh CyberShield can provide up to £500 million ($624 million) in cover …
February 6, 2017
Fish distributor Deutsche See is suing Volkswagen for misrepresenting a fleet of vehicles it leased as environmentally friendly, becoming the first major German customer to sue Europe’s biggest carmaker over its diesel-test cheating. Volkswagen already faces numerous lawsuits from individual …
February 6, 2017
Only 5 percent of large U.K. companies say their boards include directors with expertise in information technology or cyber security, even though the vast majority identify hacking and other digital threats as serious risks, a report showed. In the event …