CVS Caremark Corp said on Wednesday that it has taken the unusual step of cutting off access to powerful painkillers for more than 36 doctors and other healthcare providers found to prescribe the drugs at an alarmingly high rate. The …
Health-insurance premiums to cover working Americans rose 4 percent this year, less than the previous two years in another sign that the cost of employee benefits for U.S. companies may be slowing. Annual premiums for a person who opts for …
A New Jersey town has cut hours for some part-time employees to avoid providing health insurance under the federal Affordable Care Act. Middletown Township made the adjustment for 25 workers to prevent a $775,000 annual increase in health insurance costs. …
Electronic Arts Inc. won a court ruling that puts on hold claims accusing the company of profiting from using likenesses of college athletes in its video games. The ruling by a federal appeals court in San Francisco will delay the …
Assured Guaranty Ltd. and JPMorgan Chase & Co. agreed to settle lawsuits filed by the bond insurer accusing the bank’s EMC Mortgage and Bear Stearns units of making misrepresentations about mortgage-backed securities. Assured Guaranty Corp., a New York-based unit of …
The National Football League was sued by 10 retired players, including Curley Culp and John Riggins, who claim the NFL unfairly violates their rights of publicity by using their images to sell NFL Films products. Five Hall of Fame players, …
UK-based Xchanging, the business process, procurement and technology services provider, has appointed Kevin Ahern as Fiduciary Lead for its broking services business, XBS. He reports directly to Barry Milchem, XBS Operations Director. Ahern assumes responsibility for “assisting the broking services’ …
UK-based Ascent Underwriting, a Managing General Agent (MGA) specializing in emerging risks, has launched a general liability coverage extension to further enhance the cover provided to small and mid-market business clients [SME’s]. The announcement noted that “businesses operating in all …
Liberty Mutual Insurance, the fifth largest global property and casualty insurer, has announced the appointment of Luiz Francisco Campos as President of Liberty Insurance Singapore. He is moving to the new post from Liberty Mutual’s operation in Brazil. Campos joined …
Insurance Australia Group Ltd., the nation’s biggest car and home insurer, reported full-year net income more than triple a year earlier as claims fell and premiums rose. Net income rose to A$776 million ($697 million) in the year ended June …
