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Alabama Drivers Part of National Alcohol, Drug Test

Drivers in St. Clair and Bibb counties who were stopped at roadblocks in the area over last weekend were asked to give anonymous breath, saliva and blood samples as part of a national study, authorities said Monday. Giving samples was …

Walgreen Agrees to Record $80M Settlement Over Distribution of Painkillers

Walgreen Co., the largest U.S. drugstore chain, has agreed to pay $80 million in civil penalties to resolve allegations that it violated federal rules governing the distribution of prescription painkillers. The U.S. Drug Enforcement Administration on Tuesday said the settlement …

Goldman Avoids Damages in Dragon System’s Merger Negligence Claim

Sachs Group Inc.’s missteps advising speech-recognition pioneer Dragon Systems Inc. in a merger weren’t egregious enough under the law to warrant damages, a federal judge ruled. U.S. District Judge Patti B. Saris in Boston let stand a jury verdict for …

Hands-Free Voice Messaging Behind Wheel More Dangerous Than Phoning: Study

Using voice-to-text messaging, included in systems such as Ford Motor Co.’s Sync and Toyota Motor Corp.’s Entune, is more distracting to drivers than making calls with handheld mobile phones, a study by AAA found. Texting a friend verbally while behind …

Best Affirms Gen Re Group’s ‘A++’ Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of General Reinsurance Corporation, headquartered in Stamford, Conn., and its core property/casualty and life reinsurance /insurance subsidiaries operating in the …

Montreal Protocol Shows the Way for Action on Climate Change

A new deal to curb carbon emissions could copy features from the Montreal Protocol, which the United States and China favored over its Kyoto counterpart in an agreement on greenhouse gases at the weekend. The 1987 Montreal agreement bans chemicals …

UK MGA Nexus Group Concludes Financial Lines Coverage Pact with PartnerRe

Nexus Group, a London-based Specialty MGA, has announced a transaction with reinsurer PartnerRe, which covers the current core financial lines underwritten by Nexus for a term of up to five years. Colin Thompson, CEO of Nexus Group said: “This partnership …

Floods Could Cost Germany $16 Billion in Economic Damage Warns Fitch

Floods that have devastated parts of southern and eastern Germany could briefly impede growth in Europe’s biggest economy, an industry body said, while ratings agency Fitch said the economic cost could be as high as €12 billion [app. $16 billion]. …

Airmic, Willis Terrorism Review Explores Global Insurance Schemes

“Several of the world’s long-established terrorism insurance schemes were set up to deal with a different terrorism threat than is predominant today,” according to a new technical guide produced by Airmic, the UK risk management association, in collaboration with Willis …

ACE Launches CPL Coverage for Healthcare Industry Construction Projects

ACE USA, the U.S.-based retail operations of the ACE Group, has introduced a new contractors pollution liability (CPL) owner-controlled insurance program (OCIP) for the healthcare industry. This new policy can be used to offer contractors pollution liability coverage for both …

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