Health insurers and union health plans nationwide should not be allowed to sue Merck & Co. jointly to recover money they paid for Vioxx prescriptions, a lawyer for the drug maker argued this week in opposing a lawsuit potentially worth …
Bruce A. Wollschlager has assumed the roles of president and chief executive officer at the Connecticut Interlocal Risk Management Agency, a program of the Connecticut Conference of Municipalities that provides workers’ compensation and liability, auto and property coverage to a …
France’s Axa Group announced that it has reached an agreement with Kyobo Life to acquire its 75 percent stake in Kyobo Auto, a major South Korean direct automobile insurer. The announcement did not state the purchase price of the acquisition, …
A Tulsa, Okla.-based Christian organization that pools member money to pay medical bills, but says it isn’t an insurance company, is still going to be treated like one, a state official said. Medi-Share, a Christian Care ministry of the mission-driven …
Massachusetts would become the first state in the nation to essentially require all insurers provide prescription drug coverage, under recommendations made Tuesday to the board overseeing the state’s landmark health care law. The recommendations would also make Massachusetts the first …
Argonaut Group, Inc., a specialty underwriter, and PXRE Group Ltd., a Bermuda-based property reinsurer, have agreed to a merger under which the combined entity will do business as Argo Group International Holdings Limited. Argo Group will become the Bermuda holding …
World Trade Center builders rallied with hundreds of construction workers Monday to protest stalled payments by two insurers, saying their failure to pay is jeopardizing ground zero rebuilding. Trade center developer Larry Silverstein, Port Authority of New York and New …
Louisiana officials tried to ease Wall Street worries on Mar. 8 about the state-run insurer of last resort, whose financial records are in disarray and possibly lost for the last year and a half. State Treasurer John Kennedy, Insurance Commissioner …
A California Superior Court judge has thrown out a lawsuit that challenged rules requiring auto insurers to base their rates primarily on drivers’ records instead of where they live, leaving insurance trade groups splintered. On Feb. 15, the judge granted …
Why don’t directors and officers insurers insist on corporate governance reform from their insureds as a precondition of coverage, the way property and workers’ compensation insurers condition their coverage on loss prevention measures? This perennial question is examined in a …
