Mark Paccione has been appointed as executive vice president of Commercial Management Solutions (CMS) at Bermuda-based specialty insurers AXIS Insurance. The CMS team specializes in commercial public and private directors and officers, employment practices, fiduciary liability and crime insurance products. …
New York’s insurance regulator has conditionally approved Aetna Inc.’s $37 billion takeover of Humana Inc., one of the last state sign-offs needed for the deal, people familiar with the matter said. The transaction is still under review by U.S. officials. …
After two confirmed U.S. cases of a superbug that thwarts a last-resort antibiotic, infectious disease experts say they expect more cases in coming months because the bacterial gene behind it is likely far more widespread than previously believed. Army scientists …
Munich Re has partnered with insurtech startup Slice Labs Inc. as Slice prepares to launch its first on-demand, per-use insurance product. Slice and Munich Re said they have agreed to an ongoing roll-out of products and territories with Slice supplying …
In the wake of protests in various cities and the police shootings in Dallas, the city of Philadelphia has purchased a law enforcement liability policy in case it or its police officers are sued over their performance of their duties …
The U.S. government agreed to a mine clean-up deal that allows coal producer Alpha Natural Resources to exit bankruptcy, despite concerns that Alpha will be unable to fund $400 million in commitments, a government lawyer told a court on Thursday. …
Adults who host underage drinking parties can be held civilly liable for injuries caused by a drunken guest, Maryland’s highest court ruled unanimously this week in what one lawyer calls a landmark decision. The Court of Appeals ruled in two …
More than 500,000 hoverboards are being recalled after dozens of reports of fires and spewing smoke. There have been 99 reports to the Consumer Product Safety Commission of battery packs that have overheated, exploded or caught fire, the U.S. regulator …
The U.S. Department of Justice has significant concerns about Aetna Inc’s proposed acquisition of health insurer Humana Inc., a source familiar with the situation said on Thursday, sending shares of Humana down as much as 11 percent. Aetna’s purchase of …
The city of Worcester, Massachusetts has agreed to pay $2.1 million to a mother who said police officers coerced her to confess to suffocating her 13-month-old son with a teddy bear. The Telegram & Gazette reported that the city announced …