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 …
A U.S. judge has slashed a $500 million verdict against Johnson & Johnson and its DePuy unit over allegedly defective metal-on-metal Pinnacle hip implants to approximately $151 million. On Tuesday, U.S. District Judge Ed Kinkeade in the Northern District of …
New York state’s top financial regulator, Maria Vullo, agreed to adopt new industry-supported reserve requirements for life insurers, departing from a predecessor who derided the shift as ” unwise.” The move aligns the state watchdog with the National Association of …
National insurance distribution firm Confie has acquired two insurance brokerages in New York State – Lloyd D. Sprague & Son Inc. and J.N. Mason Agency Inc. Confie, a portfolio company of ABRY Partner, has completed 11 acquisitions thus far in 2016. …
Insurance companies that deliver a great customer experience are rewarded over the long-term by both consumers and investors, according to a new consulting study. The analysis by Watermark Consulting claims that insurers with a great customer experience far outperform the …
-The National Highway Traffic Safety Administration (NHTSA) is investigating a July 1 crash in Pennsylvania of a Tesla Model X to determine whether automated functions were in use at the time of the accident, the agency said on Wednesday. NHTSA …
U.S., European and Chinese regulators say they will jointly enforce product safety in online commerce, and an American official said they are making progress on crafting standards for hoverboards. The statement last week by American, European Union and Chinese officials …
Getting caught by police in Rhode Island for forgetting to carry a driver’s license will no longer lead to criminal charges the first time it happens. Legislation signed into law by Democratic Gov. Gina Raimondo last month has taken effect. …
CNA announced the appointment of Barbara Sandelands as senior vice president, Commercial Underwriting Services. In this newly created role, she is responsible for driving the overall strategic direction and general management of underwriting services. Sandelands reports to Julie Stephenson, Commercial …