Industry News
Teva Settles Oklahoma Opioid Marketing Claims Before Trial for $85 Million
Teva Pharmaceutical Industries Ltd. said on Sunday it had agreed to pay an $85 million settlement with the state of Oklahoma days before the company was set to face trial over allegations that it and ...
Executives On The Move at Everest Re and GuideOne Insurance
Everest Re appointed a veteran insurance industry board member and financial executive to its own board of directors. GuideOne Insurance named a new chief underwriting officer.
U.S. Personal Lines Is on an Upswing, Driven by Auto Insurance Gains
U.S. personal lines insurance saw strong premium growth of 8 percent in 2018. What's more, the sector's statutory combined ratio of 99 for 2018 represented the market's best results since 2013, ...
Carlson Named Wells Media Group’s New CEO
Wells Media Group Chairman Mark Wells announced that Josh Carlson has been named CEO of Wells Media Group, Inc., effective immediately. Carlson has served as chief technology officer/chief innovation ...
Brexit Crisis Worsens: May Resigns and Johnson Pursues Party Leadership
Fighting back tears, Theresa May said on Friday she would quit after failing to deliver Brexit, setting up a contest that will install a new British prime minister who could pursue a cleaner break ...
CFC Designs New Broker Platform for Its Cyber Insurance Products
Specialist Insurer CFC is debuting a new broker platform designed to facilitate the sale of its cyber insurance products to small- and medium-sized businesses. The idea is that London, UK-based ...
Positive Progress for the Inland Marine Insurance Segment: A.M. Best
The inland marine insurance segment has grown steadily in the past decade in tandem with increases in construction spending and the transport of goods, with direct premiums written nearly doubling to ...
TPAs Win ‘Bad Faith’ Ban in Iowa; Issue Remains Unsettled Elsewhere
A split decision by the Iowa Supreme Court last week resolves the issue in one state, but the question of whether third-party administrators can be held liable for the tort of bad faith remains ...