Insurance

Massachusetts Attorney General Maura Healey announced that a pharmacy benefits manager, Health E Systems, LLC, has agreed to pay $275,000 for allegedly failing to follow prescription pricing procedures that are designed to keep costs down and prevent overcharges in the …

Severe turbulence rocked a flight from Phoenix to Honolulu Sunday, seriously injuring 11 people in what an Hawaiian Airlines official called an isolated and unusual event. Jon Snook, the airline’s chief operating officer, said the airline hasn’t experienced “an incident …

New York-based investment firm Altaris said it has agreed to acquire the remaining 53% of stock in Wisconsin-headquartered specialty insurance company Trean Insurance Group, Inc. that it does not already own for $6.15 in cash per share. The transaction will …

A Georgia insurance agent is now on probation after he was convicted of providing fake workers’ compensation coverage certificates while collecting thousands of dollars in premiums. Jeffrey Alan Reichel, 66, of Suwanee, took the unusual approach of selling club memberships …

DILLSBORO, Ind. (AP) – A fire heavily damaged buildings at a southeastern Indiana farmers’ co-operative that provides livestock feed, producing flames visible miles away, officials and witnesses said. Thursday’s fire at the Dillsboro branch of the Laughery Valley Ag Co-Op …

The U.S. Chemical Safety and Hazard Investigation Board (CSB) released its final investigation report on the November 27, 2019, explosions and fires at the TPC Group Port Neches Operations facility Chemical Plant in Port Neches, Texas. The incident occurred when …

Members of the National Association of Insurance Commissioners (NAIC) elected officers for 2023 this week during the closing activities of its Fall 2022 National Meeting in Tampa, FL. Missouri Department of Commerce and Insurance Director Chlora Lindley-Myers was elected President …

The two-year statute of limitations for medical malpractice death claims applies even if the medical records available obscured the legal cause of death, the Pennsylvania Supreme Court ruled last week. In a 3-2 decision, the high court restored a trial …

Sompo International, the Bermuda-based provider of commercial and consumer property and casualty re/insurance, announced that it has completed the transfer of its Endurance at Lloyd’s (EAL) run-off business to RiverStone Holdings Ltd (RiverStone International), after receiving regulatory approval from the …

A storm system that spawned dozens of reported tornadoes from Texas to the Florida Panhandle was all but done with the South last Thursday after killing at least three people and uprooting families across Louisiana, where some homes were blown …