- Long courtship, rocky breakup led to PartnerRe takeover
A proxy statement filed by PartnerRe Ltd. on Tuesday shows the company looked at its options and future as early as 2013, more than a year before the beginning of a takeover drama culminating in the firm’s purchase for $6.
- Expanding insurance brokerage makes Northeast region hires
Beecher Carlson Insurance Services L.L.C. has hired a managing director and a Northeast property practice leader, the Atlanta-based broker announced Wednesday.
- Missouri captive official leaves post
After two years as captive program manager at the Missouri Department of Insurance, Maria Sheffield has left her position and is relocating to Nashville, Tennessee, to work for Caterpillar Financial Services Corp.
- Swim teacher not liable in student's delayed drowning
A high school swim teacher cannot be held liable in the “dry downing death” of a 15-year-old boy, says a federal appeals court in reversing a lower court ruling.
- Kmart pays $1.4 million to settle Medicare inducement charges
(Reuters) — Kmart Corp. has paid $1.4 million to settle allegations that it violated the federal False Claims Act by inducing Medicare beneficiaries to fill prescriptions at its pharmacies, the U.S. Department of Justice said Tuesday.
- Surplus lines insurance sector profitable in 2014
Surplus lines insurers continued to report profitable results in 2014, helped by a combination of product diversification, underwriting discipline and advantageous market conditions, A.M. Best Co. Inc. said in its latest report on the sector.
- Reinsurance sector facing challenges of 'new reality'
The reinsurance market has entered a “new reality,” and underwriting discipline is key to maintaining the sector’s profitability, rating agencies said in reports released Wednesday.
- Uber drivers granted class action status in lawsuit over employment
(Reuters) — Uber drivers are entitled to class action status in litigation over whether they are independent contractors or employees, a U.S. judge ruled on Tuesday, in a case that could have wide implications for the sharing economy.
- Medicare Advantage plans to test value-based insurance design
The CMS Innovation Center unveiled a new demonstration program Tuesday that will allow Medicare Advantage insurers to encourage the use of clinically valuable services by lowering out-of-pocket costs for enrollees.