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Insurance News

  • Fujifilm exec: Mass. biotech investment office will help 'guard against disruption'
    by Allison DeAngelis on June 18, 2019 at 4:26 pm

    With its new Kendall Square investment office focused on life sciences, Fujifilm hopes to expand its reach into drug delivery, cell manufacturing, in vitro diagnostics and other fields. […]

  • GrowHealthy opens its first medical marijuana dispensary in Orlando
    by Ryan Lynch on June 18, 2019 at 4:18 pm

    The firm will open a Daytona Beach location next week. […]

  • Boasting Buffalo: "Unmatched opportunity"
    by Tracey Drury on June 18, 2019 at 4:17 pm

    This spring, Dr. Linda Harris played a major role in a Women’s Vascular Summit hosted by the Jacobs School of Medicine and Biomedical Sciences at the University at Buffalo. […]

  • Roswell Park partners with biotech firm to develop immunotherapy treatment
    by Tracey Drury on June 18, 2019 at 4:17 pm

    Roswell Park Comprehensive Cancer Center is partnering with a San Diego firm to develop a new way to see and treat cancer tumors. Researchers are working with OncoSec Medical Inc. (NASDAQ: ONCS) to develop a system to for using intravital microscopy, a way of visualizing cells in and around tumors at super magnification during surgery or immunotherapy. The work is led by Dr. Joseph Skitzki, a surgical oncologist and chair of Roswell Park’s melanoma/sarcoma disease site research group. Skitzk […]

  • Top WellCare execs will earn millions in Centene cash and stock
    by Crystal Owens on June 18, 2019 at 3:58 pm

    The CEO and CFO of WellCare have been named executive vice presidents of Centene. […]

  • Pot could outpace the NFL in revenue soon
    by Greg Edwards on June 18, 2019 at 3:49 pm

    Revenue from legal medical and recreational marijuana could exceed that of the National Football League as early as by 2020, according to one estimate. Total legal marijuana revenue in the U.S. was estimated at $8.6 billion to $10 billion in 2018. That is approaching Taco Bell’s revenue of $10.8 billion and could surpass the NFL’s $15 billion by 2020, according to a report by Marijuana Business Daily. Eleven states and Washington, D.C., have legalized marijuana for adult recreational use, […]

  • Publicly traded San Diego firm moving HQ to Tennessee
    by Joel Stinnett on June 18, 2019 at 3:13 pm

    A publicly traded health care company is relocating from the West Coast to Nashville — but it won’t be the typical Middle Tennessee health care firm. San Diego-based pharmaceutical company Harrow Health Inc. is moving its headquarters to Music City by the end of 2019, according to a news release from the Tennessee Department of Economic and Community Development. The headquarters will house the company’s executive team. Harrow will invest more than $500,000 in the move and expects to employ […]

  • VirtualHealth raises VC, valuation spikes 250%
    by Anthony Noto on June 18, 2019 at 3:07 pm

    “We are honored that Edison Partners remains a committed capital partner," CEO Adam Sabloff says. […]

  • BayCare Health Plans announces new president
    by Graham Colton on June 18, 2019 at 3:05 pm

    BayCare is taking care of itself. The Clearwater-based health care system has announced that Larry J. Costello is the new president of BayCare Health Plans. In his new role, Costello will serve as the head of operations and strategic leader. He will also focus on financial objectives, compliance, operations, sales and business leadership development. “His experience and leadership in the insurance business will help move forward our vision for the Medicare Advantage products,” said Tommy […]

  • Triad firm partners with New York-based health system on AI
    by John Joyce on June 18, 2019 at 3:02 pm

    LabCorp Inc., the Burlington-based global life sciences giant, is teaming up with New York City’s largest health system, Mount Sinai, to establish digital and AI-enabled pathology center of excellence.  LabCorp (NYSE: LH) first implemented Philips IntelliSite Pathology Solution artificial intelligence technology in four of its own laboratories and plans to introduce it to others. It will now assist Mount Sinai in the integration of the same technology into its clinical practice at its hospitals.  “LabCor […]

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News – Insurance Journal Insurance Journal delivers the latest business news for the Property/Casualty insurance industry

  • Weather Service: 9 Confirmed Tornadoes Hit Central Indiana over Weekend
    on June 18, 2019 at 7:33 pm

    The National Weather Service says at least nine tornadoes struck Indiana, damaging a school and other buildings and downing trees. It says three EF2 tornadoes with winds up to 130 mph (210 kph) struck Greene, Monroe and Rush counties during […]

  • Chubb to Partner with National Association of Women Business Owners
    on June 18, 2019 at 4:57 pm

    The National Association of Women Business Owners (NAWBO) has partnered with Chubb to provide NAWBO members with small business insurance resources, including education, insurance products and services generally reserved for global corporations, including Chubb’s Cyber Enterprise Risk Management policy. According […]

  • 4 Arkansas Counties Cleared to Get Disaster Assistance
    on June 18, 2019 at 4:43 pm

    The Federal Emergency Management Agency says four more counties in Arkansas have been approved for disaster assistance as a result of damage from storms and flooding that began May 21. Heavy rains produced record flooding in the state, especially along […]

  • Rain Leaves Midwest Veggie Farmers Struggling With No Aid on Horizon
    by Scott McFetridge on June 18, 2019 at 4:41 pm

    Like farmers throughout the Midwest, this spring’s torrential rains turned Andrew Dunham’s land into sticky muck that set him back nearly a month in planting his crops. Unlike other farmers, though, Dunham won’t get a piece of a $16 billion […]

  • State of the Cyber Insurance Market— Top Trends, Insurers and Challenges: A.M. Best
    on June 18, 2019 at 3:28 pm

    The cyber insurance market continues to grow and underwriting performance in this line remains strong, according to a new industry report. Direct premiums written for both standalone and packaged cyber policies grew about 10 percent in 2018 from $1.8 billion […]

  • $10M Claim Says Police in Arizona Violated Family’s Rights
    by Jacques Billeaud on June 18, 2019 at 3:08 pm

    A $10 million legal claim was filed against the city of Phoenix that says police officers committed civil rights violations by pointing guns and profanely yelling commands at the father and pregnant mother of two young daughters because one of […]

  • Hub International Acquires Foster & Parker Insurance Agency in California
    on June 18, 2019 at 3:06 pm

    Hub International Ltd. has acquired Foster & Parker Insurance Agency Inc. Terms of the deal were not disclosed. Steve Barsotti, president of Foster & Parker Insurance, and the staff will join Hub California. Foster & Parker Insurance is an independent […]

  • Stringent Climate Policy Poised to Pass in Oregon
    by Sarah Zimmerman on June 18, 2019 at 2:58 pm

    Oregon is on the precipice of becoming the second state after California to adopt a cap-and-trade program, a market-based approach to lowering the greenhouse gas emissions behind global warming. Supporters call it the United States’ most progressive climate policy, saying […]

  • Cal/OSHA Cites Solar Panel Installer $193K for Willful Fall Protection Violation
    on June 18, 2019 at 2:49 pm

    Cal/OSHA has cited an Anaheim, Calif. solar panel installation company $193,905 for multiple serious workplace safety hazards including one willful serious accident-related violation, following an investigation of a worker who was seriously injured after they fell from the roof of […]

  • Professional Insurance Agents of New Jersey Elects Blum President
    on June 18, 2019 at 1:31 pm

    Professional Insurance Agents of New Jersey (PIANJ) has elected Bruce Blum of Somerset, N.J., president at the association’s annual business meeting at Harrah’s in Atlantic City. Blum is owner of Blum & Walsh Group Inc., a division of T.E. Freuler […]