News Archives - Insurance Journal

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2 05, 2022

Electric Utilities in Pacific Northwest Spending Millions to Lower Wildfire Risk

By | May 2nd, 2022|Uncategorized|Comments Off on Electric Utilities in Pacific Northwest Spending Millions to Lower Wildfire Risk

Private electric utilities in the Pacific Northwest are planning tens of millions of dollars in upgrades to reduce the risk that their power lines could spark wildfires during extreme weather. Utilities such as Pacific Power, Avista, Idaho Power, Portland General …

2 05, 2022

Judges Skeptical as Purdue Seeks Revival of Sackler Liability Shield in Bankruptcy Deal

By | May 2nd, 2022|Uncategorized|Comments Off on Judges Skeptical as Purdue Seeks Revival of Sackler Liability Shield in Bankruptcy Deal

Judges on a U.S. appeals court appeared hesitant on Friday to revive a legal shield that would protect members of the Sackler family who own Purdue Pharma from lawsuits related to the prescription opioid OxyContin, a key to ending the …

2 05, 2022

USC Settles with Men Who Say Campus Doctor Abused Them

By | May 2nd, 2022|Uncategorized|Comments Off on USC Settles with Men Who Say Campus Doctor Abused Them

Kenny Oshita was a first semester law student at the University of Southern California when a visit to a school doctor for a possible sexual disease turned into an invasive procedure that left him feeling violated. He was not alone. …

29 04, 2022

People Moves: AXA Reappoints Buberl as CEO; Gosset-Grainville Named Chair

By | April 29th, 2022|Uncategorized|Comments Off on People Moves: AXA Reappoints Buberl as CEO; Gosset-Grainville Named Chair

Thomas Buberl has been reappointed as AXA’s chief executive officer, while Antoine Gosset-Grainville has been name chairman of the board of directors, succeeding Denis Duverne, who has retired. Burberl first became CEO and a director of AXA in September 2016. …

2 05, 2022

Colorado Jury Awards Nearly $9M in Fertility Fraud Case

By | May 2nd, 2022|Uncategorized|Comments Off on Colorado Jury Awards Nearly $9M in Fertility Fraud Case

A jury has awarded nearly $9 million to three families who accused a Colorado fertility doctor of using his own sperm to inseminate three mothers who requested anonymous donors. The jury found that Dr. Paul B. Jones and his clinic, …

29 04, 2022

Generali’s CEO Donnet Survives Leadership Challenge From Rebel Investors

By | April 29th, 2022|Uncategorized|Comments Off on Generali’s CEO Donnet Survives Leadership Challenge From Rebel Investors

Philippe Donnet kept his job as chief executive of Italian insurer Generali on Friday when he won the backing of shareholders in the face of a challenge from a rebel investor. The company’s board nominees, backed by leading shareholder Mediobanca, …

29 04, 2022

SEC Sues Brazilian Miner Vale Over ‘False and Misleading’ Claims About Safety of Dams

By | April 29th, 2022|Uncategorized|Comments Off on SEC Sues Brazilian Miner Vale Over ‘False and Misleading’ Claims About Safety of Dams

The U.S. Securities and Exchange Commission (SEC) on Thursday sued Brazilian miner Vale for allegedly making false and misleading disclosures about the safety of its dams ahead of a 2019 disaster that killed 270 people. Beginning in 2016, Vale manipulated …

29 04, 2022

McKinsey Chief Says Firm Failed to Identify Opioid Epidemic

By | April 29th, 2022|Uncategorized|Comments Off on McKinsey Chief Says Firm Failed to Identify Opioid Epidemic

The head of McKinsey & Co. acknowledged that it failed to see the opioid epidemic unfolding while simultaneously doing work for drug regulators and makers of painkillers including OxyContin in his first appearance before lawmakers investigating the consulting firm’s actions. …

29 04, 2022

U.S. Solar Industry Warns of Slowdown Due to Supply Chain Disruptions, Tariff Uncertainty

By | April 29th, 2022|Uncategorized|Comments Off on U.S. Solar Industry Warns of Slowdown Due to Supply Chain Disruptions, Tariff Uncertainty

The U.S. solar industry is warning of a big slowdown in project installations this year as global supply chain disruptions and the threat of new U.S. tariffs on panel imports from Southeast Asia hit home. U.S. power company Southern Co. …

2 05, 2022

EEOC Sues Michigan Foods Company Over Alleged Sexual Harassment

By | May 2nd, 2022|Uncategorized|Comments Off on EEOC Sues Michigan Foods Company Over Alleged Sexual Harassment

Eden Foods, Inc., an organic foods company headquartered in Clinton, Michigan that claims to be the premier natural foods company in the Americas, violated federal law by subjecting female employees to repeated sexual harassment, the U.S. Equal Employment Opportunity Commission …