News Archives - Insurance Journal

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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 …

29 04, 2022

Musk Loses Bid to End SEC Agreement on Oversight of Tesla Tweets

By | April 29th, 2022|Uncategorized|Comments Off on Musk Loses Bid to End SEC Agreement on Oversight of Tesla Tweets

A U.S. judge slammed Elon Musk for trying to escape a settlement with regulators requiring oversight of his Tesla Inc. tweets, saying the billionaire was “bemoaning” the 2018 deal now that he felt Tesla was “invincible.” The April 27 ruling …

2 05, 2022

New Orleans Paying to Move Tenants From Neglected Apartments

By | May 2nd, 2022|Uncategorized|Comments Off on New Orleans Paying to Move Tenants From Neglected Apartments

New Orleans is paying to relocate all remaining residents of a bankrupt apartment complex where people said a landlord’s neglect forced them into unsanitary living conditions with rampant mold, rodents and a broken pipe that spewed raw sewage. The rare …

29 04, 2022

Purdue Pharma Squares Off With DOJ Over $6 Billion OxyContin Deal

By | April 29th, 2022|Uncategorized|Comments Off on Purdue Pharma Squares Off With DOJ Over $6 Billion OxyContin Deal

A $6 billion deal hangs in the balance as OxyContin maker Purdue Pharma LP and its wealthy owners square off against the U.S. Justice Department over the firm’s opioid lawsuit settlement. The sides will meet in a New York courtroom …

2 05, 2022

Kentucky Becomes 21st State to Adopt Model Cyber Security Law for Insurers

By | May 2nd, 2022|Uncategorized|Comments Off on Kentucky Becomes 21st State to Adopt Model Cyber Security Law for Insurers

Kentucky has become the 21st state to adopt a data security law that will require insurers and larger agencies to beef up measures designed to help prevent cyber attacks and data breaches. Gov. Andy Beshear in April signed House Bill …