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 …
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. …
The New Jersey insurance commissioner does not have to rely upon the state’s attorney general to bring a lawsuit against out of state insurers and their affiliates that it believes are violating state laws. Rather, the insurance department can bring …
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. …
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, …
AXIS Capital Holding’s chief executive officer would not comment on reports that the company is looking to sell its reinsurance unit. But a market commentary from Wells Fargo Securities said: “Where there’s smoke, there’s fire.” During a first quarter earnings …
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, …
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 …
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. …
A workers’ compensation insurer must pay $100,000 under an agreement with Vermont state regulators because its claims administrator gave short shrift to claims for post-traumatic stress disorder and other occupational diseases. Acadia Insurance Co. on April 18 reached an agreement …