Industry News
A drug maker is paying $32 million to settle allegations it violated kickback laws by paying Medicare beneficiary co-pays to encourage the buying of its drug, Oxervate. Dompé U.S. Inc., based in California, has agreed to settle the allegations that …
Via: Claims Journal
Edmond de Rothschild Group, the Swiss money manager, says it’s been fielding client inquiries since the summer amid concerns that Europe’s intensifying wildfire season represents a fundamental shift in how to view portfolio risk in the region. “Particularly private banking …
Via: Claims Journal
Zillow Group Inc. lost its bid to force Illinois’ largest provider of real estate listings to provide access to its data about homes for sale. U.S. District Judge John Tharp Jr. in Chicago dissolved a previous order that required Midwest …
Via: Claims Journal
Almost one in ten U.K. workers have used an AI tool that their employer has banned or would disapprove of, according to a survey by Deloitte that highlights the growing tension between employees and their bosses over using the technology. …
Via: Claims Journal
The owner and operator of an unlicensed prize insurance company who for years avoided paying claims, ignored cease and desist orders, and has been convicted of illegal sales and theft has pleaded guilty to fraud. Kevin Kolenda of Norwalk, Connecticut …
Via: Claims Journal
Severe convective storms have moved from secondary peril to primary loss driver. Hail, tornadoes, and straight-line wind events now generate insured losses that rival, and in some years exceed, those from hurricanes and earthquakes. Aon’s 2026 Climate and Catastrophe Insight …
Via: Claims Journal
Ben & Jerry’s former independent chair Anuradha Mittal was “abusive, discriminatory and unprofessional” and fostered a toxic culture before she stepped down from the board earlier this year, according to a legal filing by Magnum Ice Cream Company. In one …
Via: Claims Journal
Agility Robotics Inc. on Tuesday unveiled a new humanoid that is designed to safely work in close proximity to people, a milestone for an industry that typically separates robots from human workers. The latest humanoid from the Salem, Oregon-based company, …
Via: Claims Journal
Glencore Plc accused Radiant World and associated companies of sending falsified invoices to lenders — just as a senior executive at the group of traders said they had filed a $2 billion lawsuit against Glencore. The claims mark the explosive …
Via: Claims Journal
California Gov. Gavin Newsom on Tuesday signed legislation establishing standards for investigating, testing and restoring smoke-damaged homes. Newsom signed Assembly Bill 1795, the Smoke Damage Recovery Act. The bill, authored by Assemblyman Mike Gipson and sponsored by California Insurance Commissioner …
Via: Claims Journal