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Category: Insurance Journal

Drugmaker Endo Reaches $465M Bankruptcy Settlement With US
Insurance Journal | March 1, 2024
Drugmaker Endo Reaches $465M Bankruptcy Settlement With US
Bankrupt drugmaker Endo International will pay up to $465 million to settle the federal government’s law enforcement, tax, and healthcare cost claims, the U.S. Department of Justice said on Thursday. The settlement removes Endo’s largest obstacle to completing its plan …
UnitedHealth Says ‘Blackcat’ Group Behind Recent Hack
Insurance Journal | March 1, 2024
UnitedHealth Says ‘Blackcat’ Group Behind Recent Hack
UnitedHealth Group said on Thursday the recent cyberattack at its tech unit, Change Healthcare, was perpetrated by hackers who identified themselves as the “Blackcat” ransomware group. The statement confirms a Reuters report on Monday. UnitedHealth had initially blamed a “suspected …
Sierra Club Testing Finds High Levels of ‘Forever’ Chemicals in Water in NE Tennessee
Insurance Journal | March 1, 2024
Sierra Club Testing Finds High Levels of ‘Forever’ Chemicals in Water in NE Tennessee
High levels of “forever chemicals,” including poly-fluoroalkyl, or PFAS compounds, have been found in northeastern Tennessee rivers and drinking water supplies, likely from wastewater sludge that is spread on farms as fertilizer, the Sierra Club’s Tennessee Chapter said in a …
Maryland Expects $238M From Opioid Makers and Pharmacies
Insurance Journal | March 1, 2024
Maryland Expects $238M From Opioid Makers and Pharmacies
Maryland Attorney General Anthony G. Brown reported that his Opioids Enforcement Unit has finalized settlements with Teva, Allergan, Walmart, and Walgreens, after multi-year investigations of these opioids-makers’ or chain pharmacies’ involvement in the opioid crisis in the state. The settlements …
People Moves: Braverman and Bill join Lockton Lawyers Professional Liability Practice
Insurance Journal | February 29, 2024
People Moves: Braverman and Bill join Lockton Lawyers Professional Liability Practice
Lockton, headquartered in the Kansas City metropolitan area, named Eric Braverman and Eric Bill to its lawyers professional liability practice. Both are based in Chicago. Braverman joins as senior vice president, professional services practice leader. He brings 20 years of …
Insurers Offer Tips for Residents to Navigate Texas Wildfires
Insurance Journal | February 29, 2024
Insurers Offer Tips for Residents to Navigate Texas Wildfires
The Smokehouse Creek Fire has grown to more than 1 million acres in the Texas Panhandle, making it the second-largest wildfire in state history. The fire is 3% contained as of Thursday morning according to officials with the Texas A&M …
RT Specialty Adds Cyber Liability to its Proprietary Digital Platform
Insurance Journal | February 29, 2024
RT Specialty Adds Cyber Liability to its Proprietary Digital Platform
RT Specialty, the wholesale distribution division of Ryan Specialty (NYSE: RYAN), a leading international specialty insurance firm, announced addition of Cyber Liability to its proprietary digital platform, RT Connector. RT Connector allows retail insurance agents to access multiple lines of …
People Moves: Fusion Specialty Appoints Harwood for APAC M&A Team; Specialty MGA Nirvana Hires García-Beltrán to Grow European Cyber SME Portfolio
Insurance Journal | February 29, 2024
People Moves: Fusion Specialty Appoints Harwood for APAC M&A Team; Specialty MGA Nirvana Hires García-Beltrán to Grow European Cyber SME Portfolio
This edition of International People Moves details appointments at the managing general agents Fusion Specialty and Nirvana. A summary of these new hires follows here. Fusion Specialty Appoints Harwood for M&A in Asia Pacific Fusion Specialty, a Sydney-based MGA platform …
California Hillsides Are at Risk of Floods After Days of Downpours
Insurance Journal | February 20, 2024
California Hillsides Are at Risk of Floods After Days of Downpours
The latest in a series of robust storms is drenching California again with rain and snow, prompting officials to warn residents to stay on high alert for floods as weakened terrain gets further tested. Some hillside communities — including affluent …
New Concerns About NC State University Building Found to Have PCBs
Insurance Journal | February 20, 2024
New Concerns About NC State University Building Found to Have PCBs
Concerns and controversy have continued to mount over the presence of toxic chemicals, including cancer-linked polychlorinated biphenyls, or PCBs, found in a building at North Carolina State University. The Raleigh News & Observer, Forbes magazine and other news outlets have …