Purdue Pharma LP, maker of the highly addictive Oxycontin painkiller, is pitting state against state with its offer of about $12 billion to resolve the company’s liability for the massive public-health crisis tied to opioid abuse that’s swept the U.S. …
Johnson & Johnson must pay at least $37.2 million to four consumers who blamed asbestos-tainted talc for their cancers in the company’s latest loss in nationwide litigation over its iconic baby powder. A jury in J&J’s hometown of New Brunswick, …
AXA XL is partnering with digital private flood insurance program manager Neptune Flood in a strategic underwriting partnership that will more than double Neptune’s capacity across the country. According to CEO Jim Albert, the new partnership doesn’t change Neptune’s core …
Liberty Mutual Insurance has appointed David Perez to the post of chief underwriting officer, North America, for its Global Risk Solutions commercial and specialty lines insurer and reinsurer. In this new role, Perez will partner with underwriting leaders in GRS’s …
New York and a half dozen other states accused the Securities and Exchange Commission of botching a final regulation intended to protect broker-dealer customers from conflicts of interest under the landmark Dodd-Frank Act passed nearly a decade ago. The new …
Facebook Inc. users suing over the social network’s worst-ever privacy scandal gained leverage to pry into its internal records to back up their claims that it failed to safeguard their personal data, exposing the company to potentially billions of dollars …
A conservative television network has sued MSNBC’s Rachel Maddow for more than $10 million for calling it “paid Russian propaganda.” One America News filed the federal defamation suit in San Diego. The small, family-owned network based in San Diego is …
Federal Emergency Management Agency officials who oversaw the reconstruction of Puerto Rico’s electrical grid and the former president of Cobra Acquisitions were arrested on fraud and conspiracy charges linked to recovery efforts from Hurricane Maria, according to federal prosecutors. FEMA’s …
As co-founder and chief executive officer of the predictive analytics firm Spotted, Janet Comenos knows a lot about famous actors, artists, athletes and celebrity advertising. Her Boston startup matches companies with celebrities for endorsements and advertising. Lately Comenos has been …
Ironshore Environmental introduced IronResponse, a smartphone app that allows risk managers real-time access to claims professionals upon immediate notice of an environmental incident. IronResponse simplifies the reporting of an environmental event and offers additional value-added services and resources to assist …
