Archive for June 2019

Insys Therapeutics Inc., grappling with the prospect of bankruptcy after its founder was convicted on racketeering charges, agreed to pay $225 million to settle U.S. claims that the drug maker illegally sold opioid-based painkillers. Under terms of the deal, Insys … Source: Claims Journal

Amazon.com Inc. has unveiled a revolutionary new drone — part helicopter and part science-fiction aircraft — that the company expects to use for test deliveries of toothpaste and other household goods starting within months. The new device takes off vertically, … Source: Claims Journal

Walmart Inc. already sells more food than anyone else. Now it wants to put those groceries right in your fridge. Beginning this fall, about 1 million people in Pittsburgh, Kansas City, and Vero Beach, Florida, will be able to get … Source: Claims Journal

House lawmakers demanded records from Boeing Co., one of its suppliers and U.S. aviation regulators on why a cockpit alert that might have helped pilots in two recent fatal 737 Max crashes was installed with a defect that made it … Source: Claims Journal

An Oregon hospital has agreed to pay a settlement to the husband of a woman whose wedding rings disappeared within hours of her death. The Oregonian/OregonLive reported Wednesday that an insurance adjuster for Providence Portland Medical Center has agreed to … Source: Claims Journal

Noh Replaces Myhan as Farmers CFO Farmers Insurance announced the appointment of Thomas Noh as the new chief financial officer of the policyholder-owned Farmers Insurance Exchanges, which consists of Farmers Insurance Exchange, Fire Insurance Exchange and Truck Insurance Exchange. Noh … Source: Claims Journal

CHICAGO — As technology eliminates claims jobs through automation, insurers will need to build new skill sets for the employees who remain, speakers said during the second and final day of the Insurance Nexus Connected Claims Conference. Eric Brandt, managing … Source: Claims Journal

Several West Virginia coal mines, including some owned by the governor’s family, have released many times the allowable amounts of pollutants into nearby waterways in recent years without being penalized by regulators, according to environmental groups citing state data. The … Source: Claims Journal

Maryland’s second-highest court has upheld a $1.3 million judgment against the Steamfitters Union, saying it knew or should have known cigarette butts tossed in mulch could cause a fire that would harm neighbors. The Daily Record of Baltimore reports that … Source: Claims Journal

Michigan Gov. Gretchen Whitmer last week signed a “historic” overhaul of the state’s car insurance system that, beginning in 13 months, will let drivers choose their medical coverage instead of them being required to buy unlimited benefits. Her signature, delivered … Source: Claims Journal