Archive for June 2019

Harvard University is committing more capital to a strategy that backs plaintiffs in commercial disputes, delivering robust uncorrelated returns. The strategy is run by IMF Bentham Ltd., a publicly traded company which last week finished raising $500 million for a … Source: Claims Journal

A judge backed a push by U.S. cities and counties suing opioid makers such as Purdue Pharma LP and Johnson & Johnson to negotiate a settlement as a group but put off until August a final decision on the request. … Source: Claims Journal

HONOLULU — The National Transportation Safety Board on Monday called on the Federal Aviation Administration to tighten its regulations governing parachute operations after a skydiving plane in Hawaii crashed and killed all 11 people on board. The NTSB recommended to … Source: Claims Journal

After securing $87 million from investors in three funding rounds, the insurtech startup Hover is hitting its stride in the customer-acquisition phase. The San Francisco-based firm this month announced deals with two independent adjusting companies. Executive Vice President Kevin Reilley … Source: Claims Journal

WELCH, West Virginia — The opioid epidemic that has so far killed half a million Americans is routinely blamed on greedy drug makers, feckless doctors and lax regulators. But there’s another group that has contributed to the depth and duration … Source: Claims Journal

Lloyd’s of London has suspended a senior broker at Guy Carpenter & Co. for sending colleagues a sexually suggestive email about a female employee and is planning to take similar action against a second person who forwarded the message outside … Source: Claims Journal

The results of a six-year study by Georgetown University Medical Center revealed just how fast U.S. nursing home prices have been increasing all across America. And the future looks just as grim. Dr. Sean Huang, the study’s lead author, said … Source: Claims Journal

The billionaire owners of Purdue Pharma LP must face a New York lawsuit claiming they triggered the U.S. opioid epidemic, a judge ruled, handing an early victory to states and local governments seeking to recoup billions of dollars in social … Source: Claims Journal

It may be safe for a bird to land on a wire, but not on two of them at once. The June 5 blaze at a California solar farm that scorched 1,127 acres started when a bird flew into a … Source: Claims Journal

Despite a 28% reduction in auto thefts over a two-year period, the Albuquerque, New Mexico area still had the nation’s highest vehicle theft rate in 2018, the National Insurance Crime Bureau said a report released today. The Anchorage, Alaska metropolitan … Source: Claims Journal