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J&J Avoids Risky Opioid Trial With ‘Chump Change’ Ohio Deal
Johnson & Johnson agreed to pay more than $20 million to avoid the first federal trial in which it faced accusations of helping fuel the opioid epidemic by mishandling its painkillers. Under the deal, announced late Tuesday, J&J will pay … Source: Claims Journal
Read MoreWalmart Suspends Sales of Zantac as Tainted-Pill Worries Grow
Walmart Inc. plans to suspend the sale of all over-the-counter versions of Zantac, becoming the latest retailer to take such a step as concern over the presence of cancer-causing contaminants in the stomach drug increases. The world’s largest retailer said … Source: Claims Journal
Read MoreInsurance Innovation will be Shaped by Regulators
It’s no secret: Innovators and regulators often clash. But both are needed to help enable a dynamic, consumer-friendly property/casualty industry in the future, insurance and InsurTech industry experts said recently. “There will be more innovation and empowerment of the consumer, … Source: Claims Journal
Read MoreHow Drones Are Accelerating Digital Transformation in the Insurance Industry
Somewhere in central Michigan, a pickup truck drives into a sleepy suburban neighborhood. An autonomous drone takes flight off the truck’s flatbed and, nearly silently, heads a half-mile east, slowing above a mid-20th century craftsman home that has clearly suffered … Source: Claims Journal
Read MoreState Protects Abusers, Women Harassed in Public Jobs Say
ALBANY, N.Y. — He was accused of calling his female co-workers “whores,” grabbing one woman’s head and forcing it between his legs, threatening another with sexual assault and exposing himself in the office. Now, more than a year after he … Source: Claims Journal
Read MoreBusiness News: Carpe Data, Betterview and Synpulse, Aon Make Announcements
Carpe Data Launches Data Set for Carriers Carpe Data announced the launch of a new commercial data set that it says will help property and casualty insurers better classify and understand risks. “With this launch, we’re delivering brand new data … Source: Claims Journal
Read MoreEagleView Wins $125M Patent Infringement Award, Sales Halt Against Verisk
A New Jersey jury last week ordered insurance data services firm Verisk to pay $125 million to aerial imaging firm EagleView for lost profits linked to Verisk infringing on various EagleView patents. The jury verdict in the U.S. District Court … Source: Claims Journal
Read MoreU.S. Utility That Overcharged $380 Million Wants to Spend It
Dominion Energy Inc., the U.S. utility giant that came under fire for overcharging its customers by almost $380 million, wants to keep the money and spend it on grid upgrades. The Virginia power company proposed using some of the extra … Source: Claims Journal
Read MoreTropical Storm Narda Drenches Mexican Pacific Resorts Before Weakening
MEXICO CITY — Tropical Storm Narda caused heavy rains and some flooding in the resort of Zihuatanejo and other spots along Mexico’s Pacific coast Sunday before weakening into a tropical depression as it moved overland and began drenching Puerto Vallarta … Source: Claims Journal
Read MoreBoeing CEO Sees ‘Endgame’ in Drive to Lift 737 Max Grounding
Boeing Co. is in the “endgame” of preparing its 737 Max to return to the commercial market after two deadly crashes prompted a global grounding more than six months ago, Chief Executive Officer Dennis Muilenburg said in an interview. The … Source: Claims Journal
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