Uncategorized

WASHINGTON — Iran has increased its offensive cyberattacks against the U.S. government and critical infrastructure as tensions have grown between the two nations, cybersecurity firms say. In recent weeks, hackers believed to be working for the Iranian government have targeted … Source: Claims Journal

The fate of thousands of lawsuits seeking to hold drugmakers responsible for fueling the U.S. opioid epidemic hinges in part on a thorny legal question: Can a company use a bankruptcy to stop lawsuits from cities and states? U.S. Bankruptcy … Source: Claims Journal

Philadelphia Energy Solutions (PES) will seek to permanently shut its oil refinery in the city after a massive fire caused substantial damage to the complex, the mayor confirmed on Tuesday after two sources told Reuters about the plans. A Philadelphia … Source: Claims Journal

The U.S. Justice Department has opened a criminal investigation into allegations that chicken processors, including Tyson Foods Inc., Pilgrim’s Pride Corp. and Sanderson Farms Inc., conspired to fix prices. Prosecutors disclosed the grand jury probe in a court filing Friday … Source: Claims Journal

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