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BNP Manager Alleged to Have Cut Women’s Bonuses to Give to Men
A BNP Paribas SA manager faces allegations he ordered staff to cut female employees bonuses to boost the pay of male colleagues in London, according to fresh claims by a broker who previously won a landmark case against the French … Source: Claims Journal
Read MoreCourt Upholds Mechanic’s $726M Verdict Against ExxonMobil Over Benzene Exposure
A Philadelphia Court of Common Pleas has upheld a Philadelphia jury’s $725.5 million verdict against ExxonMobil in a case of cancer linked to exposure to benzene, an ingredient in gasoline. The court denied ExxonMobil’s post-trial motions and added more $90 … Source: Claims Journal
Read MoreOracle Settles Suit Over Tracking Data for $115 Million
Tech behemoth Oracle has agreed to settle a class action lawsuit for $115 million over allegations that it tracked consumer activity both on and offline. The suit alleges Oracle captured, compiled, and sold individuals’ data to third parties without their … Source: Claims Journal
Read MoreHurricane Francine Losses Expected to be Manageable for Insurers
Losses from Hurricane Francine are expected to be manageable for property/casualty insurers, with major population centers sparred from the worst of the storm’s damage. Privately insured loss from Hurricane Francine are estimated to be close to $1.5 billion, catastrophe modeler … Source: Claims Journal
Read MoreHawaii Probe Finds No Single Factor Led to Maui Wildfire Losses
No single factor led a fire in the seaside Hawaiian town of Lahaina last year to rage out of control and kill 102 people, according to a state report that assesses the government’s response to the disaster but not its … Source: Claims Journal
Read MoreFormer UPS Driver Wins $238 Million Verdict in Suit Over Firing
A Black UPS driver won a $237.6 million jury verdict in a case in which he alleged he’d been discriminated against and subject to a hostile work environment before being fired. The verdict, rendered Thursday in the US District Court … Source: Claims Journal
Read More23andMe Settles Data Breach Lawsuit for $30 Million
23andMe will pay $30 million and provide three years of security monitoring to settle a lawsuit accusing the genetics testing company of failing to protect the privacy of 6.9 million customers whose personal information was exposed in a data breach … Source: Claims Journal
Read MoreSurvey: People Open to Higher Premiums to Subsidize Higher-Risk Individuals—Sometimes
A surprising percentage of people are open to paying higher insurance premiums to subsidize higher-risk individuals, but only when they believe a risk is outside of a policyholder’s control. A survey of U.S. adults, conducted by think tank RAND, sought … Source: Claims Journal
Read MoreCrawford & Company Names Donnelly Specialty Head
Crawford & Company named Matt Donnelly head of Specialty Loss Adjusting. Donnelly is Crawford Australia’s Head of Global Technical Services, the loss adjusting division focused on large and complex property losses. The change has Donnelly expanding his remit to lead … Source: Claims Journal
Read MoreWalgreens Paying $106.8 Million to Settle Prescription Billing Fraud Charges
Walgreens Boots Alliance agreed to pay $106.8 million to settle charges it fraudulently billed the U.S. government for prescriptions that were never dispensed, the Department of Justice said on Friday. The Justice Department said Walgreens violated the federal False Claims … Source: Claims Journal
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