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GSK, Boehringer Put Profits Over User Safety, Zantac Jury Told
Drugmakers GSK Plc and Boehringer Ingelheim GmbH prioritized profits over consumer safety by hiding the cancer risks of their once-blockbuster heartburn drug Zantac, according to lawyers representing a Chicago woman in the first of thousands of such claims to go … Source: Claims Journal
Read MoreViewpoint: Subrogating Pedestrian Accidents
Claims Journal recently reported on a new Ohio State University study, which examines who is at fault when cars hit pedestrians shows that vehicle/pedestrian accidents occur much more frequently in certain environments than in others. The study showed that pedestrians … Source: Claims Journal
Read MoreInsurer Chubb Prepares to Pay $350M in Baltimore Bridge Collapse
Chubb, the insurer of Baltimore’s Francis Scott Key Bridge that collapsed in March, is preparing to make a $350 million payout to the state of Maryland, the Wall Street Journal reported on Thursday. The payment is expected to be authorized … Source: Claims Journal
Read MoreReport Shows Significant Drop in Opioids in Workers’ Comp
Overall opioid utilization is down nearly 10%, and the use of sustained-release opioids dropped by more than 10%, a new report shows. Authors of the report credit efforts by workers’ comp regulators and professionals to control opioid prescriptions and distribution, … Source: Claims Journal
Read MoreClaimsPro Names Stenberg Executive General Adjuster
ClaimsPro added Jeffrey Stenberg to its Specialty Risk Division as an executive general adjuster in the U.S. Stenberg began his insurance career in 1987 performing boiler and machinery loss prevention surveys and jurisdictional inspections at large commercial properties. He has … Source: Claims Journal
Read MoreThe Difference Between Lost Wages and Lost Income Analyses
Forensic accountants are often retained to evaluate economic damages arising from a multitude of circumstances. These engagements require a set of specialized knowledge unique to the facts of the particular case. In many cases a forensic accountant will be retained … Source: Claims Journal
Read MoreNew York Court Officer Wins 9/11 Workers’ Compensation Benefits on Appeal
On the morning of September 11, 2001, Robert Liotta was at his job as a senior court officer at 100 Centre Street in New York City when not far away terrorists attacked the World Trade Center. Right away, he began … Source: Claims Journal
Read MoreJPMorgan Expects to Pay $100 Million in a Third Surveillance Case
JPMorgan Chase & Co., fresh off settling complaints from two regulators over gaps in its trade-surveillance program, expects to pay an additional $100 million to settle a related inquiry from another watchdog. The firm disclosed the expected agreement in a … Source: Claims Journal
Read MoreUnitedHealth Hack Put Data of One in Three Americans at Risk
UnitedHealth Group Inc. Chief Executive Officer Andrew Witty told lawmakers his company is still trying to determine why its computer systems were left vulnerable to hackers who perpetrated a devastating cyberattack. Lawmakers zeroed in on lax defenses during more than … Source: Claims Journal
Read MoreGrowing Wildfire Risk Leaves States Grappling With How to Keep Property Insurers From Fleeing
Months after a catastrophic fire burned more than 2,200 homes in Hawaii, some property owners are getting more bad news — their property insurance won’t be renewed because their insurance company has deemed the risk too high. It’s a problem … Source: Claims Journal
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