News
SAN FRANCISCO — More than a thousand Twitter employees and contractors as of earlier this year had access to internal tools that could change user account settings and hand control to others, two former employees said, making it hard to … Source: Claims Journal
Indivior Plc on Friday said it had agreed to pay $600 million and have a subsidiary plead guilty to a criminal charge to resolve U.S. allegations that it engaged in an illegal scheme to boost prescriptions of its opioid addiction … Source: Claims Journal
U.S. insurers and brokers are starting to craft professional liability coverage for police officers, spurred on by signs that policymakers in some cities and states want to use a financial stick to curb police misconduct. They see a potential market … Source: Claims Journal
BASF SE, the world’s biggest chemical maker, and a law firm agreed to pay a combined $72.5 million to resolve claims they hid evidence that certain talc products contained asbestos in an effort to scuttle thousands of lawsuits. Executives of … Source: Claims Journal
The workers’ compensation line is unlikely to generate a profit this year and may not recover in 2021, an insurance industry economist said during a webcast Thursday. Steven N. Weisbart, senior vice president and chief economist for the Insurance Information … Source: Claims Journal
WASHINGTON — The Federal Aviation Administration (FAA) said on Tuesday it plans to issue a proposed airworthiness directive for the Boeing 737 MAX in the “near future” to address changes made since the plane was grounded in March 2019 after … Source: Claims Journal
Property and casualty insurer Travelers Cos Inc reported a second-quarter loss on Thursday, hurt by a sharp increase in catastrophe losses and dismal returns on non-fixed income investments in pandemic-hit financial markets. Travelers reported a net loss of $40 million, … Source: Claims Journal
LAS VEGAS — Unions representing 65,000 Las Vegas-area casino workers have dropped two MGM Resorts International properties from a lawsuit accusing companies of skimping on protective measures and putting employees at risk of illness and death during the coronavirus pandemic. … Source: Claims Journal
IOWA CITY, Iowa — The first confirmed coronavirus outbreak at an Iowa meatpacking plant was far more severe than previously known, with more than twice as many workers becoming infected than the state Department of Public Health told the public, … Source: Claims Journal
SUSANVILLE, Calif. — Firefighters and aircraft worked Tuesday to halt the spread of two forest fires in rural northeastern California as unstable weather brought the risk of gusty winds, thunderstorms and lightning strikes that could start new blazes. The Gold … Source: Claims Journal