Insurance
Odey Resigns From Lloyd’s Investment Fund Amid Sexual Harassment Scandal
Crispin Odey has stepped back from an investment fund focused on the Lloyd’s of London insurance market in a sign of the fallout from sexual harassment allegations against the hedge fund founder spreading to his other holdings. Odey, 64, resigned …
Read More Security Firm: Chinese Hackers Broke Into Email Security Appliance in Spying Campaign
Suspected state-backed Chinese hackers used a security hole in a popular email security appliance to break into the networks of hundreds of public and private sector organizations globally, nearly a third of them government agencies including foreign ministries, the cybersecurity …
Read More 3 Dead, Dozens Injured in Texas Panhandle Tornado
At least three people died and dozens more injured when a tornado struck the Texas Panhandle town of Perryton on June 15. The National Weather Services in Amarillo said the tornado hit at 5:10 p.m. CT. Perryton, a town of …
Read More A $1.7 Billion Opioid Settlement Is at Risk of Falling Apart
A major US opioid settlement is on the verge of unraveling. Mallinckrodt Plc, the drugmaker that first began producing morphine and codeine in 1898, owes states, hospitals, tribes, individuals and others hurt by the opioid crisis $200 million by the …
Read More New Zealand’s Smartpay Hit With Ransomware in Latest Antipodean Cyber Attack
New Zealand-based payments solutions provider Smartpay Holdings said on Friday that it faced a ransomware attack last week, becoming the latest victim in a slew of cyberattacks taking place in the region and in Australia since last year. The company …
Read More Two Florida Pharmacies to Pay $7.4 Million to Resolve False Claims Act Allegations
Jacksonville’s Smart Pharmacy, Inc., SP2, LLC, and owner Gregory Balotin have agreed to pay at least $7.4 million to resolve lawsuits filed in Jacksonville, Florida, alleging they violated the False Claims Act by adding the antipsychotic drug aripiprazole to topical …
Read More Parents of Girl Who Drowned at Missouri Water Park File Lawsuit
KANSAS CITY, Mo. (AP) – The parents of a 6-year-old girl who drowned at a popular Kansas City water park last year allege in a lawsuit that the park repeatedly hires young, inexperienced lifeguards and does not adequately train them. …
Read More US Insurers Hit Hardest by Inflation: Triple-I Study
US insurers have paid more than their counterparts worldwide to repair and rebuild damaged properties and vehicles due to inflation since 2018, according to an executive briefing conducted on behalf of the International Insurance Society (IIS). Inflation and Insurance Replacement …
Read More US Agencies Hit in MOVEit Hacking Campaign as Victim List Grows
Multiple US agencies were compromised by a hacking campaign in which attackers have exploited flaws in a popular software tool to gather information from a range of victims. The US Cybersecurity and Infrastructure Security Agency, a unit of the Department …
Read More Commuter Train Collision with Truck in Connecticut Seriously Injures Pickup Driver
A commuter train collided with a pickup truck in Connecticut on Wednesday, injuring the driver and heavily damaging the vehicle, authorities said. The crash happened just before 11:30 a.m. at a Metro-North Railroad street crossing in Norwalk that has warning …
Read More