Insurance
Costa Rica Weighs Raising $2.7 Billion via Sale of State-Owned Insurer, Banks’ Assets
Costa Rica’s President Rodrigo Chaves said on Tuesday he plans to present a bill to sell state-owned banks Banco de Costa Rica and Banco Internacional de Costa Rica, as well as 49% of the state-owned INS insurance company to reduce …
Read More Front Runner to Be Next UK PM Wants to Review Financial Watchdogs’ Roles: Source
Liz Truss, the front-runner to become Britain’s next prime minister, wants to examine the roles of the country’s three financial regulators as part of a review, a source close to her leadership campaign said on Thursday. Provided she wins the …
Read More UK Water Supplier Hit by Cyber Attack, Highlighting Critical Infrastructure Vulnerabilities
A company that supplies water to more than 1.5 million people in the UK disclosed it was hit by a cyber attack in an incident security experts said highlighted potentially dangerous vulnerabilities in the country’s critical infrastructure. South Staffordshire Plc …
Read More Walmart, CVS, Walgreens Ordered to Pay $650 Million Over Ohio Opioid Sales
Walmart Inc., CVS Health Corp. and Walgreens Boots Alliance Inc. were ordered to pay a total of $650 million over their failure to properly monitor opioid prescriptions in Ohio, in the drug industry’s latest setback in the sprawling litigation over …
Read More First Zantac Case Dropped Before Trial After Some Payouts
A lawsuit against makers of Zantac was dropped this week just ahead of trial, people familiar with the matter said, after a series of settlements with some of the drugmakers involved. Generic drugmakers Teva Pharmaceutical Industries Ltd., Perrigo Co., Sun …
Read More Endo Files for Bankruptcy as U.S. Opioid Litigation Drags
Endo International Plc filed for bankruptcy on Tuesday after reaching a $6 billion deal with some of its creditors, as the U.S. drugmaker seeks to settle thousands of lawsuits over its alleged role in the country’s opioid epidemic. The pharmaceutical …
Read More Maryland Family Sues Police Over Fatal Shooting at Maryland home
The family of a Maryland man fatally shot by a police officer filed a federal civil right lawsuit Monday against the department and individual officers. Dyonta Quarles Jr. was shot Jan. 30 when Anne Arundel County officers responded to his …
Read More Takeaways from Our Conversation on Economic Headwinds, Cannabis Glut
Inflation and a superheated job market may be the nation’s prevailing economic concerns, but a big concern in cannabis today is a product glut in long-legal states. States like Colorado, where the price of flower is down over 40%, has …
Read More People Moves: California Commissioner Names COIN Appointees; Alliant Adds Kaufman
California Insurance Commissioner Ricardo Lara recently announced reappointments to the California Organized Investment Network Advisory Board and the California Automobile Assigned Risk Plan Advisory Committee. They include: Ophir Bruck, senior director and ESG specialist at S&P Global Sustainable1: COIN representative …
Read More Lawyer Loses Defamation Claim Against Citizen Who Criticized His Suit Over Mascot
Delaware’s Supreme Court on Tuesday upheld the dismissal of a defamation lawsuit filed by a Delaware attorney who was forced to resign from his law firm after defending a Pennsylvania high school’s American Indian mascot. Scott Cousins, a Pennsylvania resident …
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