Germany to Reform Regulation of Insurers, Banks, Payment Firms on Wirecard Scandal July 27, 2020 By Patrick Donahue German Finance Minister Olaf Scholz intends to unveil a reform of the government’s financial oversight, as the widening scandal over...
South Africa Retailer Steinhoff Offers $1B to Settle Global Accounting Fraud Lawsuits July 27, 2020 South Africa’s Steinhoff has proposed to pay around $1 billion to settle outstanding legal claims following a massive accounting fraud,...
Third Wave of Severe Flooding Expected in China July 27, 2020 By Bloomberg News China warned that the worst of the deluges that have led millions to be evacuated may be yet to come,...
South African Insurer Santam to Pay Virus Relief to Clients with Biz Interruption Cover July 27, 2020 By Roxanne Henderson South Africa’s largest property and casualty insurer will pay as much as one billion rand ($60 million) in relief to...
Kentucky Teen Settles Lawsuit Against Washington Post Over D.C. Encounter July 27, 2020 By Dylan Lovan A Kentucky teen and The Washington Post have settled a lawsuit over the newspaper’s coverage of his encounter with a...
Workers’ Compensation Rates Won’t Be Adjusted for Coronavirus Experience This Year July 27, 2020 By Jim Sams The workers’ compensation line is unlikely to generate a profit this year and may not recover in 2021, an insurance...
Trump Signs Executive Orders to Lower Prescription Drug Prices July 27, 2020 By Jeff Mason, Alexandra Alper and Carl O'Donnell U.S. President Donald Trump on Friday signed four executive orders aimed at lowering the prices Americans pay for prescription drugs,...
Indivior to Pay $600M to Settle Claims of Deceptive Marketing of Opioid Treatment July 27, 2020 By Nate Raymond Indivior Plc has agreed to pay $600 million and have a subsidiary plead guilty to a felony charge to resolve...
Court Affirms Class Action Suit Against State Farm in Kentucky Claim Underpayment Case July 27, 2020 By Jim Sams A federal appellate court has cleared the way for a class-action lawsuit to proceed against State Farm Fire and Casualty...
Hanna Pounds South Texas Coast Already Dealing With COVID Surge July 26, 2020 By Erwin Seba and Brad Brooks Hurricane Hanna pummeled the south Texas coast on Saturday night with howling winds and a surging sea that threatened a...