Monthly Archives: <span>June 2019</span>

A Ponzi Scheme, a Retiree and a Revolt Against OppenheimerFunds

Donald Dwyer left statehouse politics for retirement in Clearwater, Florida, at the Grand Venezia, a 336-unit condominium complex with a pool, tennis courts and ill-fated ambitions to bring a touch of Italian luxury to the Gulf Coast. But the former …

Regulators Give Phone Companies New Tools to Fight Robocalls

Federal regulators voted Thursday to give phone companies the right to block unwanted calls without getting customers’ permission first. The Federal Communications Commission’s move could make call-blocking widespread and help consumers dodge annoying robocalls, which have exploded into a problem …

Sexual Violence Stories can Become ‘Trauma Porn,’ #MeToo Founder Says

VANCOUVER, Canada — The founder of the #MeToo movement that inspired countless women to reveal stories of sexual violence said on Thursday women can be just as powerful by not sharing their experiences, which can become grist for “trauma porn.” …

Insys to Pay $225 Million to Settle Opioid-Sales Probe

Insys Therapeutics Inc., grappling with the prospect of bankruptcy after its founder was convicted on racketeering charges, agreed to pay $225 million to settle U.S. claims that the drug maker illegally sold opioid-based painkillers. Under terms of the deal, Insys …

Amazon Unveils Futuristic Helicopter-Plane Hybrid Drone for Deliveries

Amazon.com Inc. has unveiled a revolutionary new drone — part helicopter and part science-fiction aircraft — that the company expects to use for test deliveries of toothpaste and other household goods starting within months. The new device takes off vertically, …

Walmart Will Put the Groceries in the Fridge While You’re Out

Walmart Inc. already sells more food than anyone else. Now it wants to put those groceries right in your fridge. Beginning this fall, about 1 million people in Pittsburgh, Kansas City, and Vero Beach, Florida, will be able to get …

Lawmakers Seek Documents on Boeing’s Faulty Sensor Alert

House lawmakers demanded records from Boeing Co., one of its suppliers and U.S. aviation regulators on why a cockpit alert that might have helped pilots in two recent fatal 737 Max crashes was installed with a defect that made it …

Hospital’s Insurer Pays $10K to Husband for Deceased Wife’s Lost Wedding Ring

An Oregon hospital has agreed to pay a settlement to the husband of a woman whose wedding rings disappeared within hours of her death. The Oregonian/OregonLive reported Wednesday that an insurance adjuster for Providence Portland Medical Center has agreed to …

Farmers, Aspen Re, Atlas Announce Appointments

Noh Replaces Myhan as Farmers CFO Farmers Insurance announced the appointment of Thomas Noh as the new chief financial officer of the policyholder-owned Farmers Insurance Exchanges, which consists of Farmers Insurance Exchange, Fire Insurance Exchange and Truck Insurance Exchange. Noh …

As InsurTech Takes Over, Insurers Must Train the Humans that Remain

CHICAGO — As technology eliminates claims jobs through automation, insurers will need to build new skill sets for the employees who remain, speakers said during the second and final day of the Insurance Nexus Connected Claims Conference. Eric Brandt, managing …