News

Purdue’s Sacklers Get Closer to an Opioid Trial in Massachusetts

Purdue Pharma LP’s billionaire owners, the Sackler family, are a step closer to a trial in Massachusetts over their role in the opioid epidemic, after a judge said the state had made credible allegations of misconduct in marketing of the …

J&J Unit Ordered to Pay $8 Billion Over Anti-Psychotic Drug

Johnson & Johnson’s Janssen unit was hit with an $8 billion punitive-damages verdict — the largest jury award in the U.S. this year — over its alleged mishandling of an anti-psychotic drug blamed for causing adolescent boys to grow female-sized …

Viewpoint: Scrutiny Undermines Argument that Cyber Insurance Encourages Ransomware

As the cyber insurance market continues to grow, it’s only natural to discuss its place in the battle against cyber-attacks, including ransomware, which has been a prevalent topic in recent months. Over the last several years, the cyber insurance market …

PG&E Cuts Power to Half a Million in California on Fire Risk

PG&E Corp., the California utility giant forced into bankruptcy by devastating wildfires, has cut power to 513,000 customers in the first phase of its biggest-ever intentional blackout to keep power lines from sparking more blazes. The shutdowns in Northern California …

Public Adjusters Winning Broad Support for Licensing as Carriers Fret About Inflated Claims

While the insurance industry has been ringing alarm bells about inflated claims pushed by overzealous public adjusters, an organization pushing to make independent claim adjusters more professional is winning support from both Republicans and Democrats in statehouses across the nation. …

Boeing 737 MAX Timetable Uncertain As Regulators Continue Safety Review

WASHINGTON — U.S. and European Union regulators said on Tuesday they were still reviewing changes Boeing Co made to 737 MAX software after two fatal crashes, a development that raised questions about how quickly the grounded aircraft can return to …

Recovery Stalls After Fast Start Following Deadly Tornado

When a deadly tornado ripped through Ruston and Louisiana Tech University in the early morning darkness of April 25, hundreds of volunteers fanned out for rescues and cleanup. Everyone from NBA Hall of Famer Karl Malone and energy magnate James …

US Researchers on Front Line of Battle Against Chinese Theft

WASHINGTON — As the U.S. warned allies around the world that Chinese tech giant Huawei was a security threat, the FBI was making the same point quietly to a Midwestern university. In an email to the associate vice chancellor for …

Greek Shipowner Torched Tanker in $77 Million Fraud, Judge Says

A Greek shipowner orchestrated a plan for men posing as pirates to attack and set fire to his tanker, in an elaborate fraud to seek $77 million in insurance money, a London judge found. In 2011, Marios Iliopoulos lured the …

Cost of Opioid Crisis ‘Dwarfs’ Drugmakers’ Resources, N.Y. Says

The public cost of coping with the opioid crisis in the U.S. “dwarfs” the combined resources of the companies sued for allegedly causing the epidemic, including OxyContin maker Purdue Pharma LP, a lawyer for New York State told a judge. …

News Archives by Month