Injured worker’s unrelated death doesn’t negate settlement agreement

A South Carolina appeals court on Wednesday ruled that an employer and an insurer could not back out of a settlement agreement just because the worker died before the agreement was filed with the Workers’ Compensation Commission. Gus King suffered injuries while working for Pierside Boatworks in November 2011 and in May 2014, the Workers’ … Read more

Swiss Re loses dispute with home improvement retailer over settlement

A federal appeals court Thursday affirmed a lower court ruling against a Swiss Re unit in a dispute involving a home improvement retailer’s rejection of a settlement offer that led to a $6 million jury verdict. A customer of Eau Claire, Wisconsin-based Menard Inc., a home improvement chain, filed a negligence suit against the retailer … Read more

Insurer off hook for settlement where there was no lawsuit

A federal appeals court on Wednesday affirmed a lower court ruling and held an insurer is not obligated to pay for a settlement where a lawsuit was never filed. Grand Rapids, Michigan-based Trident Fasteners Inc., an automotive supplier that makes customized screws, bolts and other fasteners for use as component parts, received complaints about defective … Read more

Tim Hortons’ privacy breach settlement called ‘sweet deal’

Breadcrumb Trail Links Retail & Marketing News FP Economy Lawyers in the class action suit say it was the best option available The class-action lawsuit against Tim Hortons stems from a Financial Post story in 2020 by journalist James McLeod, who found the Tims app had been tracking his movements so closely that it knew … Read more

West Virginia Cities, Counties Reach $400M Settlement with Drug Firms

New You can now listen to Insurance Journal articles! West Virginia cities and counties reached a $400 million tentative settlement with three major U.S. drug distributors, lawyers announced Monday. In a lawsuit in state court, the cities and counties accused the distributors of fueling the opioid epidemic. The companies are AmerisourceBergen, Cardinal Health and McKesson. … Read more

Settlement Blocks New Federal Fracking Leases in California

Leasing for new oil and gas drilling on federal land in central California is temporarily blocked under a settlement announced this week between the state and the U.S. Bureau of Land Management. The deal, which still needs court approval, centers on more than 2,500 square miles of land and subsurface mineral rights owned by the … Read more

West Virginia cities, counties reach opioid distributor settlement

(Reuters) — West Virginia’s cities and counties reached a $400 million opioid settlement with drug distributors McKesson Corp., AmerisourceBergen Corp. and Cardinal Health Inc., West Virginia Attorney General Patrick Morrisey said Monday. The settlement resolves allegations by more than 100 cities and counties that the three drug distributors fueled an opioid crisis by oversupplying West … Read more

Tobacco Firms Sued for $133 Million in Missed Settlement Payouts

Philip Morris USA, R.J. Reynolds Tobacco Co. and more than a dozen other tobacco companies were sued by Iowa’s attorney general for allegedly failing to pay the state $133 million due under a 1998 settlement intended to avoid future health-related lawsuits. The companies withheld a portion of their annual payments to Iowa in bad faith … Read more

Allergan Poised to Pay More Than $2 Billion in Opioid Settlement

New You can now listen to Insurance Journal articles! AbbVie Inc.’s Allergan unit has reached an agreement to pay more than $2 billion to resolve thousands of lawsuits filed by state and local governments over the marketing of its Kadian opioid painkiller, according to people familiar with the matter. The deal would settle more than … Read more