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Opioid companies agreed to pay more than $32 billion to help cover costs related to opioid addiction.
The expense and risks involved with complex litigations moved the aerospace giant to agree to the $237.5 million settlement.
The team and its billionaire owner are suing their insurer for denying claims under its $400M business interruption policy.
Elon Musk's move to pay the Tesla board's insurance out of pocket emphasizes the benefit of captives amid galloping D&O rates.
Drug wholesalers and Teva Pharmaceutical settle the first federal trial over the companies' role in fueling the U.S. opioid epidemic.
The Chapter 11 filing on Sunday is designed to short-circuit more than 2,000 lawsuits against Purdue and its owners.
J&J is facing more than 13,000 lawsuits linking baby powder and Shower to Shower to ovarian cancer or mesothelioma.
Customers claimed the company tried to rig the Illinois justice system to wipe out a $1B jury verdict from 19 years ago.
Women claimed asbestos in the company's talc products caused them to develop ovarian cancer.
Icahn, who owns a 9.4% stake in Amtrust, says the going-private deal unfairly benefits the controlling Karfunkel family.
{ "author": { "name": "Jef Feeley", "webUrl": "/author/profile/jef-feeley/", "description": "", "imageLarge": "https://secure.gravatar.com/avatar/f16d6fc2845f417ea0e93a3f2b6cd37d?s=136&d=mm&r=g", "estimate": 17, "social": [], "articles": [ { "uri": "/2022/03/10/insurers-refuse-to-cover-billions-in-opioid-claims/", "title": "Insurers refuse to cover billions in opioid claims", "byline": "Jef Feeley", "kicker": "News", "prettyDate": "March 10, 2022", "timeToRead": "5 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2022/03/Opioids-Article-202203091808-1.jpg", "width": "620", "height": "372" }, "authors": [ { "webUrl": "/author/profile/jef-feeley/", "name": "Jef Feeley" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Opioid companies agreed to pay more than $32 billion to help cover costs related to opioid addiction.", "body": null }, { "uri": "/2021/11/09/do-policy-responds-to-boeings-737-max-settlement/", "title": "D&O policy responds to Boeing's 737 Max settlement", "byline": "Jef Feeley and Julie Johnsson", "kicker": "News", "prettyDate": "November 09, 2021", "timeToRead": "3 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2021/11/Bloomberg-737MAX380876555.jpg", "width": "620", "height": "372" }, "authors": [ { "webUrl": "/author/profile/jef-feeley/", "name": "Jef Feeley" }, { "webUrl": "/author/profile/julie-johnsson/", "name": "Julie Johnsson" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "The expense and risks involved with complex litigations moved the aerospace giant to agree to the $237.5 million settlement.", "body": null }, { "uri": "/2020/07/16/houston-rockets-first-nba-team-to-sue-insurer-over-covid-19-losses/", "title": "Houston Rockets first NBA team to sue insurer over COVID-19 losses", "byline": "Jef Feeley and Katherine Chiglinsky", "kicker": "News", "prettyDate": "July 16, 2020", "timeToRead": "4 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2020/07/Houston-Rockets-AP.jpg", "width": "620", "height": "372" }, "authors": [ { "webUrl": "/author/profile/jef-feeley/", "name": "Jef Feeley" }, { "webUrl": "/author/profile/katherine-chiglinsky/", "name": "Katherine Chiglinsky" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "The team and its billionaire owner are suing their insurer for denying claims under its $400M business interruption policy.", "body": null }, { "uri": "/2020/06/17/companies-are-getting-creative-as-do-insurance-rates-skyrocket/", "title": "Companies are getting creative as D&O insurance rates skyrocket", "byline": "Jef Feeley and Katherine Chiglinsky", "kicker": "Market Insights", "prettyDate": "June 17, 2020", "timeToRead": "6 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2020/06/Elon-Musk-Bloomberg.jpg", "width": "620", "height": "372" }, "authors": [ { "webUrl": "/author/profile/jef-feeley/", "name": "Jef Feeley" }, { "webUrl": "/author/profile/katherine-chiglinsky/", "name": "Katherine Chiglinsky" } ], "kickerNode": [ { "uri": "/market-insights/", "sectionName": "Market Insights" } ], "summary": "Elon Musk's move to pay the Tesla board's insurance out of pocket emphasizes the benefit of captives amid galloping D&O rates.", "body": null }, { "uri": "/2019/10/21/big-opioid-companies-agree-to-pay-260-million/", "title": "Big opioid companies agree to pay $260 million", "byline": "Jef Feeley and Riley Griffin", "kicker": "News", "prettyDate": "October 21, 2019", "timeToRead": "4 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2019/10/Opioid-settlement-Bloomberg.jpg", "width": "620", "height": "372" }, "authors": [ { "webUrl": "/author/profile/jef-feeley/", "name": "Jef Feeley" }, { "webUrl": "/author/profile/riley-griffin/", "name": "Riley Griffin" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Drug wholesalers and Teva Pharmaceutical settle the first federal trial over the companies' role in fueling the U.S. opioid epidemic.", "body": null }, { "uri": "/2019/09/17/purdue-pharma-files-for-bankruptcy-414-163384/", "title": "Purdue Pharma files for bankruptcy", "byline": "Jef Feeley and Steven Church", "kicker": "Case Study", "prettyDate": "September 17, 2019", "timeToRead": "6 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2019/09/bankruptcy.jpg", "width": "616", "height": "372" }, "authors": [ { "webUrl": "/author/profile/jef-feeley/", "name": "Jef Feeley" }, { "webUrl": "/author/profile/steven-church/", "name": "Steven Church" } ], "kickerNode": [ { "uri": "/case-study/", "sectionName": "Case Study" } ], "summary": "The Chapter 11 filing on Sunday is designed to short-circuit more than 2,000 lawsuits against Purdue and its owners.", "body": null }, { "uri": "/2019/03/27/johnson-johnson-settles-oklahoma-talc-cancer-case/", "title": "Johnson & Johnson settles Oklahoma talc-cancer case", "byline": "Margaret Cronin Fisk, Tom Korosec and Jef Feeley", "kicker": "News", "prettyDate": "March 27, 2019", "timeToRead": "4 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2019/03/JJ-baby-powder-bloomberg.jpg", "width": "616", "height": "372" }, "authors": [ { "webUrl": "/author/profile/margaret-cronin-fisk-tom-korosec/", "name": "Margaret Cronin Fisk, Tom Korosec" }, { "webUrl": "/author/profile/jef-feeley/", "name": "Jef Feeley" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "J&J is facing more than 13,000 lawsuits linking baby powder and Shower to Shower to ovarian cancer or mesothelioma.", "body": null }, { "uri": "/2018/09/05/state-farm-avoids-racketeering-trial-with-250-mill/", "title": "State Farm avoids racketeering trial with $250 million accord", "byline": "Tim Bross, Margaret Cronin Fisk and Jef Feeley", "kicker": "", "prettyDate": "September 05, 2018", "timeToRead": "5 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2018/09/cars-bloomberg.jpg", "width": "616", "height": "372" }, "authors": [ { "webUrl": "/author/profile/tim-bross-margaret-cronin-fisk/", "name": "Tim Bross, Margaret Cronin Fisk" }, { "webUrl": "/author/profile/jef-feeley/", "name": "Jef Feeley" } ], "kickerNode": [], "summary": "Customers claimed the company tried to rig the Illinois justice system to wipe out a $1B jury verdict from 19 years ago.", "body": null }, { "uri": "/2018/07/12/johnson-johnson-ordered-to-pay-550m-in-talc-asbestos-cancer-case/", "title": "J&J ordered to pay almost $4.7 billion in talc asbestos cancer case", "byline": "Margaret Cronin Fisk, Tim Bross and Jef Feeley", "kicker": "News", "prettyDate": "July 12, 2018", "timeToRead": "6 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2018/07/courtroom-scales-of-justice-bigstock.jpg", "width": "616", "height": "372" }, "authors": [ { "webUrl": "/author/profile/margaret-cronin-fisk-tim-bross/", "name": "Margaret Cronin Fisk, Tim Bross" }, { "webUrl": "/author/profile/jef-feeley/", "name": "Jef Feeley" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Women claimed asbestos in the company's talc products caused them to develop ovarian cancer.", "body": null }, { "uri": "/2018/06/22/icahn-sues-amtrust-directors-over-going-private-tr/", "title": "Icahn sues AmTrust directors over going-private transaction", "byline": "Jef Feeley", "kicker": "News", "prettyDate": "June 22, 2018", "timeToRead": "2 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2018/06/amtrust-financial-logo616.jpg", "width": "616", "height": "372" }, "authors": [ { "webUrl": "/author/profile/jef-feeley/", "name": "Jef Feeley" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Icahn, who owns a 9.4% stake in Amtrust, says the going-private deal unfairly benefits the controlling Karfunkel family.", "body": null } ] } }
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