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NFL wants its insurers to cover $1 billion in lawsuit

The National Football League is seeking more than $1 billion from its insurers to cover the cost of the class-action concussion settlement, the insurance firms disclosed in recent court documents......»»

Category: topSource: bizjournalsApr 16th, 2019

Insured losses from California wildfires top $11 billion as claims keep rolling in

Insurers are paying out $11.4 billion so far to cover l.....»»

Category: topSource: latimesJan 28th, 2019

Sears estate sues ex-CEO, Mnuchin for allegedly stealing billions

​The lawsuit alleges "[Eddie] Lampert caused more than $2 billion of assets to be transferred to himself and Sears' ​other shareholders.".....»»

Category: topSource: moneycentralApr 19th, 2019

Sears sues former CEO Edward Lampert, claiming he stripped $2 billion in assets as it headed to bankruptcy

Sears Holdings Corp. has filed a lawsuit ag.....»»

Category: topSource: chicagotribuneApr 18th, 2019

Apple accused in U.S. lawsuit of securities fraud over iPhone sales in China

Apple Inc was accused in a new lawsuit of securities fraud for concealing a slump in demand for iPhones, particularly in China, leading to a $74 billion one-day slide in its market value once the truth became known. The complaint.....»»

Category: topSource: reutersApr 17th, 2019

Budget funding will cover $25 billion in MTA upgrades

AT&T’s WarnerMedia unit agreed to sell its stake in a Hudson Yards office tower on Manhattan’s far west side to Related Cos. and partners for more than $2 billion, according to a person familiar with... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkApr 7th, 2019

States may sue to block T-Mobile/Sprint merger

More than a dozen states investigating the proposed $26 billion merger between T-Mobile and Sprint are considering a lawsuit to block the deal on antitrust grounds, according to Bloomberg. State attorneys general may act even if the U.S. Departme.....»»

Category: topSource: bizjournalsMar 28th, 2019

Citgo raises $1.2 billion loan to run operations, refinance debt

Citgo Petroleum, the U.S.-based unit of Venezuelan state-run oil firm PDVSA, said on Thursday it raised $1.2 billion through a five-year term loan to cover operating expenses and to refinance existing debt......»»

Category: topSource: reutersMar 28th, 2019

Centene to buy WellCare in $15-billion merger of health insurers

Health insurer Centene Corp. agreed to buy .....»»

Category: topSource: latimesMar 27th, 2019

Centene buys WellCare in $15-billion merger of health insurers

Health insurer Centene Corp. agreed to buy .....»»

Category: topSource: latimesMar 27th, 2019

Autonomy founder Lynch was scapegoat for HP"s incompetence, court told

Hewlett-Packard botched its $11.1 billion acquisition of Autonomy and then tried to cover up its own mismanagement by accusing the British software company's founder Mike Lynch of fraud, a London court was told on Wednesday......»»

Category: topSource: reutersMar 27th, 2019

How Medicare for All Could Eliminate the $600 Billion Private Insurance Industry

Democrats running for President have the industry on edge. The 2020 election is coming. And health insurers are worried. A groundswell of s.....»»

Category: europeSource: fortuneMar 25th, 2019

NRA wins fight to question former official over probe

The National Rifle Association won permission from a judge to question a former New York regulator under oath in a lawsuit claiming the state illegally discouraged banks and insurers from doing... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkMar 24th, 2019

The $5 trillion global insurance industry"s natural disaster problem

Extreme weather events are becoming more frequent, and more costly. According to one estimate, natural disasters caused about $340 billion in damage across the world in 2017. And insurers had to pay out a record $138 billion. The $5 trillion global.....»»

Category: topSource: moneycentralMar 15th, 2019

Shocked by surprise medical bills? Here"s what you can do

A whopping 57 percent of Americans have been hit with surprise bills, many of them coming from out-of-network medical services that insurers don't cover......»»

Category: topSource: moneycentralMar 15th, 2019

Judge tosses Ohio"s lawsuit against gas pipeline developer

A judge has tossed out a lawsuit Ohio filed against the developers of a $4.2 billion natural gas pipeline that stretches from West Virginia to Michigan......»»

Category: topSource: foxnewsMar 15th, 2019

Texas Senate OKs $3B in Hurricane Harvey spending from rainy day fund

In total, the Senate approved some $6 billion to cover unexpected costs paid by state agencies since the legislature last met......»»

Category: topSource: bizjournalsMar 14th, 2019

State treasurer responds to transgender lawsuit filed by UNCG employee, other UNC system workers

N.C. Treasurer Dale Folwell is doubling down against a lawsuit regarding the state health’s plan alleged mistreatment of transgender people, arguing he will not cover "elective procedures." This week, a lawsuit was filed in the Middle District of.....»»

Category: topSource: bizjournalsMar 13th, 2019

Olympus whistleblower Woodford wins London pensions lawsuit

The former CEO of Olympus, who blew the whistle on a $1.7 billion accounting scandal at the Japanese medical equipment maker in 2011, has won a London court battle over alleged wrongdoing linked to his 64-million-pound ($85-million) pension......»»

Category: topSource: reutersMar 11th, 2019

Kraft Heinz suit targets 3G stock transfer, writedown, SEC probe

Kraft Heinz Co faces a new lawsuit questioning why controlling shareholder 3G Capital transferred $1.23 billion of stock six months before the processed foods company stunned investors with a huge writedown and other bad news......»»

Category: topSource: moneycentralFeb 28th, 2019

Kraft Heinz lawsuit targets 3G stock transfer, writedown, SEC probe

Kraft Heinz Co faces a new lawsuit questioning why controlling shareholder 3G Capital transferred $1.23 billion of stock six months before the processed foods company stunned investors with a huge writedown and other bad news......»»

Category: topSource: reutersFeb 28th, 2019