Managers

Pharmacy Benefit Managers and Drug Companies Face Lawsuit for Inflating Insulin Prices, Targeting Vulnerable Patients in Indiana

by

Indianapolis, Indiana – The Attorney General of Indiana, Todd Rokita, has filed a lawsuit alleging that pharmacy benefit managers (PBMs) and drug companies have colluded to maintain high insulin prices. Rokita claims that these companies are exploiting vulnerable individuals in need of this vital medication. The lawsuit does not specifically name the drug company Eli Lilly, even though it settled a class-action lawsuit last year over allegations of insulin price fixing for over $13 million. Among the companies named in the lawsuit are Caremark PCS and CVS Healthcorp, both associated with CVS, one of the … Read more

Navigating the Complex Maze of Online Data Privacy Regulations: An Added Challenge for Risk Managers

by

New York, NY — Online data privacy regulations are becoming increasingly complex for risk managers as states and countries introduce new measures. Anthony Dagostino, the New York-based global cyber chief underwriting officer for Axa SA, stated that staying up-to-date with regulatory issues is crucial for both underwriters and policyholders. Differing incident notification laws across US states present an additional challenge. Currently, 13 states have comprehensive privacy laws, while several others are in the process of developing legislation. The variability between state regulations makes it challenging for risk managers to respond to breaches effectively. Kristen Peed, … Read more

Former FedEx Sales Manager’s Discrimination Verdict Stripped of Justice, Signaling Supreme Court’s Bias

by

Houston, Texas – In a landmark discrimination case against FedEx, Jennifer Harris, a former sales manager, found her victory significantly reduced on appeal. Harris, who is Black, had emerged triumphant in 2022 with a $366 million verdict, holding FedEx accountable for retaliating against her after she filed a complaint of racial discrimination against her white manager. However, the Fifth Circuit Court of Appeals recently overturned much of that ruling, slashing the damages amount to a mere $248,619. The ruling stated that FedEx had made “good-faith efforts” to comply with federal law, thereby undermining Harris’s claims. … Read more

UK Prime Minister Vows Swift Justice for Wrongly Convicted Post Office Managers in Landmark Legislation

by

LONDON, UK – In response to mounting national outrage over a major miscarriage of justice, the British government plans to utilize new legislation to overturn the wrongful convictions of hundreds of Post Office managers, announced Prime Minister Rishi Sunak on Wednesday. The scandal, involving hundreds of self-employed sub-postmasters who were convicted of theft, fraud, and false accounting, unfolded between 1999 and 2015. Faulty software had erroneously indicated substantial amounts missing from branch accounts, leading to devastating consequences for the individuals involved. The public outcry for justice has intensified since the airing of a television dramatization … Read more