settlement Archives - Carrier Management

Tentative Compensation Agreement Reached Over Suez Canal Ship Blockage

A representative for the owners and insurers of a giant cargo ship that blocked the Suez Canal in March on Wednesday said that an agreement in principle had been reached in a compensation dispute ...

GEICO Must Pay $2.7M to Settle Claim After Rejecting $30,000 Payout

GEICO Indemnity Co.'s refusal to settle a bodily injury claim for $30,000 will cost it more than $2.7 million, under a ruling Monday by the Georgia Supreme Court. The high court's 7-0 decision ...

The Hartford Will Pay $650M to Settle Boy Scouts of America Sexual Abuse Claims

The Hartford disclosed it has agreed to pay $650 million to settle sexual abuse claims against the Boy Scouts of America associated with policies mostly issued in the 1970s. According to the insurer, ...

AIG Pays $12 Million to Resolve NY Pension Transfer Probe

American International Group Inc. agreed on Monday to pay a $12 million civil fine to settle charges that it conducted life insurance business in New York without a license. The settlement is the ...

OxyContin Maker Purdue to Plead Guilty Over Opioid Practices

Purdue Pharma LP agreed to plead guilty to criminal charges over the handling of its addictive prescription opioid OxyContin, in a deal with U.S. prosecutors that effectively sidestepped paying ...

Victims of Las Vegas Mass Shooting Win $800M Settlement

A court last week approved a settlement totaling $800 million from casino company MGM Resorts International and its insurers to more than 4,400 relatives and victims of the Las Vegas Strip shooting ...

Bayer Resolves More Roundup Cases

Attorneys for Bayer AG and consumers suing the company over allegations its Roundup weedkiller caused cancer told a judge on Thursday they are continuing to resolve thousands more cases, improving ...

Daimler Will Pay $2.2B to Resolve U.S. Govt. Diesel Emissions Case

Daimler AG will pay $2.2 billion to resolve a U.S. government diesel emissions cheating investigation and claims from 250,000 U.S. vehicle owners, court documents show. The German automaker and its ...

Swiss Foundation Settles Cryptocurrency Fundraiser Lawsuit With $25M Payment

A three-year-long U.S. court battle over a cryptocurrency fundraiser, one of the largest initial coin offerings ever, has ended with a Swiss foundation paying $25 million ...

Volkswagen Forks Over $9.8B in Diesel Settlements to U.S. Consumers

U.S. buyers of polluting Volkswagen AG vehicles received more than $9.8 billion in settlements, the Federal Trade Commission (FTC) said on Monday . Volkswagen agreed to offer to buy back or repair ...