payments News

Powerful Typhoons Scar Japanese Non-Life Insurers’ Earnings

A string of powerful typhoons that struck Japan has left scars on the country’s non-life insurers, with industry giants likely forced to pay a combined $8 billion in insurance payments in the current fiscal year that ends in March. Japan’s …

Georgia County’s Experience Shows Perils of Ransomware

JEFFERSON, Ga. — On the first Saturday in March, computer screens at the 911 dispatch center in this small town went dark. Staff at the county jail around the same time could no longer open cell doors remotely with electronic …

Federal Agents Raid Imperial Holdings’ Florida Offices

Federal investigators Tuesday raided the Florida offices of Imperial Holdings Inc, a company that makes lump-sum payments on legal settlements and life insurance policies, the FBI said on Tuesday. The agents were operating on a search warrant issued from New …

Tyson Pays $32 Million to Settle Wage Lawsuit

Tyson Foods Inc. is paying $32 million to settle a long-running dispute over whether it should compensate poultry plant workers for time they spend putting on and taking off protective clothing. In a consent decree filed in U.S. District Court …

Churchill Downs Ends Payments for Jockeys’ Off-Track Needs

Churchill Downs Inc. plans to stop paying the trade association representing jockeys to fund riders’ off-track needs, such as benefits or health insurance coverage that’s not racing related. Churchill spokeswoman Julie Koenig Loignon told The Courier-Journal that the company’s four …