payout News

Oklahoma Judge Reduces Johnson & Johnson Opioid Payout to $465 Million

An Oklahoma judge on Friday said Johnson & Johnson must pay that state $465 million for fueling the opioid epidemic through the deceptive marketing of painkillers, down from his original award of $572 million. The decision by Cleveland County District …

UPS Found Liable For Shipping Contraband Cigarettes In New York, but Damages Reduced

A federal appeals court found United Parcel Service Inc liable to New York state and New York City for shipping hundreds of thousands of cartons of untaxed cigarettes, but reduced its payout for damages and unpaid taxes to about $97.6 …

Insurers Paid $2.2B After Alabama Tornadoes

Authorities say insurers have paid at least $2.2 billion claims arising from the April tornado outbreak in Alabama. The Birmingham News reports that more than 2,500 claims are still pending eight months after the storms. The figures, from the Alabama …

Insurers Pay Out $1.13B for Joplin Tornado Damage

Insurers have spent about $1.13 billion in claims tied to the Joplin tornado and payouts continue to grow. The head of the Missouri Department of Insurance, Financial Institutions and Professional Registration says total insured losses could be $1.8 billion to …

Joplin, Missouri Insurance Payout from Tornado Sets Record

Missouri officials say the insurance payout from the May 22 Joplin tornado will be the largest payout in the state’s history. The Missouri Department of Insurance says it expects the claims to eventually total between $1.5 billion and $2 billion. …