Month: January 2018

Massachusetts Appeals Court Reinforces Insurers’ Contractual Rights to Settle Claims

Massachusetts Appeals Court Reinforces Insurers’ Contractual Rights to Settle Claims A recent Massachusetts Appeals Court decision, based upon New Hampshire law, found that a professional liability insurer did not breach the implied covenant of good faith and fair dealing by settling a New Hampshire medical malpractice suit – even though the settlement was against the wishes of the insured party. The insurer, Proselect Insurance Company (“Proselect”), defended the malpractice suit brought against its insured, a doctor who was accused of negligently failing to diagnose a stroke. The suit went to trial and resulted in a jury verdict against the...

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Shareholder Group Urges Big Pharma to Report Link Between Pricing and Pay

Shareholder Group Urges Big Pharma to Report Link Between Pricing and Pay Pharmaceutical company executives are among the highest paid individuals in the world, and pharmaceutical companies have been in the news frequently over the past few years for spikes in prescription drug prices. There are many that believe that drug prices are far too high, including some shareholders of these same companies. The Interfaith Center on Corporate Responsibility (ICCR), a coalition of shareholders and institutional investors that together have over $400 billion in assets, has reached out to Big Pharma and others to establish positive working relationships and...

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