Shares of insurance giant Globe Life Inc. plunged 53% today and trading was halted eight times after a short-seller issued a damning narrative on the company.
In a 36-page investigative report, Fuzzy Panda Research described “extensive allegations of insurance fraud” at Globe’s wholly-owned subsidiary American Income Life, repeatedly citing my coverage for Business Insider. Continue reading
Ten months after my first article about the toxic and dangerous workplace at The Arias Organization, a top life insurance agency of Globe Life, Inc., the EEOC took the unusual step of reopening two sexual harassment claims that it had previously dismissed and a Pennsylvania regulator fined a Globe subsidiary for deceptive consumer practices.
In my series of investigations about Globe, its wholly owned subsidiary American Income Life and Arias, I’ve been documenting a toxic workplace where multiple agents said women were sexually harassed and assaulted, drugs were used openly and customer deceit was widespread. Continue reading
In the months since Insider published my investigation into alleged sexual assault, drug use, and customer abuses at a major insurance agency based in Wexford, Pa., insurance regulators showed up unannounced at the company’s headquarters and Warren Buffett has dumped more than half of his investment in the agency’s parent — Globe Life. Here’s a link to my story today.