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
Two weeks after Insider.com published my story about sexual assault, drug use and violence at a top insurance agency of Globe Life American Income Division, the story has been cited in multiple court filings in a civil suit. A spokesperson for the Texas Rangers, the Major League Baseball team that plays on Globe Life Field, said the Rangers are “aware” of the allegations against Globe’s Arias Organization. The Feb. 24 story depicted a toxic workplace at Arias Organization, based in Wexford, Pennsylvania. Continue reading