Here’s an update on developments with Globe Life, its subsidiary American Income Life, and Globe’s star agency The Arias Organization.
Tag Archives: Simon Arias
Short-seller sends Globe Life shares plunging 53% as insurance giant calls report ‘defamatory,’ threatens legal action
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
Department of Justice opens probe of Globe Life, American Income Life
The U.S. Department of Justice has subpoenaed Globe Life Inc. and its subsidiary American Income Life seeking documents related to one of its top life insurance agencies — the Pittsburgh-based Arias Organization, according to an internal Globe document. In my Business Insider articles published in 2023, former agents described a culture at Arias of customer abuses and sexual harassment, including multiple allegations of sexual assault on the job. Continue reading
Regulators open probes, Warren Buffett dumps stock as claims of abuse and fraud mount vs a top Globe Life agency
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.
Fallout for Globe Life, Arias Organization, after Insider.com article
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