Here’s an update on developments with Globe Life, its subsidiary American Income Life, and Globe’s star agency The Arias Organization.
Tag Archives: Warren Buffett
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
EEOC takes up sexual harassment cases against Globe Life subsidiary
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
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.
Inside the tawdry, drug-fueled world of insurance juggernaut Arias Organization
Women at Arias Organization, a top life insurance agency based in the suburbs of Pittsburgh, say they were fed date rape drugs, compared to dog puke, and forced to watch a boss masturbate. I worked for months on this project for Insider.com, ever-more incredulous as each reporting week went by. I have written about gender discrimination for nearly 30 years. This, by far, is the worst treatment of women in the workplace that I’ve ever seen.
Arias is a star agency under the umbrella of Globe Life Inc., a New York Stock Exchange-traded company that is in the portfolio of Warren Buffett. The agency is known by several names, including Arias Agencies, the Arias Organization and Globe Life American Income Division: Arias Organization. You can read my story here.