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Captive Insurance Update | Fall Edition 2021 | Downs Rachlin Martin PLLC

Captive Insurance Update | Fall Edition 2021 | Downs Rachlin Martin PLLC
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Delaware Insurance Commissioner Issues Alert About Recalled Respiratory Machines

Delaware Insurance Commissioner Issues Alert About Recalled Respiratory Machines
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State Insurance Department highlights recall of ventilators and CPAP devices

Delaware Business Now
Reading Time: 2 minutes
A consumer alert has been issued for users of respiratory devices manufactured by Philips. An estimated 4 million Philips Continuous Positive Airway Pressure (CPAP) and Bi-Level Positive Airway Pressure (BiPAP or BiLevel PAP) devices, as well as mechanical ventilators manufactured before April 26, 2021.
The recalls are due to potential health risks associated with the sound abatement foam in the devices.
The Delaware Department of Insurance announced that it issued the notice after the company’s recall notification and what it views as a lack of communication to consumers and facilities.
Recalled devices include those listed as providing respiratory treatment or support for Covid-19 patients. CPAP devices are used by individuals who suffer from sleep apnea, a disorder that leads to a temporary stop to breathing during sleep and can lead to death. ....

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Athene Announces $4.9 Billion Pension Risk Transfer Transaction with Lockheed Martin

Athene Announces $4.9 Billion Pension Risk Transfer Transaction with Lockheed Martin
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Athene Announces $4.9 Billion Pension Risk Transfer Transaction with Lockheed Martin

Athene Announces $4.9 Billion Pension Risk Transfer Transaction with Lockheed Martin
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