Insurance
Illinois Roofing Contractor to Pay $365K for Endangering Employees
Joshua Herion, a Waukegan, Illinois roofing contractor who has routinely endangered employees by ignoring federal workplace standards and penalties assesses for its violations since 2014, has paid $365,576 in fines and interest, after the U.S. Department of Labor moved to …
Read More Citigroup Asks 600 US Staffers to Return to Office Full-Time
Citigroup has asked its 600 U.S. employees, who are eligible to work remotely, to return to office fulltime, it said on Friday as regulatory requirements make it hard for Wall Street banks to allow offsite work for roles such as …
Read More WV Governor’s Coal Company Settles with BrickStreet Mutual in Payment Dispute
The hits keep coming for West Virginia Gov. Jim Justice and his coal companies. The U.S. 4th Circuit Court of Appeals last week agreed to dismiss an appeal brought by Justice’s Southern Coal Corp. against its workers’ compensation insurer, BrickStreet …
Read More Yellen Embraces Carbon Market Potential With Integrity Push
The Biden administration unveiled a framework for using carbon offsets to drive climate progress, with principles it says are meant to help ensure the trading regimes deliver real emissions reductions — not a green mirage. The documents released Tuesday by …
Read More People Moves: Blenheim Syndicate 5886 Taps Barber From Fortegra as Sr. Liability Treaty U/W; Pen’s Vessel Protect Names Lockton’s Kent as Biz Development U/W
This edition of International People Moves details appointments at Blenheim Underwriting’s Syndicate 5886 and the MGA Pen Underwriting. A summary of these new hires follows here. Blenheim Syndicate 5886 Taps Barber From Fortegra as Sr. Liability Treaty U/W Blenheim Underwriting …
Read More Mars Loses Appeal to Undo Dismissal of COVID-19 Business Loss Claims
Petcare, food and candy company Mars Inc. has lost its bid to revive its claims against Factory Mutual Insurance Co. for business interruption losses it incurred during the coronavirus pandemic. The Fourth Circuit Court of Appeals last week upheld the …
Read More Tornado, Winds Again Pound Kentucky, Leaving 5 Deaths, Heavy Damage
The same weather system that spawned deadly tornadoes in Texas, Oklahoma and Arkansas also killed five people in western Kentucky and left hundreds of properties damaged. Local news reports said that people died in Mercer County, Hardin County, Hopkins County …
Read More Families of Marines Killed in California Osprey Crash Sue Boeing, Bell, Rolls Royce
Families of four of the five Marines killed when their Osprey crashed in California in June of 2022 filed a federal lawsuit alleging that the aircraft’s manufacturers failed to address known mechanical failures that led to the deaths. The Marines …
Read More Suit by Estate of Dancer Who Died From Peanut Allergy Blames Mislabeled Cookie
WATERBURY, Conn. (AP) — The estate of a young dancer who died after eating a mislabeled cookie containing peanuts has filed a wrongful death lawsuit, claiming the failure to properly label the package was grossly negligent. Órla Ruth Baxendale, 25, …
Read More Tokio Marine Forecasts ¥1 Trillion 2024 Profit; ‘Drastic’ Growth Ahead
In Japanese yen, the profit figure that Tokio Marine Holdings projects for 2024 is ¥1 trillion. While the forecast may seem less extraordinary in U.S. dollars of roughly $6.7 billion, either way it’s a 40% jump over 2023. Executives from …
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