Insurance
Is Mar-a-Lago Worth $1 Billion? Valuations at the Core of Trump’s Fraud Trial
FORT LAUDERDALE, Fla. (AP) — How much is Donald Trump`s Mar-a-Lago worth? That`s been a point of contention after a New York judge ruled that the former president exaggerated the Florida property`s value when he said it`s worth at least …
Read More SpaceX Paid Her $92K While Men Got $115K Suit in California Says
SpaceX was accused in a lawsuit of discrimination for allegedly paying women and minority employees less than their male and White co-workers. The proposed class action, which cites California’s Equal Pay Act, was filed in Los Angeles Superior Court by …
Read More Georgia Power to Pay $413M to Settle Lawsuit over Nuke Plant Cost Overruns
ATLANTA (AP) — Georgia Power Co. will pay $413 million to settle a lawsuit accusing the utility of reneging on financial promises to one of its nuclear reactor partners. The payments to Oglethorpe Power Corp., announced Friday, could hold down …
Read More Amtrak Train Crash into Car in Vermont Kills Driver, Injures Passenger
An Amtrak passenger train crashed into an SUV in southeastern Vermont, killing the SUV`s driver and injuring his passenger, authorities said. The state police said 53-year-old Craig Hudson, of Brattleboro, died in the crash Friday in Vernon, a town of …
Read More Truist in Talks to Sell Insurance Business for $10 Billion: Report
Truist Financial is in talks to sell its insurance brokerage unit to private equity firm Stone Point for about $10 billion, news website Semafor reported on Monday, citing people familiar with the matter. The potential deal would be the latest …
Read More New Jersey Attorney General Opens Inquiry Into Fatal Crash Involving Nadine Menendez
The New Jersey attorney general’s office has opened an inquiry into how local law enforcement handled an investigation into a fatal car crash that involved the then-future wife of U.S. Sen. Robert Menendez, according to a law enforcement official familiar …
Read More New Hampshire Helicopter Crash That Took Pilot’s Life Is Under Investigation
A helicopter crashed in the woods shortly after taking off in Croydon, New Hampshire, killing the pilot, the only person on board, authorities said. The craft was reported as missing for at least several hours. The helicopter had taken off …
Read More People Moves: Gallagher Re Taps RenRe’s Allard as Head of Global Credit & Political Risk; Sompo Int’l Names Heads of Claims, Distribution & Client Relationship Mgmt
This edition of International People Moves details appointments at Gallagher Re and Sompo International. A summary of these new hires follow here. Gallagher Re Taps RenRe’s Allard to Lead Global Credit & Political Risk Global reinsurance broker Gallagher Re has …
Read More Markets/Coverages: Irish MGA iSure Launches Professional Indemnity Facility
iSure, the specialist SME managing general agent in Ireland, part of the re/insurance MGA Rokstone, has announced the launch of a professional Indemnity (PI) facility with a €2 million primary and a €3 million excess of loss limit. Drawing on …
Read More Odey Asset Management to Shut Wealth Business in Wake of Sexual Assault Allegations Against Founder
Odey Asset Management is closing its wealth business, the UK’s Financial Conduct Authority said, months after its founder Crispin Odey was accused of sexual misconduct. “We will work closely with the firm as it winds down, to ensure clients are …
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