Insurance
Disaster Declaration Approved for Texas Counties With Damage From Winter Ice Storms
President Joe Biden issued a disaster declaration Saturday for 13 Texas counties, freeing federal relief for areas damaged in last winter’s crippling ice storms. Disaster relief will be available for state agencies, local governments and some nonprofits “on a cost-sharing …
Read More Sixth Circuit: No Coverage for Retaliation Claims Tied to Undisclosed Investigation
A federal appellate court on Friday reversed a $2.3 million award to a nursing home owner that sued its insurer, finding coverage for a whistleblower retaliation lawsuit was clearly excluded because the policyholder did not disclose that it was under …
Read More Ohio’s R&L Carries to Pay $1.5M in Sex Discrimination Settlement
R&L Carriers, Inc. and R&L Carriers, Shared Services, LLC (R&L Carriers), a nationwide trucking company headquartered in Wilmington, Ohio, will pay $1,250,000 to a class of female applicants and take steps to prevent future discrimination against female applicants to settle …
Read More First Republic, KPMG Are Sued for Concealing Bank’s Risks
First Republic Bank has been sued by shareholders who accused the beleaguered U.S. regional bank of concealing how rising interest rates threatened its business model by prompting an exodus of deposits. The lawsuit filed late Monday in San Francisco federal …
Read More Specialist Risk Group Launches Platform for European Operations
Specialist Risk Group (SRG), the London-based insurance broker, announced the launch of Specialist Risk Europe, the platform for SRG’s European operations, headquartered in Dublin, Ireland. SRG’s latest announcement reinforces its European growth strategy and will build upon the success of …
Read More Coinbase Files Legal Challenge to Push SEC to Write Rules on Crypto
Coinbase Global Inc filed a petition on Monday in an effort to compel the U.S. Securities and Exchange Commission to create new rules for digital assets, the company said in a blog post, in the latest escalation of the cryptocurrency …
Read More Altria Tells Jury It Didn’t Benefit From Juul Youth Vaping Push
Altria Group Inc. didn’t benefit from its $12.8 billion investment in Juul Labs Inc., the tobacco giant’s lawyers told a jury in a trial over whether it helped the e-cigarette maker promote sales that led to a youth vaping crisis …
Read More Ardonagh Advisory to Buy HNW Broker Stanhope Cooper, MGA Renovation Underwriting
Ardonagh Advisory Holdings Ltd., a subsidiary of The Ardonagh Group, announced, it has agreed to acquire a majority shareholding in leading High Net Worth (HNW) broker Stanhope Cooper and managing general agent Renovation Underwriting. Under the agreement, which is subject …
Read More American Bar Association Sued Over Data Breach
A member of the American Bar Association (ABA) has filed a class-action lawsuit against the organization related to a recent data breach. Tiffany Troy, on behalf of herself and other affected members, filed the suit in U.S. District Court for …
Read More Florida DA Orders Investigation After Homeowner Fires at Delivery Driver
A Florida prosecutor has ordered an investigation in a confrontation in which a homeowner fired shots into a couple’s car when they mistakenly turned onto his property while making a late-night grocery delivery. Police closed the case without consulting the …
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