Insurance
Owner of Ill. Facility Where 3 Women Died Agrees to $16M Payout
CHICAGO (AP) – The owner operators of a senior living facility on Chicago’s North Side where three women were found dead amid high heat last May have reached a $16 million settlement with the women’s families. Gateway Apartments Ltd. and …
Read More Mississippi’s SouthGroup Names Tullos CEO
The board of directors for Mississippi-based SouthGroup Insurance & Financial Services has named Cyndi Tullos chief executive officer. Tullos, the chief operating officer since 2019, replaces Ronnie Tubertini, who was CEO for 21 years, the company said in a statement …
Read More Supreme Court Allows New York’s Revised Gun Carry Law… for Now
The U.S. Supreme Court today allowed New York’s new gun carry law to remain in effect as legal challenges to the statute continue. In denying plaintiffs’ bid to vacate a Second Circuit Court of Appeal’s denial of a district court …
Read More New Mexico Delegation Seeks Changes to Wildfire Aid Rules
New Mexico’s congressional delegation says the U.S. government should make changes to rules proposed for processing damage claims stemming from a historic wildfire sparked by forest managers. The delegation sent a letter to FEMA on Thursday as the federal agency …
Read More AIG CFO Takes Temporary Medical Leave
American International Group (AIG) said Shane Fitzsimons, executive vice president and chief financial officer, is taking a temporary medical leave of absence, effective immediately. Mark Lyons will serve as AIG’s CFO in Fitzsimons’ absence. Lyons will also continue his role …
Read More Specialty Program Group Buys Euclid Fiduciary
New Jersey-headquartered Specialty Program Group LLC (SPG) has acquired the assets of Euclid Specialty Managers, LLC, which does business as Euclid Fiduciary, from Euclid Insurance Services, Inc. Euclid Fiduciary, based in Vienna, Virginia, is a managing general agency specializing in …
Read More Twitter Accused of ‘Sham Redundancy Process’ by UK Staff Targeted in Mass Firings
Twitter Inc. was accused of carrying out a “sham redundancy process” and threatened with lawsuits by UK staff targeted by mass firings following Elon Musk’s takeover of the social-media giant. Winckworth Sherwood LLP said Twitter had behaved “unfairly and without …
Read More British Motor Insurers’ Shares Fall Sharply as Direct Line Scraps Dividend
Shares in Direct Line lost more than a quarter of their value on Wednesday after the British motor and home insurer unexpectedly scrapped its 2022 final dividend, with stocks in rivals Admiral and Aviva also falling sharply. Motor insurers performed …
Read More Environmental Risks, Climate Change Ranked as Top Risks Facing Planet: WEF Survey
Failure to tackle climate change and environmental degradation dominate the ranking of top risks facing the planet in the next decade, a World Economic Forum (WEF) survey of global risk specialists found. Moreover, current-day challenges including the rising cost of …
Read More Alabama Home Builder’s Negligence Not Covered by Liability Policy, 11th Circuit Says
An Alabama judge awarded Robert and Mindy Barton $900,000 for actual damages and emotional distress caused by the botched construction of their custom home, but the couple won’t be able to collect that judgment from the homebuilder’s general liability insurer. …
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