Insurance
People Moves: Son Assumes Cross Insurance President, CEO Roles From Father; Risk Strategies Adds Fulse, Trimarchi
Cross Insurance Names Jonathan Cross President and CEO Cross Insurance, one of the largest independent insurance providers in the Northeast, has named Jonathan Cross president and chief executive officer. The family-owned and operated insurance agency is headquartered in Bangor, Maine. …
Read More Watchdog: Chemical Safety Agency Impeded by Staff Shortage
The federal agency that investigates chemical accidents is hindered by a lack of staffing, leadership disputes and a backlog of investigations that threaten its ability to protect people and the environment, according to a new report by a federal watchdog. …
Read More Uber Pays New Jersey Back Taxes of $100M Over Driver Employment Classification
Uber Technologies Inc. said on Monday it back-paid New Jersey $100 million in unemployment taxes over classifying drivers as contractors, but added that it did not agree with the state’s view that drivers were “employees.” Uber also said it only …
Read More Connecticut Trial Begins for Alex Jones in Sandy Hook Hoax Case
A month after losing one nearly $50 million verdict, conspiracy theorist Alex Jones is set to go on trial a second time for calling the Sandy Hook Elementary School shooting a hoax and causing several of the victims’ families emotional …
Read More Catalina Gets Lloyd’s ‘in Principle’ Approval to Launch Asta-Managed Syndicate 3232
Asta, the third-party managing agent at Lloyd’s, and Bermuda-based Catalina Group, a global provider of legacy reinsurance and capital solutions, announced that Lloyd’s have granted “in principle” approval of a new syndicate to underwrite reinsurance-to-close (RITC) transactions, within the Lloyd’s …
Read More Google Faces Damages Claims of $25.4B in UK, Dutch Courts Over Adtech Practices
Alphabet unit Google will face damages claims for up to 25 billion euros ($25.4 billion) over its digital advertising practices in two suits to be filed in British and Dutch courts in the coming weeks by a law firm on …
Read More Georgia Shrimpers, Businesses File Suits Over Capsized Cargo Ship Pollution
Fishermen, shrimpers and business owners dependent on coastal tourism have filed lawsuits over pollution caused when a cargo ship capsized off the Georgia coast in 2019. The two federal lawsuits filed last week in Georgia say the pollutants released by …
Read More Retirees Who Invested in Lindberg Firms Wonder if They’ll Ever See Their Money
A legal fight between indicted billionaire Greg Lindberg’s insurance companies and the state insurance commissioner is now in its fourth year, as the two sides battle over $1.2 billion and allegations of bribery and fraud. WRAL.com, part of a Raleigh, …
Read More Parties Scrapped, Bells Toll as UK Financial Services Sector Pays Respect to the Queen
Britain’s financial industry is dialing down activities in the run-up to the funeral of Queen Elizabeth next Monday, canceling events and paring business, as a nation in mourning prepares to bid farewell to Britain’s longest-serving monarch. Post-summer parties have been …
Read More Restaurants Working to Halt New California Fast Food Worker Law
Restaurant owners moved recently to at least temporarily block a nation-leading new California law giving more power to fast food workers. The owners want the state’s voters to ultimately decide the law’s fate. A coalition calling itself Protect Neighborhood Restaurants …
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