Insurance
New York Executives Blast State Over Regulatory ‘Black Hole’
At a recent roundtable with New York executives, Heather Briccetti Mulligan remembers the frustration of a businessman who compared trying to file a permit for a $200 million construction project with ordering a pizza. The pizza could be tracked by …
Read More Update: SEC Hands Victory to IPO Issuers Who Want to Avoid Class-Action Lawsuits
The U.S. securities regulator on Wednesday said it would allow companies seeking to go public to require that investors resolve claims of fraud or other false statements through arbitration rather than court litigation, handing a victory to companies and weakening …
Read More Jefferson Parish’s Improved Flood Rating to Bring Cost Savings for Residents
Residents of Jefferson Parish, Louisiana could soon see a reduction in flood insurance premiums, after the parish improved its class rating for the National Flood Insurance Program (NFIP). Jefferson Parish’s Community Rating System (CRS) will improve from a Class 5 …
Read More Texas Drops Suit Against Doctor Accused of Illegal Care for Transgender Youth
One of the nation’s first doctors accused of illegally providing care to transgender youth under GOP-led bans was found to have not violated the law, Texas Attorney General Ken Paxton’s office says, nearly a year after the state sued the …
Read More Michigan Auto Parts Manufacturer Sued for Discrimination
An auto parts manufacturer with a facility in Plymouth, Michigan, violated federal law when it refused to allow an older, female worker with a disability to re-enter its apprenticeship program, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a …
Read More Illinois Man Admits to Starting Fire at a Gas Station
A Belleville, Illinois man appeared in federal court to admit to an arson charge for setting a fire in a Lebanon gas station bathroom. Carlos A. Rodriguez, 33, pleaded guilty to one count of arson of real property used in …
Read More SEC Poised to Review IPO Bar on Mandatory Shareholder Arbitration
Wall Street’s top regulator will on Wednesday consider a policy change that could allow companies going public to force shareholders to resolve disputes in private arbitration rather than through court litigation, in a major shift that could weaken investor rights. …
Read More People Moves: Arch Insurance Taps AXA XL’s Martins as Head of Executive Assurance for France; DUAL Europe Announces Key Cyber Appointments
This edition of International People Moves details appointments at Arch Insurance and DUAL Europe. A summary of these new hires follows here. Arch Insurance Taps AXA XL’s Martins as Head of Executive Assurance, France Arch Insurance announced the appointment of …
Read More Insurance Industry Reps Back Reauthorization of Federal Terrorism Backstop
Marsh McLennan lost 358 employees in the terrorist attack on the World Trade Center on Sept. 11, 2001, and in Washington today Michelle Sartain, who has worked at Marsh for more than 28 years, encouraged lawmakers to reauthorize the Terrorism …
Read More Authorities Examining Why Concrete Mixer Turned On, Killing Alabama Worker
An Alabama worker died from blunt force trauma after he he was performing maintenance inside an industrial concrete mixer, a coronor has determined. The investigation is continuing into the death of Edgar Earl Davis IV, age 29, who was pronounced …
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