INSURANCE NEWS
Wisconsin Landlord Ordered to Pay $1.3M in Fatal Fire
MILWAUKEE (AP) – A landlord has been ordered to pay $1.35 million for a fire that killed two people in Milwaukee in 2019, a newspaper reported. Will Sherard has shown a “reckless disregard” for the condition of his properties, Milwaukee …
Michigan Researches Find Century-Old Shipwrecks in Lake Superior
CHICAGO (AP) – Michigan researchers have found the wreckage of two ships that disappeared into Lake Superior in 1914 and hope the discovery will lead them to a third that sank at the same time, killing nearly 30 people aboard …
Illinois Nursing Facility to Pay $400K in Pregnancy Discrimination Case
Symphony Deerbrook, LLC will pay $400,000 and furnish other relief to settle a pregnancy discrimination lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC) over conduct at its Symphony of Joliet facility, the federal agency announced today. In its …
Google Asks Judge to Toss Antitrust Lawsuit, Says a ‘Superior Product’ Is Not Unlawful
Google argued Thursday that the U.S. Justice Department’s allegations that it broke antitrust law to build and maintain its dominance of search are flawed and that its lawsuit should be thrown out. The government, which filed its lawsuit in the …
March Results Dampen Progressive Q1 Net Income Momentum
Progressive Corp. today reported first quarter net income of about $448 million – a 43% increase compared to the same time last year – though the insurer booked a nearly $152 million loss for the month of March. At the …
Update: 75% of New Jersey Forest Fire Contained
New Jersey firefighters continued to make substantial progress in containing a wildfire in Manchester Township on federal, state and private property. The fire, which reached 3,859 acres in size, was 75% contained by 8:30 Wednesday night, the state’s forest fire …
Buffett Says People Shouldn’t Worry About Berkshire, Banks
Billionaire Warren Buffett assured investors Wednesday that Berkshire Hathaway will be fine when he’s no longer around to lead the conglomerate. Buffett said shareholders shouldn’t worry about the future of the company after Vice Chairman Greg Abel takes over because …
For Arrested Ringleader, Stealing Catalytic Converters Is Full-Time Job, Police Say
Seven members of an organized theft crew were arrested yesterday and charged in connection with stealing catalytic converters from more than 470 vehicles in Massachusetts and New Hampshire. For the alleged ringleader, theft was a full-time job, prosecutors said. More …
Generali Prepares to Sell Pensionskasse Unit to Fosun International’s German Unit
Assicurazioni Generali SpA is close to selling its Deutschland Pensionskasse AG unit to a German firm controlled by Chinese conglomerate Fosun International Ltd, as the Italian insurer reviews its life operations in a bid to improve profitability. Generali is preparing …
People Moves: AIG Asia Pacific Appoints BHSI’s Colahan as Regional President; Gallagher Re Hires McMillan From Siemens as Renewable Energy Practice Leader
This edition of International People Moves details appointments at AIG Asia Pacific and Gallagher Re. A summary of these new hires follows here. AIG Appoints BHSI’s Colahan as Regional President, AIG Asia Pacific American International Group Inc. announced that Chris …
Germany Inches Toward Legalizing Personal Use of Cannabis
Germany’s ruling coalition presented a scaled-back plan to decriminalize personal use of cannabis in Europe’s largest economy. The proposal would allow adults to possess as much as 25 grams (0.9 ounce) of marijuana and join nonprofit “social clubs” to purchase …
UK Broker Clear Group Acquires Irish Broker MBC Insurance
The Clear Group, the London-based independent broker, announced the acquisition of Irish commercial broker McAuliffe Barry & Collins Ltd., which trades as MBC Insurance and Techinsure.ie. Clear has acquired 100% of MBC Insurance. Financial details of the deal were not …