News Archives - Insurance Journal

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3 11, 2022

Nationwide Catalytic Converter Theft Ring Taken Down in Raid

By | November 3rd, 2022|Uncategorized|Comments Off on Nationwide Catalytic Converter Theft Ring Taken Down in Raid

Twenty-one people in nine states were arrested and charged Nov. 2 with their roles in conspiracies to steal catalytic converters from vehicles across the country and sell them for profit. According to the U.S. Department of Justice, law enforcement from …

3 11, 2022

White Officer Must Pay $4.4M in Fatal Shooting of Black Driver in Ohio

By | November 3rd, 2022|Uncategorized|Comments Off on White Officer Must Pay $4.4M in Fatal Shooting of Black Driver in Ohio

EUCLID, Ohio (AP) – A white police officer who fatally shot a Black driver during a struggle inside a car in 2017 must pay his family $4.4 million. An Ohio jury made the award Tuesday, finding that Euclid officer Matthew …

3 11, 2022

FedEx Will Appeal $366 Million Jury Award in Worker’s Racial Bias Case

By | November 3rd, 2022|Uncategorized|Comments Off on FedEx Will Appeal $366 Million Jury Award in Worker’s Racial Bias Case

FedEx Corp. said it will challenge what may be the largest-ever jury verdict won by a worker suing over racial bias, $366 million awarded to a Black former saleswoman who claimed the company fired her after she complained about discrimination. …

3 11, 2022

Family of Man Killed by Detroit Police Files $50M Lawsuit

By | November 3rd, 2022|Uncategorized|Comments Off on Family of Man Killed by Detroit Police Files $50M Lawsuit

DETROIT (AP) – The family of Porter Burks, a Black man fatally shot during an early morning confrontation with Detroit police, is suing the city for $50 million, their lawyer announced Tuesday. Five unnamed officers also are named in the …

3 11, 2022

$6M Awarded in Missouri Asbestos Suit Against Ford, Others

By | November 3rd, 2022|Uncategorized|Comments Off on $6M Awarded in Missouri Asbestos Suit Against Ford, Others

ST. LOUIS (AP) – A St. Louis jury has ruled that Ford Motor Co. and other companies must pay $6 million to a Missouri family over claims that a woman’s death was caused by exposure to asbestos, including from dust …

3 11, 2022

Specialty Program Group Acquires Texas’ Catapult

By | November 3rd, 2022|Uncategorized|Comments Off on Specialty Program Group Acquires Texas’ Catapult

Specialty Program Group, an operator of specialty insurance brokerages and underwriting facilities, announced the acquisition of the assets of Catapult Insurance Solutions. Based in Carrollton, Texas, Catapult is a privately held managing general insurance agency and wholesale brokerage for niche …

24 10, 2022

Everest Insurance Launches Branches in France and Germany

By | October 24th, 2022|Uncategorized|Comments Off on Everest Insurance Launches Branches in France and Germany

Everest Insurance, the insurance division of Everest Re Group Ltd., announced its further expansion into the European market with the opening of two new branches in Paris, France and Düsseldorf, Germany. Plans for a third European branch opening in Madrid, …

24 10, 2022

Toymaker Mattel Agrees to Pay $3.5M to Settle SEC Charges

By | October 24th, 2022|Uncategorized|Comments Off on Toymaker Mattel Agrees to Pay $3.5M to Settle SEC Charges

California-based Toymaker Mattel Inc has agreed to pay $3.5 million to settle U.S. Securities and Exchange Commission (SEC) charges over financial misstatements in 2017, the agency said on Friday. Mattel, which makes Barbie and Fisher-Price toys, incorrectly reported its losses …

24 10, 2022

Credit Suisse to Pay $234M to Settle French Tax, Money Laundering Case

By | October 24th, 2022|Uncategorized|Comments Off on Credit Suisse to Pay $234M to Settle French Tax, Money Laundering Case

Credit Suisse agreed to pay France 238 million euros ($234 million) to settle a tax fraud and money laundering case on Monday, putting another legal headache behind it as it prepares a strategic overhaul. The agreement resolves an investigation in …

24 10, 2022

Landscapers Find Car Reported Stolen in 1992 — Buried at California Mansion

By | October 24th, 2022|Uncategorized|Comments Off on Landscapers Find Car Reported Stolen in 1992 — Buried at California Mansion

Three decades after a car was reported stolen in Northern California, police are digging the missing convertible out of the yard of a $15 million mansion built by a man with a history of arrests for murder, attempted murder and …