Canadian Imperial Bank of Commerce CM.TO plans to appeal a New York judge’s order that it pay about $848 million in damages to private equity firm Cerberus Capital Management, in a contract dispute tied to the 2008 global financial crisis. …
Peloton Interactive Inc. has agreed to pay a $19 million fine for failing to promptly report a defect with its Tread+ treadmill that could cause serious injury, U.S. regulators said on Thursday. The Consumer Product Safety Commission (CPSC), in a …
CHICAGO (AP) – Severe weather that swept Illinois on Tuesday produced at least six tornadoes, the largest number of rare January tornadoes recorded in the state since 1989, the National Weather Service said. Five of the tornadoes occurred in central …
BATON ROUGE, La. (AP) – The bodies of all four people who were aboard a helicopter that crashed into the Gulf of Mexico while departing an oil platform last week have been recovered. The U.S. Coast Guard recovered the bodies …
ELKHART, Ind. (AP) – A woman who pleaded guilty to arson for allegedly helping her boyfriend set fire to several barns in northern Indiana was sentenced Tuesday to eight years on house arrest. An Elkhart County judge gave Sherry Thomas …
The U.S. Environmental Protection Agency (EPA) announced a settlement with Earth City, Missouri, polyurethane manufacturer Foam Supplies Inc. to resolve alleged violations of the federal Clean Air Act’s Risk Management Plan Rule. The settlement requires the company to pay a …
Skyward Specialty Insurance Group, Inc. (“Skyward Specialty” or the “Company”) announced Jan. 4 the launch of its initial public offering of its common stock. The offering consists of 4,750,000 shares of common stock offered by Skyward Specialty and 3,750,000 shares …
Graham-Rogers Insurance Promotes Bishop and Makes New Hires Jim Bishop has been promoted to division leader at Standard Lines Services, a division of Graham-Rogers Insurance, which is headquartered in Bartlesville, Oklahoma. Bishop has extensive experience in commercial and personal lines …
Department of Business and Industry Director Terry Reynolds announced the appointment of Nick Stosic as Interim Insurance Commissioner at the Nevada Division of Insurance. Stosic’s appointment becomes effective on Friday. The appointment was made following the Commissioner Barbara Richardson’s resignation. …
Global insurance losses for natural catastrophes are projected to reach $112 billion in 2022, reinsurance broker Guy Carpenter said on Friday, driven by the impact of Hurricane Ian which hit Florida earlier this year. Flood and hail in Europe, Australian …