1 05, 2023

South Florida Jury Awards Woman $5.5M from Mold, Water Damage in Condo

By | May 1st, 2023|Uncategorized|Comments Off on South Florida Jury Awards Woman $5.5M from Mold, Water Damage in Condo

A south Florida jury has awarded $5.5 million to a woman who sued her condominium association after years of water infiltration and mold that the woman blamed for the death of her longtime domestic partner in 2021. The Broward County …

1 05, 2023

Mississippi Tire Plant Partly Covered, Will Reopen in June After Tornado

By | May 1st, 2023|Uncategorized|Comments Off on Mississippi Tire Plant Partly Covered, Will Reopen in June After Tornado

A northeast Mississippi tire plant that was damaged by an April tornado is expected to restart production in June. Goodyear Tire & Rubber Co. said this week that it was likely to take several months for its Cooper Tire plant …

1 05, 2023

TN Volkswagen Plant Shut Down After Three Workers Hit by Vehicle Outside

By | May 1st, 2023|Uncategorized|Comments Off on TN Volkswagen Plant Shut Down After Three Workers Hit by Vehicle Outside

Management shut down production Saturday at a Volkswagen plant in Tennessee after three workers were struck by a vehicle on a walkway just outside the plant, authorities said. One person was killed, a second was critically injured and a third …

1 05, 2023

Georgia Sheriff’s Chief of Staff Charged with Insurance Fraud in ‘Hit-and-Run’ Claim

By | May 1st, 2023|Uncategorized|Comments Off on Georgia Sheriff’s Chief of Staff Charged with Insurance Fraud in ‘Hit-and-Run’ Claim

The chief of staff for an Atlanta-area sheriff has been charged with insurance fraud after an investigation found that he had lied about the circumstances of an accident. Braxton Tyree Cotton, 41, a major in the Cobb County Sheriff’s Office, …

1 05, 2023

Fed Report on SVB Collapse Could Buoy Shareholder Lawsuits

By | May 1st, 2023|Uncategorized|Comments Off on Fed Report on SVB Collapse Could Buoy Shareholder Lawsuits

A scathing Federal Reserve report on the collapse of Silicon Valley Bank released on Friday could be a boon to shareholders suing the defunct lender’s executives for allegedly hiding risks that led to its stunning downfall, legal experts said. The …

1 05, 2023

First Republic Regulators Rush to Fix Crisis as Banks Make Bids

By | May 1st, 2023|Uncategorized|Comments Off on First Republic Regulators Rush to Fix Crisis as Banks Make Bids

US regulators were rushing to resolve the First Republic Bank crisis Sunday after a midday deadline passed for submitting final bids to take over the struggling lender. The Federal Deposit Insurance Corp. had asked banks including JPMorgan Chase & Co., …

1 05, 2023

Ex-CFO Gets 3 Years Prison for Stealing From SPACs to Trade Meme Stocks, Crypto

By | May 1st, 2023|Uncategorized|Comments Off on Ex-CFO Gets 3 Years Prison for Stealing From SPACs to Trade Meme Stocks, Crypto

A former chief financial officer of multiple special purpose acquisition companies (SPACs) was sentenced to three years in prison for embezzling more than $5 million from them, and losing almost all of it trading meme stocks and cryptocurrencies. Cooper Morgenthau, …

1 05, 2023

Maine asks railroad to fix roads, culverts after derailment

By | May 1st, 2023|Uncategorized|Comments Off on Maine asks railroad to fix roads, culverts after derailment

Maine environmental regulators have asked a railroad cleaning up a freight train derailment site to repair forest management roads and culverts damaged by heavy equipment and that led to the discharge of sediment into area waters. State Department of Environmental …

1 05, 2023

Executive Bonuses in Crosshairs in New CO2 Proposal: ESG Regulation

By | May 1st, 2023|Uncategorized|Comments Off on Executive Bonuses in Crosshairs in New CO2 Proposal: ESG Regulation

Executives will face bonus cuts if the companies they run fail to hit climate transition targets, under a new European Union proposal that greatly expands the range of levers regulators can draw on to meet terms of the Paris Agreement. …

12 04, 2023

TWIA Board to Meet April 18 to Discuss Action on 2023 Reinsurance

By | April 12th, 2023|Uncategorized|Comments Off on TWIA Board to Meet April 18 to Discuss Action on 2023 Reinsurance

The Texas Windstorm Insurance Associated Board of Directors will meet Tuesday, April 18 to discuss taking possible action on the TWIA’s reinsurance purchase for the 2023 storm season. TWIA’s reinsurance broker, Gallagher Re, will present information to the Board on …