17 05, 2021

Meetings to Be Held on Status of PFAS Chemicals in New Hampshire Communities

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Meetings will be held online for three southern New Hampshire communities to give the public updates on the status of chemicals found in the water, the Department of Environmental Services said. The meetings are scheduled for Litchfield on May 17, …

17 05, 2021

Ex-Bank Official in Massachusetts Gets Year in Prison for $1.5M Embezzlement

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A former Bank of America manager who pleaded guilty to embezzling $1.5 million from a company that did business with the bank and using some of the money to buy a luxury Porsche SUV has been sentenced to a year …

17 05, 2021

Oregon Landowner Suit Seeks $103M from Public Utilities for Wildfire

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A lawsuit filed on behalf of 70 landowners in Oregon’s McKenzie River Valley seeks $103 million from Lane Electric Cooperative and Eugene Water and Electric Board for damages linked to one of the Labor Day fires that ravaged communities around …

17 05, 2021

California Crash Victim Posted Videos Riding in Tesla on Autopilot

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The driver of a Tesla involved in a fatal crash that California highway authorities said may have been operating on Autopilot posted social media videos of himself riding in the vehicle without his hands on the wheel or foot on …

17 05, 2021

1K L.A. Residents Under Ordered to Evacuate in Wildfire

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About 1,000 Los Angeles residents were evacuation orders on Monday as firefighters protected canyon homes from a smoky wildfire that churned through vegetation that hasn’t burned in half a century. The cause of the fire in steep, inaccessible terrain near …

17 05, 2021

Law Firms and Their Insurers Feel the Pain of Bigger Malpractice Claims

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Even as law firms made adjustments to sustain their operations through the COVID-19 pandemic, they were unable to avoid the rising costs of malpractice claims. Indeed, the time period beginning in 2019 through mid-2020 marked the worst two years on …

17 05, 2021

People Moves: Hannover Re’s Bruns to Peak Re; AIG’s Nagra to BHSI; 4 Mosaic Hires

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This wrap-up of international People Moves details recent appointments at Peak Reinsurance, Berkshire Hathaway Specialty Insurance and the new Bermuda-based insurer Mosaic. A summary of these new hires follows here. Peak Reinsurance Co. Ltd., the Hong Kong-based global reinsurer, announced …

17 05, 2021

Supreme Court Backs Challenge to IRS Micro-Captive Reporting Rule

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The U.S. Supreme Court has allowed a challenge to an Internal Revenue Services (IRS) requirement for firms to report micro-captive insurance arrangements to proceed. The IRS authority to require the captive reporting is being challenged as invalid by a Tennessee …

17 05, 2021

Michigan Man Must Pay Nearly $775K Restitution in Insurance Fraud Case

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A Michigan man has been ordered to pay restitution of nearly $775,000 for an alleged insurance scam, the state insurance department says. Michigan Department of Insurance and Financial Services (DIFS) Fraud Investigation Unit, in conjunction with the Ogemaw County Sheriff’s …

17 05, 2021

Emerson Reid Acquires Ohio’s May Insurance Services

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Emerson Reid LLC, an employee benefits wholesale general agent, has acquired Columbus, Ohio-based employee benefits services firm, May Insurance Services Inc., led by John May. Established in 1990, May Insurance Services works with agents throughout Ohio. The company specializes in …