1 03, 2021

Suit Claims Sidewalk Caused Man’s Death in Washington

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A Clark County, Wash., woman has filed a lawsuit against the city of Vancouver claiming that poor sidewalk maintenance contributed to her brother’s death more than a year ago. According to the suit, filed in Clark County Superior Court on …

1 03, 2021

Mass. Court Says Injured Worker Can’t Charge Insurer for Medical Marijuana Expenses

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The Massachusetts Appeals Court has found that a worker can’t charge his workers’ comp insurer for the cost of medical marijuana treatment due to a work-related injury. This comes after Mark T. Delano initially sought compensation for his medical marijuana …

1 03, 2021

Top Workplace Discrimination Complaints of 2020: Retaliation #1

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More than half of all workplace discrimination complaints filed with the U.S. involve retaliation, according to figures from the Equal Employment Opportunity Commission (EEOC). Retaliation was the most frequently cited claim in charges filed with the agency—accounting for 55.8 percent …

1 03, 2021

Ex-Credit Suisse CEO Raises $300M for Financial Services-Focused SPAC

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Former Credit Suisse Group AG Chief Executive Officer Tidjane Thiam raised $300 million for his blank-check company after boosting the size of the deal. Thiam’s Freedom Acquisition I Corp. sold 30 million units at $10 apiece in its U.S. initial …

1 03, 2021

S. Africa’s Steinhoff in Talks with D&O Insurers to Help Settle Accounting Crisis Claims

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Steinhoff International Holdings NV is in talks with the providers of director liability insurance policies about help settling legal claims resulting from a 2017 accounting crisis that took the South African retailer to the brink of collapse. An agreement with …

1 03, 2021

GEICO Drives Up Berkshire 2020 Underwriting Profit

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With GEICO’s 2020 underwriting profit more the doubling above the level recorded in 2019, Berkshire Hathaway’s full-year property/casualty underwriting income was in the black, even though the conglomerate’s P/C reinsurance units saw underwriting losses in both years. Taken together, $3.4 …

1 03, 2021

Texas Records $613.58M in Surplus Lines Premium in January

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Surplus lines premium continues its steady rise in Texas, with $613.58 million recorded in January, and increase of 13.6% compared with January 2020, according to the Surplus Lines Stamping Office of Texas (SLTX). Many lines of business increased over the …

1 03, 2021

Nebraska’s Applied Underwriters Promotes 4 in Actuarial Department

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Justin Smith, Jing Hong, Joan Klucarich and Jordan Comacchio have been promoted at Omaha, Nebraska-based global insurance and risk services firm Applied Underwriters, which is expanding its actuarial faculty and resources. Smith was named chief underwriting officer; Hong, chief actuary; …

1 03, 2021

Ohio Roofing Contractor Cited for Safety Violations, Fined $117.5K

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An Ohio roofing contractor has been cited for the sixth time since 2012 by federal workplace safety regulators for failing to ensure workers used required fall protection equipment. The U.S. Department of Labor’s Occupational Safety and Health Administration cited Ivan …

1 03, 2021

3 Vehicles Stolen in Attack on Illinois Luxury Car Delivery Driver

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Four men attacked a luxury car delivery driver in suburban Chicago and took off with three high-end vehicles, authorities said. The attack, which was captured on video, took place early in the morning on Feb. 25 at Jidd Motors in …