News

Update: Volkswagen’s U.S. Diesel Settlement Tab to Top $15 Billion

German automaker Volkswagen AG will pay more than $15.3 billion to settle charges that it cheated on U.S. diesel emissions tests, an agreement that will fund buybacks for consumers and provide up to $4.7 billion that could benefit makers of …

Austin Interstate 35 Rock Throwing Suspect Faces Felony Charges

Court documents say a man suspected of throwing rocks at cars along Interstate 35 in Austin is facing three felony charges related to the incidents, one of which left a driver with brain damage. Authorities say 59-year-old Patrick Eugene Johnson …

Wisconsin Lawmaker Wants to Make Businesses Liable for Gun Injuries

A Republican state lawmaker wants Wisconsin businesses to be held liable for any gun-related injuries that may occur on their premises. State Rep. Bob Gannon, of Slinger, says he plans to introduce the bill for the Legislature to consider in …

Texas Energy Exec Charged with Defrauding Investors

A Texas energy company CEO dubbed the “frack master” is charged with defrauding investors of about $80 million, including misappropriating at least $30 million for personal expenses, including private jets and gentlemen’s clubs, to “maintain a lifestyle of decadence and …

Parish Officials Warn of Isolation for Louisiana Flood Buyout Refusal

Rapides Parish officials are warning a handful of holdouts in south Alexandria, La., subdivisions that they could be isolated if they don’t accept federally-financed flood buyouts. Carrie Robinette, grant administrator for the Rapides Area Planning Commission, said officials have purchased …

Illinois Insurance Co-Op Sues Feds over ACA Payments

A struggling Illinois health insurance co-op is suing the federal government, claiming it is being shortchanged $72.8 million in promised payments under the Affordable Care Act. Chicago-based Land of Lincoln Health filed the lawsuit in the U.S. Court of Federal …

J.M. Wilson Adds 2 in Underwriting Positions in Illinois

Managing general agency and surplus lines broker, J.M. Wilson, has hired Chance Winke and Tim Frawley in underwriting positions in its Arlington Heights, Ill., office. Winke is an assistant in the transportation underwriting department and will serve independent insurance agents in Illinois, …

NFP Completes Sale of Majority Stake in Kestra Financial to Stone Point Capital

NFP, an insurance broker and consultant, has completed the sale of a majority stake in Kestra Financial (Kestra) to funds managed by Stone Point Capital LLC (Stone Point), a private equity firm focused on investing in the financial services industry. …

Firefighters Advance on California Blaze That’s Destroyed 200 Homes

Fire crews are making inroads against a raging wildfire in central California that has claimed two lives and destroyed 200 homes. Roughly 2,000 firefighters were battling the blaze, according to officials. Federal fire officials said Sunday evening that containment on …

Mother of Oregon Child Strangled by Window Blinds Sues Apartment for $4M

The mother of a 3-year-old girl who died after being strangled by a window blinds cord in a Clackamas County, Ore. apartment has filed a $4 million lawsuit. The Oregonian/OregonLive reported Sahrye Imani Hardy had been visiting a resident at …

News Archives by Month