Monthly Archives: <span>May 2018</span>

Dedicated DocuSign Investor Turned $18 Million Into $700 Million in 12 Years

The biggest winner of DocuSign Inc.’s long-awaited initial public offering isn’t well-known. The venture capitalist has never appeared on a Midas List, and his firm isn’t one of the venerable investment firms on Sand Hill Road in Silicon Valley. But …

North Carolina Man Accused of $5M Crop Insurance Fraud Scheme

Federal prosecutors have accused a North Carolina man of stealing more than $5 million in federal crop insurance funds over a four-year period. U.S. Attorney Robert J. Higdon Jr. said in a news release multiple charges are filed against 43-year-old …

NRA Tells Judge It Fears Harassment in Suit Over Florida Gun Law

Two 19-year-old Florida residents who joined the National Rifle Association in suing over the state’s new gun-control law asked a federal judge to let them remain anonymous, saying they fear for their safety because NRA staff have received threatening calls …

Charter Bus Carrying High School Chorus Crashes in South Carolina, 17 Injured

Authorities say 17 people were hurt, two seriously, when a charter bus carrying a high school chorus team crashed in South Carolina. Colleton County Fire-Rescue Chief Barry McRoy tells WCIV-TV the crash happened early Sunday on Interstate 95 in the …

California High Court Rules on Independent Contractors Matter

In a big win for labor advocates, the California Supreme Court on Monday limited businesses from classifying workers as independent contractors who can’t receive key employment protections. Experts expect the ruling to expand the number of workers eligible for minimum …

Purviance Takes Helm from DeCarlo at AmWINS; Other Management Changes Take Effect

Scott M. Purviance has officially succeeded M. Steven DeCarlo as the chief executive officer at specialty wholesale broker AmWINS Group. The Charlotte-based brokerage also announced other that management changes have taken effect. AmWINS previewed Purviance’s elevation and the other management …

M3.3 Magnitude Rattles Shakes San Francisco Bay Area

A minor earthquake has shaken the San Francisco Bay area, the United States Geological Survey confirmed. The USGS says an earthquake with a preliminary magnitude of 3.3 struck just before 5 a.m. on Monday. The epicenter of the quake was …

Delaware’s Suit Against Drugmakers Over Opioids Remanded to State Court

A federal judge has ruled that Delaware’s lawsuit against drug manufacturers, distributors and drugstores over the opioid crisis should be sent back to state court. In a ruling last week, the judge granted the state’s request to remand the case …

Pennsylvania Governor Wolf Vetoes Workers’ Compensation Drug Formulary Bill

Pennsylvania Governor Tom Wolf has vetoed Senate Bill 936, which sought to amend the state’s Workers’ Compensation Act by establishing a formulary, or a list of prescription medications that could be prescribed to injured workers. “The formulary proposed in this …

Acquisition of Novae Boosts Q1 Results for AXIS Capital

AXIS Capital Holdings saw its first-quarter net income and premium volume jump considerably, year-over-year, gains driven largely from its $611.5 million acquisition of Novae Group plc in late 2017. The Bermuda-based insurer and reinsurer booked $63 million in net income …