Monthly Archives: <span>June 2019</span>

Former Ohio Insurance Agent and Investment Adviser Gets 5 Years for Fraud Scheme

Former Dayton, Ohio-area insurance agent and investment adviser has been sentenced to five years in prison after being convicted of insurance fraud and conducting a “Ponzi” scheme targeting elderly consumers. The Ohio Department of Insurance reported that John Gregory Schmidt …

Louisiana Commissioner: Insurance Discounts Available for Active Military, Veterans

Louisiana Insurance Commissioner Jim Donelon says insurance discounts and benefits are available in the state for active duty service members and veterans of the United States Armed Forces both during and after their tour of duty. The following benefits are …

Washington State Utility Caused Fatal Fire, Lawsuit Contends

The family of a Washington man who died in a house fire has filed a lawsuit against a public utility. The Everett Herald reported that the family of 93-year-old Glen Allen filed the wrongful death lawsuit against the Snohomish County …

Jump in Western U.S. Wildfires Means Smoke’s Health Impact Will Spread

Climate change in the Western U.S. means more intense and frequent wildfires churning out waves of smoke that scientists say will affect tens of millions of people and cause premature deaths to spike. That’s prompting people in cities and rural …

Bondholders Propose Bankruptcy Exit Plan Up to $30B for PG&E

A committee of bondholders of PG&E Corp.’s utility unit on Tuesday proposed a bankruptcy reorganization plan that would inject up to $30 billion to help the California power provider emerge from Chapter 11 and pay off its liability from wildfires. …

AIR Expands Europe Inland Flood Model, Updates UK Storm Surge Analysis

Catastrophe risk modeling firm AIR Worldwide announced it has released an expanded inland flood model for Central Europe to include the country of Poland in its model domain. AIR also announced that it has updated the storm surge component of …

Student Loans, Family Leave, Telemedicine, Standing Desks: Tailoring Benefits to Multigenerational Workforce

While the United States’ stable job market and regulatory environment have kept employee benefits offerings steady, some benefits such as student loan repayment, paternity leave, telecommuting, standing desks and telemedicine are gaining notable upward traction. Companies are researching on their …

Purdue’s Sackler Family Must Face Opioid Suits in New York

The billionaire owners of Purdue Pharma LP must face a New York lawsuit claiming they triggered the U.S. opioid epidemic, a judge ruled, handing an early victory to states and local governments seeking to recoup billions of dollars in social …

Beazley Snares Cyber Underwriters from Chubb, Gallagher for U.S. Regions

Specialty insurer Beazley has hired two cyber and technology underwriters in the U.S. to meet growing demand from middle market businesses for insurance cover for cyber, data security and privacy exposures. Jennifer Lushbough Beard joins Beazley from Chubb where she …

Judge Open to ‘Novel’ Idea of Local Government Class for Opioid Settlement Talks

A judge backed a push by U.S. cities and counties suing opioid makers such as Purdue Pharma LP and Johnson & Johnson to negotiate a settlement as a group but put off until August a final decision on the request. …