Yearly Archives: <span>2021</span>

The Villages Insurance Partners of Florida Adds Allstate Agent Sheats

The Villages Insurance Partners of Florida has added Alexis Ball-Sheats to its team of Personal Lines Risk Consultants. Ball-Sheats will be one of three licensed risk consultants at the agency’s Mulberry Grove location specializing in home, auto, and golf car …

Banker Enns to Succeed Retiring Chubb CFO Bancroft

Chubb announced that Philip Bancroft, executive vice president of Chubb Group and chief financial officer, plans to retire from the company on July 1 after 19 years of service. Peter Enns, an investment banker who was most recently the Global …

U.S. Charges 2 Oil Workers With Allowing Gulf of Mexico Oil Spills

Two Fieldwood Energy LLC oil workers face federal criminal charges for allegedly separately allowing crude oil spills from offshore U.S. Gulf of Mexico platforms to avoid required shut downs. The two were indicted Tuesday for spills in 2015 and 2018, …

Analysis: Fight Over Mississippi Flood Control Project Continues

Farmers and environmentalists have been arguing for decades over proposals for a massive federal flood-control project in the south Mississippi Delta. The fight is continuing into a new presidential administration. Four conservation groups are suing the Environmental Protection Agency, with …

Kansas Insurance Agent to Repay $86K After Guilty Plea

A former Kansas insurance agent from Johnson County has pleaded guilty to insurance fraud charges and agreed to repay nearly $86,000 in restitution, the state’s attorney general’s office reported. Kansas Attorney General Derek Schmidt said Armond R. Peghee, 42, pleaded …

N.Y. Court Takes Contrary Position on Insurers’ Right to Recoup Defense Costs

It has long been understood that under New York law, an insurance company may recoup defense costs paid on behalf of an insured once it has been ultimately determined that there was no coverage in connection with the underlying action, …

Fire Official Says Arcing Power Lines Caused Big Nevada Brush Fire

Satellite imagery and surveillance video from a casino roof 5 miles away helped pinpoint arcing power lines in gale force winds as the cause of a November brush fire that destroyed five Reno homes and damaged two dozen others, investigators …

Deal Offers More Financial Services for California Cannabis Firms

A California cannabis industry group announced Tuesday that it reached an agreement with a state credit union that will provide checking, wire transfers and other banking services for more marijuana companies, helping ease what has been an obstacle for many …

Judge Approves Settlement in Annapolis Housing Discrimination Lawsuit

A federal judge has approved a consent decree between the Maryland city of Annapolis and dozens of public housing residents. The Capital Gazette reported Tuesday that the decree will mandate that the city pay a $900,000 settlement in a discrimination …

Travelers Insurance Profit Soared in Q4 on Fewer Claims, Investment Gains

Property and casualty insurer Travelers Cos. Inc. reported a jump in quarterly profit that beat analysts’ estimates on Thursday, helped by an increase in returns from investments and lower catastrophe claims. Travelers reported a core income of $1.26 billion, or …