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FM Clients to Receive Share of $1 Billion in ‘Membership Credits’

Commercial property insurer FM announced an enhanced $1 billion membership credit for eligible mutual policyholders, allowing client-owners to receive more credit sooner. Johnston, Rhode Island-based FM said May 5 that with this year’s credit, FM will have returned more than …

SEC Chair Says Agency Plans to Create New Rules for Crypto Tokens

Paul Atkins, the chair of the Securities and Exchange Commission, laid out his vision for overhauling the agency’s cryptocurrency policies on Monday, saying he plans to establish guidelines for distributions of crypto tokens that are securities and consider whether additional …

Appeals Court: Florida Deputy Used Excessive Force and Is Not Immune From Suit

A Sarasota County sheriff’s deputy used excessive force on a handicapped, 100-pound driver in 2020 and is not entitled to immunity from lawsuits, a federal appeals court ruled in a case that could affect officers’ insurance coverage in similar cases. …

Labor Department Suing USPS Over Fired Texas Worker Who Reported Injury

The U.S. Department of Labor has filed a lawsuit against the U.S. Postal Service for what it says is the wrongful termination of an employee who fell while delivering mail and reported the work-related injury. An investigation by the department’s …

Wisconsin Republicans Kill Cannabis Legalization And Tax Increases for Millionaires

Republicans who control the Wisconsin Legislature voted to kill most of the top spending priorities of Democratic Gov. Tony Evers, including legalizing marijuana, even as both sides negotiate a tax cut. The Legislature’s Republican-controlled budget committee voted late last week …

Texas Insurance Fraudster Given Prison Sentence and $350K Fine

A federal judge sentenced a McAllen woman who reportedly helped commit property and title fraud schemes to 24 months in prison and three years of supervised release. Chief U.S. District Judge Randy Crane also ordered Mayela Saby Cantu to pay …

Family of Helicopter Pilot Killed in California Wildfire Reaches $15M Settlement

The family of a helicopter pilot who died when his helicopter crashed while fighting a wildfire in Southern California reached a $15 million settlement with the company that maintained the aircraft, their attorneys said. Michael Fournier was making water drops …

Police: Truck Crossed Center Line in Crash With Tour Van That Killed 7 Near Yellowstone

A pickup truck that collided with a tour van near Yellowstone National Park last week, killing seven people, crossed the highway’s center line and hit the van, according to Idaho State Police. Investigating troopers have determined that the Dodge Ram …

Report Describes Final Moments of Plane Crash That Killed Massachusetts Family

Federal investigators are outlining the final moments of a plane crash last month in upstate New York that killed a family from Massachusetts heading to the Catskills to celebrate a birthday and the Passover holiday. The victims of the April …

Space War: Marsh Sues Willis Over Aviation Insurance Hires Soliciting Clients

Insurance broker Marsh USA is asking a New York court to stop several former employees and rival Willis Towers Watson from preparing to steal its aviation and space insurance clients using confidential information. In a lawsuit filed in New York …

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