Monthly Archives: <span>February 2016</span>

Connecticut Announces Its 10th Captive Insurer

The Connecticut Insurance Department announced that a Syosset, New York-based construction services firm, RC Structures, is establishing its captive insurance operations in Connecticut. The new captive, called RCX Insurance Company, is the 10th licensed captive insurer in Connecticut. “RC Structures …

Houston Jury Awards Family $53M for Kyle Field Demolition Fatality

Relatives of a demolition worker have been awarded $53 million over his 2013 death after falling four stories during renovation of Texas A&M’s Kyle Field. Jurors in Houston on decided on damages in the negligence lawsuit filed on behalf of …

Chicago Taxis Aim to Counter Ride-Hailing Industry with Apps

Chicago’s taxicab industry has rolled out two official ride-hailing apps to compete with the likes of Uber and Lyft. The department that regulates Chicago’s taxi industry announced a marketing campaign to publicize the apps, Arro and Curb. The city chose …

Jury Awards $600K to 3 Ohio Women in Chipotle Discrimination Suit

Three Ohio women who filed a federal lawsuit accusing Chipotle Mexican Grill of gender discrimination have been awarded a total of about $600,000 in damages. A U.S. District Court jury in Cincinnati found the Denver-based chain liable after determining it …

J.M. Wilson Adds Benda, Mandwee

Property/casualty insurance wholesaler J.M. Wilson has hired Adam Benda as claims representative and personal lines underwriter. The company also Adam Mandwee as assistant fleet underwriter in its Portage, Mich. office. Prior to joining J.M. Wilson, Benda worked as an underwriting …

Willis Group Reports (Pre-Merger) Q4 Loss of $24M, vs. Q4 2014 Earnings of $76M

Willis Group reported a net loss of $24 million, or $(0.35) per diluted share during the fourth quarter of 2015, compared to earnings of $76 million, or $1.12 per diluted share, in the prior year quarter. During the 12 months …

California Man Pleads Guilty to Defrauding Tribe Through Workers’ Comp Scam

A Northern California man has pleaded guilty to defrauding an Indian tribe for millions of dollars as part of a workers’ compensation scam. The Sacramento Bee reported that 46-year-old Gregory Chmielewski last month pleaded guilty to two counts of fraud. …

Cleanup Plan Finally Approved For Contaminated Montana Town

The U.S. Environmental Protection Agency granted final approval this week to a costly cleanup program for a Montana community where health officials say hundreds of people have been killed by asbestos poisoning. The agency’s action comes more than 15 years …

Bankruptcy Would Be ‘Huge Mistake’ for Puerto Rico, Says Bond Insurer

The question of whether bankruptcy is a good option for Puerto Rico came to a head at an investor conference featuring the island’s top restructuring adviser and head of one of the bond insurers with the most exposure to the …

Uber to Pay $28M to Settle Claims over Its ‘Safe Rides Fee’

Uber Technologies Inc. said it will pay $28.5 million to settle claims that a $1 “safe rides fee” charged to riders was misleading because its background checks on drivers aren’t as rigorous as the company advertised. The company said in …