Monthly Archives: <span>April 2017</span>

7 Texas Auto Dealer Employees Charged with Insurance Scams, Theft

Police in El Paso, Texas, say seven current and former employees of an auto dealership have been arrested for running a series of illegal schemes that included taking vehicles from the lot and stealing tires. Authorities said in a news …

Pipeline Company Investigating 19,000-Gallon Oil Spill in Oklahoma

A Houston-based pipeline company continued cleanup at the site of a nearly 19,000-gallon oil spill in northwest Oklahoma that threatened a local water supply over the weekend. Crews from Plains All American Pipeline were at the site in rural Loyal, …

Former Willis CEO Casserley Joins Warburg Pincus as Investment Advisor

Private equity firm Warburg Pincus said Dominic Casserley has joined the firm as a senior advisor in its Financial Services Group. Casserley formerly CEO of Willis Group Holdings, will help evaluate new investment opportunities in the financial services sector, including …

California Lawmakers Pondering Move to Dump Health Insurers

California lawmakers are considering an audacious proposal that would substantially remake the state’s health care system by eliminating insurance companies and guaranteeing coverage for everyone. The idea known as single-payer healthcare has long been popular on the left. It’s gaining …

Regulators in California Hit PG&E with $8.3M Fine for Deadly Wildfire

Regulators say they have fined Pacific Gas and Electric Co. $8.3 million for failing to maintain a power line that sparked a massive blaze in Northern California that destroyed 549 homes and killed two people. The California Public Utilities Commission …

$11.4M Settlement from California Oxygen Equipment Supplier

A company in California’s Bay Area that sells home oxygen equipment has agreed to pay more than $11 million to settle allegations that it profited from filing false reimbursement claims with the government. The San Francisco Chronicle reported the Justice …

Massachusetts Court Sides with Norfolk & Dedham in Personal Injury Suit

The Massachusetts Appeals Court has upheld a Superior Court decision that defendant, Norfolk & Dedham Mutual Fire Insurance Co., did not engage in unfair settlement practices in its handling of a personal injury claim. The court also reversed the portions …

House Committee Expected to Advance Overhaul of Dodd-Frank

A U.S. Congressional banking panel is moving to advance legislation that would overhaul how the government regulates the financial sector, although it faces obstacles towards becoming law. Representative Jeb Hensarling, who chairs the House Financial Services Committee, is considering amendments …

Fire Guts New York Mill Owned by Cooperstown Baseball Bat Maker

A fire has heavily damaged the upstate New York mill owned by a Cooperstown-based wood baseball bat company. Emergency officials in Otsego County say the fire was reported around 6 p.m. Monday at Cooperstown Bat Co.’s mill in the town …

Appeals Court Upholds $250K in Damages Against Pan Am for Injured Maine Employee

A federal appeals court has upheld $250,000 in damages against Pan Am Railways, saying the company illegally retaliated against a Maine employee. The Portland Press Herald reports conductor Jason Raye told his supervisors about a pile of railroad ties next …