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

Argo Shareholder Accuses CEO Watson of ‘Shockingly High’ Corporate Expenses

An Argo Group shareholder is nominating four new directors to counter what it alleges are “shockingly high” corporate expenses including pricey real estate, an office art collection, and CEO Mark Watson III’s personal use of company-owned aircraft and housing. Argo, …

Court Rules that Victims of Colorado Planned Parenthood Shooting Can Sue

A Colorado appeals court has ruled that victims of the 2015 shooting at a Planned Parenthood clinic in Colorado Springs can sue the nonprofit organization over what they argue was lax security. The Gazette reports that the ruling reverses a …

FBI Looking for Victims of Alleged Workers’ Comp Scheme Run by California Firm

The FBI is seeking to identify businesses that may be victims of an alleged nationwide workers’ compensation insurance, health care insurance, and pension plan fraud scheme. The FBI is urging businesses that purchased policies from Clovis, Calif.-based American Labor Alliance …

Brazil Health Agency Says Weedkiller Glyphosate Does Not Cause Cancer

Analysts at Brazilian health agency Anvisa have determined that the weedkiller glyphosate does not cause cancer while recommending exposure limits as international pressure to reduce use of the chemical grows. Companies such as Bayer AG and its unit Monsanto, which …

Altman Says Private Market Flood Insurance Has Grown in Pennsylvania

Pennsylvania Insurance Commissioner Jessica Altman said the number of private market flood insurance policies in Pennsylvania jumped 72 percent from February 2018, as she continued urging homeowners, business owners and renters to shop around in the increasingly competitive flood insurance …

Utility Crews Work to Restore Power to Thousands in Pennsylvania After Winds

Utility crews are working to restore power to thousands of Pennsylvania customers following high winds that roared through the commonwealth, knocking down trees and power lines. PPL Electric reported more than 20,000 customers without power and said crews were responding …

China’s Biggest Oil & Gas Producer Halts Fracking After Series of Quakes

The backlash against shale drilling in earthquake-prone regions — a thorn in the side of U.S. energy companies for the past decade — reached China this week after a series of temblors killed two people and reduced homes to rubble. …

What Young Insurance Agents Earn, Think and Say

Young agents want change. They want more diversity in the agency sales ranks. They want better paths to grow in their careers. They want other agents to adhere to professional standards and ethics. They want faster and better technology in …

Cuomo Drops Proposal to Ban All Modified Stretch Limos in New York

New York Governor Andrew Cuomo is dropping a proposal to ban all modified stretch limousines, an idea prompted by last fall’s crash that killed 20 people. The Times Union of Albany reports that the provision was stricken from Cuomo’s state …

Swedbank Money Laundering Scandal Deepens with Possible Ukraine Connection

Allegations of money laundering against Sweden’s oldest bank grew this week to draw in some of the former Soviet Union’s most notorious individuals. Viktor Yanukovych, the president of Ukraine until 2014, used an account at the Baltic unit of Swedbank …