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

Former Sen. Reid Challenged on Testimony in Exercise Band Injury Suit

Former U.S. Sen. Harry Reid was challenged last Friday about his “veracity” and truthfulness after saying that his political career was cut short by an eye injury that he blames on an exercise band maker. Attorney Laurin Quiat, representing the …

AIG CEO Duperreault Was Paid $20.9 Million in 2018, Half of 2017 Compensation

Insurer American International Group Inc. said on Tuesday it paid Chief Executive Officer Brian Duperreault $20.9 million in 2018 while also outlining a series of reforms to its pay practices in the face of shareholder criticism. The pay, for Duperreault’s …

American Family Insurance to Acquire Ameriprise Auto & Home for $1 Billion

Ameriprise Financial is selling its Ameriprise Auto & Home (AAH) division to a subsidiary of Madison, Wisconsin-based American Family Insurance Mutual Holding Co. (American Family Insurance), the companies announced. Ameriprise will receive gross proceeds of $1.05 billion in cash in …

North Carolina Orders Duke Energy to Excavate All Coal Ash

The country’s largest electric company was ordered Monday to excavate coal ash from all of its North Carolina power plant sites, slashing the risk of toxic chemicals leaking into water supplies but potentially adding billions of dollars to the costs …

Synergy Professional Associates Expands Lawyers PL Program to 3 New States

Synergy Professional Associates, in partnership with Tokio Marine HCC – Professional Lines Group, has expanded its lawyers professional liability programs focusing on small law firms into Colorado, Florida and New Jersey. The new facilities target small law firms from one …

Section of Tennessee Highway Bridge Collapses, Injures 1

Police in Tennessee say one person has been injured when a section of a concrete wall on an interstate highway bridge collapsed and hit a car. Chattanooga police said on Twitter the section fell Monday from an overpass on southbound …

New Atlanta-Based Multicultural Women’s Network to Tackle Industry Leadership Gap

After 25 years in the insurance business both as an agent and consultant, Mernice Oliver has heard a consistent theme from the women she has worked with and coached: there are no leadership initiatives or groups focused on the challenges …

California Lawmaker Introduces Resilient Homes Initiative

A bill to that would enable the California Earthquake Authority to expand mitigation programs is making its way through state Legislature. State Sen. Majority Leader Bob Hertzberg, D-Van Nuys, this week released the details of the Resilient Homes Initiative, an …

California Jury Rules Chevron Must Pay $21M for Cancer Claims

A Northern California jury ordered Chevron Corp. to pay the families of two brothers who died of cancer a combined $21.4 million after concluding the company failed to properly warn the men about the dangers of a toxic solvent they …

Marsh & McLennan Agency Acquires Lovitt & Touché in Arizona

Marsh & McLennan Agency LLC has acquired Phoenix, Ariz.-based Lovitt & Touché. Terms of the deal were not disclosed. Charlie Touché, Lovitt & Touché CEO since 1998, will lead MMA’s operations in Arizona and the firm will operate as Lovitt …