Monthly Archives: <span>April 2020</span>

U.S. Economy Hit Hard in Q1 But Worse Contraction Still to Come

The U.S. economy contracted in the first quarter at its sharpest pace since the Great Recession as stringent measures to slow the spread of the novel coronavirus almost shut down the country, ending the longest expansion in the nation’s history. …

In Louisiana, 1 Month of Unemployment Benefits – 302K Claimants, $561.3M Paid

Between March 22 and April 22, Louisiana Workforce Commission (LWC) paid out $561,358,411 in total benefits to over 302,000 Louisianians whose employment has been impacted by the COVID-19 pandemic. By comparison, in all of 2019 LWC paid a total of …

Global Reinsurers See Robust Capital Growth of 15% in 2019: Willis Re

Total capital dedicated to the global reinsurance industry measured US$605 billion at year-end 2019, reflecting robust 15% year-on-year growth, according to Willis Re’s latest Reinsurance Market Report. This was primarily driven by 2019’s strong investment market performance and was achieved …

Alabama to Re-Open Retail Stores, Beaches on Thursday

Alabama Gov. Kay Ivey on Tuesday said that retail stores, beaches and non-emergency medical procedures can resume, with limits, later this week as she announced a loosening of state restrictions because of the coronavirus outbreak. Ivey, a Republican, said a …

Company Settles Texas Disability Accommodation Suit for $66K

Assisted Living Concepts LLC, doing business as Enlivant, a national owner and operator of senior living facilities, has settled a federal disability discrimination lawsuit related to a facility in Dallas, Texas. The company will pay a former chef $66,000 and …

Program Management Specialist R&Q Receives Equity Investment of $100M

Randall & Quilter Investment Holdings Ltd., the global program management and legacy acquisitions specialist, announced it has received an equity investment of US$100 million, which is designed to help it capitalize on opportunities in its specialty business areas. R&Q said …

Caffeine Bought Online Killed Ohio Teen. Is Amazon at Fault?

Logan Stiner was just days from high school graduation when his brother found him unresponsive in their family’s home southwest of Cleveland, Ohio, in May 2014. Stiner, 18, died of cardiac arrhythmia and seizure from acute caffeine toxicity, a coroner …

2 Injured in Explosion at Western Iowa Gas Station, Auto Shop

Two men who were inside a western Iowa gas station and auto repair shop when it was leveled by an explosion are expected to recover from their injuries. Dan Grote, co-owner of Earling Standard Shop, received stitches for cuts and …

Chicago-Area Nursing Home Workers Threaten Strike in Midst of Pandemic

Workers at 40 Chicago-area nursing homes announced they have set a May 8 strike date over wages as many of the facilities are treating patients suffering from the coronavirus. Members of the Service Employees International Union, which represents more than …

Velocity Risk Unveils New Coastal Homeowners Product for Florida, Texas

Velocity Risk Underwriters LLC has expanded its insurance products for homeowners in coastal areas of Florida and Texas. The company launched Velocity Flex Home as an additional homeowners product in Texas and Florida to give appointed agents the ability to …