Monthly Archives: <span>March 2021</span>

S. Africa’s Steinhoff in Talks with D&O Insurers to Help Settle Accounting Crisis Claims

Steinhoff International Holdings NV is in talks with the providers of director liability insurance policies about help settling legal claims resulting from a 2017 accounting crisis that took the South African retailer to the brink of collapse. An agreement with …

Ex-Credit Suisse CEO Raises $300M for Financial Services-Focused SPAC

Former Credit Suisse Group AG Chief Executive Officer Tidjane Thiam raised $300 million for his blank-check company after boosting the size of the deal. Thiam’s Freedom Acquisition I Corp. sold 30 million units at $10 apiece in its U.S. initial …

Top Workplace Discrimination Complaints of 2020: Retaliation #1

More than half of all workplace discrimination complaints filed with the U.S. involve retaliation, according to figures from the Equal Employment Opportunity Commission (EEOC). Retaliation was the most frequently cited claim in charges filed with the agency—accounting for 55.8 percent …

Mass. Court Says Injured Worker Can’t Charge Insurer for Medical Marijuana Expenses

The Massachusetts Appeals Court has found that a worker can’t charge his workers’ comp insurer for the cost of medical marijuana treatment due to a work-related injury. This comes after Mark T. Delano initially sought compensation for his medical marijuana …

Suit Claims Sidewalk Caused Man’s Death in Washington

A Clark County, Wash., woman has filed a lawsuit against the city of Vancouver claiming that poor sidewalk maintenance contributed to her brother’s death more than a year ago. According to the suit, filed in Clark County Superior Court on …

Oregon Hotel Fined for Overcharging People During Wildfire

A hotel in Roseburg, Oregon, has been fined $31,000 for overcharging dozens of area residents who sought rooms after fleeing a large wildfire in September. The News-Review reports SUBH Investment LLC, which does business as Days Inn by Wyndham in …

Quake Rattles Alaska’s Largest City, No Damage Reported

A moderate earthquake centered just 9 miles northwest of Anchorage was confirmed in Alaska’s largest city on Saturday. The Alaska Earthquake Center said the temblor was an aftershock of the magnitude 7.1 earthquake that caused widespread damage throughout the Anchorage …

Skier Sues Wyoming Resort for Alleged Chairlift Accident

A Colorado woman is suing a Wyoming ski resort for more than $75,000 in damages after she said she broke her ribs during a chairlift accident. Sabita Shrestha, 75, said she, her daughter and a Snow King Mountain Resort employee …

Lloyd’s Plans to Re-Open Underwriting Room on May 17

Lloyd’s announced on Friday, Feb. 26 that it plans to re-open its London underwriting room and corporation offices on May 17. To manage capacity and ensure the market is COVID-secure, it will once again apply a class of business rota …

Court Up’holds’ Insurers’ Denial of $6M Crime Claim for Phishing Loss

Real estate software maker RealPage has been denied a $6 million computer crime insurance coverage claim because the stolen funds were not in its possession but were instead being held by a payment processing firm at the time of a …