The City Council in Portland, Oregon, unanimously approved of paying $100,000 to settle a federal lawsuit filed against police by a man who said he was pepper sprayed, thrown to the ground and unlawfully arrested during a September 2020 protest. …
The state of Washington has agreed to a $4 million settlement for two former foster children who were abused and sexually assaulted. The record-breaking settlement comes out of a sex abuse lawsuit for the two sisters, who were four and …
Hallmark Financial Services, Inc. announced last Thursday that it will no longer actively pursue a previously announced separation of its specialty commercial business segment and will not proceed with an initial public offering of the specialty segment. It was in …
MELBOURNE – India’s Adani Group is preparing to ship the first coal cargo from Australia’s most controversial mine, after battling a seven-year campaign by climate activists and defying a global push away from fossil fuels. The Carmichael mine in outback …
Capital One Financial Corp. agreed to pay $190 million to settle a class-action lawsuit that customers filed against the firm after a hacker broke into its cloud-computing systems and stole their personal information. Representatives for those customers, Capital One and …
Canopius Group, the London-based global specialty re/insurer, announced it has completed a loss portfolio transfer (LPT) agreement with RiverStone International. The agreement covers discontinued classes of business underwritten by Canopius’ Lloyd’s syndicates and will see RiverStone’s Syndicate 3500 indemnify Canopius …
UK broker Ardonagh Group announced it has agreed to acquire Portuguese broker MDS Group. Headquartered in Porto, MDS has offices in Brazil, where it is the country’s largest independent broker, as well as Angola, Mozambique, Spain, and Malta. It is …
Insurance broker Marsh announced that it has increased its shareholding in Marsh India Insurance Brokers Pvt. Ltd. from 49% to 92%. Marsh said the enhanced investment will enable it to more effectively meet the increasingly complex needs of companies across …
Lloyd’s has launched a new renewable energy consortium, to respond to the growing needs of the Asia-Pacific region and supporting countries, as they transition to greener energy solutions. Developed by the Lloyd’s Asia platform, the consortium pools underwriting expertise and …
The New Hampshire Liquor Commission has fined a restaurant in Windham, New Hampshire, $2,500 and suspended its liquor license for 10 days in connection with a fatal vehicle crash in April. Four employees at the Old School Bar & Grill …
