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Hearing Scheduled on Damages Owed by Mississippi Ex-Cop Who Killed Mother of Four

A former Mississippi police officer who shot and killed a sleeping woman should pay her four children a quarter-million dollars each for pain and suffering and a total of more than $300,000 to cover therapy, their aunt said in a …

Insurer Aspen Completes $3.12B Loss Portfolio Transfer With Run-Off Specialist Enstar

Enstar Group Ltd., the Bermuda-based legacy acquisition specialist, has completed a previously announced loss portfolio transfer agreement (LPT) with Aspen Insurance Holdings Ltd. and its subsidiaries for their 2019 and prior business. Enstar will assume net loss reserves of $3.12 …

Grand Jury Indicts Former Georgia Insurance Commissioner Oxendine on Fraud Charges

A former Georgia insurance commissioner has been indicted on federal charges related to an alleged health care scheme. A federal grand jury last Tuesday indicted John Oxendine on charges of conspiracy to commit health care fraud and conspiracy to commit …

Average Age of US Cars Hits Record 12.2 Years in Fifth Straight Annual Increase

Cars on US roads are as old as they’ve ever been, potentially complicating efforts to expand the use of new safety and emissions-reduction technologies. The age of light vehicles domestically is now 12.2 years on average, up almost two months …

New Mexico Wildfire Evacuees Worry About Their Future

As more than 2,700 firefighters in northern New Mexico continued to battle the nation’s largest active wildfire on Sunday, many evacuees were growing concerned about their future after weeks away from home The biggest fire in the state’s recorded history …

Spring Colorado Snowstorm Knocks out Power for 210K

A late spring Colorado snowstorm dumped several inches in the Denver metro area Saturday and knocked out electricity for about 210,000 customers, officials said. The wet snow weighed down tree branches and sent them toppling onto power lines, the KUSA …

Data Breach-Related Securities Suit Filed Against Cyber Firm Okta

Following a trend in directors and officers litigation involving cybersecurity firms, Okta Inc. now faces a securities class action lawsuit alleging the firm made false and misleading statements, including that it did not disclose and then downplayed the severity of …

People Moves: Guy Carpenter Names N. America GC Access Exec Team; Marsh Promotes Perry for Political Risk & Structured Credit; WTW’s Hodgkinson to Join BMS Asia

This edition of International People Moves details appointments at three brokers: Guy Carpenter, Marsh and BMS. A summary of these new hires follows here. Guy Carpenter Announces GC Access Leadership in North America Reinsurance broker Guy Carpenter announced the appointments …

Insurer FWD Wins Approval for Hong Kong IPO

FWD Group Holdings Ltd., the Asian insurer backed by Hong Kong billionaire Richard Li, has won approval for its planned initial public offering in the city, according to a person with knowledge of the matter. The company received the green …

Volkswagen Targeted in Court Case That Seeks to Eliminate Polluting Cars by 2030

First it was oil giant Shell Plc, now it’s the turn of Europe’s biggest carmaker. In the wake of a landmark Dutch ruling a year ago which ordered Shell to cut its emissions by 45% by 2030, a German organic …

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