Federal authorities say a Chicago meat processing company that was charged with unlawfully harassing black employees, rejecting them for hire, and firing a black employee for complaining, will pay more than $1 million to settle a federal racial discrimination case. …
China is inspecting the nation’s financial regulators, biggest state-run banks, insurers and bad-debt managers for the first time in six years to root out corruption in its $54 trillion financial system. A team led by the Central Commission for Discipline …
Companies doing business in Texas now face new and complicated challenges after Gov. Greg Abbott this week banned COVID-19 vaccine mandates for all entities in the state — including private businesses — for employees or customers. The ramifications for businesses …
The U.S. insurance industry’s top compliance shortcomings relate to claims handling noncompliance, including timeliness, required disclosures, payments and grievance and appeal processes—as well as underwriting, rating and insurance producer and sales issues. That’s according to a review by Wolters Kluwer …
A federal judge on Tuesday sentenced former Georgia Insurance Commissioner Jim Beck to seven years in prison and ordered him to pay $2.6 million in restitution for diverting funds from a homeowners’ insurer of last resort. The 87 months behind …
Arthur J. Gallagher & Co., a global insurance brokerage, risk management and consulting services firm, headquartered in Rolling Meadows, Illinois, acquired Cincinnati, OH-based W.P. Dolle, LLC. Terms of the transaction were not disclosed. Founded in 1872, W.P. Dolle is a …
Despite the collapse of a condominium building in June and the growing threat of rising sea levels, condo sales in South Florida have only accelerated, new data suggest. “The flow of capital to South Florida shows absolutely no sign of …
A parent has sued a southeastern Wisconsin school district after her son contracted COVID-19 from a classmate. The Milwaukee Journal Sentinel reported that Shannon Jensen filed the lawsuit in federal court against the Waukesha School District and school board on …
Fourteen people have been charged in conjunction with an insurance fraud and theft scheme uncovered by a joint investigation by the Michigan Department of Insurance and Financial Services (DIFS) and the Ogemaw County Sheriff’s Office. The Michigan DIFS said the …
Thanks to the continuing shortage and price levels of some types of framing lumber, the North Carolina Department of Insurance hopes to clear up confusion over what other types of wood can be used under the state’s building codes. “The …
