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Feds Sue Houston-Area Developer For Predatory Lending

HOUSTON — Federal authorities on Wednesday sued Houston-area developer Colony Ridge, accusing it of luring Latino home buyers into seller-financed mortgages and setting them up to default and face foreclosure. “Colony Ridge set out to exploit something as old as …

Air Lease Gets Insurance Settlement for 4 Jets Stranded in Russia

Air Lease said on Friday it had received about $64.9 million in cash as part of an insurance claim settlement for four Airbus jets it had leased to a Russian carrier, which were blocked from leaving the country after Moscow’s …

People Moves: Everest Promotes Browne to Global Head of Accident & Health; Miller Appoints Board From Conduit Re for Reinsurance Team

Everest Group Ltd., the Bermuda-based property, casualty, and specialty re/insurer, announced that Glen Browne has been appointed to global head of Accident & Health (A&H), effective immediately. Browne will continue to report to Adam Clifford, co-lead of Everest Insurance International. …

Michigan State Approves Settlements With Families of Students Slain in Mass Shooting

EAST LANSING, Mich. (AP) – Michigan State University trustees have approved settlements with the families of three students slain during a mass shooting earlier this year on the school`s campus. Trustees voted unanimously last Friday to approve separate claims with …

Wisconsin Halts Development of Groundwater Standards for PFAS Chemicals Due to Excessive Compliance Costs

MADISON, Wis. (AP) – Excessive compliance costs have forced Wisconsin regulators to stop developing standards limiting so-called forever chemicals in groundwater, Gov. Tony Evers said Tuesday. The Department of Natural Resources has been working on groundwater standards for PFAS chemicals …

Jury Dismisses Suit Claiming LSU Officials Retaliated Against a Former Athletics Administrator

BATON ROUGE, La. (AP) – A jury on Wednesday dismissed a lawsuit accusing top Louisiana State University officials of retaliating against an athletics administrator for reporting alleged inappropriate sexual behavior by a head football coach. After six days of testimony, …

Aon-NFP Merger a Win-Win for Middle Market Segment, Aon Says

A merger between Aon and NFP will be a win-win for both brokers, creating a company that will be greater than the sum of its parts. While those weren’t the exact words used by Aon’s CEO Greg Case, they were …

Risk Strategies Buys Florida-based Setnor Byer Brokerage

Risk Strategies, a specialty insurance brokerage, has acquired Setnor, Byer, Boganoff Inc., which does business as Setnor Byer Insurance & Risk, a Fort Lauderdale-area brokerage and risk management firm. Terms of the deal were not disclosed. Founded in 1981, Setnor …

Appeals Court Finds Rules for Oregon’s Climate Program Invalid

A state appeals court in Oregon decided the rules for a program designed to limit and drastically reduce greenhouse gas emissions from fossil fuel companies are invalid. The program, started in 2022, is one of the strongest climate programs in …

7th Person in Tennessee Dies from Tornado

NASHVILLE, Tenn. (AP) — A seventh person in Tennessee has died from injuries she suffered during a string of powerful storms earlier this month that whipped up destructive tornadoes, according to police. Penny Scroggins, a 78-year-old from Clarksville, died Saturday …

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