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CFO of UK’s Prudential Resigns Amid Probe Into Conduct
Prudential Plc Chief Financial Officer James Turner resigned on Wednesday amid a probe into a code of conduct matter related to a recent recruitment situation, with the firm saying he didn’t meet its standards. The company named Ben Bulmer, currently …
POSTED MAY 31, 2023 11:16 AM |
Maine Governor Wants Changes to Paid Leave Program to Ease Effects on Businesses
Maine Gov. Janet Mills is pumping the brakes on a paid family and medical leave proposal promoted by her fellow Democrats, seeking compromises to reduce the burden on businesses in an effort to win broader support. Deputy Chief of Staff …
POSTED MAY 31, 2023 10:56 AM |
Catholic Church Settles Suit by Man Who Alleged Bishop Raped Him
A lawsuit brought by a former altar boy who said he was raped as a child in the 1960s by a now-deceased Roman Catholic bishop in Massachusetts has been settled, the sides announced Friday. The plaintiff identified in court papers …
POSTED MAY 31, 2023 10:53 AM |
Cyber Insurance: A Growth Market for Insurers with Some Caveats
As demand for cyber insurance continues to grow, insurers must remain vigilant in managing the changing risk associated with the line of coverage. According to today’s DBRS Morningstar’s commentary on the exploding line of coverage, while cyber insurance is a …
POSTED MAY 31, 2023 5:25 AM |
Top AI CEOs, Experts Raise ‘Risk of Extinction’ From AI
Top artificial intelligence (AI) executives including OpenAI CEO Sam Altman on Tuesday joined experts and professors in raising the “risk of extinction from AI,” which they urged policymakers to equate at par with risks posed by pandemics and nuclear war. …
POSTED MAY 31, 2023 5:23 AM |
Florida Judge Slams SFR Contractor for Misrepresentation, Fraud in Tower Hill Case
SFR Services, a Florida restoration firm made famous by its volume of claims litigation and its charges that United Property & Casualty Insurance Co. had instructed desk adjusters to alter their estimates, now finds itself in some legal trouble of …
POSTED MAY 31, 2023 5:01 AM |
Cyber Insurance Attorney Charged With Serial Rape, Kidnapping 15 Years Ago
The Federal Bureau of Investigation and Boston Police reported they have arrested a cyber insurance attorney in connection with a series of sexual assaults and kidnappings in the Boston area about 15 years ago. At a press conference on Tuesday, …
POSTED MAY 31, 2023 5:00 AM |
Delta Air Lines Faces Proposed Class Action Over Carbon Neutral Claims
Delta Air Lines is facing a proposed class action lawsuit over advertising touting the U.S. carrier as carbon-neutral, according to a complaint filed on Tuesday in California federal court. The complaint, filed on behalf of a California resident who bought …
POSTED MAY 31, 2023 5:00 AM |
Pinnacol Issues $15M Dividend to 58K Colorado Employers
Colorado’s largest workers’ compensation carrier, Pinnacol Assurance, issued a general dividend of $15 million to 58,000 employers in the state. This marks the organization’s eighth straight year of issuing dividends and a total of $385 million returned to Colorado employers. …
POSTED MAY 31, 2023 5:00 AM |
Inspectors in McClenney Moseley ‘Fraud’ Scheme Sue for Unpaid Bonuses and Overtime
Seventeen former field inspectors for a company that provided damage estimates for McClenney Moseley & Associates filed a lawsuit against their former employer, saying they are owed for bonuses that were promised but never paid and uncompensated overtime. The plaintiffs …
POSTED MAY 30, 2023 3:18 PM |
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