After falling victim to a Ponzi scheme, Cooper Industries won’t recover with help from their insurer, National Union Fire Insurance Company.
Amid the sudden rush of sexual misconduct allegations against Hollywood big shots, U.S legislators, and other people in power, sexual harassment in the workplace is no longer a subject taken lightly.
Actor Chuck Norris is taking on a different kind of fight these days as he and his wife, Gena, prepare to take on seven pharmaceutical companies in a suit filed to force the companies to increase warnings about a drug used as an aid during MRIs. Mrs. Norris claims she endured decreased kidney function and debilitating pain throughout her body that resulted in multiple hospital stays following MRI scans performed to examine rheumatoid arthritis.
The 5th Circuit Court of Appeals is upholding a district court’s dismissal of a discrimination suit filed against the City of Hattiesburg by an employee. Sharon Bolton cited age, sex, and race as reasons why she was not offered a job promotion.
Beginning in the first quarter of 2018, American International Group, Inc. will expand commercial casualty policies to include cyber coverage. This decision comes after the now infamous Equifax breach that affected millions of customers, along with an ever-increasing number of similar cyber crimes across the globe.
Indiana’s Department of Labor is charging $28,000 worth of safety violation fines to Amazon after a warehouse worker in the state died on the job in September.
A court recently awarded $3M to a Florida-based former broker for UBS Wealth Americas in a defamation suit against his former firm. UBS fired James L. Springer in 2014 for allegedly listing personal expenses as business expenses on his corporate credit card. Subsequently, UBS sent letters to Springer’s clients informing them that the broker had overcharged them.
Right on the heels of their highly successful 2017 Fall Career Fair, the University of Mississippi's Risk Management and Insurance program announces their event dates for 2018. Mark your calendars with the dates below and make plans to attend! February 20, 2018    Ole Miss RMI Spring Career Fair March 20-21, 2018   Ole Miss Insurance Symposium May 7, 2018              Ole Miss Insurance Golf Classic-Annandale October 16, 2018     Ole Miss RMI Fall Career Fair  
A new law in Texas, known as Texas House Bill 1774, went into effect on September 1, 2017, with the intent to reduce the number of storm-related cases in a state in which weather often becomes unruly.
In the wake of the series of hurricanes that impacted parts of the United States and U.S. islands last month, legal experts are advising companies to pay close attention to wording when reviewing their current insurance policies.
On September 29, 2017, the President signed into effect the Disaster Tax Relief and Airport and Airway Extension Act of 2017 to aid victims of hurricanes Harvey, Irma, and Maria who participate in employee benefit plans. The act includes relief from certain deadlines and penalties associated with pension and retirement plan distributions for those in areas affected by the recent hurricanes.
On October 2, 2017, the U.S. Supreme Court began hearing arguments in a consolidated case regarding the enforceability of class action waivers in employee arbitration agreements. Employers and employees alike involved in the consolidated cases hope the Court will resolve a split in authority among federal courts of appeal and bring a final solution to this widely disputed issue.
A recent case brought before the federal court for the Eastern District of New York did not have the outcome expected by the plaintiff, though the Court did acknowledge that the plaintiff had a potentially winnable case--if they had done more to protect themselves first. In Art and Cook, Inc. v. Haber, Art and Cook sought to prosecute former employee Abraham Haber for attempting to steal company trade secrets. The company felt their information was protected under the Defense Trade Secret Act of 2016.
On September 20, 2017, Securities and Exchange Commission Chairman John Clayton announced that the SEC had fallen victim to a cyber attack during the previous year. The SEC revealed that hackers had exploited a weakness in the Commission's EDGAR system, which houses financial records for companies listed on stock exchanges in the U.S. Click here to learn more about the breach and what’s next for the SEC, popularly known as Wall Street’s watchdog.   
A recent agreement between the United States(U.S.) and European Union(E.U.) addresses three areas of insurance oversight. However, the agreement has mixed reception among major U.S. insurance organizations with some claiming the agreement is a solution to an “invented problem” while others say the agreement could be used as a “backdoor” for foreign regulations to be forced on U.S. companies. To learn more about the agreement and how major U.S.
Five Florida-based attorneys and five accomplices were arrested September 6 on charges of unlawfully soliciting unassuming accident victims to make damages or personal injury claims with their insurance companies. The victims were then referred by the attorneys to a healthcare facility in exchange for cash kickbacks. The scheme “earned” the group more than $500,000 before it was shut down by authorities.
After an employee’s good looks sparked jealousy in one of her bosses, who happened to be married to the other boss, the employee was subsequently fired. The employee, who claimed she never acted inappropriately or did anything else to incur jealousy from her female co-employer, filed a suit against the employer and her husband.
The 5th Circuit Court of Appeals recently affirmed a state court’s decision that an insurance company’s appraisal award to a company who lost a gas station business in a fire was more than enough to cover the damages, and the award payouts to the benefit recipient were paid in a timely manner.
Tracy Brown, co-owner of Psalm 23 medical equipment company, was recently convicted of multiple medical fraud and kickback offenses perpetrated through her company. After her conviction, Brown filed an appeal challenging her sentence, which was partially based on an enhancement finding that she was a leader of a criminal organization involving five or more people.
A recent decision made by the 5th Circuit Court of Appeals affirms a previous ruling by a district court in a case regarding a motion by plaintiff, WD-40 Company, to compel arbitration between itself and defendant, IQ Products Company.