A recent Supreme Court ruling requires that corporate whistleblowers report their allegations to the SEC in order to be covered under statutes meant to protect them. The Supreme Court’s unanimous decision in Digital Realty Trust, Inc. v.
Chuck Norris is suing CBS for breach of contract and unpaid profits from his immensely popular series, Walker, Texas Ranger. Norris’s contract entitled him to twenty-three-percent of profits earned from “any and all exploitations of Walker” but Norris says CBS has not held up their agreement.
The fiery former host of Hell’s Kitchen, Gordon Ramsay, found a clever way of avoiding speeding tickets in Los Angeles by covering his license plates with cling film to keep traffic cameras from capturing his tag number.
A former Mississippi insurance agent will spend the next ten years in prison after pleading guilty to one count of embezzlement from a former customer. The agent, from Terry, Mississippi, deposited more than $115,000 entrusted to him by a client for the purchase of a Nationwide Insurance policy into his personal bank account.
Hosts of a recent drone insurance webinar say drone space will be the center of the largest growth in aviation insurance in half of a century.
On March 21-22, 2018 Ole Miss Risk Management and Insurance (RMI) will host its annual Ole Miss Insurance Symposium.
Six of James Brown’s children are engulfed in a lawsuit against Brown’s allegedly bigamous spouse for devising schemes to strip them of their rightful interests in his music, including financial interests, in order to keep it all for herself.
Though the jury’s still out on whether the SEC and DOL will ever come to an agreement on a uniform standard of conduct for retirement advice givers, the Securities and Exchanges Commission appears to be inching toward the Department of Labor’s ERISA higher standards of care.
One of the largest US diversified insurance companies is getting out of the life insurance business. Liberty Mutual recently announced plans to sell its life insurance leg, Liberty Life Assurance Company of Boston, to Lincoln Financial Group.
A recent report by Lloyd’s of London and AIR Worldwide sets potential losses from cloud service failure at up to $19 billion.
Experts in the field of insuring aerospace projects say U.S. taxpayers will most likely pay the expenses for a lost mission satellite known as Zuma. The CEO for the aerospace team at insurance broker, Jardine Lloyd Thompson Group, Plc, says the U.S.
The Mississippi Court of Appeals was recently tasked with deciding if a check marked “final payment” allowed the project owner to be free and clear of further payments to a construction company though the amount of the check did not cover additional costs for the project.
ERISA class action settlements reached nearly $1 billion in 2017, a record year for class-action lawsuits with over $2 billion paid by employers for litigation involving employment discrimination. Seyfarth Shaw’s Workplace Action Litigation Report for 2018 reports a cool $2.72 billion as the actual total spent by employers in employment discrimination suits.
A federal judge in Washington, D.C. determined in late December 2017 the EEOC’s Workplace Wellness Program rules will be vacated effective January 1, 2019. The judge cited the EEOC’s failure to provide a reasonable explanation for the rules as a factor in his decision.
A ruling in a duty to defend case involving a construction company and their insurer is likely to have major impact in future similar cases. Altman Contractors, Inc. filed a summary judgment against their insurer, Crum and Forster Specialty Insurance, regarding the issue of Crum and Forster’s duty to defend and indemnity to Altman. Altman was involved in a suit for construction defects and property damage under Florida Statutes, Chapter 558. Crum and Forster claimed the suit brought against Altman was not covered their policy.
Durham School Services, the company that supplied bus services to a Chattanooga school district involved in a fatal bus crash in 2016, has agreed to pay $250,000 plus $73,000 in medical expenses to a nine-year-old survivor of the crash who suffered a concussion, cuts to his liver, and permanent scarring on his arm during the accident. Read more details here.
In 2011, Specialty Rental Tools & Supplies, LLC employee, Peter Savoie, was injured on the job at an offshore oil drill site when a crane owned and operated by Larry Doiron, Inc.(LDI) struck Savoie. In anticipation of a claim filed against them by Savoie, LDI filed a limitation of liability proceeding as the owner of the crane barge used when the incident injuring Savoie occurred.
Between December 2010 and May 2012, employees of Empire Scaffold, LLC worked on an oil refinery operated by Motiva Enterprises during Motiva’s Crude Expansion Project. During their time on the refinery, Empire employees were required to ride a bus from a parking lot to the refinery. The buses ran between 5:00 and 6:15 am. If an employee missed the last bus at 6:15, they were not allowed to work that day.
Despite certain evidence in her favor, the Fifth Circuit Court of Appeals upheld a summary judgment by a district court dismissing former employee Kristin Phillips’s complaints against Caris Life Sciences. Phillips cited sexual harassment, retaliation and a hostile work environment in her suit against Caris, but the courts said she failed to properly exhaust necessary administrative remedies and that her allegations did not match the claims made with the EEOC. Learn more here.
In the latest of a series of moves to dismantle their insurance operations, Wells Fargo recently announced plans to discontinue their personal insurance business. The Wall Street giant expects to complete their exit from the personal insurance field by the end of 2018’s first quarter. Read more about their exit from the insurance field here.