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Archive: March 2023

$1 Million Settlement in Class Action over Immigration Raid at Tenn. Meat Plant
Insurance Journal | March 2, 2023
$1 Million Settlement in Class Action over Immigration Raid at Tenn. Meat Plant
A federal judge has approved a settlement of more than $1 million in a class action lawsuit that challenged a federal immigration raid at an eastern Tennessee meatpacking plant where about 100 people were arrested. The settlement approved by U.S. …
New York City Agrees to $6M Settlement Over Police Response to George Floyd Protests
Insurance Journal | March 2, 2023
New York City Agrees to $6M Settlement Over Police Response to George Floyd Protests
About 320 people arrested during a George Floyd protest in the Bronx on June 4, 2020, and who claim the police used excessive force and violated their civil rights, will each receive about $21,500 under a settlement proposal agreed to …
Root Inc. Says CFO ‘Terminated for Cause’
Insurance Journal | March 2, 2023
Root Inc. Says CFO ‘Terminated for Cause’
About one year into his employment with Root Inc. and a week after he helped the company report fourth-quarter earnings, Chief Financial Officer Robert Bateman has been fired for violating company policies. According to a filing with the U.S. Securities …
Kobe Bryant Family Settles Photo Lawsuit in California for $28.5M
Insurance Journal | March 2, 2023
Kobe Bryant Family Settles Photo Lawsuit in California for $28.5M
The family of the late Kobe Bryant has agreed to a $28.5 million settlement with Los Angeles County to resolve the remaining claims in a lawsuit over deputies and firefighters The figure includes a newly agreed upon payment from the …
Ex-Cardinal Cites Dementia In Asking Court to Dismiss Sex Assault Case
Insurance Journal | March 2, 2023
Ex-Cardinal Cites Dementia In Asking Court to Dismiss Sex Assault Case
Lawyers for former Roman Catholic Cardinal Theodore McCarrick filed a motion this week to dismiss a case charging him with sexually assaulting a boy decades ago, saying the 92-year-old once-powerful American prelate has dementia and is not competent to stand …
Fidelis Insurance Holdings Submits Draft Registration With SEC for Proposed IPO
Insurance Journal | March 2, 2023
Fidelis Insurance Holdings Submits Draft Registration With SEC for Proposed IPO
Fidelis Insurance Holdings Ltd. announced it has submitted a draft registration statement on with the Securities and Exchange Commission, relating to a proposed initial public offering of its common shares. The number of common shares to be offered and the …
Russia Accuses West of ‘Shamelessly Burying’ Black Sea Grain Deal
Insurance Journal | March 2, 2023
Russia Accuses West of ‘Shamelessly Burying’ Black Sea Grain Deal
Russian Foreign Minister Sergei Lavrov on Thursday accused the West of “shamelessly burying” the Black Sea grain initiative that facilitates the export of Ukraine’s agricultural products from its southern ports, the RIA Novosti news agency reported. While remaining in the …
Thousands of Michigan Residents Without Power After Back-to-Back Ice Storms
Insurance Journal | March 2, 2023
Thousands of Michigan Residents Without Power After Back-to-Back Ice Storms
The power in Leah Thomas’ Beverly Hills, Michigan, home went out about 9 p.m. last Wednesday. It was back on Sunday evening but was lost again the next day. And like thousands of Michigan residents left in the dark following …
Financial Services Provider F88 Raises $47M Ahead of Planned Vietnam IPO
Insurance Journal | March 2, 2023
Financial Services Provider F88 Raises $47M Ahead of Planned Vietnam IPO
F88 Investment JSC, a financial services firm, has raised at least $47 million from Vietnam-Oman Investment Fund, or VOI, and Mekong Capital Fund IV, to fuel expansions of its distribution network and digital business ahead of a planned initial public …
People Moves: Ashley Promoted to Division President of Chubb Tempest Re Int’l; Argenta Taps TMK’s Groves as Head of Cyber; Mosaic Hires Chief People Officer
Insurance Journal | March 2, 2023
People Moves: Ashley Promoted to Division President of Chubb Tempest Re Int’l; Argenta Taps TMK’s Groves as Head of Cyber; Mosaic Hires Chief People Officer
This edition of International People Moves details appointments at Chubb Tempest Re, Argenta Syndicate Management Ltd., and Mosaic Insurance. A summary of these new hires follows here. Ashley Promoted to Division President of Chubb Tempest Re Int’l, Succeeding Roberts Chubb …