Darryl Williams spent years building up the small real estate portfolio that became Connectors Realty, his business on Chicago’s South Side. When a pipe burst in his prized property — a six-unit apartment building — in early 2017, Mr. Williams turned to his insurer, State Farm, for assistance in repairing the damage. Mr. Williams claimed… Continue reading State Farm Faces Racial Discrimination Lawsuits from Customers, Agents and Former Employees
Author: Farkas Laura
Parkland Families Reach $127.5M Settlement with U.S. Government
Parents of victims of the Florida high school massacre said Thursday that they were relieved to see the federal government reach a $127.5 million settlement over the FBI’s inaction in the case, and they hoped that a future tragedy could be avoided. According to the father of a murdered Marjory Stoneman Douglas student, the money… Continue reading Parkland Families Reach $127.5M Settlement with U.S. Government
Berkshire Hathaway to Buy Insurer Alleghany for $11.6 Billion
Berkshire Hathaway Inc. announced on Monday that it has agreed to buy insurer Alleghany Corp. for approximately $11.6 billion, putting some of billionaire Warren Buffett’s massive cash pile to work in a deal that strengthens its insurance arm. Berkshire said it will pay $848.02 per share in cash for Alleghany, representing a 25.3 percent premium… Continue reading Berkshire Hathaway to Buy Insurer Alleghany for $11.6 Billion
SEC Unveils Landmark Climate Change Risk Disclosure Rule
The Securities and Exchange Commission (SEC) unveiled a landmark proposal on Monday requiring publicly traded companies in the United States to disclose their climate-related risks and greenhouse gas emissions, as part of President Joe Biden’s administration’s push to address financial risks posed by global warming. The long-awaited Securities and Exchange Commission draft rule should help… Continue reading SEC Unveils Landmark Climate Change Risk Disclosure Rule
Verisk Provides Update on Activities to Enhance Shareholder Value
Verisk today provided an update on its ongoing activities to advance corporate governance and drive enhanced shareholder value. The Verisk Board of Directors, in consultation with management and informed by input received from D.E. Shaw & Co., L.P. and other shareholders, has determined to take the following actions. Intention to Move Towards Being a Global… Continue reading Verisk Provides Update on Activities to Enhance Shareholder Value
U.S. Employers Eyeing Enhancements to Defined Contribution Plans: WTW
The vast majority of U.S. employers are eyeing enhancements to their defined contribution (DC) retirement plans in an effort to boost their employees’ retirement security and financial wellbeing, according to a survey by WTW, a leading global advisory, broking and solutions company. Among the many enhancements being weighed include allowing employees to direct their contributions… Continue reading U.S. Employers Eyeing Enhancements to Defined Contribution Plans: WTW
Insurance Leaders Share Philanthropic Knowledge, Impact at IICF Media Roundtable
The Insurance Industry Charitable Foundation (IICF), a nonprofit organization dedicated to helping communities and enriching lives, hosted the 2022 IICF Media Roundtable yesterday, gathering executives from seventeen leading insurance organizations for discussions focused on the state of charitable giving in the industry and major philanthropic and DEI initiatives. At the event, IICF also released the… Continue reading Insurance Leaders Share Philanthropic Knowledge, Impact at IICF Media Roundtable
Majority of U.S. Employees Are Open to Leaving Their Employers: WTW
With the tight labor market showing no signs of easing, a majority of U.S. employees (53%) are open to leaving their employers. In fact, 44% of employees said they actively looked for a new job during the fourth quarter of 2021 or were planning to seek new employment during the first quarter of 2022. Those… Continue reading Majority of U.S. Employees Are Open to Leaving Their Employers: WTW
Families of People Killed, Injured in 2019 Seattle Crane Collapse Awarded $150M
A King County jury awarded more than $150 million to the families of two people killed and three people injured in April 2019 when a crane collapsed in Seattle’s South Lake Union neighborhood. Gusty winds toppled the crane after workers prematurely removed pins holding 20-foot sections together, resulting in a tragedy that state regulators described… Continue reading Families of People Killed, Injured in 2019 Seattle Crane Collapse Awarded $150M
NY Passes Anti-Harassment Laws Sparked by Cuomo Probe
As part of a package of new laws signed by Gov. Kathy Hochul on Wednesday, New York expanded workplace harassment protection for all public employees and prohibited the release of anyone’s employment records in retaliation for speaking up about alleged abuse. Personal staff of elected officials and judges had previously been exempt from anti-discrimination protection… Continue reading NY Passes Anti-Harassment Laws Sparked by Cuomo Probe