Worldwide Facilities, national wholesale insurance broker, managing general agent and program underwriter, is pleased to announce that John Curry has joined the company as Senior Vice President in the New York, NY office location. John’s recent experience includes a role as Vice President running a Casualty team with a focus on Construction risks specializing in… Continue reading Worldwide Facilities Brings on John Curry as Senior Vice President
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Worldwide Facilities Brings on Brad Foote as Senior Vice President
Worldwide Facilities, national wholesale insurance broker, managing general agent and program underwriter, is pleased to announce that Brad Foote has joined the company as a Senior Vice President. Brad will lead Worldwide Facilities’ new Denver, CO office. He has more than 14 years of experience in the wholesale insurance industry and brings expertise in Professional,… Continue reading Worldwide Facilities Brings on Brad Foote as Senior Vice President
New York Sues Exxon Mobil, Saying It Deceived Shareholders on Climate Change
New York’s attorney general sued Exxon Mobil on Wednesday, claiming the company defrauded shareholders by downplaying the expected risks of climate change to its business. The litigation, which follows more than three years of investigation, represents the most significant legal effort yet to establish that a fossil fuel company misled the public on climate change… Continue reading New York Sues Exxon Mobil, Saying It Deceived Shareholders on Climate Change
Wells Fargo Agrees to $65 Million Settlement with N.Y. Attorney General Over Cross-Selling
Wells Fargo & Co. has agreed to pay a $65 million fine to settle claims brought by the New York Attorney General’s office that the bank misled investors about its cross-selling tactics. The fine is the most-recent penalty the bank has faced over its sales practice scandal, where bank employees made as many as 3.5… Continue reading Wells Fargo Agrees to $65 Million Settlement with N.Y. Attorney General Over Cross-Selling
California Becomes First State to Require Public Companies to Include Women on Boards
California has become the first US state to require companies to include women on their boards of directors after the state’s governor signed a bill into law. The measure requires at least one female director on the board of each California-based public corporation by the end of next year. It also requires companies with five… Continue reading California Becomes First State to Require Public Companies to Include Women on Boards
Another Insurer Refuses to Pay for Harvey Weinstein’s Defense
Travelers Casualty and Surety Co. has become the fourth insurer to refuse to pay for Harvey Weinstein’s civil and criminal defense. The insurer filed suit on Friday in New York Supreme Court, seeking a declaration that it is not obliged to pay based on a series of policies issued to the Walt Disney Co. in… Continue reading Another Insurer Refuses to Pay for Harvey Weinstein’s Defense
Elon Musk Steps Down as Tesla’s Chairman in Settlement with SEC Over Go-Private Tweet
Elon Musk, under pressure from his lawyers and investors of Tesla, the company he co-founded, reached a deal with the Securities and Exchange Commission on Saturday to resolve securities fraud charges. The settlement will force Mr. Musk to step aside as chairman for three years and pay a $20 million fine. The S.E.C. announced the… Continue reading Elon Musk Steps Down as Tesla’s Chairman in Settlement with SEC Over Go-Private Tweet
SEC Sues Elon Musk For Fraud, Seeks Removal from Tesla
U.S. securities regulators on Thursday sought to force Tesla Inc. Chief Executive Elon Musk out of the company he helped get off the ground about 15 years ago, alleging he misled shareholders when he tweeted he had funding for what would have been the largest-ever corporate buyout. The suit, filed by the Securities and Exchange… Continue reading SEC Sues Elon Musk For Fraud, Seeks Removal from Tesla
More Than One-Third of US Workers Feel They’ve Experienced Harassment in the Workplace
A study recently released by Hiscox, the international specialist insurer, revealed that more than one-third (35%) of employees feel they’ve experienced workplace harassment, 50% of whom said it was on account of their gender or sex. These findings are according to the 2018 Hiscox Workplace Harassment Study™, which surveyed 500 US adults employed full-time. “As… Continue reading More Than One-Third of US Workers Feel They’ve Experienced Harassment in the Workplace
Compensation for Outside Corporate Directors Increased 3% to over $267,000 in 2017
Total pay for outside directors at the nation’s largest corporations increased by a modest 3% in 2017, driven by increases in cash and stock compensation, according to a new analysis by Willis Towers Watson, a leading global advisory, broking and solutions company. The study also revealed more companies are implementing annual limits on director compensation… Continue reading Compensation for Outside Corporate Directors Increased 3% to over $267,000 in 2017