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Supreme Court Case on SEC Judges Could Disrupt Administrative Proceedings
The U.S. Supreme Court will decide whether the Securities and Exchange Commission’s in-house judges were appointed in violation of the Constitution, agreeing to hear a case that could upend administrative hearing systems across the federal government. The move came at …

POSTED JANUARY 16, 2018 6:00 AM
Appeals Court Thwarts Goldman Shareholders’ Class Action Over Subprime Securities
A U.S. appeals court said a shareholder lawsuit accusing Goldman Sachs Group Inc. of fraudulently claiming to put client interests before its own when creating risky subprime securities before the financial crisis, including a collateralized debt obligation known as Abacus, …

POSTED JANUARY 16, 2018 6:00 AM
West Virginia Proposes Comprehensive Drug Plan to Address State Opioid Crisis
State health officials are proposing a multifaceted plan for confronting the drug crisis killing hundreds of West Virginians each year, one that would require action by everyone from lawmakers to doctors to judges to emergency responders to the general public. …

POSTED JANUARY 16, 2018 5:47 AM
Insurance Industry Bands Together to Make a Difference in North Carolina City
A group of insurance and risk management professionals are working together to make a difference in one of North Carolina’s largest cities. The group, Community Matters: Insurance Partners of Charlotte, started in 2012 to help raise funds to build a …

POSTED JANUARY 16, 2018 5:00 AM
Deaths, Damage from California Mudslides Rise in Wealthy Montecito Community
The mudslides on the California coastal town of Montecito have devastated a wealthy enclave where billionaires including Charlie Munger, Eric Schmidt and Oprah Winfrey own properties, with hundreds of millions of dollars of damage in one of America’s most expensive …

POSTED JANUARY 15, 2018 1:49 PM
Sunken Iranian Oil Tanker Causes 10-Mile Oil Slick in East China Sea
The burning Iranian oil tanker that sank in the East China Sea on Sunday in the worst oil ship disaster in decades has produced a 10-mile long oil slick as black smoke continued to billow from the site, Chinese media …

POSTED JANUARY 15, 2018 8:01 AM
Iowa High-Rise Project Uncertain After Property Swap with Insurer
The developer of an $88 million high-rise project in downtown Des Moines has announced plans to trade the land to an insurance company in exchange for a portion of a downtown property. Blackbird Investments’ announcement leaves the future of its …

POSTED JANUARY 12, 2018 5:39 PM
Chicago-Area Fire Destroys Half of Metal Recycling Facility
Crews worked through the night to extinguish large fire at a recycling facility in suburban Chicago. No injuries were reported following the fire that started late on Jan. 10 in Des Plaines. Deputy Chief Peter Dyer of the Des Plaines …

POSTED JANUARY 12, 2018 5:34 PM
Arthur J. Gallagher & Co. Acquires Houston’s AquaSurance
Arthur J. Gallagher & Co. announced it has acquired AquaSurance LLC in Houston, Texas. Terms of the transaction were not disclosed. Founded in 2002 by Harry Peyton and Marshall Schoth, AquaSurance is a property/casualty broker focused exclusively on serving Texas …

POSTED JANUARY 12, 2018 5:31 PM
J.M. Wilson Adds James as Assistant Property/Casualty Underwriter in Ohio
J.M. Wilson has hired Taylor James as assistant property/casualty underwriter in its Westerville, Ohio, office. James is responsible for assisting underwriters on a wide variety of property and casualty risks, as well as quoting new and renewal business and servicing …

POSTED JANUARY 12, 2018 5:30 PM

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