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The former CFO’s lawsuit is not covered by Hartford’s policy

A mechanical contractor company’s legal dispute with its former chief financial officer is not covered by its Hartford Insurance Group Inc. unit’s employment practices liability insurance, a federal appeals court said Tuesday, affirming a lower court’s ruling. Catonsville, Maryland-based Madison Mechanical OS Corp., a holding company, and Madison Mechanical Inc., its operating company, had five shareholders including Robert Buczkowski, who …

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The season produces 14 named storms, but none in August

The 2022 Atlantic hurricane season produced 14 named storms, eight that became hurricanes and two that reached Category 3, 4 or 5 major hurricane status, the Insurance Information Institute said Tuesday. The eight hurricanes were Danielle, Earl, Fiona, Ian, Julia, Lisa, Martin and Nicole, with Fiona and Ian becoming major hurricanes. Ian was the most damaging storm this season and …

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Russia aims to increase acceptance of its cargo insurance

(Reuters) — Moscow is seeking to strengthen the recognition of Russian marine insurance to allow oil and related products to be shipped overseas in the face of Western sanctions, a government official was quoted as saying on Tuesday. Western sanctions imposed in response to Russia’s military campaign in Ukraine have limited Russia’s ability to secure costly liability insurance for its …

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Walmart sued by employee over fatal shooting in Virginia

(Reuters) — An employee at the Walmart in Chesapeake, Va., where a supervisor fatally shot six people last week, filed a lawsuit on Tuesday against the company, claiming she and others had warned management about the shooter’s behavior and nothing was done. Donya Prioleau, who is suing Walmart Inc. for $50 million in Virginia state court, said she worked as …

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Circle K to pay $8 million to settle EEOC charges

Circle K Stores Inc. will pay $8 million to settle US Equal Employment Opportunity Commission charges of disability discrimination, pregnancy and retaliation, the agency said Tuesday. The EEOC said this resolves several discrimination charges filed against the Tempe, Arizona-based chain, and follows an EEOC investigation that determined the company likely denied reasonable accommodations to pregnant employees and people with disabilities, …

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Virtu sues SEC over records request

(Reuters) — Virtu Financial Inc. said on Tuesday it has sued the U.S. Securities and Exchange Commission, alleging the regulator failed to respond to the market maker’s request for public records. Virtu said it filed a request through the Freedom of Information Act in June to determine whether the SEC had met legal requirements to evaluate potential investor harm and …

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The important clauses of a warranty The words must be understood — Legal Insurance Blog — November 29, 2022

Big ticket items are part of vacation spending. Washing machines, televisions, personal computers and even cars are on many people’s shopping lists. Dealers often follow up large purchases with the option of a warranty for the buyer to consider. It can be tempting, and a consumer should know the essential clauses of a product warranty. “Exclusion of Consequential and Incidental …

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Arizona Supreme Court Upholds Denial of Benefits to Police

The Arizona Supreme Court upheld an insurance company’s denial of a work injury claim filed by a Tucson police officer who suffered from post-traumatic stress disorder. The patrol officer began training with the Tucson Police Department in 2000 after passing the required pre-employment physical and psychological examinations. In 2009, he responded to an accident in which another officer was killed, …

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