The Department of the Treasury and the Internal Revenue Service released new guidance that is “designed to expand the use of income annuities in 401(k) plans.”
A woman who was struck by a spinning airplane propeller in Texas has rejected a settlement offer and has sued the plane's insurer.
Lauren Scruggs, 23, a professional model, lost a hand and an eye in the incident, and is suing Aggressive Insurance Services, the insurer of pilot Curt Richmond, her complaint in Dallas County Court states.
Scruggs had departed from the plane after taking an airborne tour of Christmas light displays in the Dallas area, and was on the airport's tarmac when struck. Richmond had stopped the aircraft but the propellers were still spinning when the incident occurred, court documents state.
Although the pilot's passengers were insured, and the insurers offered her a $200,000 settlement, Scruggs contended in court she was not a passenger at the moment the propeller struck her, Courthouse News Service reported Tuesday.
Her suit claims "she had completed her exit from the aircraft prior to the time of the incident and was physically located on the tarmac when the incident happened. Until struck by the propeller she was not in physical contact with the aircraft after her exit."