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.”
April 12--A $2 million settlement has been reached with the insurance company for a man accused in a double-fatal, hit-and-run crash on State Road 44 in New Smyrna Beach last year.
Luis Gracia, a partner in the Port Orange-based law firm of Rue, Ziffra & Caldwell, recently won the settlement in the crash that killed Zachary Tyler Kahle, 24, and his girlfriend, Savannah Jo Dejarnette, 26, both of Oak Hill, on Aug. 6, a statement Saturday said.
They were struck by a plumbing van driven by Brian Dale Kennedy, 37, of Edgewater, as they walked along S.R. 44 just east of Sugar Mill Drive, records show.
Kennedy, who has a long list of traffic infractions, told authorities he thought he had hit a deer.
The front end of his work van was smashed, a headlight was broken and the windshield was shattered and had a hole in it.
Kennedy was arrested on charges of leaving the scene of a fatal accident and driving with a suspended license.
Kahle and Dejarnette were on foot after abandoning her older-model Buick on Interstate 95.
They were thrown about 200 feet after the crash.
They were left in the grass along the shoulder of the road.
A man riding a scooter later spotted their bodies.
The insurance company that covered Kennedy paid its policy limits of $2 million to resolve the entire case, said Gracia, who represented the estate of Zachary Kahle.
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