Boeing CEO Dennis Muilenburg resigned Monday over the deadly Max 737 debacle that has plunged the aircraft maker into crisis and damaged its reputation as one of the stalwarts of American industry. The company's board said a change in leadership was needed to restore confidence in Boeing as it works to repair relationships with regulators and others in the…
Newswires
—Boeing ousted CEO Dennis Muilenburg on Monday with no end in sight to the crisis that has engulfed the vaunted American aircraft manufacturer since the crash of two of its 737 Max airliners. The Boeing board had supported Muilenburg for months despite calls for his resignation from lawmakers and relatives of the passengers killed. The move came after another…
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GEICO’s Roberts to Retire at the End of 2020, to Be Succeeded by Todd Combs of Berkshire Hathaway
Bill Roberts, GEICO’ s president and CEO, has announced that he will retire from GEICO in December 2020. Over his 35- year career, he has helped lead GEICO to become the second largest auto insurance company in the U.S. Roberts will become vice chairman of GEICO effective January 1, 2020. “Bill told Ajit Jain, vice chairman of Berkshire Hathaway, and I in early November…
NJ Law Firm Makes Several Key Leadership Changes
–Scarinci Hollenbeck recently announced several key leadership changes to the firm's Commercial Real Estate, Corporate Transactions& Business Law and Tax, Trusts& Estates practice groups. Joining the firm's Commercial Real Estate section as Co-Chair alongside Partner Donald M. Pepe is Counsel Stephanie D. Edelstein. Stephanie D. Edelstein joined the firm in…
Ric & Jean Edelman and Edelman Financial Engines Donate $2 Million to Fund Alzheimer’s Documentary by Oscar-Winning Director Louie Psihoyos
Ric and Jean Edelman, and Edelman Financial Engines, the nation’ s largest independent registered investment advisory firm 1, announced they have each committed $1 million in funding for a documentary focusing on groundbreaking research on Alzheimer’ s Disease by Dr. Dr. Ornish, a Clinical Professor of Medicine at the University of California, San Francisco, is…
According to Brad Setser, Senior Fellow for International Economics, Council on Foreign Relations, the world should “expect more of the same in 2020.” “In many ways, the most interesting questions for 2020 do not come from the United States, but from the other main poles of the world economy. Another question is what will happen to China's trade: Chinese imports fell…
The American Federation of Teachers issued the following statement by President Randi Weingarten on the ruling in the Texas vs. Let's be clear, since the ACA was passed, the establishment of the Republican Party has fought it–this is the second major case they will try to get to the Supreme Court to try and render it unconstitutional. “Educators, healthcare…
Assemblyman Marcos Crespo, one of the sponsors of the Green Light Law that gave all New Yorkers the ability to apply for a license regardless of immigration status, penned a letter to the state's Department of Financial Services last week calling on the agency to “pursue regulatory decisions and oversight that will ensure New Yorkers– no matter their race,…
Global Whole Life Insurance Market Report 2020: Market was Valued at $2600 Billion in 2018 and is Expected to Grow to $3526.8 Billion through 2022 – ResearchAndMarkets.com
The global whole life insurance market was valued at about $2600 billion in 2018 and is expected to grow to $3526.8 billion at a CAGR of 7.9% through 2022.. The rise in disposable income in emerging countries such as India and China is expected to drive the whole life insurance market. According to Swiss Re Institute's sigma report, the seven largest emerging…
—China said Monday it will reduce tariffs Jan. 1 on more than 850 foreign products including frozen pork, asthma medications and some high-tech components to spur economic development. The step adds to a series of tariff cuts over the past two years that Beijing says are aimed at improving supplies of consumer goods and encouraging competition.
Sutter Health issued the following statement by Flo Di Benedetto, senior vice president and general counsel:. “We were able to resolve this matter in a way that enables Sutter Health to maintain our integrated network and ability to provide patients with access to affordable, high-quality care. Together with the Attorney General, the parties selected an…
Aurora Colorado Roofing Analyzes the Horror Insurance Companies Placed on Consumers and Business for 2020
–For several years, Aurora Colorado Roofing has been working rigorously for its clients, knowing that their homes need repair and they have had to wait, in some cases, over a year to see any work approved by the insurance carriers. According to the Insurance Institute of Information, Colorado ranks as the 10th most expensive in the United States, with an average…
The American Public Health Association issued the following statement by Executive Director Georges C. Benjamin:. “The Affordable Care Act is a cornerstone of the U.S. public health system and has saved countless lives by greatly improving access to health care and making prevention and public health a priority through the critical resources provided by the…
The Asian and Pacific Islander American Health Forum issued the following statement:. Yesterday, the U.S. Court of Appeals for the Fifth Circuit in a 2-1 decision held the individual mandate of the Affordable Care Act unconstitutional and instructed the lower court, which had previously held the ACA unconstitutional, to determine whether the remaining…
The National Association of Mutual Insurance Companies issued the following statement by Jimi Grande, senior vice president of government affairs:. “Today also saw Congress extend the National Flood Insurance Program for just nine months, keeping millions of NFIP policyholders in limbo. NAMIC urges Congress to stop avoiding the problems facing the program…
NC Man Allegedly Poisoned Wife With Eye Drops For Life Insurance
North Carolina Department of Insurance investigators had been looking into Stacy Hunsucker’s 2018 death, when she collapsed at home, not breathing, after her mother, Suzie Robinson, accused her husband of insurance fraud. After Stacy died, her two life insurance policies paid out $250,000.
The Law Society issued the following statement:. News the Solicitors Regulation Authority is to drop proposals to lower the levels of professional indemnity insurance was welcomed by the Law Society of England and Wales. “No other profession in the UK today offers their clients such comprehensive or robust protection,” Law Society president Simon Davis said.
The National Association of Working Women, 9 to5, issued the following statement:. On December 18, 2019 the U.S. Court of Appeals for the Fifth Circuit struck down the mandatory coverage requirement of the Affordable Care Act, instructing a lower court to decide if the rest of the legislation can remain in force. Leng Leng Chancey, the Executive Director of 9 to5,…
