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CBS News
9 minutes ago
- CBS News
Man dies after Liberty City shooting
A man is dead after a shooting early Monday morning in Liberty City. The Miami-Dade Sheriff's Office said just after 4 a.m., they received word of the shooting in the area of NW 18 Avenue and NW 66 Street. When deputies arrived, they found a man who had been shot in his upper body. He was rushed to an area hospital where he died, according to the sheriff's office. The name of the man has not been released. Sheriff's homicide detectives are trying to determine what led to the shooting.
Yahoo
36 minutes ago
- Yahoo
Aon faces lawsuit over alleged role in Vesttoo collapse
A civil lawsuit has been filed against insurance broker Aon, accusing the company of contributing to the downfall of the once billion-dollar-valued Israeli insurance start-up Vesttoo. Vesttoo ran a marketplace connecting insurers with investors for trading insurance-linked securities. Vesttoo filed for bankruptcy in 2023 after it was revealed that insurance policies sold on its platform were supported by allegedly fraudulent letters of credit. The suit, which was unsealed in Delaware bankruptcy court, alleges that Aon 'ignored red flags' and encouraged business partnerships despite internal doubts regarding Vesttoo's operations. The complaint, brought forward by trustee Lawrence Hirsh, who is tasked with recovering funds for Vesttoo's creditors, suggests that Aon's actions were instrumental in the start-up's collapse. The lawsuit centres on Aon's Collateral Protection Insurance (CPI) product, which was designed to insure lenders against losses if a borrower's asset liquidation failed to cover debts. According to the lawsuit, the product's success hinged on securing reinsurance, for which Aon allegedly depended heavily on Vesttoo's ability to attract capital market investors. The complaint also implicates other entities including China Construction Bank Corp. (CCB), whose former employee is accused of collaborating with Vesttoo insiders to generate fraudulent letters of credit. Aon's subsidiary, White Rock Insurance, had previously secured a temporary restraining order against Vesttoo and reported suspicions of fraudulent letters of credit to Bermuda's financial regulator in 2023. In response to the lawsuit, Aon has emphasised Vesttoo's own admission of executive-level fraud in an investigative report and has stated that the company's executives, along with other co-conspirators, deliberately sought to deceive Aon and other affected parties. Aon has responded to the allegations, describing the lawsuit as "a perverse attempt by Vesttoo's bankruptcy estate to shift responsibility for Vesttoo's deliberate fraud to Aon, one of the fraud's biggest victims. 'Vesttoo has already acknowledged in its own investigative report that executives of the company, along with other co-conspirators, were responsible for the fraud and intentionally sought to mislead Aon and other impacted parties. We will vigorously defend Aon against these meritless claims," reported the Financial Times. Representatives for CCB, which is also involved in a separate civil lawsuit filed by White Rock, have yet to comment on the current allegations. Court documents from CCB have previously described the implicated former employee as a "low-level" staff member in Hong Kong lacking the authority to issue the letters of credit in question. "Aon faces lawsuit over alleged role in Vesttoo collapse " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Washington Post
36 minutes ago
- Washington Post
Under Trump, the Education Dept. has flipped its civil rights mission
The Trump administration has upended civil rights enforcement at K-12 schools and colleges, prioritizing cases that allege transgender students and students of color are getting unfair advantages, while severe staff cuts have left thousands of other allegations unresolved. The Education Department's Office for Civil Rights is so short-staffed that some attorneys have as many as 300 cases, making it impossible to devote attention to most of them, current and former employees said. Fewer cases are being closed, and 90 percent of those resolved were dismissed, typically without an investigation, up from 80 percent last year, according to data obtained by The Washington Post.
