Towers Watson sought indemnity coverage for the settlements under its D&O policies including the primary policy from National Union Fire Insurance. The Virginia litigation settled for $75 million the Delaware settled for $15 million. Towers Watson shareholders filed several lawsuits in Virginia and Delaware against Towers Watson’s chairman and CEO and others, alleging that they received below-market consideration for their shares in the merger. A bump-up exclusion generally bars coverage for losses stemming from judgments or settlements in connection with claims against the insured seeking an increase, or “bump up,” in the consideration paid in an acquisition. And spending for Agriculture, Weights and Measures, which supports San Diego County’s $1.75 billion farming and ranching industry, would rise 0.3 percent, from $30.9 million to $31 million.The coverage dispute has to do with what is known as a “bump up” exclusion in the directors and officers (D&O) liability policies issued to Towers Watson in 2015. Planning and Development Services, which is responsible for land use planning and oversees development proposals, would receive a 1 percent bump from $53.2 million to $53.7 million. The executive office for the group would see a 2.3 percent increase, from about $11.5 million to $11.7 million. Spending plans for other departments within the Land Use and Environment Group would remain at or near the current fiscal year’s spending levels. It would add eight employees in administration, vector control, hazardous materials and land and water quality. ![]() The Department of Environmental Health and Quality, which handles restaurant inspections, mosquito abatement, beach water testing and hazardous waste management, would receive a 4.4 percent budget increase, boosting its spending power from $60.4 million to $63 million. The spending plan would dedicate an extra half million dollars to e-books, he said. ![]() Another $3.5 million will cover services and supplies, including books and library materials, facilities, maintenance projects and automated book sorters. Although that’s the highest increase in the group, it will largely cover rising costs of ongoing expenses, rather than major new initiatives, officials said.Ībout $3.1 million of the funding increase will go to salaries and benefits, including employee raises and pension contributions, as well as six new staff members to help run small, rural branches, Library Director Migell Acosta said. Spending on county libraries would jump 13 percent, from $58.8 million to $66.5 million. Woodson Trail to Potato Chip Rock, expand campgrounds at Sweetwater Summit Regional Park in Bonita and fund improvements for two new parks, Village View Park in Fallbrook and Calavo County Park in Spring Valley, Albright said. And it would add a parking lot and staging area at the Route 67 trailhead of the Mt. The budget includes funds to plant and maintain 5,000 trees on county park properties and another 5,000 throughout the region. San Diego’s regional transportation leaders continue to plan for major rail expansion despite lack of public funding. Transportation Borders, bikes, bluffs and rail: SANDAG’s budget spells out top four priorities for 2023 Another five positions would be added to manage expanded park facilities, along with others for capital projects and administration. The county is hiring wildlife biologists, naturalists and field managers to restore habitat, expand public access to some preserves and monitor threatened and endangered species, parks director Brian Albright said. That would include six employees to run the county’s Multiple Species Conservation Program, developed to preserve natural land throughout the county. Just over $2 million of the increase would pay for raises and benefits, as well as 14 new staff positions. Parks and recreation funding would rise almost 7 percent, from $70.7 million to $75.6 million. ![]() The boost in public works spending also includes $4.4 million for employee raises and 14 new positions - seven dedicated to the county road program, three to capital projects and others for flood control, traffic engineering and other tasks. That includes new sidewalks to connect local streets with Allen School in Bonita, Rock Springs Elementary in Escondido, Joan MacQueen Middle School in Alpine and Fallbrook High School.Īnother $66 million would go toward green infrastructure projects, officials said, including half a million dollars for sustainability plans at the county’s eight airports to map out how to reduce resource consumption, environmental impacts, and greenhouse gas emissions. Capital funds would also add 17 traffic signals and 14 sidewalk and pathway projects throughout the region.
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