Pa. Insurance Firm Seeks To Claw Back Ex-VPs’ Bonuses

Law360 (June 21, 2021, 5:05 PM EDT) — A pair of former vice presidents at a Pittsburgh insurance coverage and consulting agency need to pay again practically $50,000 every in “advance bonuses” after they give up in April, the corporate informed a Pennsylvania state court docket in a pair of lawsuits Monday.

USI Insurance Services LLC stated in its complaints that Taylor Troiano and Anthony DeRiggi have been each senior vice presidents who have been paid a “new enterprise bonus advance” once they have been employed in January 2020, however neither had drummed up the quantity of latest enterprise to earn the total bonus by the point they each give up.

“As of April 16, 2021,…

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