Thursday, June 24, 2004

Tristate summary

Corporex tower gets tentative OK

Staff reports

Corporex Cos.' plan to build a 17-story tower at the Covington riverfront has received preliminary approval of Covington City Commission, City Manager Greg Jarvis said Wednesday.

Jarvis, one of four speakers at Strauss & Troy's real estate development seminar, also detailed Covington's plan to invest $36 million in a flood wall and other riverfront improvements. In other news, Pam Middendorff of Cincinnati Center City Development Corp. said the group will unveil Fountain Square's preliminary redesign Monday at a City Council committee meeting.

Insurer agrees to pay restitution

An Ohio insurance company has agreed to pay at least 14 Michigan policyholders restitution in a 2002 case involving race-based pricing. The policyholders are part of a $1 million agreement with Cincinnati Life Insurance Co. covering at least 4,700 policies in 25 states and the District of Columbia. The settlement resolves claims that an insurer bought by Cincinnati Life charged black policyholders more than whites for life insurance policies sold between 1947 and 1968. Cincinnati Life did admit any wrongdoing.

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