PEOPLE’S TRUST INSURANCE CEO SUING HIS PARTNER’S WIDOW FOR $4 MILLION HE SAYS HE OVERPAID IN 2014 BUYOUT
By Ron Hurtibise, Sun Sentinel — April 23, 2018 People’s Trust Insurance lost $42 million in 2016, was recently in financial “shambles,” and was overvalued by more than $50 million when current President and CEO George W. Schaeffer agreed to buy half of the company from the widow of his late partner. Those claims surfaced [...]