Claims / Legal
Holiday Theft Trends; Driver, Hauler Tips For Protecting Precious Cargo
Networking equipment, tequila and footwear were high on the list of thieves intercepting cargo shipments during the 2020 holiday season, Verisk's CargoNet reported yesterday. CargoNet also offered ...
Insurer Missed Deadline to Remove $1M Bad Faith Case to Federal Court
Darryl A. Vachon did not accuse Travelers of bad faith in handling his $25,000 uninsured motorist claim until after a jury found he had incurred $1,022,780 in damages. Because he didn't, the insurer ...
Offshore Wind Project Spurs Legal Challenge From Oil Lobby and U.S. Fishing Industry
Members of the U.S. commercial fishing industry are teaming up with an oil industry-backed lobbying group to fight offshore wind energy development on the East Coast, according to documents reviewed ...
Judge Overturns $4.5B Settlement Protecting Sackler Family From Opioid Lawsuits
A federal judge overturned a roughly $4.5 billion settlement that legally shielded members of the Sackler family who stand accused of helping fuel the U.S. opioid epidemic, a decision that threatened ...
Biden’s Nominee for Auto Safety Regulator Promises to Confront Jump in Traffic Deaths
President Joe Biden's nominee to serve as the top auto safety regulator will vow to address the massive increase in U.S. road deaths, according to congressional testimony seen by Reuters. Steven ...
Appeals Court Revives COVID-19 Healthcare Worker Mandate in 26 U.S. States
A federal appeals court on Wednesday revived in 26 U.S. states a COVID-19 mandate issued by President Joe Biden's administration requiring millions of healthcare workers to get vaccinated if they ...
Tornado Losses Will Dent P/C Earnings, Not Capital: AM Best
For now, rating agency AM Best believes that property/casualty insurers will be able to absorb losses from the recent outbreak of 30-plus tornadoes across five U.S. states, but coexisting economic ...
Easing Supply Chains, Other Factors Could Rein in Inflation: Economists
Inflation is painfully high, but this hopefully is close to as bad as it gets. Consumer prices rose 6.8 percent for the 12 months ending in November, a 39-year high. Many economists expect inflation ...