Monthly Archives: <span>December 2020</span>

Seattle Police Settle Wrongful-Death Lawsuit for $1.5M

SEATTLE (AP) — The City of Seattle will pay the family of Che Taylor $1.5 million to settle a federal civil rights lawsuit filed after two police officers shot and killed Taylor outside a Wedgwood neighborhood home. A federal judge …

Company Offering Pandemic Stock Tips Accused of $137M Fraud

OLLEGE PARK, Md. (AP) –The founders of a company called Raging Bull tout themselves as expert stock traders who teach customers how they, too, can become millionaires. Marketing emails said they found a “hidden bull market” in the COVID-19 pandemic. …

Contractor in Surety Dispute Accuses Arch Insurance of Fraud

A Southern California construction company accuses Arch Insurance Co. of “fraudulent and deceptive behavior,” and has hired the public relations specialist who represented Michael Cohen when he spoke out against President Donald Trump to take those allegations to the press. …

When $2 Trillion Falls Short, Next 2020 May Be Uninsurable

There aren’t many contexts where $2 trillion seems like a paltry sum. Then a pandemic comes along. The economic fallout from Covid-19 has left insurers issuing existential warnings and businesses discovering they weren’t covered. It’s resulted in courts packed with …

Storms that Slammed Central America In 2020 Just a Preview, Experts Say

HAVANA/GUATEMALA CITY — Villagers in Guatemala’s Mayan hillside hamlet Sanimtaca had been about to harvest their cardamom crops that take three years to grow when waves of floodwater triggered by two tropical storms last month washed them away. Now they …

Munich Re to no Longer Cover Events Canceled for Pandemics

FRANKFURT/MUNICH — German reinsurance group Munich Re will no longer insure against events canceled due to pandemics, a board member said on Tuesday. The world’s largest resinsurer is making the change after it faced large losses this year in the …

Latin American Crime Cartels Turn To Crypto To Clean Up Their Cash

MEXICO CITY — In April 2019, Mexican police arrested suspected human trafficker Ignacio Santoyo in a plush area of the Caribbean resort of Playa del Carmen after linking him to a prostitution racket extending across Latin America. Yet it was …

Why are Some Scientists Turning Away From Brain Scans?

NEW YORK (AP) — Brain scans offer a tantalizing glimpse into the mind’s mysteries, promising an almost X-ray-like vision into how we feel pain, interpret faces and wiggle fingers. Studies of brain images have suggested that Republicans and Democrats have …

Alaska Officials Say Landslide Danger Remains After Storm

HAINES, Alaska (AP) — Officials in southeast Alaska have repeated warnings about possible landslide danger in the community of Haines, where two people remain missing after a large slide last week. Torrential rain across much of the region caused havoc …

8th Circuit Finds No Coverage Owed in Separate Investor Schemes

In separate opinions, a federal appellate court affirmed rulings that insurers could dodge liability for wrongful acts by their policyholders because the actions were not covered by the policies. In a decision filed Sunday, a panel of the 8th Circuit …