Monthly Archives: <span>January 2023</span>

Black Sea Shipping Rates Rise as Reinsurers Cut Cover

LONDON –– Costs for hiring ships to transport commodities from the Black Sea have risen by more than a fifth since the start of the year, reflecting higher war risk insurance rates, industry sources said. The Black Sea is crucial …

New Florida Law Makes Joint Settlement Offers ‘Legit’ but May Not Go Far Enough

In the celebration over the Florida Legislature’s sweeping insurance reforms approved last month, one statutory change has slipped under the radar a bit – one that insurance attorneys said will streamline the settlement process and could help reduce litigation. Among …

Judge Slashes Damages Awarded in Deadly Charlotteville Rally

RICHMOND, Va. (AP) — A federal judge has slashed millions of dollars from the damages a jury ordered white nationalist leaders and organizations to pay for their role in the violence that erupted during the deadly “Unite the Right” rally …

Beach Town in Sand Dunes Battle Sues New Jersey for $21M

NORTH WILDWOOD, N.J. (AP) — A beach town that is defying New Jersey’s order not to shore up its eroding sand dunes is suing the state for $21 million. That’s how much North Wildwood says it spent over the past …

Prince Andrew Case Cited by Woman who Accused Trump of Rape

NEW YORK (AP) — Lawyers for a former advice columnist who says Donald Trump raped her in a department store dressing room in the 1990s are fighting his efforts to toss out a lawsuit by reminding a judge of his …

Report: Lawsuit Settled in Maryland Newsroom Shooting

ANNAPOLIS, Md. (AP) — The families of victims in the Capital Gazette shooting and some newspaper employees who survived the deadly 2018 attack dismissed civil charges against The Baltimore Sun and Tribune Publishing this week after settling the case, the …

‘Bomb Cyclone’ Brings Damaging Winds, Rain to California

SAN FRANCISCO (AP) — Damaging winds and heavy rains from a powerful “atmospheric river” pounded California on Thursday, knocking out power to tens of thousands, causing flash flooding, and contributing to the deaths of at least two people, including a …

11th Circuit Affirms Bad Faith Verdict in Suit Filed by One Insurer Against Another

After a job-site injury left independent contractor Ernest Guthrie paralyzed below the waist, two insurers for the contractor that hired him agreed to pay the full policy limits — $1 million each — only one month after receiving a payment …

Insurers, Agents Spared in New Jersey Shooting Claims

A federal judge in New Jersey has ruled that a New Jersey property owner is not entitled to insurance coverage for a shooting because it never disclosed it owned the banquet hall where the shooting took place on its two …

US Distillate Stocks, Refinery Utilization Drop after Winter Storm

NEW YORK –– U.S. distillate inventories fell more than expected as a winter storm gripped the United States at the end of December and refineries produced fuel at their lowest rate for nearly two years, data from the U.S. Energy …