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

Litigation Funders Deployed $3.2B in U.S. Investments Last Year – Report

Companies that finance U.S. commercial lawsuits in exchange for a cut of any recoveries upped their investments last year, committing $3.2 billion, according to a new report. That represents a 16% increase in capital committed to new U.S. litigation funding …

Judge Weighs Key Evidence Ahead of First Zantac Cancer Trial

Lawyers for a man who alleges he developed bladder cancer after taking GSK Plc’s heartburn drug Zantac urged a California judge on Thursday to allow expert testimony linking the drug to the illness at an upcoming trial. The trial in …

UN Official Warns of Rising Earthquake Death Toll in Syria

AMMAN (AP) — The United Nations regional humanitarian coordinator for the Syrian crisis said Thursday that the country’s death toll from last week’s deadly earthquake is likely to rise further as teams scramble to remove rubble in hard-hit areas. In …

Ford Stops Production of Electric F-150 After Battery Fire

DEARBORN, Mich. (AP) — Ford Motor Co. has suspended production and halted shipments of the F-150 Lightning electric pickup after a battery caught fire during a pre-delivery quality check. Production at Ford’s Rouge Electric Vehicle Center in Dearborn, Michigan, has …

Jeers, Boos from Ohio Villagers Enraged by Toxic Train Spill

EAST PALESTINE, Ohio (AP) — Residents of the Ohio village upended by a freight train derailment packed a gymnasium demanding reassurances after toxic chemicals spilled and burned in a huge plume over their homes and businesses. “I have three grandbabies,” …

NJ Court Orders Retrial to Allocate Liability in Premium Fraud Case

There will be a jury retrial on allocation of liability in a New Jersey workers’ compensation premium fraud case won by Liberty Insurance Corp. against a construction firm. The New Jersey Supreme Court ruled yesterday that a trial court erred …

Turkey Earthquakes to Cost Insurers $2.4 Billion – KCC

Catastrophe modeling firm Karen Clark & Company (KCC) said on Thursday it expects insured losses of $2.4 billion from the devastating dual Kahramanmaras earthquakes that hit Turkey earlier this month. The number of people killed by the deadliest earthquake in …

FAA Head Defends Safety of US Air Travel After Close Calls

The head of the Federal Aviation Administration said Wednesday he has taken steps to avoid a repeat of the technology failure last month that briefly halted all flights nationwide from taking off. Acting FAA administrator Billy Nolen said he has …

New Zealand Fears More Fatalities after Cyclone Kills 4

WELLINGTON, New Zealand (AP) — A cyclone that left a devastating wake of extensive flooding and landslides in New Zealand has claimed at least four lives and police have “grave concerns” for other residents who remain unaccounted for, the prime …

Austin’s City Manager Fired over Widespread Power Outages

AUSTIN, Texas (AP) — Austin’s city manager was fired Wednesday in the wake of outrage in the Texas capital over a slow and fumbled response to a winter storm power outage that left thousands of people without electricity for a …