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

La. Insurance Commissioner Fines Hurricane-Damage Law Firm $2 Million

Louisiana Insurance Commissioner James Donelon on Tuesday issued $2 million in fines against McClenny Moseley & Associates and three of its partners, the maximum amount allowed by law. “The illegal insurance scheme perpetrated by McClenny Moseley & Associates is frankly …

Ford Wins Reversal of $105M Trade Secrets Verdict

A federal judge in Detroit on Monday threw out a jury verdict ordering Ford Motor Co. to pay Versata Software Inc $104.6 million for breaching a 2004 licensing contract and misappropriating trade secrets. U.S. District Judge Matthew Leitman said that …

Gwyneth Paltrow Denied Attorneys’ Fees in Ski Crash Lawsuit

SALT LAKE CITY (AP) — Gwyneth Paltrow will not recoup the attorneys’ fees she paid to successfully defend herself against a lawsuit from a 76-year-old retired optometrist who claimed she was at fault for crashing into him at a posh …

Attacks on Delivery Drivers Add Fears Among Gig Workers

NEW YORK (AP) — A homeowner fired shots at a couple’s car when they mistakenly turned onto his property while making an Instacart delivery. A Florida man was charged with killing and dismembering an Uber Eats delivery driver who brought …

Tornadoes in Virginia and Florida, Flooding in Other States

VIRGINIA BEACH, Va (AP) – Officials in Virginia, Maine, and Florida are assessing damage Monday from major storms over the weekend, including some that caused power outages and wrecked homes. The City of Virginia Beach declared a state of emergency …

Rising Mississippi River Tests Iowa, Illinois Flood Barriers

DAVENPORT, Iowa (AP) — The rising Mississippi River tested flood defenses in southeast Iowa and northwest Illinois as it neared forecast crests in the area Monday, driven by a spring surge of water from melting snow. The peak water levels …

Operator in Limousine Crash that Killed 20 Goes on Trial in New York

SCHOHARIE, N.Y. (AP) — Nearly five years after a stretch limousine packed with birthday revelers careened down a hill and off a road in rural upstate New York, killing 20 people, the operator of the company that rented out the …

WSJ: Hedge Funds Investing in COVID Business-Interruption Claims

Multiple hedge funds are making long shot bets on COVID-19 business-interruption claims, despite a long string of losses in state and federal courts, according to a report by Wall Street Journal. The newspaper, citing anonymous sources, reported Thursday that Avenue …

Viewpoint: Closing the Gap on Insurance to Value

In April 2022, a fire broke out in a Walmart distribution center in Plainfield, Indiana. The fire burned for more than three days, all of the approximately 1,000 employees got out safely and the facility remains closed. Occasionally we’ll see …

California Landslide Halts Rail Service, Homes Evacuated

SAN CLEMENTE, Calif. (AP) — A landslide in Southern California has closed a historic cultural center, shut down rail service in the area and forced the evacuation of nearby residences, officials said. The slope below the ocean-view terrace at Casa …