Monthly Archives: <span>August 2024</span>

Verisk: Reconstruction Costs in U.S. Rose 5.2% from Last Year

Total reconstruction costs in the U.S. rose by 5.2% from July 2023 to July 2024. That’s a large increase from the cost growth from July 2022 to July 2023 (4.0%) and over the cost growth in the second quarter (1.6%), …

Sedgwick Promotes Adcock to Global Practice Leader for Marine Business

Sedgwick named Ronnie Adcock global practice leader for the marine business. Adcock was previously senior vice president of Sedgwick’s U.S. marine operations, a team he has overseen for more than 20 years. He has been with Sedgwick more than 25 …

Client Mix-up Leads to Lawsuits, Bar Complaint Against Mississippi Comp Lawyer

What’s in a name? Thousands of dollars, a lost job, denied insurance coverage and the possibility of a suspended law license for a Mississippi workers’ compensation attorney, apparently. It all has to do with injured workers – both named Dorothy …

Ford to Recall About 85,000 Vehicles Due to Risk of Engine Fire

Ford Motor is recalling about 85,000 Explorer SUVs equipped with the Police Interceptor Utility package over concerns of an engine fire, the National Highway Traffic Safety Administration said on Friday. In the event of an engine failure, engine oil and …

GSK to Seek Dismissal of Florida Case Against Heartburn Drug Zantac

British drugmaker GSK said on Friday it would seek a dismissal of an upcoming Zantac case in Florida, where plaintiffs alleged that its discontinued heart burn drug had caused prostate cancer. The move followed a Florida court ruling on Thursday …

Chevron to Pay $550 Million Settlement to Richmond, California

Chevron Corp. is to pay Richmond City Council $550 million over 10 years, the city said in a statement, in a settlement that saw it drop a proposed ballot on a new tax on the oil major’s Richmond refinery. Richmond …

Ice Cream Museum Sued by Man Who Says He Broke Ankle Jumping into Sprinkle Pool

A man who says he broke his ankle jumping into the sprinkle pool at the Museum of Ice Cream in New York City has filed a lawsuit alleging that the facility was negligent for not warning visitors that it is …

Neutralizing Aftershock: Managing Claims in Response to Shock Verdicts

Shock verdicts remain on the rise nationally. They are generally recognized as awards exceeding $10 million that often defy rationale in relation to actual damages. These nuclear verdicts tend to occur in jurisdictions considered judicial warzones, such as Nevada, Pennsylvania, …

J&J Eyes Texas as Venue for Next Round of Baby Powder Fight

Johnson & Johnson was twice blocked in New Jersey from getting bankruptcy protection from one of its units to resolve billions of dollars in cancer claims tied to baby powder use. For its third try, the company is eyeing Texas, …

RBC’s Former CFO Sues Bank for $36M for Wrongful Termination, Citing Gender Stereotyping

Royal Bank of Canada’s former CFO Nadine Ahn has filed a wrongful-termination lawsuit against the bank, and alleged that “gender-based stereotyping” was at play in her dismissal. In April, RBC, Canada’s biggest bank, said it had terminated Ahn after its …