Yearly Archives: <span>2023</span>

Ohio Residents, Norfolk Southern Strike a Deal on Crash Evidence

Ohio residents suing Norfolk Southern Corp NSC.N will get an extra day to inspect rail cars that spilled a toxic chemical during a train derailment this month before the company clears the crash site, according to a deal struck by …

Storm Across Texas and Oklahoma Likely Qualified as a Derecho

A long line of quick-moving thunderstorms that produced a swath of damaging wind gusts across northern Texas and Oklahoma late Sunday likely qualified the event as a derecho, although that’s not an official designation, said Nolan Meister, a meteorologist with …

Georgia Bill Would End Direct Action Suits Against Insurers in Truck Accidents

Truck insurers would be able to avoid being named as defendants in lawsuits filed after trucking accidents under a bill moving through the Georgia General Assembly. Senate Bill 191, reported favorably last week by the Senate Transportation Committee, would repeal …

Visa, Mastercard Pause Crypto Push in Wake of Industry Meltdown

U.S. payment giants Visa and Mastercard are slamming the brakes on plans to forge new partnerships with crypto firms after a string of high-profile collapses shook faith in the industry, people familiar with the matter told Reuters. The crypto industry …

Does a Shipper Have Duty to Obtain Sufficient Insurance for Goods?

In a dispute over artwork lost in transit, a New York federal judge has ruled that FedEx Ground was liable to the artist for the lost works but that federal law caps its damages at the value placed on the …

NTSB Says Medical Plane Apparently Broke Apart Before Deadly Crash in Nevada

A medical transport flight that crashed in a mountainous area in northern Nevada, killing five all five people aboard the plane including a patient, apparently broke apart before hitting the ground, authorities said. The National Transportation Safety Board has sent …

Latino Workers at Tennessee Meat Plant Reach $1.2M Settlement in Immigration Raid

Latino workers at a Tennessee meat processing plant have reached a $1.2 million settlement in a lawsuit over a 2018 immigration raid in which they were “targeted by federal agents” because of their ethnicity, an immigration advocacy group said on …

Florida Speaker Says Tort-Reform Bill May See Changes Before It’s Approved

A Florida tort-reform bill that picks up where previous insurance-market rescue bills left off has passed its first milestone and now moves to the full House Judiciary Committee. But the speaker of the House said the measure is far from …

Acrisure Continues European Expansion With Launch of German Subsidiary

Acrisure, a fintech company that operates a top-10 global insurance broker, announced the formation of Acrisure Deutschland GmbH, a new subsidiary covering the German, Austrian and Swiss markets. Mathias Pahl will serve as president of Acrisure Deutschland GmbH and head …

Murdoch Testified Fox News Hosts Endorsed Idea That Biden Stole Election

Fox Corp. Chairman Rupert Murdoch acknowledged under oath that some Fox hosts “endorsed” the notion that the 2020 U.S. presidential election was stolen, according to a court filing unsealed Monday. Murdoch’s acknowledgment is included in a filing from Dominion Voting …