litigation costs News

Florida’s Anchor Insurance is Reborn as Patriot Select With $29M in Capital

It was once known as Anchor Property & Casualty Insurance Co., based in St. Petersburg, Florida, and launched in 2014. Then it was known as another Florida carrier that had slipped into financial troubles and was placed into an orderly …

Georgia Lawmakers Gearing Up for New Tort Reform Push

ATLANTA (AP) — After years of stalled efforts to limit civil lawsuits, Georgia Gov. Brian Kemp and Republican lawmakers are doubling down with a new push. Supporters, most prominently business groups, call the state a “judicial hellhole,” and argue that …

Environmentalists Headed to Court Over Proposed Oil Well in Florida Watershed

TALLAHASSEE, Fla. (AP) — Environmentalists are heading to court to try to stop a plan to drill for oil in the watershed of a vulnerable north Florida river. The challenge brought by the conservation group Apalachicola Riverkeeper against the state’s …

WCRI: Average Total Cost of Penn. Workers’ Comp Claims Highest of Studied States

The average total cost of a Pennsylvania workers’ compensation claim is among the highest of 18 states studied, with litigation costs a key driver of higher overall benefit delivery expenses, according to a recent study by the Workers Compensation Research …

Bank of America Says Legal Losses Could Hit $2.3 Billion

Bank of America Corp.’s legal losses could cost as much as $2.3 billion above money already set aside to cover litigation, the largest U.S. bank by assets said in a securities filing. BofA raised the possible legal loss estimate by …