A bulletin from Marsh’s London office warns that “ship owners are becoming increasingly concerned about the financial consequences of a rise in ship charterers filing for bankruptcy.” The problem prompted marsh to come up with a new product, “Charter Default.” …
More than 30,000 people are killed in car crashes each year in the United States. In addition to the toll on victims’ families and friends, crash deaths result in some $41 billion in medical and work loss costs, according to …
A man awaiting trial in a federal child-pornography case has filed a lawsuit alleging he was harassed by the police department in Biloxi, Mississippi. A lawsuit filed this week for 49-year-old Harry Gonsoulin Jr., of Biloxi, alleges police searched his …
On a clear June afternoon, a tractor-trailer truck crested a small rise on a stretch of interstate highway in Oklahoma. Plainly visible in the distance were more than a dozen cars and trucks that had stopped while a fender-bender was …
New York’s top court this week reinstated a Manhattan restaurant worker’s product liability lawsuit over a lye-crystal drain cleaner, concluding that the companies behind it have to do more than simply state the chemical compound is inherently dangerous and everyone …
Virtually all insurance policies contain provisions and exclusions dealing with events that most insureds consider so remote and unlikely that they rarely give any thought to their possible occurrence, much less what effect such an occurrence might mean to their …
After Iowa’s raging Cedar River filled his home with 13 feet of water and ruined most of his possessions, Justin Van Fleet pleaded for help from the Federal Emergency Management Agency to get back on his feet. Dead broke and …
Republicans in Texas easily swatted down major changes to insurance regulation in a Texas House bill that would keep the current rules and bureaucracy in place. The bill continuing the functions of the Texas Department of Insurance passed on a …
Westchester, Ill.-based American Westbrook Insurance Services LLC, a subsidiary of Hendricks Holding Co. Inc., acquired The American Worker Plans Inc. effective April 1, 2011. The move expanded the services available through American Westbrook’s benefit wholesale division, according to the company’s …
Responding to objections from Gov. Jay Nixon, Missouri lawmakers passed a revised bill that would restrict the ability of neighboring property owners to bring nuisance lawsuits against large, smelly hog farms. The legislation would limit the amount of money people …
