Daily Archives: <span>January 31, 2018</span>

Puerto Rico Bondholders Suffer Setback as Lawsuit Dismissed

A U.S. federal judge on Tuesday dismissed a lawsuit by some of Puerto Rico’s bondholders, who had argued that the U.S. territory broke the law by defaulting on constitutionally-guaranteed debt despite having the money to make payments. Judge Laura Taylor …

Duke Energy, North Carolina Coal Ash Neighbors End Dispute Over Future Claims

Neighbors of Duke Energy Corp.’s unlined coal ash pits in North Carolina went to court after the company said their $5,000 “goodwill” payments required them to give up future health claims linked to contaminated well water, but now they’re ending …

ARC, FAIA to Offer Parametric StormPeace Coverage to Florida Member Agents

The Florida Association of Insurance Agents (FAIA) and Assured Risk Cover (ARC) have formed an agreement that grants FAIA member agents access to the StormPeace parametric insurance product that pays out-of-pocket expenses not covered by homeowners insurance. StormPeace automatically pays …