Monthly Archives: <span>March 2021</span>

Insurance Unlikely to Cover All Shipowners’ Expenses Incurred in Suez Closure Chaos

The owners and charterers of ships unable to sail through the the Suez Canal for nearly a week face at least $24 million in expenses they will be unable to recoup as their insurance policies do not cover them, industry …

Supreme Court Grapples With Investor Class Actions in Goldman Sachs Securities Case

U.S. Supreme Court justices on Monday struggled in a case involving Goldman Sachs Group Inc. over how judges should determine when shareholders can collectively sue publicly traded companies for fraudulent statements that keep their stock prices artificially high. The justices …

Number of Independent Agencies Dips a Bit: Future One Study

Despite continued robust agency mergers and acquisitions activity, the number of independent insurance agencies has remained stable at 36,000, a number slightly below the last tally of 36,500 in 2018. That’s according to the 2020 Agency Universe Study from Future …

Groups Opposing Bill to Create California Medical Provider Network Option for Workers

A piece of California legislation to establish a statewide medical provider network for employees is raising a few eyebrows. Assembly Bill 1465 would require the administrative director of the state’s workers’ compensation system to establish a statewide medical provider network, …

Mastercard Battles Attempts to Expand Scope of $19B Class Action in UK

LONDON – Mastercard, a global payment processor, is battling attempts to add about 14 million deceased people to a 14 billion pound-plus ($19.3 billion) British class action in an effort to limit the scope of the historic case. A Mastercard …

Tornado Outbreak from ‘Super Cell’ Storms Cause Damage Across Deep South

Tornadoes and severe storms tore through the Deep South, killing at least five people as strong winds splintered trees, wrecked homes and downed power lines. Multiple twisters sprang from a “super cell” of storms that rolled over western Georgia early …

Fire Destroys Historic Black Church in Northeast Florida

Officials are trying to determine what caused a fire early Friday that destroyed a historic Black church in northeast Florida. Clay County Fire Rescue tweeted that no one was injured in the fire that started around 11 p.m. Thursday at …

Homes, Cars Flooded After Record Rains in Tennessee; Dozens Rescued

Heavy rains across Tennessee flooded homes and roads, prompting officials to rescue dozens of people from houses, apartments and vehicles. Authorities said four bodies were found Sunday in the flood’s aftermath. A flash flood emergency was declared overnight by the …

Gas Leak Forces Evacuation in Georgia Amid Storm Cleanup

A gas leak forced officials Sunday to evacuate some residents in Newnan, a Georgia city cleaning up after a powerful tornado days earlier ripped roofs off numerous homes and buildings. Newnan city officials ordered evacuations along two streets, saying in …

Forklift Accident at Wisconsin Food Plant Leads to $177K in Proposed Penalties

Federal workplace safety officials have cited a food packaging company after a worker was seriously injured by a forklift; proposed penalties total $177,490. The U.S. Department of Labor’s Occupational Safety and Health Administration said a forklift struck and seriously injured …