Yearly Archives: <span>2023</span>

Shadow-Fleet Oil Tanker Insurer Gets Shut Down by Marshall Islands

A company that offers insurance to the burgeoning shadow fleet of oil tankers — including one that ran aground off the coast of Indonesia — was shut down by the Marshall Islands, the firm’s only published address. The Continental Steamship …

Red Sea Merchant Shipping Starts to Grind to a Halt as Houthis Step Up Attacks

Shipping in the Red Sea is grinding to a halt with oil tankers idling and container vessels rerouting around Africa as violence linked to the Israel-Hamas war threatens to undermine the global economy. Two European oil and gas giants said …

Lloyd’s Adds Guyana to Risky Shipping List Amid Escalating Dispute With Venezuela

One of the world’s most-influential insurance markets added Guyana to its list of the riskiest shipping zones amid an escalating territorial dispute with neighboring Venezuela. The decision announced by Lloyd’s Market Association’s Joint War Committee on Monday applies only to …

Vans Owner VF Corp’s Order Fulfillment Operations Hit by Cyber Incident

VF Corp. said on Monday it was investigating “unauthorized” activity on its computer systems that disrupted some operations, including the ability of the Vans sneaker maker to fulfill global customer orders on its e-commerce site. Shares of VF Corp were …

WCRI: Consolidation of Health Care Leads to Higher Costs, Longer Disability Duration

Consolidation of health care services into large corporations that own hospitals, clinics and physician practices may hold the promise of more efficient and better-integrated care, but hasn’t led to better outcomes for workers’ compensation patients, according to a new study …

Companies Are Still Trying to Figure Out How to Comply With SEC Cyber Rules

Some public companies are still trying to figure out how to comply with new rules from the US Securities and Exchange Commission requiring speedy disclosure of significant cyberattacks. Those rules, which kicked in Monday, require companies to report cyber incidents …

Florida Court Rulings, Legislation Could Impact Insurers’ Claims Practices

Recent Florida legislation that has limited plaintiffs’ attorney fees and has raised the bar for bringing bad-faith claims against insurers appears to have already had an impact on the level of claims litigation in the state. Policyholder lawyers note that …

Florida Judge Slams Universal for ‘Stonewalling,’ Demands Answers From Company

Universal Property & Casualty Insurance Co. officials are discounting the significance of recent Florida judges’ rulings that have slammed the company for violating court orders, have forced Universal to default on lawsuits, have referred a Universal lawyer for disciplinary action, …

Fire Destroyed Los Angeles-Area Church Just Before Christmas

A Los Angeles-area church was destroyed in a massive fire early Sunday, just hours before a celebration that was set to include a Christmas play and a toy giveaway. Firefighters arrived at Victory Outreach church in Pomona at about 2:45 …

Seattle Man Arrested After Detective Made False Statements Gets $225K

King County, Washington will pay $225,000 to settle a civil rights lawsuit brought by a Black man who was arrested on drug charges after a veteran detective made false statements to obtain a search warrant, including misidentifying him in a …