Fire Mitigation Industry Terror: NYC Gang Member Convicted of Extortion, Racketeering February 23, 2024 By Andrew G. Simpson A gang member who ran a fire restoration company has been convicted of using violence, threats of violence, and extortion...
Morgan Stanley Suit Isn’t About Money, Billionaire Mike Ashley Says February 23, 2024 By Upmanyu Trivedi Billionaire Mike Ashley said he brought his lawsuit against Morgan Stanley because he was concerned with how “grotesquely and unfairly”...
P&I Clubs Raise Renewal Prices to Keep Up With Claims Inflation: AM Best February 22, 2024 By L.S. Howard Protection and Indemnity (P&I) clubs sought further price improvements at the February 2024 renewals in order to keep up with...
Texas Jury Finds LSD Did Not Cause Spinal Injury, Requires Occidental to Pay HO Limits February 22, 2024 When does a hallucinogenic drug become the direct cause of a catastrophic injury, triggering a homeowners’ policy exclusion? Not when...
CoreLogic: 2-inch-Plus Hail Fell on 10M U.S. Homes in 2023 February 22, 2024 Last year saw 141 days with large hail (2 inch or greater)—the highest number of days in 20 years, according...
February Tornadoes in Wisconsin Caused $2.4M in Damage February 21, 2024 The first ever tornadoes ever recorded in Wisconsin in the usually frigid month of February caused more than $2.4 million...
California Hillsides Are at Risk of Floods After Days of Downpours February 20, 2024 By Michelle Ma The latest in a series of robust storms is drenching California again with rain and snow, prompting officials to warn...
FTX Investors Sue Sullivan & Cromwell, Say Law Firm Aided Fraud February 20, 2024 By Justin Wise FTX investors sued Sullivan & Cromwell, accusing the law firm of aiding illicit schemes that helped advance a multi-billion dollar...
New York’s High Court Backs Insurer’s Denial of COVID-19 Business Interruption Claim February 20, 2024 By Andrew G. Simpson New York state’s highest court has affirmed that there must be direct physical loss or damage, not just presence of...
Australia Set for Another Cyclone Hit After Storm Forms in North February 16, 2024 By Keira Wright Australia will be struck by a third tropical cyclone in around two months after a system formed off the country’s...