Justice Department Accuses Cargo Ship Owner of Negligence in Baltimore Bridge Collapse Lawsuit
The Justice Department is seeking to recover over $100 million, alleging that the owner and manager of the cargo ship responsible for the Baltimore bridge collapse ignored critical electrical issues and cut safety corners, leading to the fatal disaster.
September 18, 2024
Catastrophe
Liability
Litigation
Marine
Maryland
Majority of Hurricane Debby Damage Occurred Outside FEMA Flood Zones, Highlights Coverage Gaps
Hurricane Debby caused $12.3 billion in damage, with 78% of affected properties located outside FEMA-designated flood zones. The event underscores the need for updated flood risk assessments and broader insurance coverage.
August 14, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Florida
Georgia
Maryland
North Carolina
Pennsylvania
NOAA Proposes $575 Million for Coastal Climate Resilience
NOAA recommends $575 million in funding for 19 projects to enhance coastal climate resilience under the Investing in America agenda.
July 31, 2024
Catastrophe
Legislation & Regulation
Property
Risk Management
Alaska
California
Delaware
Hawaii
Louisiana
Historic $3.75M Workers’ Rights Settlement Benefits Over 1,200 D.C. Construction Workers
In a landmark settlement, more than 1,200 construction workers in Washington D.C. will receive restitution for lost compensation and sick leave, marking the largest workers’ rights deal in the city’s history.
July 30, 2024
Fraud
Legislation & Regulation
Litigation
Workers' Compensation
District Of Columbia
Maryland
Virginia
Maryland Woman Faces Charges for Alleged $180K Insurance Fraud
A Maryland woman is accused of filing fraudulent insurance claims worth over $180,000, using false damage photos and documents in her submissions to USAA.
July 29, 2024
Fraud
Insurance Industry
Litigation
Property
Maryland
Maryland Woman Indicted for Felony Insurance Fraud and Theft
A Maryland woman faces felony insurance fraud and theft charges after allegedly submitting fraudulent claims totaling over $180,000 to USAA.
July 23, 2024
Fraud
Insurance Industry
Litigation
Property
Maryland
Rising Replacement Costs Demand Strategic Adjustments from Insurers
As inflation and global conflicts escalate replacement costs, brokers and underwriters must effectively communicate economic trends and risk factors to clients to ensure adequate coverage and transparent pricing.
July 16, 2024
Insurance Industry
Property
Risk Management
Maryland
New OSHA Rule to Protect Workers from Heat Illness
OSHA’s proposed rule aims to safeguard indoor and outdoor workers from heat-related illnesses and deaths.
July 2, 2024
Legislation & Regulation
Risk Management
Workers' Compensation
California
Colorado
Maryland
Minnesota
Oregon
Cybersecurity Gaps Leave General Contractor Liable in Phishing Scam
A phishing attack against a subcontractor highlights the importance of cybersecurity in the construction industry.
July 1, 2024
Liability
Litigation
Risk Management
Technology
Connecticut
Maryland
NOAA Grants $308 Million to Colorado State University for Weather and Climate Research
NOAA renews its partnership with Colorado State University through a $308 million grant, supporting the Cooperative Institute for Research in the Atmosphere (CIRA) for advanced weather and climate research and forecasting.
May 20, 2024
Catastrophe
Education & Training
Risk Management
Technology
Colorado
Maryland
Missouri
Chubb to Pay $350 Million in Claims for Baltimore Bridge Collapse
Chubb, the insurer for Baltimore’s Francis Scott Key Bridge, is set to pay out $350 million following the bridge’s catastrophic collapse, which resulted in significant economic and human losses.
May 2, 2024
Catastrophe
Insurance Industry
Litigation
Marine
Maryland
Maryland Insurance Professional Sentenced for Major Theft from Title Company
A former insurance producer in Maryland pleads guilty to a significant theft scheme, resulting in a year of incarceration and restitution orders.
April 8, 2024
Fraud
Insurance Industry
Legislation & Regulation
Property
District Of Columbia
Maryland
Virginia
Baltimore Bridge Collapse May Set Record for Marine Insurance Losses, Lloyd’s of London Chairs Warn
Lloyd’s of London anticipates the Francis Scott Key bridge collapse to potentially become the most significant marine insurance loss in history.
March 28, 2024
Catastrophe
Insurance Industry
Marine
Risk Management
Maryland
Ship Owner Utilizes 19th-Century Law to Mitigate Liability After Baltimore Bridge Collision
After a catastrophic accident involving a ship and a Baltimore bridge, the vessel’s owner looks to an old maritime law to potentially cap damages, reshaping the financial aftermath.
March 27, 2024
Insurance Industry
Legislation & Regulation
Marine
Maryland
LoanDepot to Revise Appraisal Complaint Policies Following Settlement with Baltimore Couple
In a legal settlement with a Black couple, mortgage lender loanDepot commits to policy changes after accusations of racially biased appraisal practices.
March 26, 2024
Insurance Industry
Legislation & Regulation
Litigation
Property
Maryland
