Natural Gas Company to Pay $3.15M Fine for Polluting West Virginia Waterways

Article 0 Comments A Colorado-based natural gas producer has agreed to pay a $3.15 million civil penalty to resolve pollution violations at 32 drilling sites in West Virginia. The U.S. Department of Justice says in a news release the agency and the West Virginia Department of Environmental Protection reached a […]

Woman Sues Oregon Motel for $4M over Alleged Pimp Operation

Article 0 Comments A woman who says she’s a victim of sex trafficking has filed a $4 million lawsuit against a Portland motel, alleging it failed to prevent pimps from forcing her to have sex with countless men there. The Oregonian/OregonLive reported the lawsuit filed last week doesn’t name the […]

Mercury General in California Reports 4Q Earnings Loss

Article 0 Comments Mercury General Corp. reported a fourth-quarter loss of $81.9 million, after reporting a profit in the same period a year earlier. The Los Angeles, Calif.-based carrier said it had a loss of $1.48 per share. Losses, adjusted for investment costs, were 26 cents per share. The auto […]

Jury Awards $123M to Victims in Washington Duck Boat Crash

Article 0 Comments A Washington jury has awarded about $123 million to the victims and families of a 2015 duck boat crash that killed five college students and injured more than 60 others in Seattle. After a four-month civil trial, King County Superior Court jurors found that Ride The Ducks […]

$6.1M for Motorcyclist Who Crashed after Hitting Pothole

Article 0 Comments Los Angeles will pay $6.1 million to a motorcyclist who hit potholes and crashed, leaving him with a serious brain injury. The Los Angeles Times reported the City Council voted the money for the settlement last week. Philip Ramon Alvarez sued the city over a 2015 crash […]

Allstate Q4 Catastrophe Loss Tempered by Higher Premiums, Reduced Auto Claims

Article 0 Comments The Allstate Corp. lost $312 million in its 2018 fourth quarter, which was attributable to higher catastrophe losses, lower investment income and a pension settlement charge. Catastrophe losses hit $963 million, versus just under $600 million in Q4 2017. However, the insurer said that higher premiums earned […]

New Mexico County to Pay $1.75M to Settle Suits over Deadly 2017 Shooting

Article 0 Comments New Mexico’s Bernalillo County will pay almost $2 million to settle a series of lawsuits stemming from a deputy’s 2017 fatal shooting of two unarmed suspects. KRQE-TV reports the county will make a $1.75 million payout to resolve litigation in the shooting that resulted in the deaths […]

Crypto Exchange Founder Dies, Along with Sole Password to Access $200M

Article 0 Comments Digital-asset exchange Quadriga CX has a $200 million problem with no obvious solution — just the latest cautionary tale in the unregulated world of cryptocurrencies. The online startup can’t retrieve about C$190 million ($145 million) in Bitcoin, Litecoin, Ether and other digital tokens held for its customers, […]

Insurtech CoverHound Raises $58 Million to Drive Cyber Unit, Open North Carolina Office

Article 0 Comments Digital property/casualty insurance platform CoverHound announced it has raised a $58 million Series D funding round. Global specialist insurer Hiscox led the round, along with additional investors including Chubb, Aflac Ventures and Japan-based MS&AD. The latest round brings the total capital raised since its launch in early […]