Tag: corporate accountability

$600 Million Settlement in Ohio Train Derailment Shines a Spotlight on Liability Insurance

Ester Adams
commercial liability cargo insurance

The Price of Accountability and Insurance Adjustments When a Norfolk Southern freight train derailed in East Palestine, Ohio, on February 3, 2023, it set off more than environmental and community alarms. Behind the scenes, the insurance world braced for shockwaves. With the derailment spewing hazardous vinyl chloride and a controversial “vent-and-burn” operation intensifying damages, the case has concluded in a staggering $600 million settlement. The aftershocks of this legal outcome, however, are perhaps even more striking in corporate liability insurance circles. The settlement has put Norfolk Southern squarely on the…

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Why 99% of Term Life Policies Never Pay Out And What Farmers’ Lawsuit Tells Us

Tate Ellison
Term life policies

Consumer Protection in Focus: The Farmers Life Insurance Lawsuit A high-stakes legal battle is brewing in California as Farmers New World Life Insurance Company faces allegations of overcharging policyholders and improperly lapsing policies. The class action lawsuit, filed on March 18, 2025, in California Superior Court for Los Angeles County, accuses Farmers of engaging in predatory practices that left many policyholders vulnerable. While the case is still in its preliminary stages, it has already sparked critical discussions about consumer rights and corporate accountability in the insurance industry. Understanding the Allegations…

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