Bills in Wisconsin, Indiana could reduce nuclear verdicts against carriers

A newly passed bill in Wisconsin would limit non-economic damage awards in lawsuits involving commercial vehicle accidents, and Indiana lawmakers have passed a bill that would allow a plaintiff’s seatbelt use to be entered as evidence in accident lawsuits.

Both bills, which have implications for multimillion-dollar nuclear verdicts against trucking companies, now go to the states’ governors for their signatures.

The Wisconsin bill would cap nonmonetary damages — such as pain and suffering — at $1...

https://www.freightwaves.com/news/bills-in-wisconsin-indiana-could-reduce-nuclear-verdicts-against-carriers

Why Mauritius Oil Spill Insurance Claim Can Lead Upto $10 Billion?

An assessment of the Mauritius Oil Spill that happened 3 months ago reveals the extent of the damage and how the insurance claims can mount upto $10 Billion, says an article published in Forbes.

Three months ago, a major oil spill by Japanese-owned vessel, The Wakashio, unleashed between 210,000 and 300,000 gallons of heavy fuel oil into Mauritius’ coral lagoons in the Indian Ocean.

Last week, some of the remaining oil that was salvaged from the Wakashio is believed to have leaked from storage...

https://mfame.guru/why-mauritius-oil-spill-insurance-claim-can-lead-upto-10-billion/

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon