Claims / Legal
Fracking Poised to Resume in UK, 6 Years After Tremors Halted the Practice
Six years after Britain's first fracking operation was stymied by earth tremors, its shale gas industry is poised to try again with a technology that could transform the UK gas market and drastically ...
More Legal Crises for Wells Fargo: Lawsuits Over Mortgage and Auto Loans
Wells Fargo & Co is facing litigation over previously disclosed sales problems related to its auto lending and mortgage businesses, the bank disclosed in a regulatory filing on Friday. The ...
New Judicial Appointments Could Help Curb Shareholder Suits, Reduce D&O Losses
Directors and officers insurance has faced major losses in recent years due, in part, to what some call a significant increase in shareholder securities class action lawsuits. But a slew of new ...
10M Americans Will Be Affected by Climate Change by 2075: CBO Warning
Ten million Americans will be "substantially affected" by climate change by 2075, causing government disaster spending to jump, the Congressional Budget Office projected Thursday. But, instead of ...
First Commercial Carrier Approved in California to Sell Cannabis Insurance
Since last year, Californians are allowed to grow and possess marijuana. Now, the most populous U.S. state has taken another step to bolster the cannabis business by deciding to give insurance cover ...
The Great Revival: The Return of Bad Faith Litigation in the United States (Part II)
The first part of this article discussed the history of bad faith and how, after a time, it became limited by courts under the reasonable basis or fairly debatable standard. Now, some recent cases ...
Property Insurance Industry ‘Feeling the Pressure’ from Cyber Risk, Advisen Panelists Say
Property underwriters are feeling the pressure as cyber has become an increasing source of risk within the property insurance industry, according to panelists at Advisen's 2017 Cyber Risk Insights ...
The Great Revival: The Return of Bad Faith Litigation in the United States (Part 1)
Since the late 1960s and early 1970s, the United States has seen the growth of direct actions against insurance companies in what have colloquially been termed "bad faith" actions. These actions have ...