Claims / Legal
U.S. Government Will Revisit Oil Train Risks
U.S. studies of oil train dangers may have underestimated the perils of volatile vapor on the tracks and officials will in future use precision instruments for more thorough tests, a Transportation ...
Home Depot Data Breach Liability Lawsuits Have Already Begun
Home improvement retailer Home Depot Inc has been sued over data breach by a customer, saying the company failed to properly safeguard customer data from hackers, a lawsuit filed in a Chicago federal ...
Brokers and Hedge Fund Lose Bankruptcy Claim Against Lehman
Co-underwriters with Lehman Brothers Inc. don't have so-called contribution claims against the liquidated investment bank related to offerings in which it was the lead underwriter in the sale of its ...
Baseball Fans Increasingly Confront Foul Ball Injury Risk
From his perch in the Atlanta Braves infield on May 20, third baseman Chris Johnson heard what sounded to him like the crack of two bats in quick succession. The first was a line drive off the bat of ...
Marsh, Aon Benfield Launch Cyber Covers Aimed at Cat, Re Buyers
Some major industry players have launched new policies designed to address growing need and demand for cyber insurance. Marsh, the global brokerage unit of Marsh & McClennan Cos., recently ...
High-Risk Industries Face More Liability Issues in Wake of BP Ruling
A U.S. court ruling that dramatically ramped up BP Plc's potential penalties for the 2010 Gulf oil spill could create new liability risks not just for deep water drillers but also for other ...
Halliburton Will Pay $1.1B to Resolve U.S. Gulf Oil Spill Claims
Halliburton Co, North America's top oilfield services provider, said it reached a $1.1 billion settlement for a majority of claims related to its role in BP Plc's oil spill in the Gulf of Mexico in ...
SEC Launches Tower Group Investigation
Tower Group International's situation has taken another turn for the worse, with news that the U.S. Securities and Exchange Commission is now investigating the struggling Bermuda insurer and ...