Claims / Legal
Northridge Earthquake Today Could Cost Insurers $20B: RMS
An earthquake like 1994's Northridge, California quake could cause $20 billion in insured losses today, catastrophe modeling firm RMS said last week. RMS made the announcement on Friday, Jan. 17, ...
Oracle Denied Bid to Have D&O Insurer Beazley Pay $20M Over Ellison Acquisition
Oracle Corp. can't rely on an insurer to pay $20 million to help settle shareholder claims over the software maker's acquisition of a company controlled by Oracle founder Larry Ellison, a judge ...
U.N. Report Outlines Climate Change Solutions
Governments may have to extract vast amounts of greenhouse gases from the air by 2100 to achieve a target for limiting global warming, backed by trillion-dollar shifts towards clean energy, a draft ...
Inadequate Shareholder Disclosure and Other Killer Risks
While most of the killer risks that can torpedo a company exist within the walls of the organization, the deadliest—in terms of its hidden impact—relates to external communications, a risk expert ...
Federal Lawsuit Filed Over West Virginia Chemical Spill
Eastman Chemical Co., a Kingsport, Tennessee-based chemical manufacturer, was sued by West Virginia stores and residents who allege the firm concealed the cancer- causing elements of a chemical ...
Payment Partners Could Face Lawsuits, Fines in Target Data Breach
Companies that help Target Corp process payments could face millions of dollars in fines and costs resulting from the unprecedented data breach that struck the retailer over the holiday shopping ...
Sept 11 Settlement Between American Air, Cantor Fitzgerald Approved
A federal judge on Monday approved a $135 million settlement between American Airlines Group Inc. and Cantor Fitzgerald over business and property losses suffered by the financial services company in ...
Top Jury Awards in 2013
U.S. juries awarded three verdicts of $1 billion or more for the third straight year in 2013, topped by a $1.2 billion award against Dow Chemical Co., the largest ever in a price-fixing case. Second ...