Claims / Legal
UK Watchdog Tells Financial Product Sellers: No More ‘Buyer Beware’ Defense
Britain's new watchdog announced sweeping changes in financial regulation on Wednesday, telling banks they can no longer blame customers when products go wrong and promising to study how consumers ...
Wal-Mart Moves to Fund Supply Chain Safety After Bangladesh Factory Fire
Wal-Mart Stores Inc., the world's largest retailer, is making its biggest push yet to try to improve conditions at factories that produce its clothing after a fire at a Bangladesh factory last year ...Jury Finds Exxon Liable For $236.4M In MTBE Suit
A New Hampshire jury on Tuesday found Exxon Mobil Corp liable for $236.4 million in a civil lawsuit that charged the oil company had polluted groundwater in the state with a gasoline additive used to ...
New York Fund Closure Could Leave Workers’ Comp Insurers Short on Reserves
Possible changes to a New York special fund could leave workers' compensation insurers under-reserved, an industry executive has warned. The concern involves an unusual feature of the Empire State's ...
NFL, Ex-Players Prep For Court Battle Over Concussions
With perhaps billions of dollars at stake, a hearing Tuesday over concussion litigation filed against the NFL promises to be a brawl between legal heavyweights. About 4,200 former players have sued ...
Kemp Column: Bracing For the Big One; Solar Storm Risk For Power Grids, GPS
Power networks, pipelines, radio communications and the global positioning system (GPS) are all entering a period of increased risk of outages from geomagnetic storms as the solar activity cycle ...BP to Appeal ‘Absurd’ Oil Spill Claims Payments
A U.S. judge's ruling Friday against BP Plc means the company can proceed with its appeal of the way a court-appointed administrator apportions payments for claims related to the 2010 Gulf of Mexico ...
Guide To Preventing Class-Action Disasters Arising From Natural Catastrophes
According to recent estimates, total insured losses for Superstorm Sandy will total at least $25 billion. This figure dwarfs the $4.5 billion in estimated losses caused by Hurricane Irene in 2011. ...