Litigation/Liability Trends
Lawsuit Alleges Tesla’s Futuristic Door Handles Contributed to Death in Burning Car Crash
The futuristic door handles on Tesla Inc.'s Model S are being blamed for a fatal crash in which a police officer was unable to pull a man to safety from his burning car. Omar Awan, a 48-year-old ...
Reinsurers’ Earnings Will Erode Further After 3rd Year of Major Claims: AM Best
Reinsurers' earnings are likely to see further erosion in 2019 after another year of major catastrophe losses, which is prolonging the positive momentum for reinsurance pricing, according to a new ...
Accounting Tricks Hide Real Value of Teva’s Proposed Opioid Settlement
Teva Pharmaceutical Industries Ltd's proposed $23 billion drug giveaway to settle thousands of U.S. opioid lawsuits will likely cost the company a fraction of that figure due to how it has valued ...
Adjuster’s Comment About ‘Homeys’ Enough to Allow Discrimination Claim to Proceed
A claims adjuster's comments about "homeys" and "you people" when talking to a South Chicago property owner were enough to merit further proceedings on a discrimination claim against State Farm Fire ...
Lawmakers Push for Removal of Tech Liability Shield
A bipartisan group of lawmakers is stepping up efforts to have U.S. trade officials eliminate a legal liability shield that tech companies are pushing to keep in new agreements, including a deal to ...
J&J Will Recall 33,000 Bottles of Baby Powder After FDA Finds Asbestos Traces
Johnson & Johnson said on Friday it is recalling around 33,000 bottles of baby powder in the United States after the U.S. health regulators found trace amounts of asbestos in samples taken from a ...
J&J Offers $4B to Settle Opioid Claims; Distributors Agree to Pay $18B
Johnson & Johnson has offered to pay $4 billion to settle all claims accusing the company of helping fuel the U.S. opioid epidemic, as part of a potentially larger deal involving drugmakers and ...
Deadly Los Angeles Wildfire Started Near Electrical Utility Transmission Tower
A deadly wind-driven wildfire that raged across the northern edge of Los Angeles last week started near the base of high-voltage transmission tower owned by electric utility Southern California ...