Litigation/Liability Trends
Teva Settles Oklahoma Opioid Marketing Claims Before Trial for $85 Million
Teva Pharmaceutical Industries Ltd. said on Sunday it had agreed to pay an $85 million settlement with the state of Oklahoma days before the company was set to face trial over allegations that it and ...
Expect Up to 8 Hurricanes During the 2019 Atlantic Hurricane Season
As many as 8 hurricanes may form in the Atlantic in 2019, a "near normal" season following two years of storms that have left a trail of death and destruction in the Caribbean and U.S. coast. Nine to ...
After several years in which much of P&C was focused on restoring rate adequacy and profitability, the market is finally...
Brazil Is Suing Top Tobacco Firms to Recover Public Health Treatment Costs
Brazil is suing the world's largest cigarette makers, British American Tobacco Plc and Philip Morris International, in a landmark case aimed at recovering the public health treatment costs of ...
TPAs Win ‘Bad Faith’ Ban in Iowa; Issue Remains Unsettled Elsewhere
A split decision by the Iowa Supreme Court last week resolves the issue in one state, but the question of whether third-party administrators can be held liable for the tort of bad faith remains ...
Federal Terrorism Reinsurance Program Is Keeping Market Stable: Marsh
The long-term viability of the U.S. property terrorism insurance market is back in the spotlight as Congress looks at renewing the federal reinsurance backstop, the Terrorism Risk Insurance Program ...
Bankrupt California Utility Allowed to Establish a $105M Wildfire Victim Fund
PG&E Corp may set up a $105 million housing fund for victims of 2017 and 2018 wildfires in California, which set records for devastation and were blamed on the utility's equipment, the judge ...
Workers Slap McDonald’s With 25 New Sexual Harassment Claims
McDonald's Corp was accused on Tuesday in 25 new lawsuits and regulatory charges of condoning sexual harassment in the workplace and retaliating against employees who speak up. The cases announced by ...
MGM Resorts: $751M Insurance Cover Will Help Address $800M Las Vegas Shooting Settlement
Casino giant MGM Resorts told federal regulators last Thursday it might pay up to $800 million to settle liability lawsuits stemming from the 2017 mass shooting in Las Vegas — the deadliest in ...