Litigation/Liability Trends
Down From Heady Highs, the U.S. Cyber Insurance Market Still Grew 8 Percent in 2018
The U.S. cyber insurance market dropped from robust, double-digit growth in 2017 to a still-healthy single-digit increase in 2018, Fitch Ratings said. For 2018, direct written cyber premiums grew 8 ...
‘Underwriting by Google’ Leads to Wrong Answers on Autism Drivers
A chief underwriting officer of one of the largest P/C insurers once said to us, "I don't know what the next asbestos will be, but it will be whatever causes autism." The rate of autism spectrum ...
Lloyd’s Hopes Independent Survey Can Help Change Culture of Harassment
Lloyd's of London has commissioned an independent culture survey following a Bloomberg Businessweek article that uncovered evidence of sexual misconduct in the world's oldest insurance market. The ...
California Jury Slams Bayer With $2 Billion Award in Roundup Cancer Trial
A California jury on Monday awarded more than $2 billion to a couple who claimed Bayer AG's glyphosate-based Roundup weed killer caused their cancer, in the largest U.S. jury verdict to date against ...
Risk Alerts: Mississippi Homeowner Premiums, Hacked Scooters, Seat-Back Cameras on Airplanes
Mississippi homeowners could see premiums rise up to 25 percent thanks to Hurricane Katrina-related subrogation litigation being brought by the Mississippi attorney general. Lime electric scooters in ...
Cryptocurrency Exchange Giant Reports Hack Attack
Binance, one of the world's largest cryptocurrency exchanges, said hackers withdrew 7,000 bitcoins worth about $40 million via a single transaction in a "large scale security breach," the latest in a ...
J&J Reportedly Will Fork Over $1B to Resolve Most Metal-Hip Suits
Johnson & Johnson agreed to pay about $1 billion to resolve most lawsuits claiming it sold defective metal-on-metal hips that ultimately had to be removed, according to people with knowledge of ...
Lawsuits Accuse Two U.S. Solar Firms of Workplace Racism
Two residential solar companies have now been accused in separate lawsuits of discriminating against African American employees in warehouses. Six former employees of New Jersey-based Momentum Solar ...