Litigation/Liability Trends
2 Romanians Convicted in Malware Scheme That Infected 400,000 Computers
A federal jury on Thursday convicted two Bucharest, Romania, residents of 21 counts related to their scheme to infect victim computers with malware in order to steal credit card and other information ...
GE’s ‘Incomplete’ Hudson River Cleanup Leading to New York Lawsuit Against the EPA
New York state officials plan to sue the U.S. Environmental Protection Agency for allowing General Electric Co to stop clearing the Hudson River of PCB contamination before the cleanup work was ...
Several Oil Companies Allege U.S. Government Sold Toxic Crude
Exxon Mobil Corp. is the latest company to raise concerns that a stockpile of U.S. government crude is tainted with poisonous gas. The American energy giant said some of the oil it purchased last ...
Business Interruption Worries Driving Cyber Insurance Acquisition Surge: Marsh
There's been a surge in the purchase of cyber insurance over the last few years as clients increasingly acquire it to confront business interruption risk, Marsh asserts in a new report. "As risk ...
Most Midwest Homes Lack Flood Insurance: A.M. Best
States hit hardest by recent Midwest flooding — including Missouri, Iowa, Kansas and South Dakota — generally have National Flood Insurance Program (NFIP) insured rates of less than 1 percent, ...
‘Bomb Cyclone’ Blizzard Forces Some U.S. Grain Processors/Elevators to Close
A second "bomb cyclone" blizzard hitting the United States was limiting the movement and processing of corn, soybeans and wheat around the Midwest and Plains on Thursday. Grain trader Cargill Inc ...
Shareholder Suit Accuses Boeing of Concealing Safety Shortfalls in 737 MAX Planes
Boeing Co's legal troubles grew on Tuesday as a new lawsuit accused the company of defrauding shareholders by concealing safety deficiencies in its 737 MAX planes before two fatal crashes led to ...
Norsk Hydro Credited With Quick Response to Cyber Attack Despite Unrelated Upheaval: RMS
When Norsk Hydro, one of the world's largest aluminum producers, was hit by a major cyber attack in the early hours of March 19, it was already undergoing a major upheaval: just the day before the ...