Litigation/Liability Trends
Boeing’s Success in Defeating U.S. Lawsuits Could Be Challenged by Ethiopia Crash
The crash of Boeing Co's 737 MAX 8 passenger jet in Ethiopia raises the chances that families of the 157 victims, even non-U.S. residents, will be able to sue in U.S. courts, where payouts are larger ...
AGCS Unveils Coverage for Auto Parts Manufacturers Slammed by a Product Recall
Allianz Global Corporate & Specialty has started offering coverage for auto parts manufacturers, enabling them to reduce expense risks related to a recall. Allianz's specialist corporate insurer ...
Angry Parent Files $500B Lawsuit Over U.S. College Admissions Scandal
The U.S. college admissions scandal that erupted this week has triggered private litigation accusing rich, well-connected parents of buying spots for their children at prestigious schools, and ...
Crash Concerns Leave Airlines Rethinking $55B in Boeing Orders
The Boeing Co. 737 Max crash in Ethiopia looks increasingly likely to hit the planemaker's order book as mounting safety concerns prompt airlines to reconsider purchases worth about $55 billion. ...
Wells Fargo CEO Insists Scandals, Risk Management Woes in Past; Regulator Disagrees
Democratic and Republican lawmakers on Tuesday pressed Wells Fargo & Co Chief Executive Tim Sloan for proof the bank has put a string of consumer abuse scandals behind it at a tense congressional ...
Insurers Get Apology From Attorney Responsible for Giant Workers Comp Fraud
Sean Enrique O'Keefe said he started out as a "humanistic attorney," but he became a mercenary and then a criminal who netted $700,000 a year by sending San Diego workers compensation claimants to ...
Boeing Shareholders Endure Stock Market Plunge as More Countries Ground 737 MAX 8 Planes
Boeing Co's fall in stock market value this week soared past $20 billion on Tuesday as more countries including the United Kingdom grounded the plane maker's 737 MAX 8 aircraft following Sunday's ...
Insurance Rates Could Climb in Flood-Prone Areas Under Trump Administration Plan
Flood insurance premiums could rise and property values fall in the most deluge-prone areas under a plan the Trump administration intends to roll out in coming weeks to change the way risk is ...