Litigation/Liability Trends
Devastating Floods in U.S. Plains States Tear Apart Homes, Businesses, Kill at Least Two
There was no let up in sight for devastating floods across the U.S. Central Plains states that have already killed two people, torn apart homes and businesses and cut off small towns, forecasters ...
SEC May Sue VW Over Diesel Breach Nondisclosure
Volkswagen AG may face a U.S. Securities and Exchange Commission lawsuit over the carmaker's failure to disclose to investors that its diesel vehicles didn't comply with emission standards, according ...
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 ...