Litigation/Liability Trends
California Utility Shuts Power for 60,000 People to Prevent Wildfires
PG&E Corp. has deliberately left customers in the dark for the first time as a precaution to prevent wildfires from breaking out. Almost 60,000 customers in six counties across the Sierra Nevada ...
$25 Billion: Estimated Economic Losses Caused by Hurricane Michael
Hurricane Michael will probably end up causing at least $25 billion in economic losses. About $3 billion of that will fall on the federal flood insurance program and private insurers may get hit with ...
J&J Cleared by Jury of Liability in Talc Cancer Case
A New Jersey jury on Thursday cleared Johnson & Johnson of liability in a case involving a woman who alleged that the company's talc-based products, including its baby powder, contain asbestos ...
FEMA Chief Calls for a Natural Disaster Preparation Focus on Insurance and ‘Resilience’
Federal Emergency Management Agency Administrator Brock Long angrily criticized the failure of citizens to heed evacuation warnings and leaders to better prepare for natural disasters such as ...
Climate Change Group Lobbying for U.S. Carbon Tax Gets $1M Exxon Donation
Exxon Mobil Corp's latest shift on climate includes a $1 million donation to a political action committee's lobbying campaign to promote a U.S. tax on carbon-gas emissions, a central factor in global ...
Payment Companies Test Cyber War Games as Way to Manage Hack Attack Risks
Global payment companies held their first joint cybersecurity war games to test their systems' readiness for simultaneous attacks, uncovering differences in their defenses including even how to ...
North Korea Hacking Group Tried to Steal $1.1B From Global Banks Over Four Years
A North Korean hacking group has tried to steal at least $1.1 billion in a series of attacks on global banks over the past four years, according to cybersecurity firm FireEye Inc. The hackers, which ...
AT&T, Lockton, CNA Link Up to Sell Cyber Policies to Business Customers
AT&T, Lockton and CNA are involved in a new strategic alliance designed to sell cyber insurance policies. The deal is between AT&T's new wholly owned subsidiary, AT&T Insurance Agency ...