Litigation/Liability Trends
Public Companies Lacking Strengthened Cybersecurity Might Be Violating Federal Law
Public companies that fail to tighten their cyber security controls could be violating federal law, the U.S. Securities and Exchange Commission (SEC) said on Tuesday. The regulator's warning came in ...
Nomura Will Pay $480M to Resolve Claims Over Mortgage-Backed Securities
Nomura Holdings Inc has agreed to pay $480 million to resolve civil claims by the U.S. government that it misled investors in marketing residential mortgage-backed securities, U.S. authorities said ...
SCOTUS Rejects Appeal From Lead-Paint Makers in $400M Case
The U.S. Supreme Court rejected appeals from Sherwin-Williams Co. and Conagra Brands Inc., leaving intact a ruling that requires them to pay more than $400 million for lead-paint remediation in ...
New U.S. Law Places Greater Focus on Disaster Resilience, Though Shortfalls Remain
The U.S. government is starting to focus more on disaster resilience, rather than just responding to natural catastrophes when they occur – something long called for by the property/casualty ...
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 ...