Litigation/Liability Trends
Harvey Weinstein Countersues Chubb, Seeking Payment of Legal Defense
Film producer Harvey Weinstein is fighting back against personal indemnity insurer Chubb Ltd, saying Chubb must pay for his legal defense against 11 lawsuits that accuse him of sexually harassing or ...
Lockton Sued by NRA Over Post-Shooting End of Carry Guard Insurance Program
The National Rifle Association is suing Lockton Cos., alleging the insurance broker breached its contract with the firearms lobbying group. Lockton administered the NRA's Carry Guard insurance ...
Wells Fargo Will Pay $480M to Resolve Fake-Accounts Lawsuit
Wells Fargo & Co. agreed to pay $480 million to settle a class-action lawsuit in which investors accused the bank of securities fraud related to its fake-account scandal. The settlement resolves ...
Warren Buffett Preaches Caution on Cyber Insurance Because Risks Are Unknown
Warren Buffett said he doesn't want Berkshire Hathaway Inc. being a leader on cyber insurance because neither he nor others in the industry really know the risk. "I don't think we or anybody else ...
Lockton Fined in NY Over NRA Insurance; Probe of Other Players Continues
Insurance broker Lockton will pay a $7 million fine for administering National Rifle Association (NRA) member insurance programs in New York that officials say violate several state laws. The ...
Oklahoma Wildfires Kill Hundreds of Cattle, Destroy More than 300,000 Acres
Wind-driven wildfires that began in mid-April, fueled by severe drought, have killed hundreds of cattle and destroyed more than 300,000 acres in Oklahoma, authorities said on Monday. Oklahoma has ...
U.S. Energy Industry’s Cyber Security Measures Are Woefully Lacking
How much is cyber security worth to the U.S. energy industry? Not a whole lot apparently. Two prominent security consultant firms estimate that energy companies, ranging from drillers to pipeline ...
Google Privacy Settlement, ‘Direct Compensation’ in Class-Action Suits to Get SCOTUS Scrutiny
The U.S. Supreme Court will use a privacy case involving Google to consider making it harder for companies to settle class-action lawsuits without providing direct compensation to those affected. The ...