Litigation/Liability Trends
Wells Fargo, Ex-CEO Fail to Squash Shareholder Lawsuit Over Fake Accounts
A federal judge denied Wells Fargo & Co.'s request to dismiss a shareholder lawsuit triggered by the bank's plummeting stock price after it admitted in 2016 to creating millions of fake accounts, ...
Drones Might Require Anti-Hacking Protection in Europe
Europe's aviation safety authority has proposed anti-hacking measures and geo-awareness technology for small drones to avoid collisions with aircraft or people, taking an important step toward ...
Turn Commercial Drones Into Targeted Weapons? AI Could Help Hackers Do That
Rapid advances in artificial intelligence are raising risks that malicious users will soon exploit the technology to mount automated hacking attacks, cause driverless car crashes or turn commercial ...
Ohio Alleges Pharma Distributors Helped Propel Opioid Epidemic
Ohio on Monday accused four major pharmaceutical distributors of ignoring their responsibilities to ensure that opioids were not being diverted for improper uses, contributing to a drug abuse ...
D&O Liability Carriers May Have a Challenging Year: Fitch Ratings
Trouble is ahead in 2018 for carriers in the directors & officers liability insurance space, Fitch Ratings warns in a new market update. The cause: heavy competition and pricy claims trends. ...
Anbang Insurance Seized by Chinese Government; Founder Charged With Fraud
China's government seized temporary control of Anbang Insurance Group Co. and will prosecute founder Wu Xiaohui for alleged fraud, cementing the downfall of a politically-connected dealmaker whose ...
Gilead Wins as Judge Reverses Record $2.54B Hepatitis C Drug Patent Verdict
A federal judge in Delaware has overturned a jury's verdict requiring Gilead Sciences Inc. to pay a record $2.54 billion because its hepatitis C drugs Sovaldi and Harvoni infringed a patent held by ...
Cyber Risk Insured Losses Reached Record Levels in 2017: PCS/Verisk
Cyber risk insured losses reached $400 million in aggregate across three events in 2017, the largest annual level yet tracked by the Property Claims Services Unit of Verisk Insurance Solutions. "With ...