Litigation/Liability Trends
Equifax Breach Could Be Most Expensive Corporate Hacking Ever
Equifax Inc said it expects costs related to its massive 2017 data breach to surge by $275 million this year, suggesting the incident at the credit reporting bureau could turn out to be the most ...
Chubb Won’t Cover Harvey Weinstein’s Legal Defense
Insurer Chubb Ltd is refusing to pay for Harvey Weinstein's legal defense against 11 lawsuits that accuse the movie producer of sexually harassing or assaulting women over the past three decades, ...
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 ...