Litigation/Liability Trends

Cyber Risk Rises to Top of Corporate Agenda With EU Regulatory Deadline: Marsh

The upcoming implementation of the European Union's General Data Protection Regulation (GDPR), which takes effect in May 2018, has elevated cyber risk to the top of the corporate agenda for ...

Suits Against Japanese Steel Supplier Expected After Fake Data Disclosure; GM, Ford Among Top Customers

Kobe Steel Ltd.'s legal problems are just beginning in wake of the company's disclosure that it falsified data for years about the durability of aluminum and copper used in airplanes, trains and ...

U.S. Supreme Court Won’t Yet Decide What Constitutes a Computer Hacking

The U.S. Supreme Court on Tuesday sidestepped a growing controversy over who can give permission to access a computer, a debate that goes to the core of what constitutes hacking in this era of ...

AIG Warns of Possible $3.1B Catastrophe Loss Hit for Q3 from Hurricanes, Earthquakes

American International Group warned it faces as much as $3.1 billion in pre-tax catastrophe losses for the 2017 third quarter, largely from three hurricanes and two Mexico earthquakes. The ...

Hurricane Nate’s Insured Losses Will Reach Close to $500M: Karen Clark & Co.

Hurricane Nate will likely cause close to $500 million in insured losses, according to a flash estimate from catastrophe modeling form Karen Clark & Co. While the number is not insignificant, it ...

Texting Isn’t to Blame for Still-Rising U.S. Traffic Deaths

Traffic fatalities in the U.S. jumped for the second straight year in 2016 despite a dip in crash deaths linked to distracted driving, according to data released by federal highway safety regulators. ...

Trump Administration Proposes Curtailing Flood Insurance in Flood-Prone Regions

President Donald Trump proposed ending federal flood insurance for new homes in areas most at risk of flooding, a change that could curtail new construction in vast parts of Florida, Louisiana and ...

Allianz, AXA, Generali, Others Agree to Crack Down on Pirate Fishing

A coalition of insurance firms agreed on Friday to crack down on pirate fishing by banning coverage for trawlers whose illegal catches are worth at least $10 billion a year. Firms would deny ...