Litigation/Liability Trends
Insurers Increasingly Worry About Political Risk Coverage
Evan Freely has been insuring global risks for years—through the 2008 market meltdown, the 2002 crisis in Argentina, and the 1993 downturn in Venezuela. Yet turmoil now seems to be coming at a more ...
Yahoo Sued for Allegedly Failing to Safeguard Funds for Chinese Dissidents
Yahoo Inc has been hit with a lawsuit saying it failed to safeguard more than $17 million it pledged to help jailed Chinese dissidents in a 2007 settlement. The lawsuit, filed on Tuesday in federal ...
A Surge in Dog Bite Claims Stems Partially From Larger Settlements
Fido's getting more aggressive. Insurance claims for dog bites jumped 18 percent to 18,123 last year in the U.S., according to an industry group. The average attack cost $33,230, a decline from 2015, ...
Twitter Drops Lawsuit After U.S. Govt. Withdraws Quest to I.D. Trump Critic
Twitter Inc on Friday dropped a lawsuit it filed the previous day against the U.S. Homeland Security Department, saying the government had withdrawn a summons for records about who was behind an ...
Wells Fargo Board Blames Ex-CEO, Other Exec for Much of Fake Account Scandal
Wells Fargo & Co.'s board clawed back an additional $28 million from former Chief Executive Officer John Stumpf and canceled about $47 million of ex-community bank head Carrie Tolstedt's stock ...
NY Regulator: States Should Use Its Cybersecurity Rules as Template
A group of U.S. state insurance regulators should use New York's sweeping cyber security rules as a model for how insurers must protect their networks from hackers and when they must disclose cyber ...
Wells Fargo Investors Urged to Unload Most Board Members Over Fake Account Scandal
Wells Fargo & Co. shareholders should vote to remove most of the bank's board members after they failed to provide "timely and sufficient risk oversight" to head off a scandal involving the ...
Twitter Defends Free Speech of Member in Suit Against Trump Administration
Twitter Inc has not had a lot to celebrate lately, but a U.S. government demand that it reveal the identity of an account criticizing President Donald Trump's immigration policies gave the company a ...