Litigation/Liability Trends
Pending New York Cybersecurity Regs Risk Raising Loss Potential: Fitch Ratings
New cybersecurity regulations in New York could raise loss potential for insurers, even as they fuel premium growth for both the cybersecurity and directors and officers sectors, Fitch Ratings said ...
DuPont, Chemours Will Fork Over $671M to Resolve Chemical Leak Lawsuits
DuPont and Chemours Co have agreed to pay $671 million in cash to settle thousands of lawsuits involving a leak of a toxic chemical used to make Teflon, the companies said on Monday. Shares of ...
Former AIG Chairman Greenberg Admits to Wrongdoing in Longstanding New York Fraud Lawsuit
Former American International Group Inc. Chairman Maurice "Hank" Greenberg admitted to participating and approving two fraudulent reinsurance deals as part of a settlement over a decade-old fraud ...
BMW Will Resolve Vehicle Water Damage Lawsuit for up to $478M
German automaker BMW AG has agreed to pay up to $477.7 million to settle a class-action lawsuit covering about 318,000 U.S. luxury car owners who may have suffered water damage harming electrical ...
Lady Gaga Super Bowl Drone Extravaganza Underscores Wide Embrace of Unmanned Aircraft
The synchronized swarm of 300 drones lit up the night sky behind Lady Gaga, morphing into an American flag as she recited the Pledge of Allegiance. Sunday's Super Bowl halftime light show -- ...
Supreme Court Nominee Gorsuch Has Business-Friendly Track Record
In a decade as a federal appeals court judge, Supreme Court nominee Neil Gorsuch has criticized courts for giving too much power to government agencies that enforce the nation's labor and employment ...
A Large Swath of Businesses Remain Ill-Prepared for Cyber Attacks: Hiscox
A study of 3,000 companies in the UK, U.S. and Germany, reveals that more than half (53 percent) of businesses in the three countries are ill-prepared to deal with cyber attacks. Fewer than one-third ...
17 Months Later, VW Emissions Scandal Legal Trouble Keeps Coming
Luxembourg has launched criminal proceedings over Volkswagen's diesel emissions scandal, showing the German carmaker is still struggling to draw a line under the crisis some 17 months after it broke. ...