Litigation/Liability Trends
FIO: Insurer Litigation Expenses Dipped Slightly Between 2023 and 2024
Insurer litigation expenses declined slightly between 2023 and 2024 and potentially benefitted from state legal reforms to address increasing litigation costs, the U.S. Department of the Treasury's ...
‘Massive Legal Siege’ Against Social Media Companies Looms
Thousands of plaintiffs' complaints, millions of pages of internal documents and transcripts of countless hours of depositions are about to land in US courtrooms, threatening the future of the ...
Can a More Unified Front Be Formed Against Legal System Abuse?
To tell the public what it spends on insurance—an amount largely affected by what it calls legal system abuse—Uber has started to provide information on ...
Insurer Says Tech Services Firms Should Pay for Insured’s Ransomware Damages
ACE American Insurance Co. is suing to recover $500,000 it paid in ransomware damages to a staffing company, claiming cloud computing and cybersecurity firms contracted by its policyholder should ...
Two High-Profile Personal Injury Law Firms Sue… Each Other
Insurance folks tired of hearing about personal injury law firms going after those "greedy insurance companies" might want a ringside seat for this one. Two high-profile Boston-area personal injury ...
Civil Rights Agency Drops a Key Tool Used to Investigate Workplace Discrimination
The U.S. civil rights agency responsible for enforcing worker rights will stop investigating complaints about company policies that don't explicitly discriminate but may ...
Swiss Re Takes a Look at Hidden Behavioral Forces Behind Skyrocketing Jury Awards
The exponential growth of liability claims costs and social inflation in the United States is being driven, in part, by changing juror sentiment and shifts in societal norms, according to analysis ...
Insurers Fighting $345M Georgia School Abuse Award, With Policy Wording at Issue
In one of the grimmest, longest-running and most-litigated episodes of alleged child sexual abuse at a private school, the key question in a case now before the Georgia Court of Appeals is whether ...
SEC Hands Victory to IPO Issuers Who Want to Avoid Class-Action Lawsuits
The U.S. securities regulator on Wednesday said it would allow companies seeking to go public to require that investors resolve claims of fraud or other false statements ...