Litigation/Liability Trends
Hank Greenberg Seeks Damages Over 2008 AIG Rescue
U.S. lawyers on Friday urged an appeals court to bless the federal government's $85 billion bailout of American International Group Inc. At the same time, attorneys for Maurice "Hank" Greenberg are ...
Cyber Theft Strikes 20,000 Tesco Bank Accounts in UK
The banking arm of Britain's biggest retailer Tesco was scrambling on Monday to deal with an online attack over the weekend on 40,000 customers' accounts, 20,000 of which had money removed. The hack ...
China Passes Sweeping Cybersecurity Law; Foreign Opposition Remains
China has green-lit a sweeping and controversial law that may grant Beijing unprecedented access to foreign companies' technology and hamstring their operations in the world's second-largest economy. ...
Behind the Battle Over Loss Sensitive Workers Comp Plans: Small Biz vs. Berkshire’s Applied
David Miller is a stickler for safety at the Goodwill stores he runs in central California. So when Applied Underwriters offered his nonprofit a deal on insurance for workplace accidents if he could ...
Amazon Contractors Sue Retail Giant for Overtime Pay
Amazon.com was sued by Illinois delivery drivers who say the company failed to pay them overtime for hauling its goods. Among the questions the judge will have to answer? Whether they actually worked ...
A Handful of Wall Street Execs Still Avoid Using Emails or Texts
In an age when most bankers use keyboards to communicate with each other, a small group of the Wall Street elite refuses to say anything substantive in an email, text or chat, and some will not ...
SCOTUS Skeptical About Tossing State Farm Hurricane Fraud Jury Verdict
The Supreme Court on Tuesday appeared unlikely to throw out a jury verdict against State Farm that found the insurance company defrauded the U.S. government when it assessed damage caused by ...
XL Catlin Adds Employment Practices Liability Option for Design Professionals
XL Catlin said it is adding an employment practices liability option to its professional liability insurance product for architects, engineers and other U.S. design professionals or businesses. The ...