Litigation/Liability Trends
Internet-Connected Appliances, Outdated Systems Vulnerable to Russia Cyber Attacks: UK Spy Chief Warns
Businesses and homes are increasingly vulnerable to cyber attacks as people install Internet-connected appliances and companies rely on outdated systems, U.K. Chancellor of the Exchequer Philip ...
Wells Fargo Will Pay $50M to Settle Suit Over Homeowners Fees
Wells Fargo & Co has agreed to pay $50 million to settle a racketeering lawsuit accusing it of overcharging hundreds of thousands of homeowners for appraisals ordered after they defaulted on ...
Measuring Casualty Cat Risk: What Underwriters and Actuaries Miss and Why
Last month, I was invited to speak at the Casualty Actuarial Society Loss Reserving Seminar in Chicago, where I had the opportunity to challenge the existing techniques designed to measure ...
Driverless Taxis Poised to be Transformational for Mass Transit
Mass transit, the lifeblood of cities worldwide, is under threat from the biggest innovation in automotive technology since Henry Ford's assembly line first flooded streets with cars. The ...
Judge Rejects U.S. Airlines’ Bid to Quash Price-Fixing Lawsuit
A federal judge rejected a bid by the four largest U.S. airlines to dismiss nationwide antitrust litigation by passengers who accused them of conspiring to raise fares by keeping seating capacity ...
Another Earthquake Strikes Central Italy; Homes and Historic Churches Tumble
A powerful earthquake struck Italy on Sunday in the same central regions that have been rocked by repeated tremors over the past two months, with more homes and churches brought down but no deaths ...
Amtrak’s $265M Settlement Over 2015 Derailment Approved by Judge
A U.S. judge on Thursday signed off on a record $265 million settlement over an Amtrak passenger train crash in Philadelphia in 2015 that killed eight people and injured about 200 others, court ...
Central Italy Slammed by Series of Strong Earthquakes
A series of strong earthquakes hit central Italy on Wednesday, striking fear among residents still rattled by a deadly tremor in August, but there were no reports of casualties. A quake measured at ...