Litigation/Liability Trends
Ironshore Joins Rivals in Food Recall Product Contamination Insurance Space
An Ironshore division has started offering product contamination recall coverage focused on food and beverage industry-related risks. It won't be without competition. The company's Pembroke Managing ...
Global Network for Bank Money Transfers Aware of Many Cyber Fraud Incidents
SWIFT, the global financial network that banks use to transfer billions of dollars every day, warned its customers on Monday that it was aware of "a number of recent cyber incidents" where attackers ...
Auto Insurance Premiums Could Collapse as Driverless Cars Take Hold
The automotive and tech companies pursuing the driverless car share a utopian belief: Autonomous vehicles will benefit society, eventually saving most of the nearly 33,000 people each year killed in ...
Fallout from the Travelers CGL Cyber Ruling: Insurance Buyers and Sellers Beware
Experts are cautioning both insurance buyers and sellers not to overreact to the recent federal court decision finding data breach defense coverage under a commercial general liability (CGL) policy. ...
Cyber Hacking Risks Discovered in U.S. Army’s $12M Mobile Network
A $12 billion mobile Internet network that the U.S. Army is using in Iraq, Afghanistan and Africa has significant cyber security vulnerabilities that were found in combat testing. After a review ...
$100M Suit Resolution: Uber to Treat CA Drivers More Like Real Employees
Uber Technologies Inc. resolved the biggest threat to its business by settling with California drivers suing to be treated more like traditional employees, a move that could have broad-ranging ...
Cyber Thieves See Limited Chances Before Credit Card Chips Curtail Their Theft Opportunities
Cyber thieves see new credit card chip technology being adopted by U.S. retailers closing a lucrative window of opportunity to steal your data. So they want to move fast. "We've actually seen a ...
VW U.S. Emissions Scandal Deal to Cost at Least $10B
Volkswagen AG agreed to fix or buy back about 500,000 tainted cars in the U.S., taking a significant step forward in its effort to emerge from the emissions-cheating scandal. After months of ...