Litigation/Liability Trends
XL Catlin Exec Joins UN Effort to Bring Insurance Concepts Into Global Disaster Planning
XL Catlin Executive Deputy Chairman Stephen Catlin is among the business and political leaders spearheading a global effort to make insurance more sustainable in the face of growing climate risks and ...
Obama Administration Unveils New Offshore Oil Well Safety Rules
The Obama administration last Thursday unveiled new oil well control rules to prevent the kind of blowout that happened six years ago on a BP Plc rig in the Gulf of Mexico. The Interior Department's ...
Death Toll in Massive Ecuador Quake Rises to 233
The death toll from a 7.8-magnitude earthquake in Ecuador has risen to 233, President Rafael Correa said a day after the quake on the South American country's northwest coast, one of the strongest in ...
Federal Court Rules Travelers CGL Policy Covers Data Breach
A federal appeals court in Virginia has upheld a lower federal court in ruling that a commercial general liability policy (CGL) may cover a data breach. In a case involving the publication of private ...
Beazley/Munich Re Start Selling Broad Cyber Cover for Large Global Companies
Beazley will link up with a unit of Munich Re to roll out broad cyber protection for the world's largest companies, with a focus on digital assets and IT infrastructure. Plans call for Beazley, the ...
Global Cyber Email Scams Cost Businesses Billions of Dollars
Businesses have lost billions of dollars to fast-growing scams where fraudsters impersonate company executives in emails that order staff to transfer to accounts controlled by criminals, according to ...
BMW Debuts ReachNow Car-Sharing Service in Seattle; U.S. Expansion Eyed
Germany's BMW launched on Friday a car-sharing service in Seattle, where it will offer customers the use of 370 BMW and Mini vehicles, before expanding to other cities in the United States. ...
Wells Fargo Reaches $1.2B Settlement in U.S. Govt. Mortgage Suit
Wells Fargo & Co admitted to deceiving the U.S. government into insuring thousands of risky mortgages, as it formally reached a record $1.2 billion settlement of a U.S. Department of Justice ...