Litigation/Liability Trends
Congress Tackles Cyber Security as Part of Federal Spending Bill
Companies that share data with the U.S. government for cyber security purposes will get more protection from consumer lawsuits under a measure piggybacked onto a massive federal spending bill ...
Fiat Chrysler Ordered to Pay $70M Over Auto Safety Reporting Lapses
The U.S. Department of Transportation said Thursday it is fining Fiat Chrysler Automobiles NV $70 million for failing to report vehicle crash deaths and injuries since 2003. The Italian-American ...
Some European Bond Investors Risk $1 Trillion Liability
Another year, another thing for investors in Europe to worry about. The Bank Recovery and Resolution Directive, part of the regulatory changes since the 2008 financial crisis, comes fully into force ...
Uber Drivers’ Lawsuit Got Significantly More Costly
Uber Technologies Inc. drivers seeking to be treated as employees won a ruling that adds tens of thousands of them to the case and may put hundreds of millions of dollars more at stake. A judge's ...
British Insurers Revamp Models After Repeat 100-Year Floods Defy Expectations
British insurers could have to pay out up to 250 million pounds ($375 million) in claims to owners of homes and businesses, industry specialists said on Monday, after the northwest of England ...
Cyber Insurance Underwriting Advances to its ‘Teen’ Years in Terms of Experience
Given the fact that the insurance industry paid out more than $400 million in highly publicized cyber liability insurance claims in 2014 alone, one might think that insurers would be shying away from ...
U.S., Cuba Begin Hashing Out Billions in Claims Against Each Other
Cuban and U.S. officials on Tuesday will begin to untangle one of the most complex obstacles to normalization of relations between the two countries: the claims of Americans whose property was ...
Samsung Relents: Firm Will Pay Apple $548M in Smartphone Patent Dispute
Samsung fought until the bitter end to avoid paying Apple, but the company now says it will finally hand over the more than $548 million it owes for infringing the patents and designs of its biggest ...