Litigation/Liability Trends
When One Driverless Car Hits Another, Who’s at Fault?
Imagine a robot car with no one behind the wheel hitting another driverless car. Who's at fault? The answer: No one knows. But plaintiff's lawyers are salivating at the prospects for big paydays from ...
JPMorgan Will Pay $150M to Settle ‘London Whale’ Class Action Suit
JPMorgan Chase & Co has agreed to pay $150 million to resolve a securities fraud lawsuit by investors suing the bank over its "London Whale" trading scandal, which caused a $6.2 billion loss. The ...
Producer compensation programs send clear messages about what a carrier values. Commission rates, incentive structures, bonuses, and performance thresholds direct...
2015’s Most Costly Insured Catastrophe Events: Swiss Re
The explosions at China's Tianjin port in August may have been the most costly insured catastrophe loss event in 2015, according to Swiss Re's estimates. But five other events also carried enormous ...
Construction-Waste Site May Have Triggered Massive China Landslide
A landslide that left at least 91 people missing in southern China may have started from a man-made pile of earth and construction debris, an initial government investigation showed, drawing new ...
Cyber Provisions in China Anti-Terror Law Concern Business Groups
China's controversial anti-terrorism law could be passed as soon as the end of this month, state news agency Xinhua said on Monday, legislation that has drawn concern in Western capitals for its ...
Swiss Re: 2015 Insured Economic Losses Dropped to $32 Billion
Insured losses from natural catastrophes dropped in 2015 compared to 2014. But man-made losses spiked higher, led by China's Port of Tianjin explosions in August, Swiss Re said in its preliminary ...
VW Scandal Fallout: Automaker Creates U.S. Diesel Emissions Claims Program
Volkswagen of America said it is creating an independent claims program for the owners of nearly 600,000 diesel vehicles that emit up to 40 times legally allowable emissions. The German automaker ...
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 ...