Litigation/Liability Trends
Terrorism’s Global Property Damage Costs Highest Since 9/11 Attacks
In the wake of Friday's massacre in Paris, a new report says the world is paying the highest price for terrorism since the 2001 attack on New York's Twin Towers. In 2014, acts of terror cost the ...
2015 Atlantic Hurricane Season Below Average But Deadly
The 2015 Atlantic hurricane season may end up being remembered for a subpar number of storms, even though the total still beat early forecasts and more than 50 people died. The season, which also ...
Insurers Could Pay Up to $600M in Brazilian Dam Burst
Insurers covering risks for a Brazilian mine where two dams burst last week, killing at least six people, could pay up to $600 million in claims, a source with direct knowledge of the matter said on ...
Allianz Division PIMCO Fights Back Against Co-Founder Bill Gross’s Lawsuit
Pacific Investment Management Co. fired back at the co-founder who oversaw the firm's ascent for 43 years, saying Bill Gross's lawsuit over his departure looks more like a screenplay than a legal ...
Apple Win: Judge Tosses Suit Over Retail Worker Bag Searches
Apple Inc. persuaded a judge to throw out a lawsuit by employees of the company's retail stores in California seeking back pay for time spent in "demoralizing" security searches when they left work ...
Is Climate Change The Next Tobacco? NY AG Seen Using Martin Act in Exxon Probe
A near century-old statute that gives New York state prosecutors unusually broad authority to prosecute securities fraud could prove a powerful weapon as Attorney General Eric Schneiderman probes ...
Toyota Launches $1B Center Focused on Creating Smart Cars That Don’t Crash
Toyota Motor Corp. is spending $1 billion to form a research institute focused on the artificial intelligence and robotics technology it needs to make cars that can overcome driver errors and reduce ...
Munich Re Takes Big Tianjin Explosion Hit; XL Catlin, Allied World Impacted Less
Munich Re, XL Group and Allied World are among the latest insurers and reinsurers disclosing catastrophe costs stemming from the Tianjin port explosion in China earlier this fall, and the hits range ...