Litigation/Liability Trends
Buffett’s Railway Company Helped Lead Successful Effort to Delay Train Safety Tech
When an Amtrak passenger train derailed in Philadelphia in May, killing eight people and injuring scores more, the railroad industry's campaign to delay a Dec. 31 deadline to install technology to ...
Takata Must Pay Up to a Record $200M Over Defective Air Bags
The Japanese maker of air bags linked to the deaths or injuries of dozens of motorists has agreed to pay a U.S. civil penalty of up to $200 million and have an independent monitor oversee the ...
What is business transformation in insurance? Insurance business transformation is an operating model and technology foundation shift that allows organizations...
US and UK Will Jointly Test Global Financial Firms’ Cyber Security
The US and British governments will hold a joint exercise to test cyber security and information sharing arrangements involving global financial institutions, according to the UK National Computer ...
El Faro Owner Pursues U.S. Maritime Liability Limit on Death Claims
The owner of the U.S. cargo ship El Faro that sank in a powerful hurricane off the Bahamas nearly a month ago has filed for protection in Florida federal court from claims it is liable for the deaths ...
European, Gulf Carriers Reroute Flights Away from Sinai After Russian Jet Crash
Most national carriers in the United Arab Emirates will reroute flights to avoid Egypt's Sinai peninsula until more is known on what caused a Russian-operated jet to crash there on Saturday, killing ...
Injury Claims Become Commodities With Litigation Funding, Claim Aggregation
For all the black robes and ceremony, the American legal system often operates more like a factory assembly line than a citadel of individualized justice. Ninety-five percent of criminal prosecutions ...
China and Germany Agree on Halt to Economic Cyber War
China and Germany agreed to work on stopping economic cyber spying between the two nations amid mounting concern that the thousands of small- and medium-sized companies that form the backbone of ...
PCI Conference Report: Cyber, Property Risks Not So Separate, CTO Says
The property/casualty insurance industry must change its approach to cyber security and update its coverage approach to help minimize risks, FireEye Inc. Chief Technology Officer Grady Summers said. ...