Litigation/Liability Trends
Navigators Settles U.S. Probe Over North Korea, Iran Marine Risk Deals
Navigators Group Inc., the insurer that focuses on marine risks, agreed to settle a U.S. probe that it violated sanctions through deals tied to banned nations. Navigators will pay about $272,000 to ...
Severe Floods Could Slam California Region With $24B in Damage: Lloyd’s of London
Severe flooding in an economically vital part of California's could cost more than $24 billion in damage, Lloyd's of London concludes in a new risk analysis of the state. What's more, climate change, ...
New EU Cyber Security Laws Affect Cisco, Google, Amazon and Others
Internet firms such as Cisco , Google and Amazon will be subject to a new EU cyber security law forcing them to adopt tough security measures and possibly report serious breaches to national ...
Uber Drivers Pursuing Employee Status Propose Streamlining Their Suit
Drivers suing Uber Technologies Inc. for better pay and benefits are proposing to pursue their group lawsuit in phases focused first on whether they qualify as employees. If they win that round, then ...
Report: Goldman Sachs Tentatively Agrees to $270M Settlement For Investor Lawsuit
Goldman Sachs Group Inc has tentatively agreed to pay about $270 million to settle a lawsuit by investors, according to a source familiar with the matter. Pension funds led by NECA-IBEW Health & ...
Car Hacking Risks May Go Well Beyond Fiat Chrysler: U.S. Regulator
The cyber security issues that led Fiat Chrysler Automobiles NV to recall 1.4 million vehicles this month could pose a problem for cars and trucks from other automakers, the top U.S. auto safety ...
Cyber Attacks Escalate in Asia, But Secrecy Prevails
Once a month, cyber security lawyer Paul Haswell gets a call from an Asian company with the same question: We've been hacked. Who do we need to tell? More often than not, his answer is "no one." The ...
Japan’s Insurers Pushing For Significant Hike in Quake Insurance Premiums
Japan's insurance companies are pushing for an average 19 percent increase in earthquake premiums as they reassess risk following the unprecedented magnitude 9 quake four years ago. The increase ...