Litigation/Liability Trends
Ex-AIG CEO Greenberg Sees Higher Purpose in Appeal of Federal Court Ruling
Maurice "Hank" Greenberg said that his partial victory in a lawsuit tied to American International Group Inc.'s bailout isn't enough, and that he's seeking financial damages to hold the government ...
Insurers Irked With Supreme Court’s Decision to Back Disparate Impact Claims
The U.S. Supreme Court said people who file housing-discrimination suits don't have to show they were victims of intentional bias, in a blow to lenders and insurers and a surprise legal victory for ...
U.S. Vents in Meetings With China About Cyber Theft Concerns
The United States said on Tuesday that cyber theft sponsored by the Chinese government was a major problem and stressed the need to keep Asian sea lanes open as the world's two biggest economies held ...
Crop Insurance Payments For U.S. Plains Flooding Lower Than in Drought
Farmers are reaping higher yields and ranchers' feed costs have fallen sharply since flooding swept across the southern U.S. Plains in May, with the record rains providing tangible benefits to ...
Canada Hits Railway With New Charges in 2013 Derailment Disaster
The Canadian government has hit Montreal, Maine & Atlantic Railway Ltd. with fresh charges over a 2013 derailment that killed 47 people. The charges were laid Monday against the company and its ...
World Cup Insurers Vulnerable to Claims Over Russia, Qatar Flap
World Cup insurers are likely to refuse to pay out on many cancellation contracts if Russia and Qatar lose the rights to hold the tournaments because of fraud, industry experts said. Russia and Qatar ...
Trader Suing Deutsche Bank Over Massive Individual Banker Bonuses
Bonuses of as much as 84 million euros ($96 million) paid out by Deutsche Bank AG to individual bankers just after the global financial crisis are at the center of a lawsuit filed by a former trader. ...
Ex-AIG CEO Greenberg Won One Lawsuit But Still Faces Another
A decade-old lawsuit in which New York accused former American International Group Inc Chief Executive Maurice "Hank" Greenberg of accounting fraud will head to the state's highest court for a second ...