Litigation/Liability Trends
Former Oppenheimer Exec Sentenced to Prison in Insurer-Sale Fraud
A former Oppenheimer & Co. Inc. executive was sentenced to almost two years in prison for his role in a fraud that prosecutors say led to the collapse of an Oklahoma insurance company. Allen ...
Swiss Re: Food Contamination Liability Costs are Surging
Liability costs involving food contamination are soaring, and a globalized supply chain has made risk management much more challenging, Swiss Re found in a new report. Among the findings: the number ...
Why Pacific Typhoons and Other Tropical Storms Are Surging
The Pacific Ocean, named for placidity, is roaring. In the past week, eight tropical systems -- and that includes two major typhoons -- have formed across the Pacific from China to Mexico. On top of ...
Warren Buffett Could Gain From Efforts to Weaken New Train Safety Rule
Billionaire investor Warren Buffett is set to be a chief beneficiary of a bid by Senate Republicans to weaken new regulations to improve train safety in the $2.8 billion crude-by-rail industry, a key ...
Amtrak to Concede Liability For Most Damages in Philly Crash Cases
Amtrak said it will concede that it's liable for most damages caused by the May 12 train derailment in Philadelphia that killed eight passengers and injured dozens. The railroad acknowledged Friday ...
Uber Pushes Back Against California Driver Lawsuit
A lawsuit filed by drivers against ride service Uber should not proceed as a class action, the company argued in a court filing on Thursday, citing written statements of support from hundreds of ...
Insurance Claims Specialist Wins $230K in Robocall Complaint
Many people dislike receiving robocalls. Araceli King disliked receiving 153 of them from a single company. Time Warner Cable Inc. must pay the insurance claims specialist $229,500 for placing 153 ...
Texas Court Approves $84.4M Settlement in 2002 Farmers Insurance Case
A Travis County, Texas district court has granted preliminary approval of a settlement with Farmers Insurance Group that will return $84.4 million to policyholders stemming from a 2002 homeowners ...