Litigation/Liability Trends
Jury Favors Deloitte in Trial Alleging Faulty Audit Before Insurance Company Collapse
The question loomed for years: Was Deloitte & Touche LLP liable for allegedly faulty audits of Florida's Poe Financial Group, whose three property insurance subsidiaries went insolvent after a ...
BP Can Now Appeal Certain Gulf Spill Damages Claims
A U.S. federal appeals court said on Friday BP Plc deserves the right to appellate review of some damage claims awarded to people and businesses in connection with the 2010 Gulf of Mexico oil spill. ...
U.S., New Orleans Property Owners Discuss Possible Katrina-Related Damages
Attorneys for the U.S. government and some New Orleans area property owners met behind closed doors with a judge Wednesday to discuss possible damages arising from a ruling last week that a federally ...
Ericsson Sues Apple in Europe, Seeking Phone Patent Royalties
Ericsson AB said it sued Apple Inc. in three countries as it ratcheted up a global licensing battle between the companies. The suits in Germany, the U.K. and the Netherlands add to U.S. filings ...
Escalating Cyber Attacks Inflict $6B Annual Cost on U.S. Health System
A rise in cyber attacks against doctors and hospitals is costing the U.S. health-care system $6 billion a year as organized criminals who once targeted retailers and financial firms increasingly go ...
BNSF Train Carrying Crude Oil Derails in North Dakota and Sparks Fire
A BNSF Railway train carrying crude oil derailed in North Dakota, setting several tank cars on fire and prompting the evacuation of nearby residents, U.S. and local authorities said. The Federal ...
ACE Aims For U.S. Middle Market With Expanded Excess Casualty Coverage
ACE Group is aiming for the U.S. middle market with the launch of expanded excess casualty coverage for companies with complex risk exposures. The insurer said its enhanced offerings will come ...
Uber Pulls Out of Kansas Due to Stricter Ridesharing Regulations
Ride-hailing service Uber on Tuesday said it ceased operations in Kansas after the state legislature decided to override Governor Sam Brownback's veto of a bill that will impose stricter regulations ...