Litigation/Liability Trends
BP Wants Appeals Court To Slash Size of 2010 Gulf of Mexico Spill
BP Plc asked a federal appeals court in New Orleans to review a trial judge's ruling that 3.19 million barrels of oil gushed into the Gulf of Mexico from the company's blown-out well in 2010. The ...
Goldman Sachs Risks Federal Lawsuit Over Mortgage-Backed Securities
Goldman Sachs Group Inc said it could face a federal civil lawsuit after a government probe concluded that the bank had violated laws related to sale of residential mortgage-backed securities before ...
After several years in which much of P&C was focused on restoring rate adequacy and profitability, the market is finally...
Large Product Liability Awards Made Comeback in 2014
Huge jury verdicts against companies over fatal flaws in their products made a comeback last year, which may foretell more bad news for carmakers with defective parts. Absent for a decade, ...
Train-Delivered Canadian Crude Oil Shipments Will Need More Insurance
The Canadian government is overhauling its safety rules for crude oil shipments by train, creating a disaster fund and forcing railways to carry more insurance. Oil companies will pay into the fund, ...
Too Many Drinks on a Business Trip Can Heighten Employer Liability
Business workers U.S. are pursuing all kinds of risky behavior when on work-related trips, creating liability and reputational issues for their employers across the board, On Call International ...
Endoscopies at L.A. Hospital Expose Patients to ‘Superbug’
A large Los Angeles teaching hospital has told scores of patients they were possibly exposed to a drug-resistant bacterial "superbug" during endoscopy procedures that infected seven patients and may ...
FEMA Seeks to Resolve Sandy Flood Insurance Claim Lawsuits
The Federal Emergency Management Agency is working on settling litigation with hundreds of Hurricane Sandy victims who challenged denials or alleged underpayments of flood insurance claims. Brad ...
GM Customers Struggle to Propel $10B Suit Over Falling Car Values
Drivers of Chevy Cobalts and Saturn Ions met with skepticism when they tried to restart a $10 billion lawsuit accusing General Motors Co. of exposing them to falling car prices. U.S. Bankruptcy Judge ...