Litigation/Liability Trends
The U.S. Senate Approves House TRIA Bill; Obama’s Signature Widely Expected
The U.S. Senate voted overwhelmingly to reauthorize the federal terrorism reinsurance program that had been allowed to lapse on Dec. 31, a day after the House took similar action. President Barack ...
Ukraine Blames Russia For Hacker Attack Against German Government
Ukraine's prime minister blamed Russian intelligence on Thursday for a hacker attack against German government websites, for which a pro-Russian group claimed responsibility. The attack on Wednesday ...
Insurers Hope to Identify AirAsia Crash Beneficiaries by Month’s End
Insurers have begun processing claims in the crash of an IndonesiaAirAsia aircraft last month and hope to identify the beneficiaries by the end of January, an official from Indonesia's financial ...
Bank of America’s Countrywide Mortgage Bonds Trigger Ambac Lawsuit
Ambac Assurance Corp sued Bank of America Corp to recoup hundreds of millions of dollars of losses from insuring roughly $1.68 billion of securities backed at least in part by risky mortgages from ...
Apple Storage Space Shortage in iOS 8 Spurs Customer Lawsuit
Apple Inc. misleads consumers about the amount of storage space used by its iOS 8 operating system in iPhones, iPods and iPads, two users claimed in a suit targeting the software, adding a new ...
First Bodies and Debris Discovered in AirAsia Indonesia Crash
Indonesian search crews recovered debris and bodies floating in the sea from the AirAsia Bhd. airliner that went missing three days ago with 162 people on board, as investigators seek to determine ...
North Korea May Have Had Outside Help in Sony Pictures Hacking
U.S. investigators believe that North Korea likely hired hackers from outside the country to help with last month's massive cyber attack against Sony Pictures, an official close to the investigation ...
U.S. Regulator Seeking New Accounts of Guardrail Accidents
A U.S. highway regulator opened an Internet portal this week allowing the public to report accidents tied to a Trinity Industries Inc. guardrail system, which has been linked by lawsuits to at least ...