Litigation/Liability Trends
Early Use of Real-Time Data Can Save 25% on Claims: LexisNexis
Carriers that incorporate real time data analytics into the claims process at first notice of loss can more accurately and consistently triage claims, identify potentially fraudulent files and ...
Most Fracking Fluids Neither Toxic nor Harmless; Health Effects Unknown for One-Third
As the oil and gas drilling technique called hydraulic fracturing (or "fracking") proliferates, a new study on the contents of the fluids involved in the process raises concerns about several ...
Bond Insurer Pursues Fraud Claims in Lawsuit Over Detroit Pension Debt
A bond insurance company fired back at Detroit's attempt to invalidate $1.45 billion of pension debt, claiming in a court filing late Wednesday that it was "fraudulently" led to guarantee payments on ...
More U.S. Securities Class Actions Involve High-Frequency Trading
Investors have wasted no time making high-frequency trading, the subject of Michael Lewis' recent best-selling book "Flash Boys: A Wall Street Revolt," a focus of securities class-action litigation, ...
SEC Alleges Kansas Avoided Revealing Pension Bond Liability
The U.S. Securities and Exchange Commission charged Kansas with failing to disclose a "multibillion-dollar" pension liability to bond investors. Documents for eight bond offerings in 2009 and 2010 by ...
Home Depot Targeted In Lawsuit Over Missouri Tornado Deaths
A woman whose husband and two children were among eight people killed while taking cover in a Home Depot during the 2011 Joplin, Mo., tornado contends in a wrongful death lawsuit that the building ...
Security Pros See Insurance Pricing, Product Liability as Cybersecurity Tools
Alarmed by mounting cyber threats around the world and across industries, a growing number of security experts see aggressive government action as the best hope for averting disaster. Even though ...
Target’s Cyber Attack Fallout Cost $148M in Q2; $38M to Insurers
Target Corp., the retailer that chose a new chief executive officer last week, said second-quarter profit trailed its forecast as U.S. sales remained weak and its Canadian operations continued to ...