Litigation/Liability Trends
Facebook’s Zuckerberg, Other Directors Sued Over Pay Plan
Mark Zuckerberg and other members of Facebook Inc.'s board have been sued by a shareholder who claimed a policy letting them annually award directors more than $150 million of stock each if they ...
U.S. Admits it Erroneously Understated Key Keystone XL Pipeline Stats
The U.S. State Department on Friday corrected several errors it made in a key study evaluating the impact of the proposed Keystone XL pipeline, including an understatement of how many people could be ...
Judge Rules Bonus Awards to WTC Cleanup Workers Came Too Soon
A judge acted prematurely in awarding a $55 million bonus payment to thousands of rescue and cleanup workers at the World Trade Center site who settled lawsuits against New YorkCity over damage to ...
As Firms Ratchet Up IT Security, Data Breaches Remain Unstoppable
With hackers stealing tens of millions of customer details in recent months, firms across the globe are ratcheting up IT security and nervously wondering which of them is next. The reality, cyber ...
Mining Underwriting Opportunities With CoMeta
Speaking during a session at the Advisen Casualty Insights conference in March, Robert Reville, the chief executive officer of Praedicat, noted that while all mass litigation, historically, has been ...
P/C Carriers Could Counter Hailstorms With More Reinsurance: RMS
Now that hailstorms are no longer "attritional perils" and are much more widespread than they used to be, property/casualty insurers could benefit from adding reinsurance for these threats, an RMS ...
Fireman’s Fund Could Face Huge Payout For Fast & Furious Costs
The insurer for the latest Fast & Furious film is looking at a huge, and possibly historic, payout, according to an entertainment insurance agent. The Hollywood Reporter trade magazine is ...
Investment Fund Sues DuPont For $1B Over Crop Trait Claims
DuPont Co., the maker of Pioneer genetically modified corn, was sued for $1 billion by an investment fund that claims company directors promoted herbicide-resistant crop traits knowing they didn't ...