Litigation/Liability Trends
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 ...
Citing Success, Farmers Pulls Climate Change Lawsuit
Farmers Insurance Group, which filed nine class actions in May against nearly 200 communities in the Chicago area, is withdrawing its lawsuit. The suit accused the Illinois municipalities of failing ...
Some See Volcanoes As Safety Threat to Japan Nuclear Plants
In the three years since the Fukushima disaster, Japan's utilities have pledged $15 billion to harden their nuclear plants against earthquakes, tsunamis, tornadoes and terrorist attacks. But as ...
S&P Ratings Lawsuits Allowed to Proceed in State Courts
Standard & Poor's suffered a defeat on Tuesday in litigation accusing it of issuing misleading credit ratings prior to the 2008 financial crisis, as a federal judge ruled that lawsuits by 16 U.S. ...
U.S. Officials Warn Transporting Crude Oil By Rail May Still Be Unsafe
Oil industry studies concluding that Bakken crude oil is safe to move by rail under existing standards may underestimate the dangers of the fuel and should not be the last word, U.S. lawmakers and ...
European Patent Changes Could Bring More Lawsuits Overseas
A new system for filing and enforcing patents in Europe, which is expected to be implemented in 2016, may bring more intellectual property cases to the region rather than the U.S. or Asia, a law firm ...