Litigation/Liability Trends
NY Court Revives Assured Guaranty’s Damage Claims Against Credit Suisse
A New York appeals court on Thursday revived Assured Guaranty Corp.'s claims for certain damages in its lawsuit against Credit Suisse Group AG over allegedly defective loans underlying ...
Zynga Shareholder Suit Dismissed
Zynga Inc. has won the dismissal of a lawsuit in which shareholders accused the online gaming company of fraudulently misleading them about its financial and business prospects before and after its ...
Supreme Court Allows Consumer Class Actions to Move Forward in Whirlpool, Sears Case
The U.S. Supreme Court gave consumers a victory on Monday by allowing them to proceed with class-action lawsuits alleging that millions of front-loading washing machines they bought suffered from ...
Supreme Court Divided on EPA Climate Case
The Supreme Court appeared divided on Monday over the sole Obama administration program already in place to limit power plant and factory emissions of gases blamed for global warming. The justices ...
Obamacare Could Lead to Medical Cost-Sharing, Other Effects on P/C: IRC
The property/casualty insurance industry is likely to face cost shifting by hospitals, physicians and other medical providers due to the Patient Protection and Affordable Care Act (ACA), according to ...
U.S. AG Says National Standard Needed for Breach Notices
U.S. Attorney General Eric Holder, citing the recent massive data theft at retailer Target Corp, urged Congress on Monday to enact a national standard for notifying consumers about such breaches. ...
Insurers Welcome New York Court’s Reversal in K2 Breach Liability Case
Insurance trade groups are welcoming the New York Court of Appeals' reversal of its June 11, 2013, decision on K2 Investment Group, LLC v. American Guarantee & Liability Insurance Co., a case ...
HVAC Contractor at Center of Target Breach
The Target Corp hackers managed to break into its payments network by first breaching a "data connection" between the U.S. retailer and its heating and ventilation systems contractor, a ...