Litigation/Liability Trends
Elon Musk Sued for $258 Billion Over Alleged Dogecoin Pyramid Scheme
Elon Musk was sued for $258 billion on Thursday by a Dogecoin investor who accused him of running a pyramid scheme to support the cryptocurrency. In a complaint filed in federal court in Manhattan, ...Sterling Jewelers Reaches $125M Settlement in Long-Running Sex Bias Case
Sterling Jewelers Inc. agreed to pay $125 million to roughly 68,000 female retail sales workers who sued the company 14 years ago alleging sex bias in pay and promotions, according to a press ...
Insurers, Self-Insureds Now Facing $9B in Black-Lung Liabilities, Milliman Says
The U.S. coal industry may be shrinking rapidly as the country shifts to renewable energy, but insurer and self-insured companies' liabilities for black-lung occupational disease claims have ...
Simone Biles, Other Women Seek $1 Billion-Plus From FBI Over Nassar
Olympic gold medalist Simone Biles and dozens of other women who say they were sexually assaulted by Larry Nassar are seeking more than $1 billion from the FBI for failing to stop the sports doctor ...
Chubb Not Declaring Itself Net Zero, CEO Greenberg Says
In addition to predicting greater geopolitical volatility driven by global food and energy insecurity, Chubb's chief executive warned carriers to brace for greenwashing lawsuits on the ...
Supreme Court Refuses to Hear COVID Business Interruption Case
The U.S. Supreme Court decided Monday that it will not hear an appeal of a decision that denied coverage for losses caused by COVID-19 shutdown orders, effectively closing the last door for such ...
Amazon Accused of Obstructing House Probe of Deadly Tornado
Amazon.com Inc. is obstructing a congressional investigation of a deadly December tornado by failing to provide documents about emergency preparedness and communications with workers during the ...