Litigation/Liability Trends
Full Disclosure: Climate Change May Prove Risky For Insurers
Insurance companies are in a tricky position when it comes to the issue of climate change. On the one hand, virtually all of them insure policyholders facing the risk of a climate change liability ...
BP Loses Bid to Halt Oil Spill Claim Payments
A federal judge denied an attempt by BP Plc to suspend payments to people and businesses claiming damages related to the 2010 Gulf of Mexico oil spill, while an investigator looks into possible ...
Electronic Aggression: Uncovering Expensive Coverage Gaps
It used to be bullies were restricted to the playground—but not anymore. Cyberbullying is at epidemic levels. Facebook, YouTube and other social media have become platforms for bullying, and ...
World Trade Center Developer Denied Right to Pursue $3.5B From Airlines
Real estate developer Larry Silverstein was denied the right to seek $3.5 billion from airlines whose planes were hijacked by terrorists and flown into the World Trade Center's twin towers on Sept. ...
Paint Makers’ $900M Lead Paint Trial Underway in California
BP Plc's Atlantic Richfield Co. is among five companies fighting a public nuisance lawsuit in state court seeking $900 million to replace or contain lead paint in millions of California homes. In a ...
Are Insurers Finally Ready To Embrace Intellectual Property Insurance?
The small yet complicated niche of patent and intellectual property insurance has seen more interest lately as patent claims rise and companies look to protect their ideas or company trade secrets ...
Greenberg Presses for Bernanke Testimony in Lawsuit Over AIG Bailout
U.S. Federal Reserve Chairman Ben Bernanke should be required to testify in Maurice "Hank" Greenberg's lawsuit over the bailout of American International Group Inc., Greenberg's lawyers said. ...
Court Says Insurers Can Probe Whether Rogue MF Global Trader Was Employee
An American International Group Inc. unit and other insurers can probe whether a "rogue trader" was an employee of MF Global Holdings Inc. as part of a lawsuit over liabilities for losses tied to the ...