Litigation/Liability Trends
The Biden Administration Wants Corporate America’s Help Tracking Down Cyber Criminals
U.S. Deputy Attorney General Lisa Monaco has a message for corporate America: The U.S. Justice Department needs its help in order to take down cyber criminals. "We cannot do this alone," Monaco said ...
Florida Insurers Are Swimming in a Sea of Red Ink: Citizens CEO Gilway
It's not just a few Florida property insurance companies that are running into financial trouble. Almost every carrier is losing money in 2021 and the future does not look any better, the CEO of ...
3M Will Resolve ‘Forever Chemicals’ Lawsuits With $98.4 Million Payout
Industrial conglomerate 3M Co on Tuesday said it had agreed to pay about $98.4 million to settle claims that it contaminated the Tennessee River with toxic chemicals. 3M agreed to resolve a lawsuit ...
Amazon Appeals Record $865M Penalty for Alleged Violation of EU Data Protection Rules
Amazon.com Inc. appealed a record 746 million-euro ($865 million) penalty for allegedly violating the European Union's tough data-protection rules. The appeal was filed at the Luxembourg ...
New York AG Orders Two Cryptocurrency Lending Platforms to Cease Activity
Two cryptocurrency lending platforms were asked to cease activities in New York by the state's attorney general on Monday and three other platforms were directed to provide information about their ...
Kemper Proposes Nearly $18M Settlement in Class Action Involving Two Data Breaches
Kemper Insurance has proposed to settle a class action stemming from two data breaches in a deal valued at about $17.6 million. The dual breaches could have compromised the personal information of an ...
China’s Evergrande Property Crisis Creates Minimal Exposure for U.S. Insurers
The U.S. insurance industry faces only minimal exposure to land development companies in China as one of that country's largest property developers, Evergrande, appears on the brink of collapse. ...
Ransomware Attack Strikes U.S. TV Station Operator Sinclair
U.S. TV station operator Sinclair Broadcast Group said on Monday it had found some of its servers and workstations had been encrypted with ransomware, disrupting office networks. Sinclair said it was ...