Litigation/Liability Trends
Social Inflation or Science: What Is Fueling Climate Litigation?
A rising amount of litigation tied to the environmental and health impacts of greenhouse gas emissions prompted a question from the leader of a liability risk analytics company recently: "Is it about ...
With Help From Insurers, Stanford Ponzi Scheme Recovery Tops $1 Billion
A court-appointed receiver has recouped more than $1 billion for victims of Texas financier Allen Stanford's Ponzi scheme, the largest by dollar amount other than Bernard Madoff's fraud, the ...
Twitter Will Fork Over $810M to Settle Claim Alleging It Embellished Future Prospects
Twitter Inc. agreed to pay $809.5 million to settle a shareholder class action lawsuit that accused the social media company of painting an overly rosy picture of its future. The suit, originally ...
With the Delta Variant, Employees Are Wary About Returning to the Office
The COVID-19 Delta variant has damaged employee confidence in returning to the office. Approximately 42 percent of workers as of Labor Day weekend said they were worried about returning to the office ...
Climate Change Could Force 200 Million People to Abandon Their Homes by 2050
Climate change could push more than 200 million people to leave their homes in the next three decades and create migration hotspots unless urgent action is taken to reduce global emissions and bridge ...
The Hartford Agrees to $787M Settlement for Boy Scouts Sex Abuse Claims
The Hartford announced a new agreement in the Boy Scouts of America (BSA) bankruptcy in which it will pay $787 million for sexual abuse claims under policies mostly issued in the 1970s. The new ...
Allianz Fund Managers Under U.S. DOJ Investigation
The U.S. Department of Justice (DOJ) investigation into German insurer Allianz is looking at possible misconduct by fund managers and misrepresentation of risk to investors, three people with ...
Cognizant Expects Carriers to Foot Bill for $95M Bribery Lawsuit Settlement
Cognizant Technology Solutions Corp. has reached a $95 million settlement to resolve a lawsuit accusing the information technology services company of defrauding shareholders by concealing bribes to ...