Litigation/Liability Trends
Hidden Cyber Risk for U.S. Property Insurance Could Trigger $12.5B in Losses
Hidden cyber risk in the U.S. property insurance market could trigger $12.5 billion in losses, according to a new industry report. What's more, this 1-in-100-year loss could harm AM Best's Capital ...
China Triggers Another Anti-Graft Effort for Finance Sector
China's ruling Community Party turned its sights on the country's vast financial sector this month, kicking off a new round of a years-long campaign to uncover corruption and illegal dealings. The ...
TSA Wants Major Rail, Air Companies to Report Hacks and Hire Cyber Chiefs
The Transportation Security Administration will introduce regulations that compel the most important U.S. railroad and airport operators to improve their cybersecurity procedures, Homeland Security ...
Why Tesla Could Face Tough Road If It Tries to Slash $137M Racial Bias Verdict
Tesla Inc. will likely seek to slash a $137 million jury award for a Black worker who accused the automaker of racial discrimination but could have difficulty reducing the verdict amid claims that ...
Shareholder Suits Over Willis/Towers Watson Merger May Cost Insurers $80M
Seven insurers that shared the risk for directors and officers policies sold to Towers Watson may have to pay up to $80 million for settlements with shareholders who cried foul after learning that ...
6th Circuit Reverses Finding That COVID Orders Caused Direct Physical Loss
A federal appellate court reversed a rare policyholder win in a COVID-19-related business interruption claim, once again holding that government orders that restrict the use of a property do not ...
Cyber Attack Crippled Hospital, Led to Baby’s Death, Lawsuit Claims
Cyber attacks may affect more than organizations' pocketbooks. They also can hinder a hospital's care during a crucial moment, a lawsuit filed in Mobile, Ala., claims. The mother of a child who was ...
SPAC Deal Generates Millions for Suits Against P/C Insurers That Stiffed Medicare
Wall Street's latest blank-check company promises to be a litigation finance nightmare for property/casualty insurers writing lines such as auto insurance and workers compensation.. MSP Recovery, a ...