Litigation/Liability Trends
Cyber Rates Could Double Within Two Years as Attacks Soar: S&P
The pandemic caused economic and insured losses from cyber attacks to skyrocket, which has heightened awareness of the risk and increased demand for cyber re/insurance, according to a report ...
Climate Change Returns as a Top Insurance Industry Concern
Climate change has returned to the top of the list of insurers' biggest concerns as the vaccine roll-out and gradual lifting of health restrictions see pandemic fears ease in many countries. Global ...
Three U.S. Drug Distributors Will Pay $75M to Resolve Opioid Claims With Native American Tribe
The three largest U.S. drug distributors will pay more than $75 million to resolve claims they fueled an opioid epidemic in the Cherokee Nation's territory in Oklahoma, marking the first settlement ...
Risk Alerts: Deepfake Satellite Imagery; Baby Cushion Dangers
Artificial intelligence can be used to falsify satellite imagery. Baby cushions from The Boppy Company have been recalled due to safety risks. *** Geographers from the University of Washington are ...
Allianz Reportedly Explores Transferring Block of Swiss Life Insurance Assets as Probe Begins
Allianz SE is in advanced talks to transfer a block of Swiss life insurance assets to Resolution Life, people with knowledge of the matter said, a move that could free up regulatory capital as ...
In a Legal Test Case, U.S. Court Upholds Hospital Employee COVID-19 Vaccine Rule
A federal judge on Friday ruled that a Cincinnati, Ohio-area healthcare provider could require its employees get vaccinated against COVID-19 or risk losing their job, in what appears to be the first ...
China Cracks Down on Cryptocurrencies, Banning All of Them
China's most powerful regulators on Friday intensified a crackdown on cryptocurrencies with a blanket ban on all crypto transactions and mining, hitting bitcoin and other major coins and pressuring ...
Lawsuit Accuses United Airlines of Refusing Employee Exemptions to COVID-19 Vaccine Mandate
United Airlines Inc is facing claims that it unlawfully denied religious and medical exemptions from a requirement that employees receive COVID-19 vaccines after allegedly making it difficult for ...