Litigation/Liability Trends
Swiss Re Takes a Look at Hidden Behavioral Forces Behind Skyrocketing Jury Awards
The exponential growth of liability claims costs and social inflation in the United States is being driven, in part, by changing juror sentiment and shifts in societal norms, according to analysis ...
Insurers Fighting $345M Georgia School Abuse Award, With Policy Wording at Issue
In one of the grimmest, longest-running and most-litigated episodes of alleged child sexual abuse at a private school, the key question in a case now before the Georgia Court of Appeals is whether ...
SEC Hands Victory to IPO Issuers Who Want to Avoid Class-Action Lawsuits
The U.S. securities regulator on Wednesday said it would allow companies seeking to go public to require that investors resolve claims of fraud or other false statements through arbitration rather ...
OpenAI, Altman Sued Over ChatGPT’s Role in Teen’s Suicide
The parents of a teen who died by suicide after ChatGPT coached him on methods of self harm sued OpenAI and CEO Sam Altman on Tuesday, saying the company knowingly put profit above safety when it ...
Kraft, Other Companies Beat Test Lawsuit Over Ultra-Processed Foods
Kraft, Mondelez, Coca-Cola and several other major food companies on Monday succeeded in winning the dismissal of a lawsuit that accused them of designing harmful "ultra-processed" foods addictive to ...
Litigation Funder’s Plan to Invest in Law Firms Called ‘Bad Policy,’ With Big Impacts
With more states adding or considering restrictions on third-party funding of lawsuits, one of the largest litigation finance firms is now planning to invest directly in some law firms. "We are ...
Aon Accused of Contributing to Collapse of Startup Vesttoo
Insurance broker Aon Plc was accused in a civil lawsuit of helping cause the collapse of Vesttoo Ltd., an Israeli insurance startup once valued at $1 billion that went bankrupt after disclosing ...
War of Words
It's not every day that the chairman and CEO of one of the world's largest insurance companies issues open warfare against an entire industry. While no one was surprised that Chubb's Evan Greenberg ...