Litigation/Liability Trends
AXA Won’t Cover Ransomware Extortion Payments Anymore in France
In an apparent industry first, the global insurance company AXA said Thursday it will stop writing cyber insurance policies in France that reimburse customers for extortion payments made to ...
Ransomware Attack Shuts Down Major U.S. Fuel Pipeline
Top U.S. fuel pipeline operator Colonial Pipeline shut its entire network, the source of nearly half of the U.S. East Coast's fuel supply, after a cyber attack on Friday that involved ransomware. The ...
Texas Judge Rules Against Insurer, Refusing to Dismiss Theater Chain’s COVID Lawsuit
A federal judge in Sherman, Texas on Wednesday ruled against an insurer that sought to dismiss a $500 million COVID-19 business-interruption lawsuit by the nation's third-largest chain of movie ...
Texas Governor Backs Exxon Mobil’s Petition to Reverse Climate Change Court Decision
The governor of Texas in an unusual move on Thursday asked the state's Supreme Court to accept an Exxon Mobil Corp petition seeking to reverse a state court decision in a climate change case. ...
Insurer Reviews Options After Egyptian Court Allows Continued Container Ship Detention
An Egyptian court on Tuesday ruled that the container ship which blocked the Suez Canal in March could continue to be held in the waterway, rejecting an appeal by its Japanese owner against its ...
SCOTUS Won’t Revive Wells Fargo Accounts Scandal Suit
The U.S. Supreme Court on Monday rebuffed a bid by current and former employees of Wells Fargo & Co to revive a lawsuit over losses to their retirement plan following a scandal over fake accounts ...
Liberty Mutual and TuSimple to Assess Autonomous Truck Safety
Liberty Mutual Insurance plans to work with TuSimple, a self-driving technology company, to assess if autonomous trucks are safer than human-driven vehicles. Specifically, the companies will compare ...
Swiss Cybersecurity Firm Acronis Nails Down $250M Financing Round
Swiss cyber security firm Acronis said on Tuesday it has received more than $250 million in a financing round led by CVC Capital valuing it at more than $2.5 billion. Founded in Singapore in 2003, ...