Litigation/Liability Trends
Supreme Court Considering Nature of Investor Class Actions in Goldman Sachs Securities Case
U.S. Supreme Court justices on Monday struggled in a case involving Goldman Sachs Group Inc. over how judges should determine when shareholders can collectively sue publicly traded companies for ...
Massive Losses Likely for Reinsurers After Suez Canal Blockage: Fitch Ratings
The blocking of the Suez Canal by one of the world's largest container ships is likely to result in losses worth hundreds of millions of euros for the reinsurance industry, Fitch Ratings said, even ...
Securities Class Action Settlements Held Steady in 2020 Despite Pandemic
Securities class action settlements for 2020 generally kept pace with recent years despite the pandemic, according to a recent report from Cornerstone Research. The report, "Securities Class Action ...
CNA Struck by ‘Sophisticated Cybersecurity Attack’
CNA is investigating a "sophisticated cybersecurity attack" the commercial lines insurer said disrupted its network and impacted corporate email and other systems. The commercial insurer said it ...
Risk Alerts: Toxic Baby Food and Endless Summers
Several popular baby food manufacturers are under fire for selling products containing toxic heavy metals. Climate change could be impacting seasonal lengths—leading to crop loss and environmental ...
SCOTUS Spurns Facebook’s Appeal in User Tracking Lawsuit
The U.S. Supreme Court on Monday turned away Facebook Inc's bid to pare back a $15 billion class action lawsuit accusing the company of illegally tracking the activities of internet users even when ...
Global Warming Could Slash the Credit Ratings of 63 Countries: Study
A new algorithm-based study by a group of UK universities has predicted that 63 countries – roughly half the number rated by the likes of S&P Global, Moody's and Fitch - could see their credit ...
Citizens’ CEO: Florida Market Is in Dire Straits
Florida's insurer of last resort, Citizens Property Insurance Corp., has become the insurer of first resort as thousands of new policies flood into it each week and the private homeowners insurance ...