Litigation/Liability Trends
Insureds Seeking Premium Cuts Must Ask State Regulator First, Judge Rules
A federal judge has ruled that State Farm Fire and Casualty Co. does not have to return premiums to a small business customer because of the insured's reduced business during the pandemic. The judge ...
Ship Insurers Confront Arctic Headaches as Routes Open Up
When Captain Will Whatley guides a ship through Arctic waters, he is starkly aware of what can go wrong. Double the manpower is needed to navigate. Lookout shifts are kept to just one hour, so ...
Amazon Risks Higher Workers Comp Rates Due to Fulfillment Center Injuries
Injuries in Amazon.com Inc. warehouses could damage more than just the company's reputation. They could start to hurt the e-commerce giant's bottom line, as well. Washington state's workplace safety ...
State Judge Favors Policyholders in COVID-19 Closure Lawsuit
A judge in Durham County, North Carolina has handed down what may be the nation's first dispositive ruling in favor of policyholders in a COVID-19 business-interruption lawsuit. Superior Court Judge ...
AIG Settles Dispute With U.S. Involving Foreign Tax Shelters
American International Group Inc. settled a case involving cross-border transactions the government claimed amounted to improper tax shelters. The insurer agreed to pay a 10% penalty and disallow ...
Few COVID-19 Cases Result in Permanent Disability: NCCI
If COVID-19 behaves like other workers' compensation lung and disease claims, about two out of 100 cases may result in some degree of permanent partial disability and one out of 2,000 may result in ...
OxyContin Maker Purdue to Plead Guilty Over Opioid Practices
Purdue Pharma LP agreed to plead guilty to criminal charges over the handling of its addictive prescription opioid OxyContin, in a deal with U.S. prosecutors that effectively sidestepped paying ...
Six Insurers Drop UK Court Appeal Over COVID-19 Payout Ruling on Three Policies
Six insurers have decided not to appeal against a London High Court ruling that they were wrong to reject claims from holders of three business interruption insurance policies who have been pushed to ...