Litigation/Liability Trends
Schools Dogged by Unaddressed COVID-19 Insurance Liability Questions: A.M. Best
Questions about COVID-19-related insurance liability are dogging schools as they begin classes, and answers remain elusive, according to new commentary from A.M. Best. "Uncertainty about the plethora ...
European Insurers Urge Regulators to Avoid Banning Dividends Due to COVID-19
Global regulators should not ban insurers from paying dividends as a result of COVID-19 and should give firms more time to report their capital positions, European insurers said on Monday. The ...
Insurance Plays Key Role in Civil Rights Settlements Against Law Enforcement
Municipalities, their insurers and risk pools should be heeding the current public re-examination of police and prosecutorial actions taking place across the country, according to an insurance ...
Swiss Foundation Settles Cryptocurrency Fundraiser Lawsuit With $25M Payment
A three-year-long U.S. court battle over a cryptocurrency fundraiser, one of the largest initial coin offerings ever, has ended with a Swiss foundation paying $25 million ...
Social Inflation and the Risk of D&O-GL Clash
Social inflation is the primary explanation offered for the need to increase general liability and excess casualty premiums in the last two years. With social inflation, injured parties are more ...
Stories+Words+Machines: A Nerd’s Formula for Building an InsurTech
There probably aren't too many people who think about insurance claims scenarios when they go out to buy ice cream. Chris Cheatham, the CEO of InsurTech Risk Genius, is one of them, according to a ...
Bayer’s $11 Billion U.S. Roundup Settlement Is in Jeopardy
Bayer AG's comprehensive settlement of U.S. lawsuits over its Roundup weed killer is in jeopardy after lawyers for some consumers accused the company of reneging on the $11 billion deal and the judge ...
Tesla Factory Struck by ‘Serious’ Cyber Attack
Elon Musk said on Thursday that Tesla Inc's factory in Nevada was a target of a "serious" cybersecurity attack, confirming a media report that claimed an employee of the company helped the Federal ...