Litigation/Liability Trends
Victims of Las Vegas Mass Shooting Win $800M Settlement
A court last week approved a settlement totaling $800 million from casino company MGM Resorts International and its insurers to more than 4,400 relatives and victims of the Las Vegas Strip shooting ...
Delta Gears Up as Year’s 25th Named Storm
Energy companies on Monday began evacuating offshore oil platforms as the 25th named storm of the year formed in the Caribbean and was forecast to move into the Gulf of Mexico and threaten the Gulf ...
Pandemics Now Trump Climate Change as Top Insurance Industry Worry
Pandemics became the top concern for insurance professionals this year as the COVID-19 crisis roils the industry worldwide. Infectious diseases and pandemics were ranked as the most significant risks ...
Insurers Win Bid to Prevent Consolidation of COVID-Related Business Interruption Lawsuits
A panel of federal judges has decided against consolidation of hundreds of lawsuits seeking coverage for coronavirus-related business interruption claims against major national insurers Travelers, ...
COVID-Sniffing Robots Under Development, With Eye on Super-Fast Detection
A biotechnology startup called Koniku is trying to develop robots that could sniff out Covid-19 infections faster than conventional testing. The technology fuses neurons with a silicon chip to create ...
SCOTUS Will Consider Energy Companies’ Appeal of Baltimore Climate Change Suit
The U.S. Supreme Court on Friday agreed to hear an appeal by energy companies including BP PLC, Chevron Corp, Exxon Mobil Corp and Royal Dutch Shell PLC contesting a lawsuit by the city of Baltimore ...
Insurers Are Often Succeeding in Getting COVID-19 Business Interruption Suits Dismissed
Insurers have succeeded in dismissing COVID-19 business interruption lawsuits in 17 out of 23 cases heard so far, with a growing number of judges finding that some tangible alteration of a property ...
UK Supreme Court Appeal Over COVID-19 Case Now Likely
Britain's markets regulator said on Wednesday it had failed to strike a deal with major insurers over prompt payouts to small businesses battered by the coronavirus pandemic, dashing hopes that a ...