Litigation/Liability Trends
Volkswagen Forks Over $9.8B in Diesel Settlements to U.S. Consumers
U.S. buyers of polluting Volkswagen AG vehicles received more than $9.8 billion in settlements, the Federal Trade Commission (FTC) said on Monday . Volkswagen agreed to offer to buy back or repair ...
AIG Investment Advisory Unit Will Resolve SEC Charges With $40M Payment
An investment advisory unit of American International Group has agreed to pay about $40 million for failing to disclose to teachers and other clients conflicts of interest and practices that ...
1000-Plus Twitter Employees Reportedly Had Access to Hack-Worthy Tools
More than a thousand Twitter employees and contractors as of earlier this year had access to internal tools that could change user account settings and hand control to others, two former employees ...
H1 Global Natural Catastrophe Losses Reach Stinging Levels: Munich Re and Aon
Munich Re and Aon both issued reports this week on the economic and insurance costs of global natural catastrophes during the first half, which varied in magnitude by $7 billion. While Munich Re ...
Court Rejects Liberty Mutual Bid to Charge Employer for Claims Paid from Exempt Workers
A workers compensation insurer cannot charge an employer an extra $1.7 million in premiums for the risk presented by employees who were exempt from coverage under Iowa's workers' compensation law, a ...
Swiss Re’s First Half Loss Soars to $1.1B, Driven by COVID-19 Costs
Reinsurance company Swiss Re said on Wednesday that claims and reserves of $2.5 billion related to COVID-19 will lead to a net first half loss of about $1.1 billion. The company, which reported the ...
Bayer Roundup Damages Reduced, but Verdict Appeal Fails
Bayer AG failed to persuade a California appeals court to overturn a verdict favoring a school groundskeeper who claimed its Roundup weed killer caused his cancer but reduced the amount of damages by ...
U.S. Companies Struggle to Address Airborne Coronavirus Risk in Reopening Efforts
U.S. companies are raising new questions about how they can make workplaces safe after the world's top public health agency acknowledged the risk that tiny airborne droplets of the novel coronavirus ...