Litigation/Liability Trends
Nuclear Verdicts: What P/C Carriers Need to Know
To mitigate the explosion of nuclear jury verdicts—which topped billions of dollars last year—insurance companies need to take a stand to meaningfully impact the U.S. tort system. The most ...
Liability Worries May Leave Many U.S. Banks Sitting Out of Small-Biz Pandemic Rescue Plan
Thousands of U.S. banks, including some of the country's largest lenders, have said they may not participate in the federal government's small-business rescue program due to concerns about taking on ...
Workers Who Supply the World’s Meat Clamor for More Coronavirus Protections
A growing number of workers who are crucial to supplying the world with meat are demanding that their companies do more to keep them safe from the coronavirus. Labor unions are starting to speak out ...
COVID-19 Might Spur a Social Inflation Spike: A.M. Best
COVID-19 could produce a big increase in social inflation, A.M. Best said in a newly issued commentary. The reason: expectations that businesses will sue their insurers in an attempt to access their ...
D&O Insurers Face Challenges as Company Bosses Deal With Coronavirus Legal Claims
Insurers are increasingly worried about shareholders, employees or customers bringing coronavirus-related claims against company executives and are considering excluding the virus from policies which ...
User Sues Zoom, Alleging Disclosure of Personal Info
Zoom Video Communications Inc. was sued by a user who claims the popular video-conferencing service is illegally disclosing personal information. The company collects information when users install ...
Insurers Expect Coronavirus Claims Will Strike ‘Event Driven’ D&O Line
What may be the first U.S. securities lawsuits alleging misdeeds related to coronavirus were filed this month — one against a cruise line and another against a pharmaceutical company that claimed ...
Lloyd’s, AIG, AXA Sued by Native American Casino Owner Over Coronavirus Losses
A Native American tribe on Tuesday sued a group of insurance companies, asking a court to declare that losses it is incurring from shutting down its casinos during the coronavirus pandemic are ...