Industry News
Why Tesla Could Face Tough Road If It Tries to Slash $137M Racial Bias Verdict
Tesla Inc. will likely seek to slash a $137 million jury award for a Black worker who accused the automaker of racial discrimination but could have difficulty reducing the verdict amid claims that ...
Shareholder Suits Over Willis/Towers Watson Merger May Cost Insurers $80M
Seven insurers that shared the risk for directors and officers policies sold to Towers Watson may have to pay up to $80 million for settlements with shareholders who cried foul after learning that ...
Employees May Not Be Working Inside Office Buildings, But Cyber Criminals Are
The normal bustle inside of many office buildings has come to a halt during the pandemic switch to remote work, but these empty buildings could be inviting a different kind of activity: cyber crime. ...
6th Circuit Reverses Finding That COVID Orders Caused Direct Physical Loss
A federal appellate court reversed a rare policyholder win in a COVID-19-related business interruption claim, once again holding that government orders that restrict the use of a property do not ...
Passing The Baton: CEOs Fox at TigerRisk and Kalin at Pinnacol
Earlier this week, global insurance and reinsurance broker TigerRisk announced that Co-Founder Rod Fox is transitioning out of his role as chief executive officer to become executive chair. ...
Cyber Attack Crippled Hospital, Led to Baby’s Death, Lawsuit Claims
Cyber attacks may affect more than organizations' pocketbooks. They also can hinder a hospital's care during a crucial moment, a lawsuit filed in Mobile, Ala., claims. The mother of a child who was ...
Lloyd’s Must Confront Past Steeped in Slavery
British ships ferried over 3 million enslaved African people across the Atlantic Ocean. Lloyd's of London insured many of those vessels, the people chained below deck sometimes categorized as ...
SPAC Deal Generates Millions for Suits Against P/C Insurers That Stiffed Medicare
Wall Street's latest blank-check company promises to be a litigation finance nightmare for property/casualty insurers writing lines such as auto insurance and workers compensation.. MSP Recovery, a ...