Report: U.S. Medical Professional Liability Insurance Underwriting Loss Widens June 11, 2024 Underwriting losses for U.S. medical professional liability insurance rose significantly in 2023, underscoring the increased loss-cost volatility tied to litigation...
Catastrophe Bond Sales Soar as Markets Brace for Unusually Active Hurricane Season June 11, 2024 By Gautam Naik Issuance of catastrophe bonds just hit a record high, as the market braces for a rough hurricane season with the...
Liability Reinsurance Crisis Could Be Looming, TransRe CEO Says June 11, 2024 By Susanne Sclafane “There could be a liability crisis in reinsurance in a couple of years,” a reinsurance executive predicted this week. Ken...
Supreme Court Seeks U.S. Government Views on Honolulu Climate Suit Against Oil Companies June 10, 2024 By John Kruzel The U.S. Supreme Court on Monday asked President Joe Biden’s administration to offer its views on a bid by Sunoco...
Top Law Firms in U.S. Opioid Lawsuits to Get Hundreds of Millions in Fees June 10, 2024 By Brendan Pierson A court-appointed panel on Friday recommended how to divvy up a pool of $2.13 billion in legal fees from nationwide...
Meta Gets Supreme Court Review on Investor Data-Harvesting Suit June 10, 2024 By Greg Stohr The US Supreme Court agreed to consider killing a multibillion-dollar shareholder lawsuit that accuses Meta Platforms Inc. of misleading investors...
Kia Recalls 463K Telluride SUVs Due to Fire Risk June 10, 2024 By Wyatte Grantham-Philips Kia America is recalling nearly 463,000 Telluride SUVs — and urging owners to park their cars outside and away from...
U.S. Chamber Research Shows Nuclear Verdicts Growing in Size and Frequency June 10, 2024 Massive jury awards of $10 million or more continue to increase in size and frequency, according to a study by...
ShakeAlert Adding Satellite Capabilities for Earthquake Warnings June 10, 2024 The U.S. Geological Survey and its partners have come out with a new capability designed to characterize large earthquakes quickly...
All the Major Legal Battles Elon Musk and His Companies Are Facing June 10, 2024 By Rachel Graf Elon Musk and his companies are embroiled in dozens of lawsuits, ranging from fatal crashes blamed on Tesla Inc.’s Autopilot...