Claims / Legal
Attn. Product Recall Insurers: New CEOs More Likely to Issue Recalls
Newly tenured CEOs in the consumer products industry are more likely to announce a product safety recall than CEOs who have been in the position longer, according to a new study of 25 years of ...
Supreme Court Asked to Resolve Federal Drug Law vs. State Medical Marijuana Laws Debate
The U.S. Supreme Court has been asked to address whether federal drug law that criminalizes possession of marijuana invalidates state orders requiring employers and their workers compensation ...
U.S. Drug Distributors, J&J Move to Finalize $26B Opioid Settlement
The three largest U.S. drug distributors and drugmaker Johnson & Johnson have agreed to finalize a proposed $26 billion settlement resolving claims by states and local governments that they ...
Stopping for No Reason: Safety Officials Probing 1.7M Hondas
U.S. auto safety regulators are investigating complaints that the automatic emergency braking systems on more than 1.7 million newer Hondas can stop the vehicles for no reason. The National Highway ...
1 in 10 U.S. Homes Impacted by Nat Cats in 2021: CoreLogic
CoreLogic, a property information, analytics and data-enabled solutions provider, reported last week that 14.5 million single and multifamily homes were impacted by the largest natural catastrophe ...
Tesla ‘Phantom Braking’ Prompts New NHTSA Probe
Auto safety regulators in the U.S. have launched another investigation of Tesla, this time tied to complaints that its cars can stop on roads for no apparent reason. The government says it has 354 ...
Windstorm Coverage Doesn’t Include Flood Damage: 5th Circuit
An insurance policy that lists named windstorms among the covered perils doesn't cover flood damages caused by Hurricane Harvey even though flooding wasn't specifically excluded, a panel of the 5th ...
Court Siding With Merck Over War Exclusion for Cyber Attack a Warning to Insurers
Last month the Superior Court of New Jersey ruled insurers cannot use a policy exclusion to avoid covering about $1.4 billion in damages Merck & Co. said it suffered from a spring 2017 cyber ...