Litigation/Liability Trends
Flavored Vape Products Dispute Goes Before U.S. Supreme Court
A dispute over the U.S. Food and Drug Administration's refusal to let two e-cigarette companies sell flavored vape products due to their health risk to youths goes before the ...
U.S. High Court Declines Appeal, Upholds Coverage Ruling on Treated Wood
Insurance carriers may want to examine policy language — and what information they request from insureds — after the U.S. Supreme Court let stand a lower court's ruling which could force Argo ...
McKinsey to Pay at Least $500 Million in DOJ Opioid Probe
McKinsey & Co. is nearing a deal with U.S. prosecutors to pay at least $500 million to settle federal probes into its past work helping opioid makers boost sales, according to people familiar ...
Hospitals Seen as Potential Growth Area for Litigation Financing
The litigation-financing industry could see new demand from an increase in health care lawsuits, according to Christopher Bogart, chief executive officer of litigation funder Burford Capital Ltd. ...
Dellwood Insurance Says AIG’s ‘Ginned-Up Claims’ Must Be Dismissed
The legal squabble between American International Group (AIG) and a startup formed by some former employees continued this week with another filing from Dellwood Insurance Group in support of its ...
U.S. Nuclear Verdicts Break Records and Drive Social Inflation to 7% in 2023: Report
Nuclear verdicts in the United States are breaking records with 27 court cases each awarding compensation of more than $100 million during 2023, according to a compilation published this year. Swiss ...
RAND Study Eyes Impact of Legal System Abuse and Social Inflation
A study from RAND found that rising litigation rates, trial awards and claim severity are consistent with the expected effects of social inflation. The study, What Is the Evidence for Social ...
Construction Defects Are Not Covered Property Damage in Commercial Liability Policy
A home builder is not covered under the property damage coverage in its commercial liability policy for construction defects for which it was responsible. A three-judge panel of the Massachusetts ...
$4B Settlement Reached for Maui Wildfires
The parties in lawsuits seeking damages for last year's Maui wildfires have reached a $4 billion global settlement, a court filing said Friday, nearly one year after the ...