Litigation/Liability Trends
It’s Time to Assess Cyber Insurance Coverage Gaps
As Cybersecurity Awareness Month is underway, it may be time for businesses – especially small- or mid-sized firms – to assess their understanding of current cyber risks and whether they're ...
California Utility Slices Power for 800,000 as Wildfire Risks Rise
Hundreds of thousands of California homes and businesses started to lose electric power early Wednesday as part of an unprecedented effort by Pacific Gas and Electric Co. to prevent wildfires, the ...
Argo Group Slapped With SEC Subpoena Regarding Executive Compensation
Argo Group International Holdings Ltd. has been subpoenaed by U.S. securities regulators about perks for its executives and is conducting an internal review. The U.S. Securities and Exchange ...
Florida Personal Lines Insurer Ordered Into Receivership
Florida personal lines insurer Florida Specialty Insurance Co. (FSIC) has been ordered into receivership and will be liquidated after state regulators determined the company is insolvent and unable ...
Southwest Pilots Sue Boeing Over ‘Rush’ to Sell Unsafe Max Planes
The union for Southwest Airlines Co. pilots sued Boeing Co., saying the manufacturer rushed output of the 737 Max jet to stay competitive, withholding key information about a feature that contributed ...
SCOTUS Rejects Utility’s Bid to Recover 2007 California Wildfire Payouts
The U.S. Supreme Court on Monday declined to hear a bid by Sempra Energy's San Diego Gas & Electric Co to recover $379 million from customers related to damages it was forced to pay out in ...
Verisk Must Pay $125M to EagleView in Patent Infringement Verdict
A New Jersey recently ordered insurance data services firm Verisk to pay $125 million to aerial imaging firm EagleView for lost profits linked to Verisk infringing on various EagleView patents. The ...
More Awareness About Business Interruption Risks Driving Cyber Cover Increases: Zurich Insurance
Businesses are increasingly aware of cyber-related business interruption risks and stepping up to increase their coverage to more adequate levels as a result, according to a new Zurich Insurance ...