Litigation/Liability Trends
J&J’s Opioid Payout in Oklahoma Reduced to $465 Million
An Oklahoma judge on Friday said Johnson & Johnson must pay that state $465 million for fueling the opioid epidemic through the deceptive marketing of painkillers, down from his original award of ...
European Central Bank May Include Climate Change Risks in Future Bank Stress Tests
The European Central Bank is considering including climate-change risks in future European banking stress tests, ECB Vice President Luis De Guindos said on Thursday. Speaking at a BNP Paribas banking ...
Former MetLife Exec Sues, Alleging Gender Pay Discrimination and Harassment
A former MetLife Inc. executive claims she suffered years of gender-based pay discrimination and harassment from members of the insurer's top leadership team and that she was fired after complaining ...
Sexual-Harassment Whistle-Blower Sues Lloyd’s Insurer Tokio Marine Kiln
A senior lawyer who blew the whistle on alleged sexual harassment and bullying at a top Lloyd's of London insurance company is suing his employer for what he called a campaign of harassment, racial ...
California Utility Offers $13.5B in Compensation for Wildfire Victims; Shares Surge
Bankrupt utility giant PG&E Corp. is trying to offer $13.5 billion in compensation to the victims of wildfires sparked by its power lines as part of a restructuring plan, according to people with ...
Typhoon Hagibis Could Be One of 2019’s Costliest Catastrophe Events: Aon
Typhoon Hagibis is likely to become one of 2019's costliest events, with economic costs of more than $10 billion and insured losses minimally in the billions, according to Aon's monthly catastrophe ...
Former AIG Executive Wins Legal Bid for $9 Million Crisis-Era Bonus
A former American International Group Inc. senior trader won his bid for 8.3 million euros ($9.2 million) in bonuses in a dispute at France's highest court that dates back to the financial crisis a ...
California Utility on the Hotseat Over Cable That Failed Before Massive Wildfire
A federal judge overseeing the probation of utility giant PG&E Corp. is demanding information on a power line that failed minutes before a massive wildfire broke out last month in Northern ...