Litigation/Liability Trends
Angry Parent Files $500B Lawsuit Over U.S. College Admissions Scandal
The U.S. college admissions scandal that erupted this week has triggered private litigation accusing rich, well-connected parents of buying spots for their children at prestigious schools, and ...
Crash Concerns Leave Airlines Rethinking $55B in Boeing Orders
The Boeing Co. 737 Max crash in Ethiopia looks increasingly likely to hit the planemaker's order book as mounting safety concerns prompt airlines to reconsider purchases worth about $55 billion. ...
Wells Fargo CEO Insists Scandals, Risk Management Woes in Past; Regulator Disagrees
Democratic and Republican lawmakers on Tuesday pressed Wells Fargo & Co Chief Executive Tim Sloan for proof the bank has put a string of consumer abuse scandals behind it at a tense congressional ...
Insurers Get Apology From Attorney Responsible for Giant Workers Comp Fraud
Sean Enrique O'Keefe said he started out as a "humanistic attorney," but he became a mercenary and then a criminal who netted $700,000 a year by sending San Diego workers compensation claimants to ...
Boeing Shareholders Endure Stock Market Plunge as More Countries Ground 737 MAX 8 Planes
Boeing Co's fall in stock market value this week soared past $20 billion on Tuesday as more countries including the United Kingdom grounded the plane maker's 737 MAX 8 aircraft following Sunday's ...
Insurance Rates Could Climb in Flood-Prone Areas Under Trump Administration Plan
Flood insurance premiums could rise and property values fall in the most deluge-prone areas under a plan the Trump administration intends to roll out in coming weeks to change the way risk is ...
Global Aerospace, Chubb Face Liability Exposure After Ethiopian Airlines Crash
Britain's Global Aerospace is the lead insurer for the world's biggest plane maker Boeing Co, the insurer's top boss said on Monday. "I can confirm that Global Aerospace leads Boeing, and also Lion ...
Argo Group Shareholder Angry Over ‘Wasteful Culture’ Releases Names of Board Nominees
Argo Group shareholder Voce Capital Management is upping its pressure against the company, accusing it of failing to address any recent concerns raised about the alleged corporate excesses under CEO ...