Litigation/Liability Trends
GEICO Must Pay $2.7M to Settle Claim After Rejecting $30,000 Payout
GEICO Indemnity Co.'s refusal to settle a bodily injury claim for $30,000 will cost it more than $2.7 million, under a ruling Monday by the Georgia Supreme Court. The high court's 7-0 decision ...
NYC Sues Three Major Oil Companies Over Climate Change Claims
New York City on Thursday sued three major oil companies and the top industry trade group in state court, arguing that the companies are misrepresenting themselves by selling fuels as "cleaner" and ...
Insurer Representing Grounded Suez Ship Appeals Detention by Egypt
Unemployment Scam May Be Part of GEICO Data Breach
Auto insurer GEICO recently reported that fraudsters have been stealing license numbers of its customers for the past few months and possibly using them to fraudulently apply for unemployment ...
‘Average’ Hurricane Season More Active Going Forward, and More Risk Alerts
The "average" Atlantic hurricane season will be a little more active going forward. The National Oceanic and Atmospheric Administration (NOAA) has updated its definition of an "average" Atlantic ...
$50B California Court Case Over ‘Deadly Legacy’ of Opioids Begins
Four drugmakers helped cause the deadly U.S. opioid epidemic by deceptively marketing their drugs and downplaying their addictive risks, a lawyer for several California counties argued on Monday at ...
The Hartford Will Pay $650M to Settle Boy Scouts of America Sexual Abuse Claims
The Hartford disclosed it has agreed to pay $650 million to settle sexual abuse claims against the Boy Scouts of America associated with policies mostly issued in the 1970s. According to the insurer, ...
Tech Startups Bringing the Power of Applied Analytics to Potential Plaintiffs
Lee Fogle reached down to save his 12-lb. Yorkshire terrier, Nemo, as a pit bull lunged forward. The attacking dog's jaws clamped onto his left hand, sending him to a clinic for sutures and starting ...
Florida Property Lawsuits Encompass 76% of Insurer Litigation in U.S.: NAIC Data
New information from Florida's insurance regulator paints a stark picture of the extent of litigation facing the state's domestic insurers. The information comes as numerous stakeholders push for ...