Litigation/Liability Trends
A Canceled Olympics Would Slap Insurers With Historic Loss
Insurers are facing a $2-3 billion loss if the Tokyo Olympics are canceled this year, amounting to the largest ever claim in the global event cancellation market, brokers say. With less than six ...
European Researchers See AI as Building Better Weather Data
European scientists who feed critical climate data to industry and researchers said that their next great breakthrough in weather forecasting will be powered by artificial intelligence. The European ...
Shareholders Sue Bayer, Alleging Roundup Lawsuit Secrecy Hurt Share Price
Two law firms are suing Bayer for damages on behalf of shareholders, claiming the German group's management should have warned of the risk of lawsuits over the Roundup weedkiller when Bayer acquired ...
Tyson Foods Will Fork Over $221.5M for Chicken Price-Fixing Claims
Most Global Catastrophe Economic Losses Unaddressed by Insurance
There were 416 natural catastrophe events globally in 2020 that resulted in economic losses of $268 billion – 8% above the average annual losses for this century, according to insurance broker ...
Intel Investigates Hack of Quarterly Earnings Graphic
Intel Corp said on Thursday that it was investigating reports that a graphic in its quarterly earnings statement had been the object of unauthorized access before publication. "Once we became aware ...
Google Antitrust Cases Move Forward With Document Ruling
The federal judge who is hearing both the U.S. Justice Department and state antitrust cases against Google said on Thursday that he wanted the states to begin turning documents over to the search and ...
Ford Ordered to Recall 3 Million Vehicles Over Takata Air Bag Issues
Ford Motor Co. must recall 3 million vehicles with potentially defective driver-side Takata air bags, the U.S. auto safety regulator said on Tuesday, rejecting a bid by the second-largest U.S. ...
UK Supreme Court Rules Businesses Should Be Insured for COVID-19 Claims
Small businesses, from restaurants to nightclubs and wedding planners to beauty parlors, on Friday won the right to insurance payouts after Britain's highest court ruled many policies should cover ...