Litigation/Liability Trends
Coronavirus Will Cause Limited Losses in China’s P/C Insurance Market: AM Best
Ratings firm AM Best said it expects that China's non-life insurance market will experience limited losses from the ongoing coronavirus outbreak. The analysts based their outlook on factors including ...
Scientists Perplexed by Climate Change Models Running Red Hot
There are dozens of climate models, and for decades they've agreed on what it would take to heat the planet by about 3° Celsius. It's an outcome that would be disastrous—flooded cities, ...
Facebook Will Fork Over $550M in Giant Biometric Privacy Settlement
Facebook Inc. agreed to pay $550 million to resolve claims it collected user biometric data without consent in one of the largest consumer privacy settlements in U.S. history. The accord, which ...
U.S. Refiners, Chemical Plants Cut Insurance Cover After Severe Accidents Boost Costs
U.S. refineries and petrochemical plants are cutting back on insurance because several years of severe accidents have driven up the cost of coverage, industry and insurance sources said. With less ...
European Carriers May Need More Protection for Policyholders if Insolvency Happens: EU
Insurers in Europe may need to put aside money to protect their policyholders should they become insolvent, and regulators should be able to be shut them down swiftly without the need for taxpayer ...
Nationwide Invests in KINETIC, a Tech Startup Focused on Reducing Workplace Injuries
Nationwide said it has invested in KINETIC, a startup that makes a smart wearable device and software platform designed to reduce workplace injuries. The investment comes through Nationwide's venture ...
Bayer Pursues Settlement Talks as Roundup Cancer Trial Postponed
Bayer AG said on Friday it has reached an agreement with plaintiffs' lawyers to postpone a Missouri jury trial over allegations its popular weed killer Roundup causes cancer to provide room for ...
Tech Industry Liability Will Reportedly Be Focus of Upcoming U.S. Justice Dept. Conference
The U.S. Justice Department is planning to hold a conference to discuss the future of a federal law which largely exempts online platforms from legal liability for the material their users post, ...