Litigation on a range of environmental, social and governance issues, such as climate change, pollution, diversity and CEO pay, is on the rise, putting pressure on companies to proactively manage ESG risks.
While litigation predictions at the start of the year pointed to a ‘perfect storm’ in the D&O insurance space, another area of insurance disputes has been slowly on the rise, and lawyers say it is not looking likely to stop.
A long-running investigation into a San Diego-area auto insurance fraud ring involving staged collisions and thefts has resulted in charges against 32 defendants and uncovered $822,000 in losses, state officials said Friday.
Firefighters scrambled Friday to control a raging inferno in southeastern Oregon that’s spreading miles a day in windy conditions, one of numerous wildfires across the U.S. West that are straining resources.
‘Social inflation’ refers to rising litigation costs and their impact on insurers’ claim payouts, loss ratios and, ultimately, how much policyholders pay for coverage. <br /><br />The insurance lines most affected are commercial auto, professional liability, product liability, and directors and officers liability. There also is evidence that private-passenger car insurance is beginning to be affected. As increased litigation costs drive up premiums, those increases tend to be passed along to consumers and can stifle investment in innovation that could create jobs and otherwise benefit the economy.
Litigation against insurance companies for failing to pay disability benefits to people who can no longer work after having Covid-19 is on the way, attorneys say, the cases just take time to gain momentum.
Although the focus of most subrogation cases is usually on proving liability, determining the appropriate measure of damages is just as important. Sometimes turning on a nuanced argument for recoverability, an adverse holding can significantly boost or reduce the total damages in a case.
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Kroll recently released its 2021 Anti-Bribery and Corruption Report, surveying hundreds of senior compliance and risk professionals globally on the anti-bribery and corruption (ABC) landscape, and among the most striking findings were that 70% of respondents indicated that environmental, social and governance (ESG) should be included in ABC programs.
General Motors is recalling more than 400,000 pickup trucks in the U.S. because the side airbags can explode without warning and spew parts into the cabin.
A federal judge has blocked the state from enforcing a key part of a new property-insurance law designed to combat fraud that prohibits roofing contractors advertising to potential customers.
A Boca Raton physician has pleaded guilty to four counts of defrauding three insurance companies of more than $17 million, the Palm Beach County State Attorney’s Office announced Monday.
The Bootleg Fire, a fast-moving wildfire in southern Oregon, has burned more than 200,000 acres, making it the largest of dozens of blazes across the United States, officials said Tuesday.
