economic loss News

Study Finds Small Economic Loss Can Reduce Emotional Loss Compensation

If a company sends one of its workers to a crime-ridden neighborhood to repair a leaking roof and the worker is held up by gunpoint, has his wallet stolen and is so terrified that he can’t return to work, how …

Toyota Seeks Final Approval of $1.1B Settlement for Reduced Car Value

Toyota Motor Corp. and lawyers suing the company are set to ask a judge today to approve a $1.1 billion settlement of claims that recalls related to unintended acceleration hurt the value of U.S. customers’ vehicles. U.S. Judge James V. …

Report: June Flooding Causes $5.4B Economic Loss for China

The latest Monthly Cat Recap report, released by Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corporation, revealed heavy flooding in China last month directly impacted at least 37 million people, displacing around 1.6 million residents and …

Toyota Faces 2013 Trial Over Sudden Acceleration

A federal judge has chosen a Utah crash that killed two people as the first bellwether trial in nationwide litigation over whether Toyota Motor Corp made defective vehicles that sped up unexpectedly. U.S. District Judge James Selna chose the case …

Federal Judge Allows Toyota Lawsuits for Economic Losses

Owners of Toyota Motor Corp vehicles that were recalled over unintended acceleration may pursue claims against the automaker that the problem caused the value of their cars to fall, a federal judge ruled Monday. U.S. District Judge James Selna in …