Although insurers can help to stop the growth of social inflation, they can’t lead the effort, an industry executive said during an insurance conference this week. Evan Greenberg, chair and chief executive officer of Chubb Limited, explained that social attitudes …
GARDEN GROVE, California — Courts have reopened and trials have resumed, but the impacts of COVID-19 continue to linger in the judicial system, a panel of claims litigation experts said during the Combined Claims Conference on Thursday. For one thing, …
Swiss Re said in a report released Thursday that litigation funding has become a $17 billion industry globally, with 52% of that money being spent in the United States. The reinsurer said third-party litigation funding (TPLF) is increasing the number …
CHESTERFIELD, S.C. (AP) — A South Carolina lawyer involved in a half-dozen state police investigations has been cagey about his assets and should have to hand over control of his money to independent representatives so that he does not engage …
The frequency of hospital professional liability claims is holding steady, but the cost of those claims is expected to increase by 3% next year, according to an actuarial analysis by Aon and the American Society of Health Care Risk Management. …
Bayer AG has reached verbal agreements to resolve a substantial portion of an estimated 125,000 U.S. cancer lawsuits over use of its Roundup weedkiller, according to people familiar with the negotiations. The deals, which have yet to be signed and …
Bayer AG agreed to pay $39.5 million to settle allegations that its Monsanto unit ran misleading ads about the controversial Roundup weedkiller and its potential health risks to humans and animals. As part of the deal, language will be removed …
The Alabama Legislature has taken another step toward erasing the state’s one-time reputation for juries returning big cash lawsuit verdicts. The Alabama House gave final approval Thursday to three bills aimed at curtailing what some consider lawsuit abuse. The state …