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Most Emailed Specialty Risks News

Unsealed lawsuits tell of alleged fraud by asbestos law firms

Published January 21, 2015 CST

(Reuters) — U.S. personal injury lawyers allegedly concealed evidence and induced clients to commit perjury to drive up asbestos-related settlements and garner bigger fees, according to recently unsealed lawsuits.

Falling oil prices place new emphasis on risk management in energy sector

Published January 18, 2015 CST

The ongoing drop in oil prices is putting new emphasis on risk management in the energy sector as insurers brace for potential market changes.

McDonald's faces civil rights lawsuit from former workers in Virginia

Published January 22, 2015 CST

(Reuters) — Former McDonald's workers in Virginia filed a civil rights lawsuit Thursday against the fast-food chain and owner of restaurants where they worked in the latest bid to hold it legally responsible for the actions of its franchisees.

Target tries to pin breach costs on credit card issuers in latest legal move

Published January 16, 2015 CST

Credit card issuers themselves are responsible for any losses they sustained as a result of the Target Corp. breach, says the retailer, in a court filing Thursday in response to litigation filed by the financial institutions.

PERSPECTIVES: Risk managers should step up as SEC targets cyber security

Published January 18, 2015 CST

The U.S. Securities and Exchange Commission has sharpened its focus on cyber security preparedness, says Daniel Garrie, co-head of the cyber security practice at Zeichner, Ellman & Krause L.L.P. law firm in New York. Risk managers now have the opportunity to help guide their organizations as they seek to address the vast legal liabilities that are arising from cyber risks.

Marsh, Hiscox executives to join Swiss Re cyber team

Published January 22, 2015 CST

Swiss Re Corporate Solutions on Thursday said it has named former Marsh L.L.C. and Hiscox Ltd. executives to its cyber and technology team.

Wal-Mart settles with family of comedian killed in Tracy Morgan crash

Published January 23, 2015 CST

Wal-Mart Stores Inc. has reached a settlement with the family of the comedian killed in the crash that seriously injured comedian Tracy Morgan, the retailer said.

Sony hack serves as wake-up call, boosts interest in cyber security protocol

Published January 18, 2015 CST

The cyber attack on Sony Corp. has been a wake-up call for many senior managers nationwide who were not already motivated by earlier hacking events.

HIIG acquires Elite Underwriting Services

Published January 16, 2015 CST

Houston International Insurance Group Ltd. has acquired Malvern, Pennsylvania-based Elite Underwriting Services.

Mining company settles derivative litigation for $137.5 million

Published January 16, 2015 CST

A mining company has reached a $137.5 million settlement of derivative litigation stemming from its 2013 acquisition of two firms in which some company directors and officers had been charged with conflict of interest.

XL offers excess professional liability follow-form policy in U.S., Canada

Published January 21, 2015 CST

XL Group P.L.C. has launched an excess professional liability follow-form policy in the United States and Canada.

Home Depot lawsuits put on separate consumer, financial institution tracks

Published January 20, 2015 CST

The federal judge overseeing litigation in connection with The Home Depot Inc. data breach has set up separate consumer and financial institution litigation tracks.