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  Top 10 for the Past Week

 
 
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1

7th Circuit Affirms Dismissal of 4 COVID-19 Business-Interruption Lawsuits

Dec 13, 2021 -- In four separate decisions, a panel of the 7th Circuit Court of Appeals joined four other federal appellate courts in ruling that SARS-CoV-2 does not cause a direct physical loss or damage that triggers... read more
 
 
 
 

2

11th Circuit: Insurer Missed Deadline to Remove Bad Faith Case to Federal Court

Dec 16, 2021 -- Darryl A. Vachon did not accuse Travelers of bad faith in handling his $25,000 uninsured motorist claim until after a jury found he had incurred $1,022,780 in damages. Because he didn't, the insurer... read more
 
 
 
 

3

Swiss Re: Litigation Funders Driving Social Inflation, 'Outsize' Verdicts

Dec 10, 2021 -- 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... read more
 
 
 
 

4

J&J Kept Quiet on Popular Diabetes Drug as Red Flags Multiplied

Dec 8, 2021 -- RARITAN, New Jersey--Gathered for an emergency meeting, the Johnson & Johnson drug safety team painted an alarming scene: People taking the company's new blockbuster diabetes drug were falling... read more
 
 
 
 

5

Robotaxi Race Opens Up as Top Contender Waymo in Low Gear in Arizona

Dec 10, 2021 -- CHANDLER, Ariz.--Alphabet Inc's Waymo risks losing its lead in the U.S. race to prove robotaxis are a viable business as it sticks to a limited service and rivals backed by automakers near their own... read more
 
 
 
 

6

Medicaid Recovery Case Before Supreme Court May Drive Up Settlement Costs

Dec 6, 2021 -- A case to be argued before the United States Supreme Court next month could drive up the amount plaintiffs demand from insurers by allowing state Medicaid systems to recoup a larger a share of any... read more
 
 
 
 

7

Boy Scouts Secure $800M From Chubb For Sex Abuse Settlements

Dec 14, 2021 -- One of the Boy Scouts of America's primary insurers, Chubb Ltd unit Century Indemnity Co., said on Monday it will contribute $800 million to a deal proposed by the youth organization to settle around... read more
 
 
 
 

8

Viewpoint: The Need for Artificial Intelligence Governance

Dec 15, 2021 -- Artificial intelligence, and more specifically machine learning, is being deployed in the insurance space in some very exciting ways — from assessing underwriting risks to determining pricing to... read more
 
 
 
 

9

Explainer: the Security Flaw That's Freaked Out the Internet

Dec 16, 2021 -- BOSTON (AP) -- Security pros say it's one of the worst computer vulnerabilities they've ever seen. They say state-backed Chinese and Iranian hackers and rogue cryptocurrency miners have already seized... read more
 
 
 
 

10

5th Circuit: Indemnity Clause in Oil Field Contract Voided by Wyoming Law

Dec 14, 2021 -- A Wyoming oil exploration company may not avail itself to Texas law to evade liability for injuries to one of its contractor's employees, a panel of the US 5th Circuit Court of Appeals decided. Cannon... read more
 
 
 
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