n the 1700s, mapmakers often used the phrase “Here be Dragons” to warn sailors of dangerous conditions on uncharted corners of the maps. For brokers and risk managers navigating their way through the Directors & Officers liability market, the “dragons” are growing in size and number. As a result, it’s helpful to examine several factors behind the current turbulence, including an increase in the frequency and severity of Securities Class Actions (SCAs), record settlements in derivative claims, the continued emergence of event-driven litigation, and increased claims costs.
The heavy metal band Metallica has filed a suit against Lloyd’s of London over losses suffered as a result of having to twice postpone its South American tour because of COVID-19 shutdowns.
A research report for Expertise.com that found many young Americans “panic bought” life insurance during the pandemic and now 21% of them regret it.
When shooing Buffalo, New York-based Kaitlyn Pan Group LLC off the Amazon selling platform over the discount company’s imitations of luxury shoes by Italian brand Valentino didn’t work to curb the sale of knockoffs, the online retailer and the Italian fashion company paired up and decided to sue.
Soap opera productions seeking to ramp up filming and keep things steamy in a time of COVID-19 social distancing protocols are using sex dolls as props for love-making scenes, according to numerous news outlets.
A federal judge in Bay City, Michigan, this month drew the line over a woman’s lawsuit that claimed that chalking tires for parking enforcement violates constitutional rights: It doesn’t, the Saginaw and Bay City News reported.
Age may be a closely guarded secret among Hollywood celebrities, but they can’t prevent movie websites from revealing it to the masses, according to a court ruling Friday.