Securities class actions rise in 2024, with AI and COVID-19 cases leading growth while SPAC filings plummet, shows a report by Cornerstone Research and Stanford Law School.
Product recalls surge across key industries in 2024, with over 580 million units affected through September alone, Sedgwick’s quarterly analysis reveals.
A New York ruling highlights the heavy burden on employers to prove intoxication was the sole cause of a workplace accident to deny workers’ comp coverage.
The Hawaii Supreme Court’s ruling limiting insurance coverage in a climate-change lawsuit could have far-reaching implications for the fossil fuel industry.
The number of filings in most trend categories is on pace to decline in 2024, except for AI and COVID-19-related filings, which are on pace to increase, the report finds.
“We find it a little surprising to see as much competition as we do in the public space, knowing that there’s the old inventory of claims and there’s a new inventory continuing to build. It’s a little bit of a surprise to me to see the market as competitive as it is.”
RAND research of 2010-2019 data suggests social inflation may be on the rise, but says further investigation is needed to confirm the trend is not caused by other factors.
An Oregon Court of Appeals decision, interpreting California law, provides clarification on the application of the workers’ compensation exclusive remedy rule.
Lex Machina report finds the overall trend since 2016 is increasing insurance disputes in federal courts, with 2023 marking the second-highest number of filings in the past decade.