Litigation

A state legislative group has asked a House committee to drop efforts to impose a "one-size-fits-all" standard on medical liability through federal legislation.

Legislation in Florida aimed at curbing personal injury protection insurance fraud stalled in state Senate Banking and Insurance Committee yesterday.

Civil litigation reforms in the United Kingdom that could reduce legal costs for insurers are credit-positive, says a report from Moody’s Investors Service.

A climate nuisance liability case to be heard by the Supreme Court may be the environmental case of the decade, according to William F. Stewart, a coverage attorney, who details the implications of Conn. vs. AEP.

Circumstances surrounding David Sokol’s recent resignation from Berkshire Hathaway are credit negative for the company, Moody’s Investors Service says, due to an appearance of conflict of interest and, more broadly, management succession risk at the company.

A jury in New York found that Toyota is not responsible for a 2005 crash in the first trial related to the car manufacturer’s recall of eight million vehicles due to unintended acceleration.