Litigation

CSST failures are annually responsible for millions of dollars in property damage across the United States, but most homeowners have little knowledge of the hidden dangers of the combination of this flexible tubing system and indirect lightning strikes.

Do Side A D&O policies add value at a time when terms of standard "ABC" policies are getting broader? Mark Paccione of Everest Specialty Underwriters argues that they do, and explains the benefits.

Recent statistics show declines in securities lawsuits relating to the subprime mortgage crisis, but directors and officers liability insurers should brace for more such cases in 2011, a plaintiffs' attorney warned late last month.

Florida has shut down its implementation of the health care reform law as a result of a decision earlier in the week by a Pensacola federal judge declaring the law unconstitutional.

A New York appeals court has thrown out a suit from bond insurer MBIA against Merrill Lynch, saying that sophisticated business entities should have understood what they were getting into.

Proposed changes to insurance contract accounting standards by the U.S. Financial Accounting Standards Board and the International Accounting Standards Board are reasonable and would improve consistency, Moody's said.