Litigation

New York City has the distinction of being the nation's number one municipality for staged auto accident claims, the New York Alliance Against Insurance Fraud announced.

The individual most responsible for NU's success in online news--Assistant Managing Editor Daniel Hays--is retiring this week, and his colleagues and readers alike are going miss him dearly, says Editor Sam Friedman in his blog at www.NUSamSoapbox.com.

Shareholder derivative lawsuits against directors and officers of BP in the wake of the company's oil rig explosion could result in sizeable recoveries based on current litigation trends, an expert in the field said.

As states exit the recession with a focus on saving money in the new economy, workers' compensation systems will have to strip out as many unnecessary costs as possible to be successful, a workers' compensation expert said.

Companies facing claims from the Gulf of Mexico oil rig disaster are insured for losses totaling about $1.4 billion, the Insurance Information Institute reported.

The losses from the Deepwater Horizon drilling platform explosion are not expected to significantly impact the insurance marketplace or buying behaviors, a brokerage executive said.

A federal judge in Louisiana has awarded $164,049.64 to a family whose home was affected by Chinese drywall.

Directors and officers liability insurance experts do not foresee any major widespread uplift in D&O insurance prices emerging from Goldman Sachs' current woes or the increased lawsuit activity that has been provoked.