It's not much of a stretch to say that an insurer's duty to defend has been litigated over the years at a cost of hundreds of millions of dollars. There are three issues that have accounted for a substantial amount of that litigation.

Buckle up, it's going to be a bumpy ride, according to top equity strategists.

Ten people died and several people may be missing as rescue teams continue to search for bodies following the evacuation of 427 people in rough seas and high winds from an Italian ferry that caught fire en route from Greece to Italy.

America is the most litigious nation on earth. American jurisprudence is patterned on British common law and follows much the same rules as in our colonial days. Concepts such as innocent until proven guilty, right to a jury trial of one's peers, right of appeal, and the difference between civil...