Litigation

Securities class actions, and to a somewhat lesser extent shareholder derivative litigation, have historically presented the largest class of claims exposures to directors and officers liability insurers.

Transocean Ltd. has filed a petition under the federal Limitation of Shipowner's Liability Act of 1851 to limit its liability for the Deepwater Horizon oil rig explosion to less than $26.8 million.

What does one learn after covering insurance news for 15 years? NU Online News Editor Dan Hays reflects on his career as he begins retirement.

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.