legal costs News

As Trial Opens, FTX’s Bankman-Fried Battles Excess Insurer Over D&O Coverage

Just two days before his criminal trial started this week in federal court in New York, FTX Trading founder Sam Bankman-Fried filed suit in federal court in California against his excess insurance company seeking payment of legal costs. The suit …

Markets/Coverages: Mosaic Adds Litigation Liability Cover to Professional Lines Offering

Mosaic Insurance has launched litigation liability coverage, offering critical financial protection to policyholders against the risk of adverse legal costs when pursuing litigation or arbitration. Experienced litigation solicitor Sarah Bowden has joined the global specialty insurer’s professional liability division to …

Massachusetts Woman Sues Utility, Town After Child Hurt by Falling Branch

A Massachusetts woman whose 2-year-old child was injured when a tree branch fell on her SUV has filed a lawsuit alleging utility Eversource and the town of Southampton, Mass., knew of dangerous tree limbs yet didn’t cut them down. The …

Two Ex-Penn State Officials Plead Guilty in Child Sex Abuse Scandal

Two former Penn State administrators accused of covering up child sexual abuse allegations against Jerry Sandusky pleaded guilty to reduced charges Monday, more than five years after the scandal rocked the university and led to the downfall of football coach …

ABI ‘Frustrated’ by Judgment Applying LASPO to Mesothelioma Claims

A recent decision by the UK’s High Court to apply Legal Aid, Sentencing and Punishment of Offenders Act (LASPO) to mesothelioma claims has triggered a negative response from the Association of British Insurers (ABI). James Dalton, the ABI’s Head of …