Mon.Jul 29, 2024

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Litera Acquires FileTrail, Expanding Its Capabilities In Governance, Risk and Compliance

Law Sites

The global legal technology company Litera said today that it has acquired FileTrail, a leading provider of information governance and records management software for law firms, corporations and highly regulated industries. Terms of the deal were not disclosed.

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AM Best: Migration to Cat-Prone States Fuels Record HO Underwriting Losses in 2023

Insurance Journal

The U.S. homeowners insurance segment suffered a $15.2 billion underwriting loss in 2023, more than double the loss seen in the previous year and the line’s worst underwriting results since at least 2000, according to a new AM Best report.

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Apple Delays AI Feature Rollout to October for Stability Improvements

Complex Discovery

Editor’s Note: In a strategic move to ensure top-notch performance and user satisfaction, Apple has decided to delay the rollout of its advanced artificial intelligence (AI) features to October. This delay, affecting the launch of iOS 18.1 and iPadOS 18.1, allows Apple to address critical stability issues and refine the functionalities before their public release.

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Hurricane Beryl Death Toll Grows to At Least 36, Including Those Who Lost Power

Insurance Journal

HOUSTON (AP) — The number of Texas deaths after Hurricane Beryl came ashore and knocked out power to millions of residents climbed to at least 36 on Thursday as officials confirmed more people who died in homes that were left …

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Visibility Into the Strategy & Supporting Documents of Major US Law Firms

Law Firm Intelligence by Trellis aggregates state trial court data across the Trellis platform enabling users to: look up a particular metric related to a specific law firm (such as, how many cases a law firm had or has against another law firm), and see the actual dockets and documents supporting the metric. Trellis data is maximized in a revolutionary and unique way to provide users an exclusive look into a law firm litigating in state trial courts.

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HARASSMENT PROCEEDINGS: PART 7 AND NOT PART 8 SHOULD HAVE BEEN USED

Civil Litigation Brief

There are often procedural difficulties when a claimant bringing a claim for harassment has to use the Part 8 procedure (as this is prescribed by CPR 65.28(1)(a)). However as the judgment of Aidan Eardley KC in Pattinson v Winsor [2024].

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Nationwide Plans 5% Reduction in Employee Headcount

Insurance Journal

Insurer Nationwide said late last week that it is reducing its headcount by about 5% over the next year. “We can’t speculate on the total number of job impacts,” said Nationwide in a statement.

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California Wildfire Grows to 575 Square Miles, Destroying at Least 100 Structures

Insurance Journal

At least 100 structures have been destroyed and roughly 4,200 more are being threatened by the Park Fire, near Chico, California, which has burned 368,256 acres and now touches four counties.

Insurance 111
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California Introduces a Competitor to the NCBE: Kaplan

Law and Daily Life

California has just announced that it will soon be making a big splash regarding how prospective attorneys are tested for their licenses. Though the state has always done things differently by administering its own exam, it’s now going one step further: doing away with the only company that has until now administered all U.S. bar exams, and hiring a new competitor.

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Fires in The West Are Becoming Ever Bigger, Consuming. Why and What Can Be Done?

Insurance Journal

Decades of snuffing out fires at the first sign of smoke combined with climate change have laid the groundwork for a massive wildfire in northern California and scores of smaller ones across the western U.S. and Canada, experts say.

Insurance 110
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The Case for Market Economics, Innovation and Rule of Law | IPWatchdog Unleashed

IP Watchdog

This week our conversation is with Patrick Kilbride, who is a public policy expert with significant expertise at the intersection between market economics, innovation and intellectual property. At the beginning of our conversation Kilbride explains that “one of the most remarkable things about the American economy is that what we have done historically does seem to be so unique.

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Stay On Top of Newly Filed State & Federal Litigation: Curated Just for You!

With Daily Filings Report by Trellis you will receive an email and csv file daily with all new cases filed in the jurisdictions you're tracking. Each new case will include all case metadata like judge, parties, counsel, practice area, and even direct links to the full docket and complaint. Trellis Daily Filings Reports provide direct access to newly filed state and federal litigation curated just for you.

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People Moves: Gov. Moore Appoints Grant as Next Maryland Insurance Commissioner

Insurance Journal

Maryland Governor Wes Moore has named Marie Grant, an attorney with nearly 20 years of experience in insurance and health care policy and regulation, as his state’s next insurance commissioner.

Insurance 110
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CHILDREN AND FATAL ACCIDENT LITIGATION 2024: KEY ISSUES CONSIDERED: WEBINAR 6th AUGUST

Civil Litigation Brief

There are particulars challenges and difficulties facing a practitioner in cases where children are the only or primary dependants in a fatal claim. This webinar addressed the key issues, in relation to the law, practice and procedure and helping with.

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ECB’s Cyber Security Test Shows ‘Room for Improvement’ for Banks

Insurance Journal

Euro zone banks have “room for improvement” in their cyber security, starting with how they would keep their business running after a hack, the European Central Bank said on Friday.

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A DEFENDANT IS ENTITLED TO SEEK TO AVOID SERVICE OF PROCEEDINGS: IT WON’T WIN YOU ANY HONOURS BUT IT IS NOT WRONG…

Civil Litigation Brief

In Broom v Aguilar [2024] EWHC 1961 (Ch) HHJ Paul Matthews rejected an argument that a different costs order should be made because the defendant did not co-operate in relation to service of proceedings upon her. Seeking to avoid service.

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Local Opposition Challenges Wind Farm Development in Rural Nebraska

Insurance Journal

After NextEra proposed a wind farm in Greeley County, Nebraska two years ago, Robert Bernt, a dairy farm owner in the area, helped to mobilize community members against the idea.

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The EU SEP Framework: Despite Concerns, It May Be More Friend Than Foe

IP Watchdog

There is a lot of Fear, Uncertainty and Doubt (FUD) swirling around the European Union’s legislative proposal for an SEP Framework. Fearmongering purveyors of FUD loudly characterize the SEP Framework as “regulation”, as if the innate nature and essence of standard essential patents (SEPs) would be forever altered. I have heard phrases like “the EU will regulate SEPs”.

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Ohio Manufacturer Faces $145K in Fines After Worker Fatally Burned by Molten Metal

Insurance Journal

A Hubbard, Ohio industrial manufacturer failed to protect their employees from molten metal that was heated to more than 2,000 degrees Fahrenheit, the U.S. Department of Labor determined after its investigation into how a 30-year-old employee suffered fatal injuries.

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Mapping & Surveying Expert Witness Case Summary

Expert Witness Blog

Introduction In the case of Lamb v. Alan B. Styles & Alan B. Styles Land Surveying, PLLC , 263 N.C. App. 633 (2023), the expertise of a Mapping & Surveying Expert Witness was critical.

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Companies ‘Paralyzed’ as Australia Plans Tough Climate Rules

Insurance Journal

Australia’s plans to introduce stringent rules on climate disclosures are driving up concerns among businesses about compliance in one of the world’s biggest per-capita emitters.

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Negative Trading in Congress

Securities Docket

We previously have investigated short selling in several empirical settings, including “negative activism” that targets companies. In our most recent study, we turn to short selling by members of Congress – “negative trading in Congress” – a controversial topic that might seem more appropriate for a blockbuster film than for academic study. Yet we show that truth is as strange as fiction: Congressional negative trading is not only common but is associated with positive abnormal financial returns

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Insurance Comparison Site The Zebra Buys Marble

Insurance Journal

Personal lines insurance comparison site The Zebra said it has acquired Marble, a digital platform for managing and saving on insurance. The acquisition is effective as of July 25, 2024.

Insurance 105
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AI: Are Boards Paying Attention?

Securities Docket

In the wake of a number of shareholder proposals, as well as first-of-their-kind enforcement actions and public statements by the U.S. Securities and Exchange Commission, many companies are considering how their use of artificial intelligence and the associated risks should be overseen and managed by the board. A recent report by proxy advisor Institutional Shareholder Services analyzed S&P 500 company proxy statements filed between September 2022 through September 2023.

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Rebuilding Rome, Upstate New York City Looking Forward After Destructive Tornado

Insurance Journal

A tornado that hit this small, upstate city tore off rooftops, leveled brick buildings and toppled the steeples of two historic churches. No one was killed, but the twister left a debris-strewn scar through downtown and nearby areas.

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The Bitcoin President

Securities Docket

Regulators from the traditional financial oversight agencies have attempted to choke it off, demonize its proponents and basically ostracize it from polite society and any sort of legitimate on-ramps. They view innovations in the space as extra-legal attempts to make an end-run around established securities laws. They view their role as crypto antagonists as being necessary to protect ordinary investors who might otherwise have their money stolen from them.

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Tyco, TIG Insurance Agree to Settle ‘Forever Chemicals’ Fire Foam Litigation

Insurance Journal

Three months after Tyco Fire Products agreed to pay $750 million to communities with groundwater affected by so-called “forever chemicals” found in fire-stopping foam, Tyco has reached a tentative settlement with one of its insurance companies.

Insurance 105
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Milberg roils Visa-Mastercard settlement claims process

Legal Dive

The law firm falsely suggested it represented well-known businesses in the claims filing process and blamed an outside party for the snafu that prompted a call for sanctions.

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Wildfire in Jasper National Park Could Burn for Months, Canadian Official Says

Insurance Journal

JASPER, Alberta (AP) — A wildfire that has destroyed hundreds of structures in the town of Jasper is the largest blaze recorded in Jasper National Park in a century and could still be burning months from now, a Parks Canada …

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Legal Client Intake: The Ultimate Guide for Law Firms

MyCase

Optimize your legal client intake with intake forms, thorough consultation, client education, transparent pricing, and more.

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California Workers’ Comp Report Shows ‘Relatively Stable’ System Post-Pandemic

Insurance Journal

The California workers’ compensation system has been relatively stable in the post-pandemic era, as premium levels rose by 1% in 2023 and are forecast to increase modestly in 2024—while decreases in average insurer charged rates are moderating, a new report …

Insurance 105
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Jury awards $22.1M to Wells Fargo director laid off after WFH accommodation request

Legal Dive

A judge said it wasn’t clear whether the employer engaged in “genuine discourse” about the ADA request.

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Legacy Acquisition Specialist Enstar to Be Acquired by Sixth Street for $5.1 Billion

Insurance Journal

Investment firm Sixth Street will acquire Enstar Group Ltd., the Bermuda-based legacy acquisition specialist, for $5.1 billion, according to Enstar in an announcement. Liberty Strategic Capital (a private equity company led by former Treasury Secretary Steven Mnuchin), J.C.

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Litera acquires FileTrail to expand information governance capabilities

Legal IT Insider

Litera today (29 July) announces the acquisition of FileTrail, a global leader in information governance and records management. This is an expansion by Litera in the governance space, complementing Litera’s […] The post Litera acquires FileTrail to expand information governance capabilities appeared first on Legal IT Insider.

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Private Equity Firm Centerbridge Weighs Exit Options for £3 Billion Canopius at Lloyd’s

Insurance Journal

A consortium led by private equity firm Centerbridge Partners is exploring exit options including an initial public offering of Canopius Group in a deal that could value the Lloyd’s of London insurer at about £3 billion ($3.

Insurance 103
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A $27 Million Lemon? Sam Altman's Lawsuit May Help New Homeowners Know Their Legal Rights.

Law and Daily Life

Imagine you are the CEO of a celebrated tech company that has taken steps to change the world. You want a house in the heart of San Francisco that reflects your newly-minted celebrity. Then, this property catches your eye. It's in the upscale Russian Hill neighborhood, right next to the famously crooked Lombard Street. It's got everything a tech CEO could wish for, including a "Batcave" garage for your Tesla (we're assuming he drives a Tesla) and eco-friendly everything.

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French Internet Cables Severed in Latest Attack During Olympics

Insurance Journal

A number of fiber optic cables carrying broadband service across France’s southern and eastern regions were cut overnight in the latest attack on the country’s infrastructure during the Olympic Games.

Insurance 102