Record

Surge in U.S. Court Verdicts Drives Record Liability Claims, Impacting Global Insurance Landscape

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ZURICH, Switzerland — A significant shift in U.S. liability claims over the past decade has led to a peak increase of 57%, attributed mainly to the impact of social inflation—a trend largely driven by various socioeconomic, legislative, and litigation factors. This trend emerged as the main growth driver in 2023, marking the most substantial increase seen in two decades, according to insights from the Swiss Re Institute. Social inflation refers to the rising costs of insurance claims resulting from litigation trends, broader definitions of liability, and larger jury awards. Notably, in the U.S., where tort … Read more

Record $2.5 Billion Verdict Against Ford Over Fatal Truck Rollover Marks Largest in State History

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Columbus, GA — In a landmark ruling, a federal jury in Columbus delivered the highest jury verdict in Georgia’s history when it ordered Ford to pay $2.5 billion to the survivors of a couple who tragically perished in a rollover accident involving one of its Super Duty trucks. The verdict, awarded in February 2025 for an accident that occurred three years prior, is emblematic of a series of hefty penalties that have hit major corporations over failures and negligence leading to severe injuries and deaths. The plaintiffs, children of Herman, 74, and Debra Mills, 64, … Read more

Chinese Court Awards Record Intellectual Property Damages in Groundbreaking Automotive Trade Secret Case

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Beijing, China – A landmark decision by the Supreme People’s Court (SPC) on June 14, 2024, assigned a record-breaking amount of damages for an intellectual property infringement in China, involving a heated dispute between two major domestic car manufacturers. The battle which centered around the misappropriation of technical trade secrets for new energy vehicle chassis has concluded with punitive damages being doubled on appeal. This case, presided over by Judge Chen Wenquan, has not only resulted in a multibillion-yuan award but also set a precedent for intellectual property rights enforcement in China’s rapidly evolving automotive … Read more

Pérez-Llorca Reports Record Revenues and Expands International Footprint in 2024, Highlighting Major Growth in Spain, Portugal, and Mexico

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Madrid, Spain — Pérez-Llorca, a prominent law firm based in Spain, has reported a global pro forma revenue exceeding €165 million for the year 2024. This marks a significant growth in their financial performance, with revenues from their Spanish operations alone surpassing €133.6 million, an 8% increase from the previous year. According to managing partner Pedro Pérez-Llorca, 2024 was a pivotal year characterized by strategic international expansions and substantial investments in both innovation and technology. “This growth not only consolidates our market position but also equips us to tackle the challenges of a rapidly evolving … Read more