liability

7 Hidden Dangers to Your Holiday Finances

Amid all the good cheer, the holiday season hides a sobering number of financial pitfalls -- and not just ones that involve overspending. Here's a look at seven dangers you might not have considered, along with steps you can take to make sure your holidays are more happy than hazardous.

Renters Beware: You Need to Buy Insurance Too

Everyone realizes that homeowners need insurance policies, but many renters overlook the fact that they need coverage too. The average tenant has a lot to lose if they fall victim to a fire, flood or other disaster, which means they have a lot to gain from buying a low-cost renters policy.

What's Really Wrong With Letting Banks Pay Big Dividends

The Federal Reserve is finally admitting that not all the big banks are healthy: Bank of America won't get to pay increased dividends. But none of those financial giants should be allowed to, and a logical look at the reasons they say they want to dole out the cash makes it totally clear why.

Signing 'Standard' Agreements Can Bankrupt You

Those "standard" agreements big businesses like to impose on small clients are one-sided deals intended to protect their interests while reducing or eliminating your legal rights altogether. Before you sign on the dotted line, consider this cautionary example.

Ortho Ordered to Pay $1.7 Million in Levaquin Lawsuit

On Wednesday, a Minneapolis jury ordered Johnson & Johnson subsidiary Ortho-McNeil-Janssen Pharmaceuticals to pay an 87-year-old man $1.7 million because its antibiotic Levaquin damaged his Achilles tendons. It was the first verdict from about 2,600 similar lawsuits filed so far.

A Tough First Day for Oil Spill Claims Czar Feinberg

Kenneth Feinberg, who was jointly selected to be the new oil spill claims czar by the White House and BP, spent his first official day on the job Monday taking heat over the guidelines he has established for claims against the fund BP set up for victims of the Gulf of Mexico disaster.

Legal Briefing: Transocean's Ineffective Move to Slow Litigation

Accused Gulf oil spill villain Transocean recently invoked an 1851 law to try to limit its liability in the disaster. A U.S. District Court has ruled that the statute's damage cap doesn't apply, but the settlement of personal injury and wrongful death claims will be slowed down by the maneuver.

What the Future Holds for Gulf Oil Spill Companies

The Department of the Interior's report on the Gulf oil spill is due out this week, and those in the industry await it with concern: A possible prolonged ban on offshore drilling and the near certainty of expensive new safety standards could take a serious toll on their bottom lines.

Earthquake insurance: Is it worth it?

To buy or not to buy earthquake insurance. Two weeks after Haiti's devastating temblor, that question is on the front burner again. Whether you live...