Explore how aggregate limits of liability work in insurance, their impact on policy coverage, and why understanding them is crucial for policyholders.

“You would hope that there would not be more than $10 billion of damage, but understand it is for each episode,” the speaker added. A group of senators have introduced legislation that would raise the ...

Researchers detail what happened in Illinois and Georgia after their state courts knocked down limits on noneconomic damages ...

Looking for some certainty in an often-uncertain field, public companies are increasingly disclosing auditor agreements that place a monetary cap on any liabilities that may arise from accounting ...

Compensation awards to victims of last week’s Metrolink train crash could easily overwhelm a $200-million cap that Congress imposed 11 years ago on a railroad’s liability in any one accident. The ...

Murkowski is co-sponsoring legislation to raise taxes on the oil industry and increase to $10 billion the amount of money in the Oil Spill Liability Trust Fund to help pay for offshore spills. Other ...

WASHINGTON — A top Obama administration lawyer Tuesday asked Congress to get rid of all federal liability caps that protect energy companies such as BP against huge damage payments to fishermen, hotel ...