This warning is there because Java is not actually storing type information at runtime in an object that uses generics. Thus, if 'object' is actually a List<String>, there will be no ClassCastException at runtime except until an item is accessed from the list that doesn't match the generic type defined in the variable. This can cause further complications if items are added to the list with this incorrect generic type information. Any code still holding a reference to the list but with the correct generic type information will now have an inconsistent list. To remove the warning, try:
List<?> list = (List<?>) object;
However, note that you will not be able to use certain methods such as add because the compiler doesn't know if you are trying to add an object of incorrect type. The above will work in a lot of situations, but if you have to use add or some similarly restricted method, you will just have to suffer the yellow underline in Eclipse (or a SuppressWarning annotation).