FIC Bid To Deny Legal Coverage To Sammons Lives

Law360, New York (February 5, 2009, 12:00 AM EST) -- Sammons Financial Group Inc. has lost its attempt to dismiss a declaratory judgment lawsuit brought by Federal Insurance Co. stemming from a spat over whether FIC should cover the legal costs of three class actions, though Sammons did win a partial stay in the case.

The financial services holding company, along with two of its insurance firm subsidiaries, asked the U.S. District Court for the Southern District of Iowa in August to toss the case in its entirety for a failure to state a viable claim....
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