InsuranceRSS

  • March 23, 2010

    No Coverage For Pa. Judge Kickback Scandal: Insurer

    General Star Indemnity Co. Inc. has beefed up its lawsuit seeking to avoid insurance payments to a juvenile detention facility operator that has been sued for allegedly paying two county judges in Pennsylvania to send teens to its care centers.

  • March 23, 2010

    Calif. Appeals Court Blocks Furlough Of Lawyers

    A California appeals court has affirmed a decision that the state cannot furlough about 500 lawyers who work for the State Compensation Insurance Fund, saying the attorneys are protected under a provision of state insurance law.

  • March 22, 2010

    Medical Providers Can't Arbitrate PPO Fight: 5th Circ.

    A federal appeals court has affirmed that health care providers waived their right to force arbitration in a contract spat with C.C.N. Managed Care Inc. because they already sued the preferred provider organization in a Louisiana state court.

  • March 22, 2010

    Insurer Told To Cover Hospital For Nurse's Murders

    A New Jersey appeals court on Monday ruled that Executive Risk Indemnity Inc. cannot use a bodily injury exclusion to deny Somerset Medical Center's officers defense coverage for allegations of negligence stemming from the employment of a nurse who later pled guilty to murdering patients.

  • March 22, 2010

    Ex-AIG CEO's Investment Co. Sells AIG Stock For $278M

    The investment company led by Maurice “Hank” Greenberg, the former chief executive of American International Group Inc., has netted $278 million in a deal to sell 10 million AIG shares to a unit of Switzerland’s UBS AG.

  • March 22, 2010

    High Court Won't Hear Fraud Suit Against Nationwide

    The U.S. Supreme Court has denied a petition for certiorari from plaintiffs in a putative class action against Nationwide Mutual Insurance Co., letting stand an appeals court's ruling that negligent misrepresentation claims carry the same heightened pleading requirements as fraud claims.

  • March 22, 2010

    Health Care Bill Heads To Obama's Desk

    The U.S. House of Representatives has passed legislation to expand health coverage for millions of uninsured Americans and address major issues in the health care and pharmaceutical industries, including employer-sponsored insurance plans and approval pathways for generic drugs.

  • March 22, 2010

    State AGs Plan To Fight Health Care Reform Law

    At least 13 Republican state attorneys general say they plan to challenge the constitutionality of health care legislation once President Barack Obama signs the historic reform measure into law Tuesday.

  • March 22, 2010

    Insurer Sues Drywall Cos. Over Lennar Litigation Costs

    Mid-Continent Casualty Co. has sued three subcontractors of Lennar Corp. in a bid to limit its liability for costs arising from a lawsuit the homebuilder filed alleging the companies installed faulty Chinese drywall in its Florida real estate developments.

  • March 22, 2010

    Lincoln Insurance Sues Agent Over Alleged $10M STOLI

    The Lincoln National Life Insurance Co. has sued New York City-area life insurance agent Yeruchum Winer for allegedly scamming the insurer into issuing a $10 million stranger-originated life insurance policy.

  • March 22, 2010

    Lawyer Off Hook For Liability In $19.5M Injury Verdict

    A judge has thrown out negligence claims against a New Jersey attorney accused by two insurers of botching the defense for Camden County, N.J., in a personal injury case and losing a nearly $19.5 million verdict.

  • March 22, 2010

    Giovanni Appeals Coverage Denial In Labeling Suit

    Giovanni Cosmetics Inc. has appealed a judgment that two insurers need not defend or indemnify it in an underlying suit over the alleged mislabeling of its products as “organic” in violation of the Lanham Act.

  • March 19, 2010

    $575M Settlement For WTC Rescue Workers Delayed

    A federal judge on Friday delayed a $575 million settlement to be paid by the WTC Captive Insurance Co. to 10,000 rescue, recovery and debris removal workers who sued the city of New York over injuries sustained at the World Trade Center after 9/11, a week after the deal was announced.

  • March 19, 2010

    9th Circ. Rejects En Banc Bid In $450M Superior Case

    A federal appeals court has let stand its affirmation of a $450 million arbitration award in favor of insolvent Superior National Insurance Co. in a dispute over reinsurance coverage for workers' compensation policies, denying a request by U.S. Life Insurance Co. for an en banc hearing.

  • March 19, 2010

    Drivers' Suit Against Insurer Over Car Value Revived

    A state appellate court has reversed a ruling of summary judgment against a Pierce County, Wash., man who accused Farmers Insurance Company of Washington of breach of contract and bad faith in a class action after the insurer failed to pay him for the diminished value of his damaged car.

  • March 19, 2010

    New Trial For Boston Gas, Century In Coverage Suit

    A district judge has ordered a new trial in a protracted dispute over Century Indemnity Co.'s liability for damages in an environmental cleanup suit against Boston Gas Co., finding that the all-sums approach used in the first trial could not support the pro rata theory adopted by a federal appeals court.

  • March 19, 2010

    Old Republic Sues Travelers In $1.3M Diacetyl Fight

    Old Republic Insurance Co. has sued The Travelers Indemnity Co. and Citrus & Allied Essence Ltd. in an attempt to recoup about $1.3 million it spent defending Citrus in lawsuits brought by workers who alleged they were sickened by exposure to the butter-flavoring chemical diacetyl.

  • March 19, 2010

    MetLife Resolves TQP Data Encryption Patent Suit

    Metropolitan Life Insurance Co. has become the latest defendant to settle in TQP Development LLC's wide-ranging patent infringement battle over online encrypted data transmission.

  • March 18, 2010

    BofA Sues For Coverage Of 4,500 Title Defect Claims

    Bank of America NA has sued First American Title Insurance Co. for refusing to cover hundreds of title insurance claims related to defaulted home loans that have cost the bank $530 million.

  • March 18, 2010

    NY Insurance Bill Plays Down Rating Agencies' Role

    New York State Assemblyman Joseph D. Morelle has introduced a bill to relieve insurance companies of having to rely on nationally recognized credit rating agencies to determine capital requirements for their financial investments.