InsuranceRSS

  • March 2, 2010

    USHealth Dismissed From Cancer Insurance Suit

    In a proposed class action over whether insurance companies should pay benefits for cancer treatment procedures, a federal court has dismissed claims against National Foundation Life Insurance Co. parent company USHealth Group Inc. and the director of the South Carolina Department of Insurance.

  • March 2, 2010

    CSX Wins $1.3M In Contract Spat Over Crane Collapse

    A federal judge has ruled that transportation company CSX Corp. Inc. should get about $1.3 million in damages in a long-running contract and insurance spat with Pacific Rail Services LLC stemming from a crane accident that killed a Pacific Rail employee.

  • March 2, 2010

    Senate Delays Threaten Federal Insurance Programs

    A U.S. Senate floor standoff over a short-term extender bill has allowed the National Flood Insurance Program, unemployment and health insurance subsidies and other programs to expire, leaving claims in a state of technical limbo as lawmakers wrangle over how to pay for the legislation.

  • March 1, 2010

    Nelson Levine Lures Another Cozen O'Connor Atty

    Former Cozen O'Connor health and medical liability team leader John T. Salvucci has joined growing Nelson Levine de Luca & Horst LLC, the insurer-focused boutique announced Monday.

  • March 1, 2010

    Prudential Buys Asian AIG Unit For $36B

    American International Group Inc. announced Monday that it had reached an agreement to sell Asian life insurance unit AIA Group Ltd. to Prudential PLC for $35.5 billion, a move that marks the largest transaction to date in the crippled insurance giant's restructuring.

  • March 1, 2010

    Class Cert. Sought In First American Title Rate Suit

    A Maine couple has made a bid in federal court to certify a class of homeowners who were allegedly overcharged by First American Title Insurance Co. for residential title insurance policies.

  • March 1, 2010

    5th Circ. Sides With Insurer In Legal Malpractice Spat

    Byrd & Associates PLLC has lost a bid in federal appellate court to force Evanston Insurance Co. to pay for a legal malpractice suit that stemmed from an error predating the effective date of the personal injury firm's policy.

  • March 1, 2010

    Dow Chem Unit Sues For Coverage In Isocyanate Suits

    A unit of Dow Chemical Co. has sued Employers Insurance Company of Wausau — now part of Liberty Mutual Insurance Co. — for denying coverage for the defense costs of thousands of product liability suits by coal miners who were exposed to the severe asthma-inducing chemical isocyanate.

  • March 1, 2010

    Court Won't Certify Nationwide White Male Bias Action

    A former employee of Nationwide Mutual Insurance Co. has lost his bid to certify a class in a suit accusing the insurer of maintaining a policy of gender and race bias against white men.

  • February 26, 2010

    Cincinnati Insurance Settles Coverage Suit For $4M

    The Cincinnati Insurance Co. has agreed to shell out more than $4 million to settle a dispute over a policy it issued to bank holding company United Security Bancshares Inc. that covered losses resulting from dishonest or fraudulent conduct by employees.

  • February 26, 2010

    Class Certified In First American Rate Suit

    A district court has adopted a magistrate judge’s recommendation to certify a class of Idaho residents accusing First American Title Co. of overcharging customers by failing to provide state-regulated discounts.

  • February 26, 2010

    Rohm Accuses Insurer Of Bad Faith In Enviro Spat

    Rohm and Haas Co. and Morton International Inc. have accused Utica Mutual Insurance Co. of acting in bad faith by backing out of an agreement to help the specialty chemical manufacturers fund their defense costs in four lawsuits over asbestos, chemical exposure and contamination.

  • February 26, 2010

    CNA Demands Docs From Attys In Commerce Suit

    CNA Insurance Cos. has asked a judge to enforce subpoenas served on three law firms that represented shareholder class action and derivative plaintiffs in suits against Commerce Bancorp LLP, seeking evidence in a dispute over coverage for as much as $16 million in claims related to Toronto-Dominion Bank's purchase of Commerce.

  • February 26, 2010

    Coal Plant Appeals Pollution Exclusion Policy Ruling

    NFC Mining Inc. has asked the U.S. Court of Appeals for the Sixth Circuit to review a district court determination that a pollution exclusion freed insurer Lloyd's of London from indemnifying the coal processing facility against most of the claims made in a personal injury and property damage suit.

  • February 26, 2010

    Ambac 1, Patriots 0 In Bond Insurance Dispute

    The New England Patriots had a tough end to the 2009 season on the field, and 2010 isn’t starting out much better off the field following a ruling against the team’s financial arm in a contract dispute with bond insurer Ambac Assurance Corp.

  • February 26, 2010

    Calif. AG Subpoenas Insurers Over Rate Hikes

    California's attorney general has subpoenaed financial records and other documentation from the state's seven largest health insurance companies — including Aetna Health Inc., Cigna Corp. and Kaiser Permanente — as part of an ongoing investigation into rate hikes.

  • February 26, 2010

    Great American Settles Suit Over Unpaid Duties

    Great American Insurance Company of New York has agreed to cough up $100,000 to settle the U.S. government’s lawsuit over customs bonds issued to a trading company that owes roughly $3 million in import fees.

  • February 26, 2010

    ERISA Suit Over Aetna's Benefits Denial Tossed

    A federal court has dismissed a disabled man’s would-be class action against Aetna Life Insurance Co. after finding that the law controlling his employer’s benefits plan does not bar restrictions on pre-existing conditions.

  • February 26, 2010

    Blue Cross Wins Deductible Class Action In 11th Circ.

    A federal appeals court has affirmed a lower court's decision to toss a putative class action that alleged Blue Cross and Blue Shield of Alabama Inc. improperly charged deductibles to the participants of a group health insurance plan.

  • February 26, 2010

    Banks Slam Insurers For Stalling On $18M Fraud Claim

    United Bankshares Inc. has filed suit against Travelers and Chubb group affiliates, contending that they have been unreasonably slow in responding to an insurance claim submitted after the bank discovered it was duped into providing a Washington, D.C.-area restaurateur with nearly $18 million in loans based on false documents.