Jefferson Block 24 Oil & Gas LLC is hoping to revive its $3 million Oil Pollution Act policy coverage suit against several insurers — including certain underwriters at Lloyd's of London — over cleanup costs stemming from an oil spill in the Gulf of Mexico.
A chiropractic treatment company accused of insurance fraud by Metropolitan Property & Casualty Insurance Co. has asked a judge to bar testimony from a chiropractor speaking on behalf of the insurer and demanded judgment in its favor, contending the expert is crucial to the insurer’s case.
The U.S. House of Representatives voted Wednesday to repeal the antitrust exemption that currently covers health insurance companies, a move that comes ahead of Thursday's scheduled bipartisan summit on health care reform aimed at reviving overhaul efforts.
The owner of a refrigerated warehouse in St. Louis has challenged a jury verdict freeing Philadelphia Indemnity Insurance Co. from covering damages from a burst ammonia pipe, as well as the court’s subsequent refusal to grant the plaintiff a new trial.
WellPoint Inc.'s chief executive on Wednesday denied U.S. lawmakers' accusations that the company is attempting to pad its bottom line with proposals to hike individual insurance premiums by as much as 39 percent in California, blaming rising health care costs for the requested increase.
A judge has dismissed a Comprehensive Environmental Response, Compensation and Liability Act lawsuit brought by Chubb Custom Insurance Co. seeking to recoup more than $2.4 million in cleanup costs from Ford Motor Co., Sun Microsystems Inc. and Chevron Corp.
A federal judge has affirmed an earlier ruling that Mid-Continent Casualty Co. does not have to indemnify Eland Energy Inc. and Sundown Energy LP for a $2 million settlement in an underlying class action over oil spills in the aftermath of hurricanes Katrina and Rita in 2005.
American Heritage Life Insurance Co. has filed suit against a company that specializes in automotive dealership insurance products, seeking to hold the company to an arbitration panel’s order demanding $6 million in security in connection with a contract dispute.
Prestige Title Inc.'s excess insurer Lloyd's of London has asked for permission to intervene in a lawsuit filed by Aspen Insurance U.K. Ltd. to rescind a primary insurance policy issued to Prestige, as the title insurance company faces two suits over allegations that its employees embezzled millions of dollars.
Construction and design company Taylor Morrison Inc. is asking a California court to shoot down a bid by an American International Group Inc. affiliate to transfer a lawsuit over insurance coverage related to defective Chinese drywall to Florida, arguing the unit is engaging in forum-shopping by seeking to join the case with an essentially identical proceeding in a more favorable venue.
Ahead of a scheduled bipartisan summit on health care aimed at jump-starting overhaul efforts, the White House said Tuesday it was backing proposals to revoke the insurance industry's antitrust exemption, saying the repeal would ultimately complement health care reform.
A federal judge will allow a group of pension funds in a massive securities fraud lawsuit over alleged false statements regarding American International Group Inc.'s financials to certify a class of equity stockholders, but has declined to include bondholders in that group.
A federal judge has trimmed some claims in a shareholder class action alleging that bond insurer Ambac Financial Group Inc. assured investors that the company was maintaining a cautious strategy while it was in fact insuring increasingly risky financial products.
An American International Group Inc. affiliate has asked a judge to throw out a suit over coverage for defective drywall claims against National Gypsum Co., contending that the dispute is subject to a mandatory arbitration provision.
Anderson Kill & Olick PC's Newark, N.J., office has picked up an attorney from Robertson Freilich Bruno & Cohen LLC who specializes in the cleanup of contaminated property and in insurance recovery.
Zurich North America has lost a bid to recover $17 million in umbrella insurance coverage it paid to the families of car crash victims, with a federal judge ruling that Missouri law does not permit it to go after the primary insurers over their settlement tactics.
Japan's second-largest life insurer, Dai-ichi Mutual Life Insurance Co., has reportedly announced plans to sell about $11.7 billion in shares, in what would be the country's largest initial public offering in more than 10 years.
A federal appeals court has given new life to a suit brought by a New Orleans property management firm against a pair of insurers that accuses them of failing to pay $6 million in property damage claims in the wake of Hurricane Katrina.
A federal appellate court has reversed a lower court's decision to grant fees to engineering surveying company Thouvenot Wade & Moerchen Inc., but said such an award under the Equal Access to Justice Act can include fees incurred by a party's liability insurer.
Wachovia Bank NA and Bank of New York Mellon Corp. are first in line to tap $42.3 million in proceeds from bonds issued to redevelop landfills in New Jersey Meadowlands, a federal judge has ruled, saying their claims supersede those of a formerly bankrupt contractor and an insurer.