A federal appeals court has affirmed two decisions in the case of twice-bankrupt TransTexas Gas Corp., saying a lower court was right to rule that a former CEO’s severance payments were fraudulent transfers and that National Union Fire Insurance Co. of Pittsburgh, Pa., did not have to cover the payments.
A T-Mobile USA Inc. customer who claims the Hartford Financial Services Group overcharged her for cell phone insurance has moved to certify a class of up to hundreds of thousands of fellow subscribers.
UnitedHealth Group Inc.'s liability insurers are off the hook for most of the $400 million in settlements stemming from United's alleged underpayments to plan members, a federal judge has said.
State Farm Fire and Casualty Co. has slapped The General Bar Inc. with a declaratory judgment action seeking to avoid responsibility for defending the legal directory against the claims of a financial services firm that was bilked out of more than $1.2 million by a law firm General Bar recommended.
An insurance producer trade group said it plans to take legal action to halt a New York state regulation requiring brokers to disclose to consumers whether they are getting paid for selling certain insurance products.
A former Hartford Investment Management Co. financial analyst consented to a permanent injunction and agreed to pay a fine in a U.S. Securities and Exchange Commission case over alleged insider trading related to Liberty Mutual Insurance Co.'s acquisition of Safeco Corp.
Two construction companies left with little to show for their duty to defend litigation against General Casualty Co. of Wisconsin are appealing a decision denying them punitive damages, just months after a judge slashed $3 million from the jury's damage award in their favor.
Insurers for Ground Zero businesses and the airlines they sued for property damage stemming from the Sept. 11 terrorist attacks have asked a federal court to keep secret the total amount of their pending settlement agreement.
California Insurance Commissioner Steve Poizner on Wednesday released a list of 50 foreign firms conducting business in Iran's energy and defense sectors, warning that as of March 31, no statement credit would be given in California for investments in companies named on the list.
A federal appellate court has largely reversed and remanded a lower court's decision to dismiss AIG Retirement Services Inc.'s lawsuit accusing Artemis Finance SNC, Credit Lyonnais SA and others of fraud in the purchase of the assets of Executive Life Insurance Co.
A federal judge has dismissed Verizon Communications Inc. and Metropolitan Life Insurance Co. from an engineer's case alleging his disability benefits were improperly reduced after he was diagnosed with post-traumatic stress disorder related to the Sept. 11 attacks.
A Continental Insurance Co. claims handler does not have to testify in a suit that alleges the insurer owes coverage to a water treatment company that had to pay out $30 million following a fatal outbreak of Legionnaires' disease on a cruise ship, a judge has ruled.
The House Committee on Energy and Commerce has stepped up its probe of Toyota Motor Corp. customers' reports of unintended acceleration, asking five auto insurers if they had received and alerted transportation regulators to similar "persistent" complaints of the problem.
A U.S. House of Representatives subcommittee has launched an inquiry into Anthem Blue Cross and Blue Shield's recent proposal to raise health insurance premiums for California customers as much as 39 percent.
Unum Life Insurance Co. of America and a former Snell & Wilmer LLP partner who sued the insurer and the law firm's benefit plan after seeking treatment for cocaine addiction have reached a deal to end their disability benefits dispute.
Blank Rome LLP has expanded its corporate litigation practice by snagging an insurance and environmental law specialist from Robertson Freilich Bruno & Cohen LLC.
A federal judge has allowed Liberty Mutual Insurance Co. to intervene in the U.S. Securities and Exchange Commission’s settled $12.2 million fraud enforcement action against General Re Corp., to give Liberty a chance to take a bite out of the settlement as an alleged victim of the fraud.
A proposed move by bankrupt financial holding company AmTrust Financial Corp. to sell its property and casualty business to Novak Insurance Agency Inc. has drawn opposition from a group of noteholders.
A group of plaintiffs has urged a federal court to reconsider a ruling that threw out Guardian Life Insurance Co. and Aetna Inc.’s claims in multidistrict litigation accusing Pfizer Inc. of improperly marketing anti-epilepsy drug Neurontin for off-label uses.
A federal judge has dismissed an insurer's claims for reimbursement from Rohm and Haas Co. and Morton International Inc. for defense and settlement costs stemming from four separate lawsuits over asbestos and chemical exposure and an allegedly tainted landfill.