Litigator Robert M. Sellards has joined Nelson Mullins Riley & Scarborough LLP in its new West Virginia office, where he will work in medical malpractice and insurance defense.
Two insurance companies seeking to rescind defense coverage to Milberg LLP and several former partners caught up in an infamous kickback scheme have agreed to withdraw their appeal in order to resolve a few outstanding issues.
From terrorist attacks and hurricanes to corporate malfeasance and financial meltdowns, dramatic events over the past decade have sparked record-breaking insurance disputes and important precedents regarding coverage interpretation, insurance lawyers say.
Specialty insurance provider Assurant Inc. has agreed to pay $3.5 million to settle a U.S. Securities and Exchange Commission inquiry into its finite reinsurance offerings following a $10 million accounting inconsistency regulators found in 2004.
New York state prosecutors have reportedly agreed to drop felony bid-rigging charges against three former employees of Marsh & McLennan Cos. and Zurich Financial Services AG, pending cooperation with plea agreements.
Former general counsel for the New York Liquidation Bureau Andrew J. Lorin has joined the New York office of Drinker Biddle & Reath LLP as a partner in the insurance practice.
A judge has shot down UnitedHealth Group Inc.’s bid for summary judgment in its suit seeking to force excess insurer Columbia Casualty Co. to indemnify it for the considerable attorneys' fees and costs it incurred defending itself against several doctor and plan subscriber lawsuits.
Denying both sides’ motions for summary judgment, a federal judge has ruled that a jury must decide a suit filed by industrial ingredient maker Penford Corp. seeking $50 million in coverage from its insurers for damage to a Cedar Rapids, Iowa, plant during a 2007 flood.
A group of former independent contractors with Quixtar Inc. — now known as Amway Global — are challenging a judge's ruling that they were not entitled to commercial and general liability coverage by Liberty Mutual Fire Insurance Co. for claims Amway asserted against them.
Berkshire Hathaway Inc. subsidiary General Reinsurance Corp. has agreed to pay over $90 million to settle claims that it schemed with American International Group Inc. and Prudential Financial Inc. to defraud investors of hundreds of millions of dollars.
Grange Mutual Casualty Co. is seeking to make public several documents produced by Chubb Custom Insurance Co. in a dispute over who should foot the bill for litigating and settling two class actions that accused Grange and other insurers of conspiring to shortchange policyholders.
The former chief operating officer of the Troubled Asset Relief Program has joined Cozen O'Connor as member in the firm's Washington office, where he will advise clients on a variety of matters involving the federal government.
An information technology employee has slapped a Kaiser Permanente unit with a proposed class action alleging the company failed to properly pay overtime compensation or provide meal or rest periods.
In an action seeking to void or rescind insurance policies issued on mortgage-backed securities, Radian Insurance Inc. has settled its entire suit against bond insurer MBIA Inc. and certain claims against Deutsche Bank National Trust Co.
Technology, energy and telecommunications companies accounted for the biggest shares of antitrust settlements, fines and judgments paid in 2009, thanks to a handful of exceptionally large payments from Intel Corp., E.ON AG, GDF Suez, Telenor Group and others.
U.S. Federal Reserve Chairman Ben Bernanke asked the investigative arm of Congress on Tuesday to review the Fed's involvement in the credit extension to American International Group Inc., amid criticism from lawmakers that the bailout of the insurance giant wasn't transparent.
A federal judge has signed off on a stipulated dismissal between toymaker Wham-O Inc. and its insurer, placing the duty to defend suit on ice as Wham-O continues to litigate a trademark dispute with a Hong Kong rival.
A federal appeals court has upheld an $88 million judgment awarded to Arch Insurance Co. for losses sustained on a series of indemnification bonds issued to Douglas Asphalt Co., which defaulted on a number of construction projects with the Georgia Department of Transportation.
Alabama's high court has vacated the certification of a class of health insurers in a suit accusing Wyeth of unjustly enriching itself in connection with Duract, an anti-inflammatory drug that was taken off the market in the late 1990s because of its association with liver problems.
Liberty Mutual Insurance Co. and State Farm Fire and Casualty Co. have asked the court overseeing the multidistrict product liability litigation over Chinese-made drywall to establish an insurers steering committee.