InsuranceRSS

  • March 3, 2010

    Former Top AIG Corporate Counsel Joins DLA Piper

    A veteran counsel to businesses in crisis, Anastasia "Stasia" Kelly has left a top legal job at American International Group Inc. and joined DLA Piper, hoping to use her experience to help guide companies through thorny corporate governance and other compliance issues.

  • March 3, 2010

    Crucible Plans To Appeal Dismissal In Lloyd's Suit

    Crucible Materials Corp. is asking a judge to amend a ruling that dismissed its claims against certain underwriters at Lloyd’s of London in an excess environmental liability policy dispute so that it can appeal the judgment as soon as possible.

  • March 3, 2010

    Federal Insurance Programs Extended After Delay

    President Barack Obama has signed off on short-term extensions to federal unemployment, health and flood insurance programs, restoring benefits after delays in the U.S. Senate allowed the programs to expire Feb. 28.

  • March 2, 2010

    Accenture, Guidewire Patent Fight Stayed For Bilski

    A federal judge has stayed a fight between Accenture Global Service GmbH and rival Guidewire Software Inc. over patents for insurance claims processing software until the U.S. Supreme Court rules in Bilski v. Doll.

  • March 2, 2010

    AIG Unit Mulls $3.5B Aircraft Portfolio Sale

    An American International Group Inc. aircraft-leasing subsidiary is shopping around its aircraft portfolio as it pursues potential sales that could net up to $3.5 billion in proceeds for the firm.

  • March 2, 2010

    Auto Glass Co.'s Award Upheld In Quarrel With Insurer

    A federal judge has upheld a $400,000 arbitrator's award won by Alpine Glass Inc. in a dispute in which the auto windshield repair company accused Illinois Farmers Insurance Co. of shortchanging more than 1,000 drivers for car window repairs.

  • March 2, 2010

    Jilted Health Co. Investors' Insurance Claim Rejected

    Investors fleeced in a $30 million Ponzi scheme run by the former president of health care products company SOS Industries Inc. are not entitled to proceeds under a general liability policy issued by Lexington Insurance Co. to two other company principals, a Florida appeals court has ruled.

  • 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.