InsuranceRSS

  • December 4, 2009

    Marshall, Clausen Tout Service Diversity

    With each boasting about 170 lawyers largely dedicated to insurance work, Philadelphia-based Marshall Dennehey Warner Coleman & Goggin and Chicago-based Clausen Miller PC credit their success to strong regional specialization and diversity of services.

  • December 4, 2009

    Insurance Attorneys Dominate At SmithAmundsen

    With 44 percent of its 113 attorneys handling significant amounts of insurance work, Chicago-based SmithAmundsen LLC has the heaviest concentration of insurance lawyers of any firm with 100 or more lawyers, according to Law360's 2009 practice area survey.

  • December 4, 2009

    MassMutual Latest To Sue Rothstein Over Ponzi Scheme

    Scott W. Rothstein, the disbarred Florida lawyer accused of orchestrating a $1.2 billion Ponzi scheme, is facing yet another lawsuit, this one from Massachusetts Mutual Life Insurance Co. over a $14.8 million policy.

  • December 4, 2009

    Lexington On Hook For Golf Course Claims: 11th Circ.

    A federal appeals court has ruled that Lexington Insurance Co. waived its rights to challenge the statute of limitations on claims made by a hurricane-ravaged golf course by paying a portion of the request, rejecting the insurer's appeal and sending the dispute back to the district court.

  • December 3, 2009

    6th Circ. Cans Marsh Worker Discrimination Suit

    A federal appeals court has snuffed a former Marsh USA Inc. employee’s bid to revive a discrimination suit against the risk management powerhouse, holding that the lower court correctly exercised jurisdiction under federal preemption and granted summary judgment to the defendant.

  • December 3, 2009

    Senate OKs Women's Care Amendment In Health Bill

    In its first amendment to the health care overhaul, the U.S. Senate has voted for a provision sponsored by Sen. Barbara Mikulski, D-Md., that would force insurance companies to pay for the entire cost of preventive care such as mammograms for women.

  • December 3, 2009

    Assured Offers $499M In Stock To Protect Rating

    Assured Guaranty Ltd. has issued shares worth about $499 million to UBS Securities LLC as part of a capital plan the bond insurer instituted to ensure that its financial rating does not continue to drop.

  • December 3, 2009

    Claims Pared In Prudential Overtime Class Action

    A putative class action accusing Prudential Financial Inc. and Prudential Insurance Co. of America of failing to properly pay overtime to registered representatives or reimburse them for business expenses has been stripped of a few of its state law claims, although the bulk of the claims remain.

  • December 3, 2009

    Insurer To Pay For Fla. Petroleum Storage Site Cleanup

    Automated Petroleum and Energy Co. has dropped its lawsuit against Commerce and Industry Insurance Co. following the insurer's agreement to pay for the cleanup of contaminated soil and groundwater at two petroleum storage facilities in Florida.

  • December 3, 2009

    Halliburton Found Liable For Coverage In Crash Suit

    A federal judge has held that a general liability insurance policy issued to Halliburton Co. provides coverage to Era Aviation Inc. and its former parent company Rowan Cos. Inc. in a suit stemming from a deadly 2004 helicopter crash.

  • December 2, 2009

    ICW Objects To Developer's Use Of Cash Collateral

    Insurance Company of the West is objecting to California Coastal Communities Inc.'s bid to use cash collateral as the upscale developer struggles to emerge from bankruptcy following the collapse of the real estate market.

  • December 2, 2009

    Judge Again Finds ANI Must Cover Superfund Suit

    A federal judge has again found American Nuclear Insurers has a duty to defend Whittaker Corp. and Textron Inc. in an environmental action requiring them to clean up radiation pollution at a Superfund site.

  • December 2, 2009

    House Committee OKs New Federal Insurance Office

    Legislators have thrown their support behind the creation of a Federal Insurance Office that would have some authority to negotiate international insurance agreements and make recommendations regarding industry regulations.

  • December 2, 2009

    5th Circ. Reverses Katrina Damage Insurance Award

    In a win for American Bankers Insurance Co. of Florida, the U.S. Court of Appeals for the Fifth Circuit has reversed a district court decision, finding that the lower court improperly considered inadmissible evidence in siding with a Louisiana couple whose mobile home was damaged by Hurricane Katrina.

  • December 2, 2009

    Fifth Third Goes After Brooke Insurance Agents

    Fifth Third Bancorp is seeking the repayment of more than $9.5 million in notes issued by an arm of scandal-ridden insurance company Brooke Corp. that 16 independent insurance agencies used to finance their franchises.

  • December 2, 2009

    Monumental Life Settles Premium Refund Class Action

    A federal judge has signed off on a settlement between Monumental Life Insurance Co. and a class of plaintiffs who claimed the insurer failed to refund unearned premiums to consumers who paid off their credit-insured motor vehicle loans and leases before the prepaid coverage period expired.

  • December 2, 2009

    Lehman Wants Stay Modified For ARS Suit Payout

    Lehman Brothers Holdings Inc. has asked for relief from the automatic stay in its bankruptcy, seeking to tap its directors and officers policies to pay out $1.7 million to Openwave Systems Inc. to settle an auction rate securities fraud suit.

  • December 1, 2009

    Leahy Urges Insurance Antitrust Exemption Repeal

    Sen. Patrick Leahy, D-Vt., said Tuesday he would file an amendment to pending health care legislation in order to repeal the health insurance industry's exemption from federal antitrust laws.

  • December 1, 2009

    DC Circ. Affirms Sureties' Win In Contractor Spat

    A federal appeals court has upheld a summary judgment victory for two sureties in a suit brought by Hunt Construction Group Inc. accusing the companies of defaulting on a $1.96 million performance bond after subcontractor National Wrecking Corp. breached Hunt's construction contract.

  • December 1, 2009

    Diet Pill Makers Seek False Advertising Coverage

    The manufacturers and marketers of the weight loss pill Akavar 20/50 are asking a federal court to force their insurer, Admiral Insurance Co., to pay their defense costs in three underlying cases accusing them of false advertising.