Insurance

  • November 7, 2011

    High Court Rebuffs $60M Fraudster’s Post-Skilling Appeal

    The U.S. Supreme Court on Monday refused to consider overturning an ex-title insurance company executive's conviction for skimming more than $60 million in customer money, despite previously vacating the conviction after U.S. v. Skilling.

  • November 4, 2011

    Cigna Beats RICO Claims In Hospital's $30M Payment Suit

    A Texas federal judge on Thursday tossed Racketeer Influenced and Corrupt Organizations Act claims from a $30 million suit in which a Houston hospital operator claims Cigna Healthcare significantly underpaid it for treatment provided to Cigna subscribers.

  • November 4, 2011

    Insurers Off Hook In Qwest Employee Dishonesty Suit

    A group of insurers does not have to cover Qwest Communications International Inc.'s legal costs in a $50 million case brought against the company and others over dishonest conduct by two former Qwest employees, a Colorado federal judge ruled Friday.

  • November 4, 2011

    Shaw, Solar Co. Settle $107M Suit Over Faulty Pipes

    The Shaw Group Inc. on Friday settled a $107 million suit claiming it violated supply contracts by providing REC Solar Grade Silicon LLC with defective piping products, allowing the manufacturer to focus now on litigation against its insurers.

  • November 4, 2011

    Chartis Ordered To Cover Debris Hauler In Pollution Suit

    A California federal judge ruled Thursday that Chartis Specialty Insurance Co. must provide Sierra Recycling & Demolition Inc. with coverage for claims that the company transported construction debris with elevated levels of lead and zinc to a processing facility.

  • November 4, 2011

    Locke Lord Adds 2 Insurance Attys From SNR Denton

    Locke Lord Bissell & Liddell LLP has lured two attorneys from SNR Denton to further boost its corporate insurance practice group, which already boasts more than 50 lawyers, the firm announced last week.

  • November 4, 2011

    Investors Sue Viatical Broker Over Poor Predictions

    A group of investors on Thursday hit Life Partners Inc. with a suit in Nevada alleging the viatical settlement broker underestimates life insurance policyholders' life expectancies and exaggerates the rate of return on investment.

  • November 4, 2011

    Sonoco, Insurers Seek $15M From Toshiba For Plant Fire

    Packaging company Sonoco Products Co. and its insurers sued Toshiba International Co. for more than $15 million in Louisiana on Thursday, arguing a fire that engulfed a Sonoco manufacturing plant stemmed from a faulty Toshiba hydraulic pump motor.

  • November 3, 2011

    8th Circ. Grants New Trial In $4M Ethanol Insurance Row

    The Eighth Circuit ordered a new trial Thursday in a $4 million dispute between KAAPA Ethanol LLC and its insurer, saying a lower court had given the jury incorrect instructions on whether KAAPA's insurance would cover a structural collapse at a Nebraska ethanol distillery.

  • November 3, 2011

    NY Court Keeps $25M MetLife Tax Break Action Alive

    A New York appeals court on Thursday affirmed a lower court's refusal to dismiss a class action against Metropolitan Tower Life Insurance Co. and Tishman Speyer Properties LP over their allegedly illegal pocketing of almost $25 million in tax breaks related to rent rates.

  • November 3, 2011

    Hartford Seeks To Avoid Indemnity In $20M Fuel Gel Suit

    Hartford Casualty Insurance Co. sued an Oregon product testing laboratory Wednesday, asking a federal court to find that the insurer has no obligation to indemnify the company in a $20 million suit over a fuel gel explosion that seriously injured a Texas woman.

  • November 3, 2011

    Zurich Owes Federal $1.5M In Coverage Suit Fees: 2nd Circ.

    The Second Circuit on Thursday told Zurich American Insurance Co. to pay about $1.49 million to Federal Insurance Co. for attorneys' fees and other costs that Federal incurred while fighting Hartford Financial Services Inc. over coverage of a Fair Credit Reporting Act class action.

  • November 3, 2011

    Validus Plans Board Battle To Close Transatlantic Deal

    Validus Holdings Ltd. will attempt to oust three members of reinsurer Transatlantic Holdings Inc.'s board of directors now that the company has rejected Validus' increased, $55.35-per-share offer for Transatlantic, Validus said Thursday.

  • November 3, 2011

    Insurer Off Hook For Trade Show Co.'s IP Suit: 2nd Circ.

    The Second Circuit on Wednesday ruled that Great American Assurance Co. did not have to defend Rockland Exposition Inc. against a trademark infringement suit because the trade show promoter waited weeks before telling the insurer it had been sued.

  • November 3, 2011

    US Bank Forced Excessive Policies On Homeowners: Suit

    A condominium owner launched a class action in Minnesota on Wednesday accusing U.S. Bank NA of knowingly forcing him to buy more flood insurance than is required under his mortgage agreement or federal law.

  • November 2, 2011

    AXA Drops Legal Malpractice Suit Against Duane Morris

    AXA Belgium SA agreed Monday to drop a case in New York court claiming Duane Morris LLP's undisclosed conflicts of interest in its representation of AXA caused the insurer to enter into a shoddy settlement agreement in an underlying environmental contamination dispute.

  • November 2, 2011

    Former FDA Chief Counsel Joins Venable As Partner

    Venable LLP said Wednesday that the U.S. Food and Drug Administration’s former chief counsel had joined the firm’s litigation and regulatory divisions as a partner who will work in its Baltimore and Washington offices.

  • November 2, 2011

    Seagate Seeks Coverage For Exec's €3M Theft

    Disk drive maker Seagate Technology PLC sued National Union Fire Insurance Co. of Pittsburgh, Pa., in California on Monday for indemnification of a €2.9 million ($3.7 million) embezzlement perpetrated by a since-imprisoned executive of a Seagate subsidiary.

  • November 2, 2011

    Allstate Off Hook For Share Of $35M Bond Losses

    A federal judge ruled Tuesday that Allstate Life Insurance Co. does not owe a contribution to an Arizona town for losses the insurer and a putative class suffered on $35 million worth of bonds, but left Allstate on the hook for the town's contractual interference counterclaim.

  • November 2, 2011

    Century On Hook For Caterpillar Asbestos Defense

    Century Indemnity Co. must pay Caterpillar Inc.'s costs for defending thousands of asbestos injury claims from 2005 through 2008, likely to amount to tens of millions of dollars, an Illinois judge ruled Friday.