Insurance

  • June 16, 2011

    Ex-Fidelis Owners Indicted For Fraud In Mo.

    Missouri’s attorney general unveiled indictments on Wednesday against the former owners of defunct car warranty dealer U.S. Fidelis Inc. for felony charges including stealing, unlawful merchandising practices and insurance fraud.

  • June 16, 2011

    Insurers Remove, Deny $7.7M Stucco Damage Claims

    Insurers who refused to settle homeowner policy claims over defective stucco — and now face a proposed class action over a related $7.7 million jury verdict — removed the case to South Carolina federal court Tuesday, denying they owe damages.

  • June 16, 2011

    High Court Greenlights W.Va. Class Bid In Baycol Fight

    The U.S. Supreme Court ruled Thursday that a federal judge was not authorized to stop a state court from certifying a class action over Bayer Corp.'s Baycol, in a decision that could make it easier for plaintiffs to bring class actions.

  • June 15, 2011

    Aon Risk Services Sues Ex-VP For Trade Secrets Theft

    Aon Risk Services Northeast Companies Inc. sued a former executive on Wednesday in New York state court for allegedly stealing trade secrets and violating a noncompete agreement by taking a job at rival insurance broker Alliant Insurance Services Inc.

  • June 15, 2011

    9th Circ. Reverses Remand Of Countrywide Coverage Suit

    The Ninth Circuit on Wednesday overturned a district court's decision to remand a suit brought by Countrywide Home Loans Insurance Co. and BAC Home Loans Servicing LP against Mortgage Guaranty Insurance Co. over a mortgage loan insurance policy.

  • June 15, 2011

    Nautilus Tries To Duck Bill For Pastor Sex Abuse Scandal

    Nautilus Insurance Co. filed suit in Arkansas federal court Wednesday in an effort to avoid paying for a sex abuse suit against convicted pastor Tony Alamo, as well as litigation over the alleged desecration of his wife's corpse.

  • June 15, 2011

    Texas House Passes Bill Limiting Damages Against TWIA

    The Texas House of Representatives on Wednesday preliminarily passed a measure aimed at reforming the Texas Windstorm Insurance Association that includes a controversial prohibition on punitive damages in suits against the nonprofit insurer.

  • June 15, 2011

    Wells Fargo Witness Purposefully Clueless: Insurer

    Lincoln National Life Insurance Co. on Monday asked an Oklahoma federal court to sanction Wells Fargo Bank NA for frustrating discovery in litigation over the insurer’s rescission of life insurance policies worth $20 million, by failing to provide a knowledgeable witness.

  • June 15, 2011

    Military Supplier Sues Insurer To Cover Tainted Meals

    The Wornick Co. sued Houston Casualty Co. in Ohio on Wednesday seeking insurance coverage for $2.8 million the military rations provider paid in relation to the recall of 700,000 meals ready to eat contaminated by salmonella.

  • June 15, 2011

    Insurer Can Sue Fla. Atty Over $9M Hangar Deal: Judge

    A Florida federal judge on Tuesday rejected a former Tew Cardenas LLP lawyer's assertion that an aviation insurer cannot sue him for allegedly bungling a plane hangar accident settlement, ruling the attorney represented the insurer as well as the insured.

  • June 15, 2011

    Q&A With Crowell & Moring's Bill McSherry

    In my first jury trial, the mistake I made was in believing that the jury would follow the judge’s lead and rule in my client’s favor because the judge so clearly despised my adversary and his client. I never now forget that juries have a mind of their own and you have to convince them yourself, says Bill McSherry, New York chairman of Crowell & Moring LLP's litigation department.

  • June 15, 2011

    Q&A With Jones Day's Matt Kairis

    Don’t leave any openings for someone to reinvent history, says Matthew Kairis, a litigation partner in Jones Day's Columbus, Ohio, office.

  • June 15, 2011

    Phoenix Targets Banks, Insurers Over Marketing IP

    Phoenix Licensing LLC filed suits in Texas on Monday and Tuesday against a slew of financial institutions and insurers — including Aetna Inc., Commerce Bank NA, Humana Inc. and General Electric Capital Corp. — over patents for marketing technology.

  • June 15, 2011

    GSK Shakes Humana Suit Over Avandia Injury Costs

    A Pennsylvania federal judge on Monday tossed two Humana Inc. subsidiaries' putative class action seeking reimbursement from GlaxoSmithKline PLC for costs the insurers incurred to cover treatment for Avandia-related injuries for Medicare beneficiaries who have settled their claims with GSK.

  • June 14, 2011

    Allstate Suit Over Countrywide MBS Moved To Calif.

    A New York federal judge Tuesday moved Allstate Insurance Co.'s case against Bank of America Corp. and subsidiary Countrywide Financial Corp. over a $700 million purchase of toxic mortgage-backed securities to California, saying the insurer appeared to be “judge shopping.”

  • June 14, 2011

    AmeriHealth Settles Eating Disorder Coverage Suit

    AmeriHealth Insurance Co. of New Jersey reached a settlement Tuesday with plaintiffs in a New Jersey putative class action accusing it of improperly limiting coverage for the treatment of eating disorders such as anorexia and bulimia.

  • June 14, 2011

    Colony Wins $22M Defense Verdict In Roof Damage Suit

    Colony Insurance Co. on Monday defeated a $22 million lawsuit brought in Texas state court by a Houston homeowners association seeking coverage for roof damage to 250 townhouses, Colony's attorneys said.

  • June 14, 2011

    Turkish Airline Sues Boeing Over Rough Landing

    Turkish airline Tailwind Havayollari and Chartis Aerospace Insurance Services Inc. sued The Boeing Co. and Parker-Hannifin Corp. in Oklahoma federal court on Monday for alleged negligence and product liability over a plane landing failure that nearly ended in disaster.

  • June 14, 2011

    Mutual Fund Co. Battles Insurers For More Than $25M

    Affiliates of The Chubb Corp. and Hartford Fire Insurance Co. on Friday took to Pennsylvania federal court a coverage dispute with mutual fund giant Federated Investors Inc., which seeks more than $25 million for litigation over allegedly excessive fees.

  • June 14, 2011

    Banner, Insurers To Settle Drywall MDL For $55M

    Drywall supplier Banner Supply Co., several affiliates and their insurers have reached a preliminary $55 million settlement in a multidistrict litigation in Louisiana in which Florida homeowners claim damages from corrosive Chinese drywall, parties involved in the resolution announced Tuesday.