Lawsuits brought by more than 3,000 football players over brain injuries have sparked infighting among insurers of the National Football League, with TIG Insurance Co. and two others suing four insurers Friday in New York state court over the massive coverage dispute.
A New York federal judge on Tuesday said United Airlines Inc. and American Airlines Inc. could not avoid a property company’s tort recovery lawsuit related to the Sept. 11 attacks just because the company has already received $4 billion in insurance payouts.
A Democratic Texas senator urged Republican Gov. Rick Perry on Thursday to oust state insurance commissioner Eleanor Kitzman, claiming the regulator is blocking a rule aimed at curbing unexpected out-of-network medical fees and that she consistently favors insurers over consumers.
Anderson Kill & Olick PC has snapped up for its Newark, N.J., office a former Lowenstein Sandler PC insurance coverage litigator for policyholders who has counted General Electric Co. and Unilever Plc among his clients, the firm said Tuesday.
An excess insurer said Friday it had no duty to cover a California water district that’s seeking up to $19 million in coverage for lawsuits by owners of burned-down homes who allege the district designed a water supply system inadequate for fighting a 2008 wildfire.
National Union Fire Insurance Co. of Pittsburgh urged a Texas federal judge on Friday to reject a motion to have its law firm, Beirne Maynard & Parsons LLP, disqualified from a coverage suit, on the grounds that one of the Beirne attorneys had a "substantial relationship" with plaintiff The O'Quinn Law Firm.
A California appeals court on Thursday declined a bid by Fluor Corp. to disregard a 2003 state high court decision and apply an obscure state insurance law to its suit seeking Hartford Accident & Indemnity Co. cover the company’s asbestos liabilities under policies granted to its predecessor.
Even companies that are far from storm-prone areas risk losing business in the wake of natural disasters like Hurricane Isaac, but they face a tough road when it comes to getting insurers to cover contingent business interruption losses, attorneys say.
The Seventh Circuit on Friday partially upheld a U.S. Tax Court ruling against State Farm Insurance Co. over its inclusion of more than $145 million in punitive damages in an annual loss reserve statement, saying such damages are deductible only when paid.
The California Legislature passed a bill to allow and regulate nonprofit insurers offering new consumer-owned health insurance plans under the Affordable Care Act that are targeted at helping low-income residents, the California insurance commissioner said Thursday.
The U.S. Supreme Court on Friday agreed to hear an appeal from The Standard Fire Insurance Co. arguing that a promise by a named plaintiff in a class action to seek less than the $5 million in damages required for federal jurisdiction should not be binding for other class members under the Class Action Fairness Act.
A New York federal judge on Thursday trimmed claims against Fannie Mae, its former brass and several underwriters including Goldman Sachs in multidistrict litigation alleging they misled investors about their management of subprime mortgage risks.
An Illinois federal judge on Thursday threw out most of a Medline Industries Inc. insurance suit demanding that RAM Medical Inc. provide legal coverage in suits over health injuries linked to counterfeit C.R. Bard Inc.-branded surgical mesh, but kept alive a breach of promise to insure claim.
Navigators Insurance Co. on Tuesday escaped obligations to defend troubled law firm Baylor & Jackson PLLC in six suits for malpractice and misappropriation of assets after a Washington federal judge ruled that such claims were excluded under the policy.
A U.S. insurance industry group on Thursday blasted the International Association of Insurance Supervisors' proposed framework for coordinating international supervision of large global insurers, arguing the proposal includes an unnecessary layer of regulation that would raise rates worldwide.
An Indiana appeals court ruled Wednesday that The Cincinnati Insurance Co. owes coverage for environmental claims that arose after its insured abandoned more than 100,000 tons of foundry sand on its lessor's property, a decision that could force other insurers to cover environmental damage under personal injury policy provisions, attorneys said.
Loan service agent Textron Business Services Inc., two banks that sued on its behalf and insurance holding company Brooke Holdings Inc. on Thursday settled a dispute in Kansas federal court over liability related to securitized investments issued by bankrupt Brooke subsidiaries.
The second big night of the Republican National Convention, headlined by vice presidential candidate Paul Ryan, proved Republicans are still dead-set on repealing the Democrats' health care law as soon as possible, all but ensuring that a President Mitt Romney would have to deliver.
Westfield Insurance Co. on Wednesday launched a lawsuit against Plews Shadley Racher & Braun LLP in Indiana federal court claiming its policies do not cover the firm in its fight against sanctions imposed in a False Claims Act suit.
Chubb Corp. unit Federal Insurance Co. lodged a third-party complaint on Thursday against Chevron Energy Solutions Co. in a $1.4 million insurance dispute over work performed by contracting firm Piedmont Mechanical Inc. on a Navy power plant project, arguing that Chevron is obligated to indemnify FIC.