A Massachusetts federal judge on Friday granted provisional class certification in a suit accusing two Cigna Corp. units of failing to pay out death benefits on life insurance policies issued under employee benefit plans.
Federal Insurance Co. sued other insurers Thursday in New York for failing to help pay defense costs of $5 million for a Deutsche Bank AG unit sued by workers claiming debris from the bank's two buildings near Ground Zero made them sick.
A federal judge in Michigan ruled Friday that First American Title Insurance Co. was liable to Washington Mutual Bank receiver the Federal Deposit Insurance Corp. for losses sustained in a $4.5 million sham mortgage.
The Federal Deposit Insurance Corp., acting as receiver for a failed Illinois bank, sued OneBeacon Midwest Insurance Co. on Friday in federal court, seeking $4.6 million in coverage for losses related to allegedly fraudulent loans made by two of the bank's former directors.
SLB Toys USA Inc. on Thursday won the transfer from Illinois to California federal court of Colony National Insurance Co.'s lawsuit demanding rescission of excess insurance policies covering SLB and other entities, some of which face claims over an allegedly defective pool slide.
A federal jury in Virginia on Friday found a Texas businessman guilty of fraud for his role in a $100 million scheme to sell life insurance settlements to investors.
A federal judge in Virginia on Friday refused to toss a suit brought by investment adviser Scott & Stringfellow LLC over an American International Group Inc. unit's alleged failure to pay a contractually mandated fee on a $400 million municipal asset sale.
The Sixth Circuit affirmed Thursday that a pollution exclusion in NFC Mining Inc.'s insurance policy from Lloyd's of London bars coverage for Floyd County, Ky., residents' claim that excessive coal dust from a coal-processing facility harmed their health.
A Louisiana federal judge refused Thursday to lift a stay on a homebuilder's state court suit against Interior/Exterior Building Supply LP while he mulls final approval of In/Ex and its insurers' $8 million settlement of multidistrict litigation over Chinese drywall.
A Wisconsin federal judge ruled Thursday that the Insurance Co. of the State of Pennsylvania was obligated to cover Manpower Inc. for the replacement value of property losses stemming from damage to the headquarters of Manpower's Paris-based subsidiary.
Life Partners Holdings Inc. said Thursday that Ernst & Young LLP had withdrawn as its auditor as the U.S. Securities and Exchange Commission considers a lawsuit over the accuracy of data used by the Texas-based company to sell life settlement policies to investors.
Coventry First LLC sued an anonymous Twitter user Tuesday in Pennsylvania federal court, alleging trademark infringement over an account portraying the life insurance settlement company as rooting for death and destruction to boost profits.
Indiana securities regulators signed off Thursday on a deal that lets UBS Financial Services Inc. pay $677,000 to settle allegations that the bank sold unsuitable investments to a trust that pays for some teachers and school employees' insurance claims.
A Louisiana federal judge on Thursday denied Polyflow Inc.'s bid to bar damages from allegedly “unlawful production revenues” in a breach of implied warranty and product liability lawsuit over a natural gas line that ruptured soon after construction finished.
A former LandAmerica Financial Group Inc. employee filed a putative class action against the bankrupt insurer's executives in Virginia federal court on Wednesday, claiming LFG's retirement plan continued to invest in LFG stock after it was no longer prudent.
A Florida federal judge on Thursday preliminarily approved a $39 million settlement between Lloyd’s of London and a class of property insurance policyholders who alleged its underwriters concealed deductibles for hurricane damage.
A South Carolina federal judge granted summary judgment Wednesday to a class of patients who accused two insurance companies of breaching supplemental cancer insurance policies by shortchanging them on benefit payments.
Hartford Fire Insurance Co. sued Children's Place Retail Stores Inc. in New Jersey last week, arguing that it shouldn't have to cover the clothing retailer for putative class litigation alleging improper collection of customers' personal information during credit card transactions.
A federal judge on Wednesday affirmed his judgment that National Union Fire Insurance Co. of Pittsburgh breached an insurance contract when it denied coverage of a West Virginia hospital's $2.5 million sex abuse settlement, rejecting the insurer's bid for reconsideration.
A New York appeals court on Tuesday asked the state's highest court to rule on whether it was right to revive Global Reinsurance Corp.'s suit accusing Equitas Ltd. of conspiring to restrain competition in the reinsurance industry.