Liberty Mutual Insurance Co. on Friday launched a suit in Texas federal court, alleging it should be reimbursed by the owners of a bankrupt general contractor, who saddled the insurer with responsibility for completing 37 construction projects at a cost that could exceed $50 million.
Citizens Property Insurance Corp. was hit with a class action in Florida state court Wednesday alleging the insurer violated hundreds of thousands of policyholders' contracts through a reinspection program that rescinded upward of $190 million in premium credits.
Transatlantic Reinsurance Co. hit American International Group Inc. with a lawsuit in New York state court Friday over coverage of a $173.6 million asbestos settlement, saying AIG hid an additional $88 million in financing charges from the reinsurer when it asked Transatlantic to cover the full $262 million cost.
A Pennsylvania judge on Friday released Federal Insurance Co. from its obligation to cover defense costs for former Pennsylvania State University assistant football coach and convicted child molester Jerry Sandusky, finding his crimes weren't committed in his capacity as an employee of the insured charitable foundation.
The U.S. Department of Health and Human Services on Friday released a final rule detailing some of the central insurance reforms of the Affordable Care Act, such as reducing incentives for insurers to avoid enrolling people with pre-existing conditions.
The Internal Revenue Service on Friday released the details of its proposed annual tax on the health insurance industry, as mandated by the Affordable Care Act, a move designed to eventually rake in more than $15 billion per year.
A California appeals court on Thursday made clear the order that insurers need to start covering injuries caused by an employee on the job, a ruling that quashes one carrier's attempt to reel in $600,000 from another for a $4.5 million underlying settlement.
A California judge tentatively refused Friday to throw out a putative class action accusing insurance broker Keenan & Associates of shorting claims examiners, saying there's a triable question about whether the lead plaintiff's day-to-day tasks involved enough independent judgment to exempt her from overtime pay.
California-based Kaiser Permanente's hospital and insurance units asked a federal judge Thursday to end a union lawsuit alleging it illegally paid workers advocating for a rival labor group, saying it would have to spy on employees to ensure they weren't campaigning while on the clock.
An $8.5 billion Bank of America Corp. settlement over claims related to Countrywide Financial Corp. mortgage-backed securities was flawed, and the deal must be given a thorough examination before approval, two American International Group Inc. expert witnesses told a New York judge on Thursday.
A Pennsylvania federal judge on Friday refused to dismiss defamation and commercial disparagement claims that Regis Insurance Co. leveled against credit rating agency A.M. Best Co. Inc. for downgrading Regis after learning of its parent company's insolvency and past litigation.
A Florida federal jury on Thursday convicted a former Mutual Benefits Corp. executive of money laundering and obstructing justice related to an $837 million scam that allegedly lured investors into buying interests in insurance policies covering the terminally ill and seniors.
Cigna Corp. and two medical cost management firms on Thursday asked a Florida federal judge to dismiss a putative class action accusing them of a conspiracy to help Cigna avoid paying Affordable Care Act-mandated rebates to patients, saying the plaintiff lacked standing to bring the suit.
A California federal judge found Tuesday that Houston Casualty Co. wasn't obligated to front defense costs to Impac Mortgage Holdings Inc. under a directors and officers policy for a trio of actions over its purported mishandling of mortgage-backed securities offerings.
Travelers Property Casualty Co. asked the Sixth Circuit on Wednesday to uphold a finding that it had no duty to cover medical supply companies MDC Acquisition Co. and RGH Enterprises Inc. in litigation over their practice of sending allegedly junk fax advertisements.
A Montana federal court on Wednesday tossed a fight over coverage for a Roman Catholic diocese accused of allowing sexual abuse, concluding a state court should hear the case because it raised unsettled questions about when policies are triggered.
Although some states address the problem through prejudgment interest and other financial measures, most states need stronger financial measures to compensate policyholders when an insurance payment is delayed, says Ben Lenhart, vice-chairman of Covington & Burling LLP's insurance practice group.
Sheppard Mullin Richter & Hampton LLP recently announced it has lured a litigation partner who deals in product liability, employment and insurance matters to its San Francisco office from Squire Sanders.
Middle market private equity firm Genstar Capital LLC has bought up retail insurance brokerage group Acrisure, adding the Midwest-focused regional servicer to its growing insurance and financial services group, according to a Friday statement.
The Fifth Circuit on Thursday affirmed a Continental Casualty Co. win in a suit brought by another insurer over a property title business’s alleged professional negligence, saying the insurer failed to report its direct action claim against Continental within the policy period.