A California federal judge on Tuesday tentatively ruled that Signature Group Holdings Inc. isn't entitled to payouts from Continental Insurance Co. and three other insurers for losses stemming from $43 million in loans it issued to dishonest former employees perpetrating mortgage fraud schemes.
WM Aviation LLC and Tricor International Corp. launched a negligence and antitrust suit against Cessna Aircraft Co. on Monday in connection with a 2008 runway plane crash, weeks after the aviation charter firms settled a dispute with their insurers over coverage for the crash.
Travelers Property Casualty Co. of America and St. Paul Fire and Marine Insurance Co. sued a Budget Rent A Car licensee Monday in Georgia, saying they won't defend the company in a putative class action alleging it improperly printed customers' credit card information on receipts.
A federal judge in California ordered the city of Los Angeles on Tuesday to hand Safeco Insurance Co. hundreds of documents chronicling work performed on a $29.9 million water main in the months after the city terminated Safeco's construction contract on the project.
A California federal court trimmed former policyholders on Tuesday from a consumer class in a breach of contract suit against Conseco Life Insurance Co., citing the Supreme Court's ruling in Wal-Mart v. Dukes, which tightened the rules on class certifications.
Smithfield Foods Inc. and several insurers hit the U.S. Department of the Navy on Tuesday with a $365 million suit alleging a fire caused at a Smithfield facility by a Marine Corps reservist caused $326 million in damages.
Aon Corp., one of the world's largest insurance brokerage firms, will pay $16.3 million to resolve criminal and civil allegations that it doled out improper payments and benefits to officials in Costa Rica and other foreign countries, federal regulators announced Tuesday.
Louisiana's insurance commissioner said Tuesday that he would ask the state's high court to review its reinstatement of a $92.8 million judgment against a state-chartered insurer for neglecting to adjust property owners' claims on time after Hurricane Katrina.
A South Carolina federal judge refused on Monday to toss a proposed class action claiming that CUNA Mutual Insurance Society and others replaced credit insurance plans with insurance that provided far fewer benefits without adequately informing plan holders.
The Ninth Circuit on Monday returned a suit filed by retired California workers to a lower court following a ruling by the California Supreme Court that it was possible a state law bound a county to an implied health insurance contract with its employees.
British health insurance company Simplyhealth Group Ltd. has agreed to purchase Denplan Ltd., the largest dental insurance provider in the U.K., from Axa SA for about €137 million ($180 million) in cash, Simplyhealth announced Tuesday.
A Minnesota federal judge on Monday sanctioned Zurich American Insurance Co. and compelled it to produce corporate witnesses to testify on certain issues in insulation company API Inc.’s suit against the insurers for more than $70 million in asbestos-related coverage claims.
Just days after the complaint was filed, a Florida federal judge on Monday tossed a putative class action over Wells Fargo Bank NA's allegedly unlawful force-placed, competition-dampening insurance policies on jurisdictional grounds.
An American International Group Inc. subsidiary on Monday removed to Texas federal court Sabre Inc.'s suit seeking coverage for defense costs it has incurred in two antitrust suits filed by American Airlines Inc. against the airline ticket distributor.
Clarus Marketing Group LLC sued Philadelphia Indemnity Insurance Co. in California federal court Friday, seeking coverage under a professional liability policy for class actions claiming the marketing company surreptitiously enrolled consumers in a membership program that cost up to $20 a month.
A trio of companies working on a natural gas extraction project in Louisiana settled their lawsuit against pipeline manufacturer PolyFlow Inc. for allegedly providing faulty equipment for the venture, but their case against PolyFlow's insurer continues, according to court documents filed Friday.
The U.S. Supreme Court on Monday announced its schedule for oral arguments in its review of challenges to the Patient Protection and Affordable Care Act, setting aside three days in late March to review the constitutionality of President Barack Obama's signature health care overhaul.
British and Irish financial regulators on Monday fined two ACE Group Combined Insurance Co. units about $8.7 million for failing to protect consumers by properly overseeing their sales agents and handling claims and complaints.
State Farm Fire and Casualty Co. sued Electrolux Home Products Inc. in Illinois federal court on Friday, accusing the appliance manufacturer of selling faulty clothes dryers that caught fire and caused more than $12 million in damage to policyholders' homes.
Ace American Insurance Co. agreed Friday to pay nearly $2 million to settle allegations in Ohio state court that it conspired with other insurers to eliminate competition in the commercial casualty insurance industry.