A California federal judge on Monday refused to allow four insurers to intervene in a trade secrets and employment contract dispute over Bratz dolls, in which they are seeking millions from $108 million in attorneys' fees MGA Entertainment Inc. won from Mattel Inc.
An insurer sued Gibson Guitar Corp. in New York state court on Friday to avoid covering $7 million in flood damages at the company's Nashville, Tenn., headquarters, weeks after a federal judge determined a similar suit should be litigated in Tennessee.
Homebuilder Taylor Morrison Inc. and Chartis Specialty Insurance Co. on Monday settled a dispute in Florida over coverage for seven underlying suits that are part of a multidistrict litigation regarding allegedly defective Chinese drywall.
HoneyBaked Foods Inc. has settled an Ohio lawsuit in which it sought $8 million from Affiliated FM Insurance Co. for losses it suffered after federal inspectors found disease-causing bacteria in its meat, according to a court order filed Monday.
National Indemnity Co. on Monday walked away from Montello Inc.'s Oklahoma lawsuit against six insurance companies over coverage of hundreds of asbestos claims, after a judge found Montello could not directly sue the insurer.
As Kornegay Healthcare Inc. fends off lawsuits stemming from a 2010 hepatitis B outbreak at one of its North Carolina nursing homes that killed six patients, its insurer said Monday that it had no obligation to defend or indemnify the health care provider.
The U.S. Senate reached a bipartisan deal Monday to fund the government through Friday night, the end of the fiscal year, ending a dispute over disaster aid and averting a partial government shutdown.
The U.S. Department of Justice declined Monday to ask the Eleventh Circuit to reconsider its decision striking down the federal health care reform law's mandate that citizens buy insurance, in a move suggesting the DOJ will take the case to the U.S. Supreme Court.
A California federal judge on Monday largely denied Safeco Insurance Co.'s bid to dismiss counterclaims filed by the city of Los Angeles in a fight over a terminated $29.9 million contract to build a water main.
Key West Pipeline Co. and Gotham Insurance Co. sued the U.S. Navy on Monday to recover cleanup costs stemming from a 2007 jet fuel leak at a naval station in Key West.
A convicted former A&O Resource Management Ltd. executive berated prosecutors Monday for including information about fraud he allegedly committed after he left A&O in the sentencing phase of a case in Virginia over a $102 million insurance investment scheme.
Colorado-based Evergreen Energy Inc. on Monday resolved a lawsuit seeking at least $2 million from Ace American Insurance Co. under a directors and officers policy to cover litigation claiming an Evergreen unit underpaid two former executives for their company shares.
Insurers can contest life insurance policies if they suspect they represent illegal wagers on a stranger's life funded by outside investors, even if the policies include noncontestability provisions, the Delaware Supreme Court ruled in an opinion filed in two federal cases on Friday.
The Seventh Circuit on Monday reversed a lower court's decision in a putative class action accusing Esurance Insurance Co. of charging customers for "illusory" underinsured motorist coverage that could never be triggered, ruling the suit belongs in federal, not state, court.
Anchor Darling Valve Co. asked a Pennsylvania federal court on Friday to declare that Travelers Casualty and Surety Co. owes it coverage under a recently discovered primary comprehensive general liability policy for pending and future asbestos exposure injury claims.
R.M. Shoemaker Co. on Thursday claimed in Pennsylvania federal court that its subcontractors’ insurers were obligated to cover it in litigation over allegedly shoddy work on a $37 million construction contract at a New Jersey county jail.
Rose Acre Farms Inc. told the Seventh Circuit on Monday that Columbia Casualty Co. and National Fire Insurance Co. of Hartford owed the egg producer defense coverage in a price-fixing multidistrict litigation under their policies' advertising liability provisions.
Equitrust Life Insurance Co. asked an Arizona federal court on Friday to grant it summary judgment in a proposed class action accusing the insurer of falsely promising policyholders bonuses on deferred annuity premiums, saying the policyholders knew the annuity's terms when they purchased it.
A putative class of investors accused Bank of America Corp. on Friday of failing to disclose a potential $10 billion liability related to mortgage-backed securities its subsidiaries sold to doomed investment firm American International Group Inc., according to the plaintiffs' counsel.
The New York Life Insurance Co. on Friday moved to dismiss a proposed class action alleging breach of contract over the way it pays out policies, arguing that despite the named plaintiff's challenge to the method of payment, the insurer paid the policy in full.