Title insurance purchasers in a price-fixing class action agreed Monday to drop their Third Circuit appeal of a ruling that a Pennsylvania law allows collective rate setting, preventing the plaintiffs from seeking damages from their insurers, including Fidelity National Title Insurance Co.
The International Association of Insurance Supervisors on Monday unveiled its latest version of a framework for coordinating international supervision of large global insurers, a draft that a major insurance industry group says doesn't go far enough to nix duplicative regulations.
California health care industry groups on Thursday urged the Ninth Circuit to reconsider a recent ruling that found an anorexic woman was entitled to extensive residential care, saying it will vastly expand the services insurers must provide and cause rates to skyrocket.
A former Allstate Corp. insurance agent on Friday slapped the insurance giant with a $15 million breach of contract and fraud lawsuit, alleging the company methodically severed its yearslong relationship with him in order to redirect his business to a newer, younger agent.
The Second Circuit on Monday upheld a New York federal judge's finding that nine insurers did not owe coverage to aircraft equipment lessor Fleet Business Credit LLC for the loss of parts rented to now-defunct airline Tower Air Inc.
An arbitrator determined Wednesday that a former Stroock & Stroock & Lavan LLP securities and insurance partner was not entitled to receive retirement benefits under the partnership agreement after he withdrew from the firm to join Locke Lord LLP.
The Texas Supreme Court ruled Friday that loss of the use of a deceased person's tissues, organs, bones and body parts by a next of kin or a deceased person's estate does not count as property damage covered under an insurance policy, dealing a blow to organ donation charities in the state.
Nautilus Insurance Co. does not have to pick up the tab for litigation over a botched oil drilling project brought against policyholder Downhole Navigator LLC after Downhole turned down the chance to be represented by attorneys hand-picked by the insurer, the Fifth Circuit ruled Friday.
A New Jersey medical center's attempt to pursue class action claims that IFA Insurance Company illegally paid adjusters with personal injury protection funds was thwarted Friday when an appellate court said the company suffered no damages.
An unexpected twist in the U.S. Supreme Court's health law ruling may make it easier for states to opt out of the law's Medicaid expansion, a prospect that health care providers say could do serious damage to their bottom lines.
Lost in the shuffle of the U.S. Supreme Court's landmark health care ruling Thursday was a decision not to rule on a case that could have severely limited the power of consumer advocates to bring class actions accusing corporations of violating a statute even if consumers suffered no direct financial harm.
A day after the U.S. Supreme Court upheld the health care law, bringing new urgency to states that have not yet started shaping their insurance exchanges, federal health officials announced another round of funding Friday to help states begin that work.
A former Hamilton Township, N.J., official admitted Friday that he laundered a bribe from an insurance broker to the town's mayor, who has been accused of pocketing bribes to influence a local school district's award of a health insurance brokerage contract.
The Texas Supreme Court ruled Friday that attorney-client privilege does not protect communications between XL Specialty Insurance Co.'s lawyer and Cintas Corp. made during a worker's compensation proceeding and may not be withheld from the worker, who is now suing the insurer.
Bankrupt commercial real estate advisory firm Grubb & Ellis Co. on Thursday agreed to allow cleaning and repair workers hurt in the World Trade Center cleanup after the 9/11 attacks to proceed with litigation against it to pursue the firm’s insurance funds.
A New York state appeals court ruled Thursday that Travelers Property Casualty Co. must help defend flavoring maker Kerry Inc. against nine "popcorn lung" lawsuits because the company acquired Travelers insurance policies after a merger.
A New Jersey judge on Tuesday refused to toss Fairfax Financial Holdings Ltd.'s $8 billion suit over an alleged short selling scam by broker-dealer Morgan Keegan & Co. and Exis Capital LLC, finding the Canadian insurer had suffered “massive” economic loss from a campaign of negative information that prompted the suit.
Congress on Friday approved a five-year extension to the National Flood Insurance Program and reforms to ease it out of nearly $17 billion of debt, delivering long-desired certainty to private insurers that help run the program.
The Seventh Circuit on Friday struck down part of a district court ruling that St. Paul Mercury Insurance Co. need not cover Strategic Capital Bancorp Inc.'s costs in an investor suit, saying some claims must be covered even though people on both sides of the suit were covered under the same directors and officers policy.
Having ruled the Patient Protection and Affordable Care Act constitutional, the U.S. Supreme Court on Friday denied several ACA-related petitions, including one claiming the law's individual insurance mandate violated the right to religious freedom and another challenging a rule excluding research from hospitals' Medicare reimbursements.