A California federal judge on Thursday dismissed some claims in billionaire inventor Ronald A. Katz’s suit accusing Geico Corp. of infringing his interactive call processing patents, but left the bulk of the suit untouched as both sides pressed for summary judgment.
Arch Specialty Insurance Co. on Thursday hit flavor ingredient company Citrus & Allied Essences Ltd. with a declaratory judgment suit in New York court seeking to avoid coverage for personal injury claims over exposure to buttered popcorn flavoring diacetyl.
The trustee overseeing the liquidation of failed homebuilder Dunmore Homes Inc. asked a California bankruptcy judge Tuesday to approve an amended settlement with Travelers Casualty and Surety Co. of America and Comerica Bank over a nearly $12.9 million tax refund.
Attorneys for U.S. Fire Insurance Co. and other insurers told a California judge Thursday he should dismiss parts of Union Oil Co. of California’s lawsuit seeking indemnification for environmental cleanup at a 3,000-acre oil field, claiming the company deliberately contaminated the site.
Aspen Specialty Insurance Co. sued Coral Mortgage Bankers Corp. and its president on Tuesday in New Jersey seeking a declaration that it has no duty to defend them in a lawsuit launched after a former Coral employee pled guilty to stealing investor funds.
Mid-Continent Casualty Co. and subcontractors of Lennar Corp. on Wednesday ageed to drop a lawsuit the insurer had lodged seeking to limit its liability for costs stemming from a Lennar suit that alleged the subcontractors installed faulty Chinese drywall in its Florida real estate developments. (A previously published version of this article incorrectly stated that the parties had reached a settlement. The error has been corrected.)
Nationwide Mutual Insurance Co. said Thursday it would acquire Harleysville Group Inc. for $760 million in cash to increase its property and casualty coverage and expand its distribution network.
A California woman on Tuesday slapped Anthem Blue Cross with a proposed class action accusing the insurer of violating customer contracts and state laws by charging unlawful fees and abruptly canceling thousands of health insurance policies.
Two insurers on Wednesday demanded that an Ohio federal court disqualify Thompson Hine LLP from representing a developer in a coverage suit, saying the firm represented the parties simultaneously before dropping the insurers to pursue the developer's claims against them.
A New York federal judge on Wednesday refused to throw out a $34 million verdict against CareCore National LLC in an antitrust suit accusing the benefits management company of conspiring to exclude several New York radiology practices from insurance networks for upright MRI services.
A New York federal judge on Wednesday approved bankrupt Ambac Financial Group Inc.'s controversial $33 million settlement ending class action allegations that the bond insurer didn't disclose risks in backing troubled securities.
Edward D. Jones & Co. LP was dismissed Tuesday from Union Central Life Insurance Co.'s lawsuit in New York accusing a slew of financial services companies of making false and misleading statements about loans included in devalued mortgage-backed securities.
Federal agents on Tuesday raided the Florida offices of Imperial Holdings Inc., a company that makes lump-sum payments for life insurance policies and legal settlements, sparking shareholder investigations by at least six law firms and sending its stock price plummeting.
A Virginia federal judge on Wednesday sentenced A&O Resource Management Ltd. co-owner Adley H. Abdulwahab to 60 years in prison for his role in a $100 million life settlement investment scheme at the company.
The Washington Metropolitan Area Transit Authority on Friday sued Lexington Insurance Co. in Virginia federal court for more than $13 million, accusing the insurer of failing to cover business interruption losses from a fatal 2009 train collision that disrupted service and cut ridership.
Lowenstein Sandler PC said Tuesday that it had snagged veteran insurance attorney Lynda A. Bennett from Herold Law PA for its Roseland, N.J., office, where she will serve as chair of the firm's insurance coverage group.
The U.S. Department of Justice asked the U.S. Supreme Court on Wednesday to review an Eleventh Circuit ruling finding a government mandate that individuals buy health insurance unconstitutional, the same day 26 states fighting the law also petitioned for high court review.
A New York federal judge on Tuesday tossed a case brought by a class of Security Capital Assurance Ltd. shareholders claiming the bond insurer failed to accurately report its subprime exposure, finding the plaintiffs relied on information and statements irrelevant to their allegations.
Independent Trust Corp. did not need to allege civil conspiracy to pause the statute of limitations on its claims that title insurance underwriter Stewart Title Co. furthered a $68 million criminal fraud, the investment firm's attorney told the Seventh Circuit on Tuesday.
Attorneys for the Federal Deposit Insurance Corp. told a Washington federal judge Tuesday that MBIA Insurance Corp. can't prove in its suit over the collapse of IndyMac Bank FSB that the losses the insurer sustained count as recoverable administrative expenses.