Insurance

  • December 8, 2011

    Insurer Must Defend BestComp Under E&O Policy: 5th Circ.

    The Fifth Circuit on Wednesday upheld a decision ruling Indian Harbor Insurance Co. must pay for BestComp Inc.'s defense in an underlying action over medical providers' workers' compensation bills, finding the errors and omissions policy plainly provides for such costs.

  • December 7, 2011

    Holding Co. Principals Not Upholding Bargain: Cayman Fund

    Cayman Islands corporation Aviator Master Fund Ltd. and several other investment funds sued Strategy International Insurance Group Inc. principals in New York court Monday, claiming Strategy's Sandro Sordi and John Hamilton failed to make good on a pledge to turn over $15 million in real estate.

  • December 7, 2011

    LexisNexis Misuses Consumer Insurance Info: Rival

    Reed Elsevier Inc.'s legal research service LexisNexis has gained an unfair advantage in the market for insurance software by illegally buying and aggregating consumer reports, a rival company said in a lawsuit removed to California federal court last week.

  • December 7, 2011

    Humana Picks Up Health Analytics Leader Anvita

    Kentucky-based health insurance provider Humana Inc. will acquire health care analytics company Anvita Health to help optimize its programs, the companies announced Wednesday.

  • December 7, 2011

    Quinn Emanuel Stays Put In AIG's Battle With BofA

    American International Group Inc.'s legal team can continue to represent the insurance giant in its lawsuit against Bank of America Corp. over mortgage-backed securities, after a New York federal judge on Tuesday denied the bank's request to disqualify Quinn Emanuel Urquhart & Sullivan LLP for a conflict of interest.

  • December 7, 2011

    BofA, Fifth Third Escape $70M Concord Loan Scheme Suit

    A New York state judge on Monday freed Bank of America NA and Fifth Third Bank from allegations that they helped rogue Concord Capital Management LLC executives carry out a loan agreement scheme that cost the insurance premium finance company $70 million.

  • December 7, 2011

    Aviation Cos., Insurers Settle $20M Plane Damage Suit

    WM Aviation LLC and Tricor International Corp. on Monday agreed to resolve their suit in Florida federal court seeking nearly $20 million in coverage from U.S. Aircraft Insurance Group and three other insurers for damages that a plane sustained during a 2008 runway accident.

  • December 7, 2011

    Willis Group To Settle Sex Bias Suit For $11.6M

    A class of female employees of Willis Group Holdings Ltd. asked a New York federal judge on Tuesday to approve an $11.6 million deal to resolve a lawsuit accusing the insurance broker of paying women less than men and offering them fewer promotions.

  • December 7, 2011

    D&B Settles Suit Claiming Equifax Tried To Poach Farmers

    Business information companies Dun & Bradstreet Inc. and Equifax Inc. reached a settlement Tuesday in a case where Dun & Bradstreet claimed one of its ex-workers helped Equifax steal trade secrets and try to poach multimillion-dollar client Farmers Insurance Group.

  • December 6, 2011

    Insurers Must Back Massey Against Injury, Damage Claims

    A West Virginia judge on Monday ruled that a group of insurers are required to defend Massey Energy Co. in an underlying suit alleging its coal mining operations caused bodily harm and property damage to private individuals.

  • December 6, 2011

    Auto Parts Maker Fights Irving Place's $28M Debt Claim

    Affiliates of private equity firm Irving Place Capital and automotive parts maker TAP Automotive Holdings LLC sparred before a New York state judge Tuesday over TAP's responsibility for about $28 million in debt in the wake of a takeover by a group of banks and insurers.

  • December 6, 2011

    Insurer Can Dump Dating Site In Scam Suit: Wis. Court

    A Wisconsin appeals court on Tuesday upheld a decision that the Great Expectations dating service's insurer is not on the hook to defend a suit accusing the service of using myriad deceptive sales practices and preying on the elderly.

  • December 6, 2011

    Reinsurer Must Pay Up In Monsanto Deal: Ex-AIG Affiliate

    An attorney for a former American International Group Inc. insurer affiliate told a New York appeals court Tuesday that Everest Reinsurance Co. needs to pay its share of a $140 million environmental settlement with Monsanto Co.

  • December 6, 2011

    WTC Developers Can't Seek Double Recovery: Insurers

    Several insurers asked a New York federal court Monday to rule against World Trade Center developers seeking cuts of a $1.2 billion insurance settlement over property damage from 9/11, arguing the developers already received their proceeds from the loss.

  • December 6, 2011

    Hartford Admitted Duty In ZIP Code Cases: Crate & Barrel

    Crate & Barrel said Monday that Hartford Fire Insurance Co. must defend it in several privacy class actions over its collection of customers' ZIP codes, arguing in Illinois federal court that Hartford has all but admitted its obligation by agreeing to defend one of the cases.

  • December 6, 2011

    Ind. Appeals Court Nixes Waste Cos.' Asbestos Claims

    An Indiana appeals court on Monday overturned a ruling in favor of two waste management companies in their row with insurers over asbestos claims, finding they are not entitled to coverage because the policies covered their predecessors and were not transferred.

  • December 6, 2011

    Sens. Seek To Ease Pains Over Defective Chinese Drywall

    Recognizing the frustrations of homeowners afflicted with defective Chinese drywall, a U.S. Senate panel on Tuesday blasted insurers for using pollution exemptions to deny coverage and supported taking steps to hold Chinese companies accountable for faulty imported products.

  • December 5, 2011

    Insurer Must Cover $5M Spam Fax Settlement: Mo. Court

    A Missouri court on Thursday found Columbia Casualty Co. liable for a $5 million settlement between policyholder HIAR Holding LLC and a class of 10,000 consumers who received spam fax advertising, ruling that the class' alleged injuries were covered by HIAR's insurance policies.

  • December 5, 2011

    Insurers Off Hook For KB Home's Chinese Drywall Claims

    A Florida federal judge ruled on Monday that two insurers do not have to defend KB Home Inc. against claims over defective Chinese drywall used in its houses because the damage falls under a total pollution exclusion in their policies.

  • December 5, 2011

    Class Attys Get $1.5M In Allstate Cancer Policy Settlement

    An Oklahoma federal court on Monday approved the settlement of a class action claiming The Allstate Corp. and an indirect subsidiary wrongly denied coverage for drugs that support cancer treatment, granting class counsel up to $1.5 million in fees and costs.