Insurance

  • January 31, 2012

    Zurich's Bid For Quick Win Backfires In Defect Coverage Row

    Zurich American Insurance Co. lost its bid for summary judgment Monday on a claim regarding Claremont Liability Insurance Co.'s duty to defend a glass company in construction defect litigation, with a California federal judge ruling Claremont had no such duty.

  • January 31, 2012

    Liberty Mutual Settles $50M Hurricane Ike Coverage Suit

    Liberty Mutual Group on Monday settled a $50 million Hurricane Ike coverage lawsuit with JSW Steel Inc., two weeks after a jury trial was stopped midstream so the parties could hammer out an agreement.

  • January 30, 2012

    NRG Unit Wins Coverage For Coal Plant Modification Suit

    Illinois Union Insurance Co. must defend an NRG Energy Inc. subsidiary against a Clean Air Act suit brought by the federal government alleging it illegally made major modifications to a coal-fired power plant in Louisiana, a federal judge ruled Monday.

  • January 30, 2012

    Insurers Owe Indemnity In Superfund Cleanup Suit: Judge

    An Oregon federal judge on Friday found that several insurers have a duty to defend in a dispute over the cleanup of a Portland Superfund site, but declined to dismiss the suit because it is unclear whether The Marine Group LLC in fact holds the insurance policies at issue.

  • January 30, 2012

    Insurers Can't Scrub Asbestos Claims From Old Policies

    A Pennsylvania federal judge on Monday rejected a request by two insurers to alter their coverage contracts with General Refractories Co. to exclude asbestos-related claims in their fight against General Refractories’ allegations that they owed it excess insurance coverage for underlying asbestos suits.

  • January 30, 2012

    Jury Blows Insurer Over With $4M Award For Property Manager

    A Florida federal jury returned a $4 million verdict Monday for Banta Properties Inc. in its $8.5 million coverage dispute with Arch Specialty Insurance Co. over whether the insurer owed the property management company for damage to apartment complexes caused by Hurricane Wilma.

  • January 30, 2012

    Blue Cross Blasts Aetna's Antitrust Allegations

    Blue Cross Blue Shield of Michigan on Friday attempted to fend off a suit lodged by fellow insurer Aetna Inc., arguing that allegations that Blue Cross contracts with hospitals to assess higher costs against its competitors don't support an antitrust case.

  • January 30, 2012

    9th Circ. Rejects Insurer's Contract Claims Against Thorpe

    The Ninth Circuit on Monday refused to force arbitration in a dispute over whether Thorpe Insulation Co.'s Chapter 11 reorganization plan, which established a $600 million trust for asbestos claims, breached a settlement agreement the company had previously reached with Continental Insurance Co.

  • January 30, 2012

    Risky Loans Cost Calif. Bank $42M, Led To Demise: FDIC

    The Federal Deposit Insurance Corp. sued the former officers of California-based County Bank in federal court Friday, claiming they authorized risky and ill-advised commercial real estate loans that cost the bank more than $42 million and led to its 2009 failure.

  • January 30, 2012

    Admiral Drops Coverage Fight With Md. Law Firm

    Admiral Insurance Co. dropped its coverage suit against Garza Regan & Associates PC in Maryland on Friday following a settlement in underlying litigation over the law firm's alleged failure to protect funds related to a real estate investment scheme.

  • January 30, 2012

    ACE Group Unit Must Split Costs Of FEMA Trailer Fire

    ACE Group affiliate Westchester Fire Insurance Co. is on the hook for half the costs of a deadly fire that broke out in a FEMA trailer after Hurricane Katrina, a Louisiana federal judge ruled Friday.

  • January 30, 2012

    MGA’s Coverage Suit Over Bratz Battle Survives

    A California federal judge on Friday refused to toss MGA Entertainment Inc.’s suit seeking millions of dollars in insurance coverage for its trade secrets battle with Mattel Inc. over the popular Bratz dolls, saying the underlying suit alleged covered advertising injuries.

  • January 30, 2012

    MetLife Failed To Pay Minimum Wage, OT: Loan Officer

    A loan officer lodged a putative class action in New York on Thursday, alleging MetLife Inc. failed to pay minimum wage and improperly classified its employees as exempt from state and federal overtime pay requirements.

  • January 27, 2012

    AIG Avoids $7M Claims Over Utah Mine Coverage

    A Utah federal judge on Friday dismissed a $7 million suit against American International Group Inc. over coverage for the 2007 Crandall Canyon Mine collapse that killed six miners, finding the court did not have jurisdiction over AIG.

  • January 27, 2012

    Health Law Can Stand Even Without Mandate: White House

    The Obama administration told the U.S. Supreme Court on Friday that the Patient Protection and Affordable Care Act could survive almost intact even if the central mandate requiring all individuals to have health insurance were deemed unconstitutional.

  • January 27, 2012

    Texas Denied Waiver On Health Reform Premium Rules

    The federal government on Friday nixed Texas' request to delay the implementation of new health care reform rules limiting what insurance companies can spend on overhead, finding that the restrictions would not destabilize the Texas health care market.

  • January 27, 2012

    Policy Dictates Insurers' Right To Restitution: Utah Court

    The Utah Supreme Court ruled Tuesday that an insurer cannot seek restitution from a policyholder unless a policy expressly allows it, giving a boost to a sports organization battling U.S. Fidelity and Guaranty Co. over a settlement in an underlying personal injury suit.

  • January 27, 2012

    McGuireWoods Snags K&L Gates Insurance, Environment Pro

    McGuireWoods LLP has snagged an insurance and environmental litigation specialist from K&L Gates LLP, expanding the commercial litigation department in its Pittsburgh office, the firm said Friday.

  • January 27, 2012

    Judge Won't Toss Same-Sex Couples' CalPERS Insurance Case

    A California federal judge on Thursday refused to toss a class action by state employees over federal tax provisions that exclude same-sex spouses and domestic partners from long-term care insurance coverage by the California Public Employees' Retirement System.

  • January 27, 2012

    Property Manager's Hurricane Wilma Coverage Suit Survives

    A Florida federal judge refused Friday to grant Arch Specialty Insurance Co.'s bid to toss an $8.5 million coverage suit for damage to apartment complexes from Hurricane Wilma, rejecting its argument that the property management company seeking coverage had no insurable interest.