Insurance

  • August 5, 2011

    Insurers Seek To Douse Calif. Wildfire Coverage Suit

    Two excess insurers sought Wednesday to toss a complaint brought in California federal court by a water district seeking to win coverage of nine lawsuits that claim it designed a water supply system that was inadequate for fighting a 2008 wildfire.

  • August 5, 2011

    Fed. Circ. Urged To Revive Import Surety Bond Suit

    U.S. producers of honey, garlic, mushrooms and crawfish asked the Federal Circuit on Friday to revive a $723 million putative class action over allegedly negligent anti-dumping duty surety bonds issued by Hartford Fire Insurance Co. and others, arguing they had standing to file the suit.

  • August 5, 2011

    Insurer Settles Wells Fargo Suit Over $8M In Loans

    Spring Hill Insurance Co. and its affiliates on Wednesday resolved a Wells Fargo Bank NA breach of contract suit in Alabama over $8 million in real estate financing Wachovia Bank NA provided before it merged with Wells Fargo.

  • August 4, 2011

    FDIC Endorses Washington Mutual's Ch. 11 Plan

    The Federal Deposit Insurance Corp., the receiver for Washington Mutual Bank NA, on Wednesday declared its support for Washington Mutual Inc.'s Chapter 11 plan in Delaware bankruptcy court.

  • August 4, 2011

    Retaliation Claim Subject To 4-Year Limit: 9th Circ.

    The Ninth Circuit on Thursday held that retaliation claims under the Civil Rights Act are governed by a four-year statute of limitations, reviving part of a former Lucent Technologies Inc. employee's suit against the company and Connecticut General Life Insurance Co.

  • August 4, 2011

    Insurer Takes KB Home Coverage Row To Federal Court

    State National Insurance Co. Inc. on Tuesday removed to Colorado federal court KB Home Colorado Inc.'s suit seeking coverage for what it claims was shoddy legal representation provided by unnamed attorneys holding two State National professional liability policies.

  • August 4, 2011

    Parents Fight Lesbian Partner For Cozen Atty's Benefits

    The parents of a deceased Cozen O'Connor PC insurance attorney are fighting her lesbian partner, whom she married in Canada, for a stake in their daughter's death benefits, according to documents filed Monday in Pennsylvania federal court.

  • August 4, 2011

    UBS Units Hit Ace With $10M Suit Over Investigation Costs

    Several Puerto Rican affiliates of UBS AG slapped Ace Insurance Group with a $10 million lawsuit in New York state court Wednesday, seeking coverage of expenses racked up during federal investigations into pension bonds that UBS both underwrote and bought.

  • August 4, 2011

    Q&A With Fulbright & Jaworski's Josh Lichtman

    Attorney Joe Cotchett fits the old-school picture of the classic “plaintiff’s attorney." He at times literally stands at the podium with his arm around one of the defense counsel during argument while explaining why that defendant was (allegedly) a crook, with a twinkle in his eye acknowledging it is all a bit of showmanship, says Joshua Lichtman, a partner in the Los Angeles office of Fulbright & Jaworski LLP.

  • August 4, 2011

    3rd Circ. Revives Insurer's Plane Crash Coverage Suit

    The Third Circuit on Wednesday revived Illinois National Insurance Co.’s lawsuit against hospitality services company Wyndham Worldwide Operations Inc. seeking a judgment that one of its policies doesn’t cover a 2008 plane crash in Oregon that killed five people.

  • August 3, 2011

    Allied Shareholder Tries To Halt $175M Saga Deal

    A disgruntled Allied Healthcare Inc. investor filed a class action Monday in New York in an effort to prevent U.K.-based insurer Saga Group Ltd.’s $175 million buyout of the company.

  • August 3, 2011

    Real Estate Co. Tells 9th Circ. Allstate Should Pay $3M

    Metropolitan Business Management Inc. told the Ninth Circuit on Wednesday that a lower court erred when it denied attorneys’ fees and trimmed $1 million from a $3 million punitive damages award in the company’s successful breach of contract suit against Allstate Insurance Co.

  • August 3, 2011

    Fed. Circ. Nixes Insurer’s Suit Over $12M Navy Contract

    The Federal Circuit ruled Wednesday that the U.S. Court of Federal Claims lacked jurisdiction to hold the federal government liable for damages that Lumbermens Mutual Casualty Co. said it suffered after providing surety bonds for a $12 million U.S. Navy housing contract.

  • August 3, 2011

    3rd Circ. Nixes Doctors' Challenge To Health Care Law

    The Third Circuit on Wednesday affirmed a lower court's decision to dismiss a New Jersey-based nonprofit doctors group's challenge to the federal health care reform law's mandatory minimum insurance requirement, ruling the group did not show injury necessary for standing.

  • August 3, 2011

    Dozens Of Health Insurers Sued Over Settlement Liens

    More than 50 health insurers who offer Medicare Advantage plans were hit with a class action in New York on Monday accusing them of violating state law by imposing liens on patients who receive personal injury settlements.

  • August 3, 2011

    BofA, Others’ Payback Claims Survive In $50M Cop Fraud

    The U.S. lost a bid Tuesday to dismiss attempts by Bank of America NA, its underwriters and others to recover portions of nearly $19.3 million seized from an ex-New York City police sergeant convicted of stealing $50 million from banks through a cash transfer business.

  • August 3, 2011

    Lions Gate Seeks $8M Coverage In Icahn Suit

    Lions Gate Entertainment Corp. sued Navigators Insurance Co. in California on Tuesday seeking $8 million in costs to defend itself and one of its directors against securities claims brought by billionaire investor Carl Icahn over a convertible notes exchange.

  • August 3, 2011

    Q&A With Orrick's Steve Foresta

    I was a junior associate and said, “With all due respect, Your Honor” — because I thought that’s the way you were supposed to address a judge when you disagreed with him — and the judge cut me off. “I’ll be the one to decide whether you showed due respect,” he announced, “after you’ve finished telling me why you think I’m wrong." I learned that while it’s important to respect the judicial process at all times, there is no need to announce your intention to do so, says Stephen Foresta, a partner in the New York office of Orrick Herrington & Sutcliffe LLP.

  • August 3, 2011

    Debevoise Reps AIG Unit In $228M AeroTurbine Buy

    American International Group Inc. unit International Lease Finance Corp. said Wednesday it would buy aircraft leaser AerCap Holdings NV's AeroTurbine subsidiary — which manages planes and parts — for $228 million as it seeks to maximize the life of its fleet.

  • August 3, 2011

    Lloyd's Underwriter Can't Toss Beef Recall Coverage Suit

    A Lloyd’s of London underwriter on Tuesday lost its bid in California federal court to dismiss a suit by Ruiz Food Products Inc. seeking coverage for costs and damages from the 2010 recall of a Mexican-style beef product.