The James River Insurance Co. hit R&D Mining Coal Co. with a lawsuit in Pennsylvania federal court Friday, saying it has no duty to indemnify R&D against a suit stemming from a methane explosion that killed a miner.
A pair of land title insurers said Friday they had settled claims that Stewart Title Insurance Co. stole a prospective client by offering an illegally low rate on a $244 million policy to insure land leases for wind turbine construction.
Illinois National Insurance Co. on Monday filed in the Fifth Circuit a notice of appeal of a finding that its excess policy kicks in after another insurer spends $2 million to settle suits alleging their insured's faulty highway construction caused car accidents.
Delphi Financial Group Inc. on Monday agreed to pay $49 million to settle a consolidated shareholder class action in Delaware over Tokio Marine Holdings Inc.'s proposed $2.7 billion buyout of the insurance company.
The Prudential Insurance Co. of America told the Seventh Circuit on Monday that a putative class action plaintiff hasn’t claimed an injury in her suit alleging Prudential invested life insurance payouts without proper disclosures, as the plaintiff fought to have the suit revived.
MBIA Inc. hid “very dark” loss projections over mortgage-backed securities from New York insurance regulators before getting approval for its 2009 restructuring, a group of banks suing the bond insurer said in court documents filed publicly Monday.
An Alabama federal judge on Thursday cut some of mining giant Drummond Co. Inc.’s counterclaims in a battle with insurers who have largely refused to cover the costs of litigation over pollution from the company’s coke production operations.
Four mortgage insurers urged a California federal judge on Friday to drop them from a proposed class action alleging they took part in a kickback scheme with HSBC USA Inc.'s reinsurance unit, saying they never handled the lead plaintiff’s loan.
A California federal judge on Friday refused to delay the deposition of the former president and CEO of IndyMac Bancorp Inc.'s homebuilder division, one of several executives being accused by the Federal Deposit Insurance Corp. of contributing to IndyMac's downfall by negligently approving dozens of bad commercial loans.
The trustee of a bankrupt feeder fund involved in Scott Rothstein’s $1.2 billion Ponzi scheme and several insurance companies asked for court clearance Thursday to take part in an upcoming deposition of the jailed former attorney.
Fifth Third Bank NA was hit with a putative class action Friday alleging it reaped millions of dollars in illegal referrals from private mortgage insurers, one day after homeowners brought similar kickback claims against fellow lending giant Bank of America NA.
The U.S. Treasury Department on Friday said the chief executives at American International Group Inc., Ally Financial Inc. and General Motors Co., the only three companies that have yet to repay government bailout funds, would not see a raise this year.
The Financial Industry Regulatory Authority has sued Axis Insurance Co. for allegedly refusing to cover the regulator's defense in an ex-director's employment discrimination suit, according to a notice of removal filed Thursday.
A New York state appeals court on Thursday said XL Specialty Insurance Co. can strictly interpret its policies so that mortgage lenders using Fiserv Solutions Inc.'s computerized appraisal programs are constrained in their ability to file successful claims over inaccurate appraisals.
A New York state appeals court refused Thursday to spin off four bond insurers' claims over mortgage-backed securities they backed against Countrywide Home Loans Inc. from its parent Bank of America Corp., dealing the bank another defeat in the sprawling litigation.
Zurich American Insurance Co. on Friday removed to a Florida federal court a complaint alleging it breached an insurance contract and thus exposed general contractor Diaz/Fritz Group to millions of dollars in liability over a hospital contract.
MFG Assurance Co. Ltd. was hit with a putative class action Thursday in New York by MF Global Inc. account holders who seek a ruling that they have a priority claim to $120 million available under errors and omissions policies from the insurer affiliate.
Zurich American Insurance Co. on Wednesday sued Atlantic City's Borgata Hotel, Casino & Spa, accusing the owners of flouting the terms of an insurance policy by refusing to report the value of a new resort.
American Home Assurance Co. on Wednesday sued the Port Authority of New York and New Jersey and several contractors who helped build the World Trade Center, claiming the insurer has no duty to indemnify thousands of asbestos-related personal injury claims against the defendants.
New York's Department of Financial Services said Thursday that insurers owned by three multibillion-dollar conglomerates are likely charging homeowners too-steep rates for required policies and that some could be sending those profits back to the banks that issue home loans.