Insurance

  • September 23, 2011

    UPMC Denies Insurer's False Ad Campaign Claims

    In a bid to dismiss Highmark Inc.'s false advertising and breach of contract suit, the University of Pittsburgh Medical Center on Thursday argued that the insurer had failed to describe any false statements it had made as part of an alleged campaign to steal Highmark's customers.

  • September 22, 2011

    Insurers Escape Coverage For $8M Fax Spam Settlement

    A Pennsylvania federal judge ruled Thursday that Maryland Casualty Co. and Cumberland Mutual Fire Insurance Co. had no duty to cover an $8 million settlement between Express Products Inc. and a class of businesses that said they were bombarded by unwanted faxes.

  • September 22, 2011

    Barbican Makes Competing Offer For Omega

    London-based Barbican Insurance Group on Thursday jumped into a mix of competing offers for Omega Insurance Holdings Ltd. as that insurer works to rebound from catastrophe-related losses, proposing that Omega acquire it in an all-share transaction.

  • September 22, 2011

    Judge OKs $9M LandAmerica Settlement With E&O Insurer

    A Virginia bankruptcy judge on Thursday approved a $9 million settlement between errors and omissions insurer Illinois Union Insurance Co. and the liquidation trustee charged with recovering money for creditors of a LandAmerica Financial Group Inc. subsidiary over the sale of auction rate securities.

  • September 22, 2011

    Amerisure Drops Suit Over Apartment Defect Coverage

    Amerisure Mutual Insurance Co. on Thursday ended its lawsuit seeking to avoid covering a Florida construction company in underlying litigation alleging water leakage and other defects at a Louisiana apartment complex because of poor workmanship.

  • September 22, 2011

    Swiss Re Units Deny Atty Conflict In Coverage Row

    Two Swiss Re Ltd. units asked a Nevada federal court Tuesday to re-examine its disqualification of attorneys affiliated with Christian Kravitz Dichter & Johnson LLC in a coverage suit against National Fire and Marine Insurance Co. over construction defects.

  • September 22, 2011

    Hanover Fights Coverage Of Labor Co. In Silica Suits

    Hanover Insurance Co. on Wednesday sued Superior Labor Services Inc. in Louisiana to avoid defending or indemnifying the company against underlying, third-party demands alleging it breached work contracts and gave rise to claims over silica exposure from sandblasting operations.

  • September 21, 2011

    Cracker Barrel Denied Coverage Of EEOC Suit Costs

    A Tennessee federal judge has held that Cracker Barrel Old Country Store Inc.'s insurer is not responsible for its legal costs stemming from a U.S. Equal Employment Opportunity Commission lawsuit, according to a ruling made public Wednesday.

  • September 21, 2011

    Office Depot Says Travelers Must Cover Patent Suits

    Office Depot Inc. sued two members of Travelers Companies Inc. in Florida federal court Wednesday seeking coverage for its defense and settlements in seven lawsuits alleging it infringed patents for online marketing technology.

  • September 21, 2011

    Akin Gump Can Stay On AIG Case For Now: NY Judge

    A New York state judge ruled Wednesday that he'll allow Akin Gump Strauss Hauer & Feld LLP to continue defending a hedge fund against securities claims brought by an American International Group Inc. affiliate even though the firm represents the insurer in other cases.

  • September 21, 2011

    Lloyd's Withdraws $215M Saudi Arabia 9/11 Action

    A Lloyd's of London unit on Monday said it would no longer pursue in Pennsylvania federal court its recently filed claims alleging the government of Saudi Arabia and others helped finance the planners of the Sept. 11 terrorist attacks.

  • September 21, 2011

    Zurich Shakes Bad Faith Claim Over Asbestos Settlement

    A federal judge on Wednesday dismissed part of a Missouri county's counterclaim against Zurich American Insurance Co. alleging a bad faith failure to settle underlying litigation over asbestos contamination at a Kansas City courthouse, finding the claim required an excess settlement.

  • September 21, 2011

    Wells Fargo Exec Dismissed From Insurer's MBS Suit

    A onetime Wells Fargo Asset Securities Corp. executive was dismissed Tuesday from Union Central Life Insurance Co.'s New York lawsuit accusing a slew of financial services companies of making false and misleading statements about loans included in devalued mortgage-backed securities.

  • September 21, 2011

    Travelers Can't Dodge Ex-Reebok CEO's $25M Theft Suit

    A Florida federal judge on Wednesday denied Travelers Casualty and Surety Insurance Co. of America's bid to dismiss a lawsuit alleging it is liable for $25 million embezzled by the indicted ex-accountant of Reebok International Ltd.'s former CEO.

  • September 21, 2011

    No New Trial For Insurer In Museum Crash Malpractice Suit

    U.S. Specialty Insurance Co. was denied a new trial Tuesday in its lawsuit claiming Tew Cardenas LLP and its former attorney gave poor legal advice that cost USSIC $8 million extra to settle with a teenager who was injured at an aircraft museum.

  • September 20, 2011

    Liberty Title Exec Gets 20 Months For Embezzlement

    A New York federal judge sentenced the co-founder of Liberty Title Agency LLC to 20 months in prison Tuesday for allegedly siphoning millions of dollars of clients' funds for his personal use, including the payment of unrelated business debts.

  • September 20, 2011

    ARCO, B&W Land $80M Verdict In Nuke Plant Coverage Suit

    A Pennsylvania jury on Monday found American Nuclear Insurers liable for $80 million in settlements Babcock & Wilcox Co. and Atlantic Richfield Co. paid to resolve hundreds of claims that radiation from their nuclear facilities gave people cancer and damaged property.

  • September 20, 2011

    Erie Owes Imperial Defense Over Emissions: Ill. Court

    Reversing a lower court, an Illinois state appeals court said Tuesday it had ruled that Erie Insurance Exchange must defend Imperial Marble Corp. in an underlying class action alleging injury from the company's manufacturing emissions, finding that a pollution exclusion doesn't bar coverage.

  • September 20, 2011

    Perkins Coie Adds 2 More Partners To Insurance Group

    Perkins Coie LLP announced Tuesday that it had added two partners from Dickstein Shapiro LLP to its insurance coverage practice in Washington.

  • September 20, 2011

    Thompson Coburn Adds Shipman & Goodwin Trade Atty

    Thompson Coburn LLP said Tuesday that it had brought over an international trade attorney from Shipman & Goodwin LLP to join its ranks in Washington.