TV Installer Accuses Beazley Insurance Of Bad Faith

Law360, New York (August 23, 2010, 1:56 PM EDT) -- Southeastern Ventures Inc. has accused the Beazley Insurance Co. Inc. of bad faith as the satellite television installer seeks coverage for underlying suits accusing the company of fleecing its worker retirement plan in a stock transaction.

The London-based insurer also refused to permit the plaintiffs to retain "independent counsel" necessary to monitor the insurer's actions, according to a complaint lodged Friday in the U.S. District Court for the Southern District of Mississippi.

The Meridian, Miss.-based plaintiff, formerly known as Bruister and Associates Inc., holds a $5...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.