November 23, 2016
In a bid for quick judgment, LIG Insurance Co. told a New Jersey federal judge Tuesday that because General Electric doesn't qualify as an additional insured, no defense toward an underlying proposed class action over allegedly defective GE microwave ovens is owed, nor do the underlying damages trigger coverage.
December 16, 2015
A New Jersey federal judge on Wednesday rebuffed LIG Insurance Co. Ltd.'s contention that its dispute with General Electric over coverage for a proposed class action accusing GE of selling defective microwave ovens should be litigated in South Korea, saying evidence relevant to the key coverage issues is in the U.S.
December 01, 2014
General Electric Co. has slapped LIG Insurance Co. Ltd. with a suit in New Jersey federal court alleging the insurer acted in bad faith by refusing to cover hundreds of thousands of dollars in defense costs in a proposed class action accusing GE of selling defective microwave ovens.