Insurance Archive » April, 2012

Insurance - April, 2012

213 articles

• Costa Rican Co. Prez Convicted Of $485M Insurance Fraud
• Royal Sun Seeks $8.8M From US Over Cumberland River Flood
• MF Global Customer Can't Block Execs From $30M Coverage
• Mortgage Insurer MGIC Settles Maternity Leave Case
• 2 Classes Win Cert. In Insurance Overcharge Suit, As AIG Exits
• Wall Street Groups Say Risk Rule Shouldn't Cover Nonbanks
• WellCare's $138M Medicaid Fraud Payout Gets Judge's OK
• A Lesson For Insurance Cos.: Be (Due) Diligent
• Everest Balks At Pipeline Defect Settlement Coverage
• Insurers Sue To Exit $37M Suit Over Faulty Construction
• Insurers Try To Dump Electric Co.'s Waste Cleanup Coverage Suit
• Italian Regulators Put Brakes On Insurance Merger
• Mintz Levin Nabs Chadbourne Partner From Across Atlantic
• Valiant Sues To Deny $10M Coverage To Horizon Directors
• Fidelity Wins Verdict In $55M Suit Over Development Loan
• Insurer Can't Stop Benefits While 11th Circ. Hears Suit
• Insurer Balks At Sharing 5-Hour Energy's Defense Costs
• The 'Catch' In IRS Proposed Rules For Health Plan Fees
• Prudential's $27M Suit Over Ethanol Plants' Sale Lives On
• ACA Tempts Employers To Drop Health Plans: GOP Report
• Cruise Line Execs Demand Defense Coverage For DOJ Claims
• MetLife Targets Morgan Stanley Over $757M In Toxic RMBS
• NJ Mayor Charged With Attempted Extortion
• American Safety Triumphs In Construction Flaw Coverage Row
• US Subcontractor Wants Insurer To Cover Iraqi Casualties
• Insurers Will Issue $1.3B In Rebates Under ACA, Study Says
• Filling In The Gaps For Excess Insurance Coverage
• Operationalizing Law Department Performance Metrics
• Insurance Broker Can Challenge Damages For Skyscraper Fire
• 2nd Circ. Will Hear AIG's $10B RMBS Suit Against BofA
• Ex-AIG Atty Says Firing Was Racially Motivated
• Compelling Arbitration — Sans Arbitration Clause
• Class Cert. Granted In Junk Fax Suit Against Insurer
• Senate To Give Flood Insurance Extension Another Shot
• Subcontractor Says It's Owed $17M For Army Base Work
• Arch Specialty Can't Dodge Construction Defect Suit
• Judge Denies Class Status To 9,000 ARIC Agents In Wage Suit
• AIG Says Plane Leasing Unit's Ex-CEO Swiped Trade Secrets
• Goldman Can't Shake Fraud Claims In $120M Abacus Suit
• Blue Cross Insurers Face Class Cert. Motions In ERISA Suit
• MassMutual Brings New RMBS Suit Against Countrywide Execs
• Insurer Off Hook For $5M Alleged BJ Services Loan Fraud
• Marsh & McLennan Takes Stake In Reinsurance Investment Co.
• Cigna Snags Mont. State Employee Health Plan Contract
• Pricing Risk: Contracting With A SIFI
• 2 Brooke Corp. Execs Must Pay $1.3M In SEC Fraud Suit
• Judge Approves New Stream's Creditor-Backed Ch. 11 Plan
• InfuPharma Targets Insurer For Avastin Defense
• MetLife Forks Over $500M To States For Unpaid Benefits
• Selective Insurance Wants Stromboli Spat Off Its Plate
• Fidelity National Wants Home Warranty Kickbacks Suit Tossed
• La. Law Firm Freed From $2.6M Insurance Suit
• FDIC Sets Cap For Resolution Authority Borrowing
• Taking A Bite Out Of Insurers' Claims Denials
• Va. High Court Upholds Steadfast's Win In AES Climate Suit
• Northwestern Mutual Nets $480M In Seattle High-Rise Sale
• Ameritox Says Rival Charged Medicare For Unnecessary Tests
• Allstate Adjusters Win Partial Class Cert. In OT Suit
• Provident Capital Admits To Reinsurance Bond Scheme
• Blue Cross Says Aetna's $2B Antitrust Damages Bid Is 'Stale'
• Fed Taps Academic Panel To Study Bank Stress Tests
• Progressive Sues To Deny Coverage Of Bank's $86M FDIC Suit
• Judge Puts MBIA Restructuring Trial On Tight Leash
• NJ Court Sinks Coverage Suit Over $15M Madoff Losses
• AIG Units, Lennar End Trade Secrets, Extortion Coverage Row
• Defining Role Of Third Parties In Withdrawal Liability
• KB Tells 11th Circ. Drywall Damage Isn't Enviro Pollution
• Primerica Buys Back $150M In Shares From Warburg
• Hartford To Credit $24M To Policyholders Over Pricing Breach
• Law Blog Owner Slams Official In 5th Circ. Speech Fight
• FGIC Gets Quick Ch. 11 Exit With Plan Confirmation
• Cigna Pattern-Or-Practice Claim Can't Beat Arbitration Pact
• Aetna Sues Surgery Center Over High Fees, Referrals
• Wells Fargo Can't Duck Blue Cross' Securities Lending Suit
• Debating Preclusion Of State Law Securities Claims
• La. Insurer Takes $105M Katrina Award To High Court
• Ex-Broncos' Injuries Outlasted Policy, Travelers Says
• A Summary Of Supreme Court PPACA Arguments
• Tailor-Made: New Title Insurance For Energy Projects
• House Committee Advances Bill Gutting Dodd-Frank Reforms
• Syncora Says $496M Toll-Road Bonds Had Hidden Potholes
• Lexington Asks For $10M Limit In Rothstein Ponzi Suit
• Court Backs $35M Asbestos Claim Denial By Bankrupt Insurer
• NY Fed Puts More AIG Bailout Assets On Auction Block
• Claims Against 5 Insurers Trimmed in Construction Suit
• Case Study: Global Re V. Equitas
• Docket Diving: Strategic Uses Of Online Docket Info
• House Looks To Save $44B By Retrieving Health Subsidy Excess
• Zurich Must Pay Some Defense Costs In Asbestos Suits
• Insurers Get Lender's Mortgage Fraud Suit Trimmed
• US Fire Says Family's $10M Madoff Loss Not Insured
• PE Firm Offers $1.3B Refinancing For Insurance Broker
• ProLink Seeks Defamation Defense From Insurer In 7th Circ.
• National Union Wins $49M Carbon Black Coverage Appeal
• MassMutual, Countrywide MBS Row Limited To Underwriters
• Electrolux Can't Douse State Farm's $12M Dryer Fire Suit
• HHS Calls Out 2 Health Insurers Over Rate Hikes
• 6 Tips For Responding To Notices Of Catastrophic Loss
• Judge Is On Nationwide's Side In Agent Contract Suit
• ELNY Liquidation Plan Gets Nod Over Beneficiaries' Protests
• UnitedHealth, Lexington End Coverage Feud In 1st Circ.
• Travelers To Pay Food Co. $3.7M In Fire Coverage Fight
• AIG Must Release Reports On Asset-Hiding Program, Judge Says
• Judge Knocks Down Manpower's $3M Building Collapse Claim
• 'Additional Insureds' Can Add To Policy Confusion
• Hoenig, Norton Join FDIC Board
• Ambac Backed $856M In Bad MBS Due To Merrill's Tricks: Suit
• Goldman, MetLife To Release Employee Diversity Reports
• Gilbert Insurance Practice Gains Fannie Mae Atty
• Auto Parts Co. Loses Bid To Scrap $28M Claim By PE Firm
• Aetna Suit Over $49M Lehman Securities Sale Survives
• Workers' Comp Group Wants Calif. Employer-Paid Rates Up 4%
• United Pet Foods Accused Of Shilling Toxic Feed
• House GOP Bill Would Gut FDIC's Big Bank Wind-Down Power
• Coverage Deal Doesn't Bar Common Insurer's Aid, NJ Court Says
• Insurer Can Rescind Fen-Phen Atty's Policy, 6th Circ. Says
• Merrill, Others Say Allstate's $456M MBS Claims Time-Barred
• FEMA Cleared To Provide Flood Insurance In Puget Sound
• Reed Smith Nabs Insurance Investment Ace From Sutherland
• Dutch Bank ABN Amro Splits, Sheds Insurance Business Unit
• Continental Wants Limits On Asbestos Coverage For Mead
• Banks Need More Imagination In Stress Tests, Report Says
• 9th Circ. Expedites DOMA Review In Same-Sex Benefits Case
• Judge Won't Stop MBIA From Deposing BofA Exec In MBS Suit
• MGA's Excess Insurers Off Hook For Bratz Defense
• 7th Circ. Nixes Bid To Revive MGIC Stock Fraud Suit
• Ryerson Not Insured For $8.5M Fraud Settlement: 7th Circ.
• Former Westernbank Chiefs Seek To Toss $176M FDIC Suit
• Epstein Fights Malpractice Claims In $400M Contract Row
• Thompson Coburn Nabs Former Ill. Appellate Justice
• Insurers Push For $15M Burn Coverage Deal Over BB&B Gripe
• Md. Legislature Advances Insurance Bills Targeting Fraud
• 6th Circ. Affirms State Farm Win In Home Health Care Case
• Cuomo Creates Health Benefit Exchange With Federal Cash
• Bond Insurer MBIA Settles Hedge Fund's Fraud Suit
• Patient Groups Demand Wider Drug Coverage On Exchanges
• Texas IP Firm Wins Coverage Fight Over Referral Suit
• CIT Sinks Gov't Claim To $5.6M In Interest On GAIC Bonds
• An Impartial Appraisal Of Insurance Policy Requirements
• Travelers Asks 8th Circ. To Make Reinsurer Share EPA Cleanup
• $2.8M Deal Capped Steel Explosion Coverage, Steadfast Says
• BorgWarner Should Cover PCB Claims, Kuhlman Contends
• SAG Demands Coverage For Deal With 'Leave It To Beaver' Star
• 6th Circ. Says No Payout For Universal Image's Office Mold
• Ex-Lincoln National Broker Wins $2M In Defamation Row
• Scottsdale Recoils At Coverage For Defective Wrinkle Meds
• Insurers Want Details On Pittsburgh Corning Ch. 11 Plan
• Force-Placed Insurance: 3 Things To Watch In 2012
• MF Global Execs Can Tap Insurance For Defense Costs
• Rothstein Accountant's Insurer Must Hand $10M To Trustee
• Deutsche Bank Hit With $38M Claim That Exec Faked Docs
• Evanston's Bratz Defense Bill Should Be $11M, Chartis Says
• Supplier's Insurer On Hook For Tainted Fish, Fireman's Says
• Twin City Dodges Most Claims In Isilon's $5M Coverage Suit
• Fed Governor Says Bank Stress Tests Will Change
• Mortgages Ltd. Officers To Get $3.7M From D&O Insurer
• Ind. Builder Sued Over Coverage For Project Sediment
• La. High Court Clears Way For $105M In Katrina Payments
• AMICO Sued For $97K Over Hearing Loss Coverage
• No Coverage For 'Leave It To Beaver' Deal, Insurer Says
• Implications Of State Auto V. Flexdar
• Judge Says Insurers Must Defend JWR In Chinese Drywall Suit
• Insurer Claims No Duty To R&D Coal For Miner's Death
• Title Insurers, Stewart Wrap Up Wind Farm Policy Fight
• Illinois National Appeals $2M Excess Trigger To 5th Circ.
• Delphi Pays $49M To Settle Investor Suit Over Buyout
• No Harm Done In Payout Suit, Prudential Tells 7th Circ.
• Insurance Implications Of Online Terms And Conditions
• MBIA Hid 'Very Dark' Loss Projections, Banks Say
• Drummond's Coke Pollution Coverage Claims Trimmed
• Reinsurers Deny Role In Alleged HSBC Kickback Scheme
• Judge Won't Delay IndyMac Exec's Deposition On Bad Loans
• Rothstein Fund Trustee, Insurers Want Hand In Deposition
• Fifth Third, BofA Got Reinsurance Kickbacks, Suits Say
• Treasury Freezes CEOs' Pay At Bailed-Out AIG, GM, Ally
• FINRA Sues Insurer Over Costs Of Ex-Director's Bias Suit
• Court Limits XL's Liability For Fiserv Home Appraisals
• Dewey Loses Structured Finance Chair To Mayer Brown
• BofA Again Fails To Combine Insurers' MBS Claims
• Zurich American Hit With Suit Over Contract Liability
• MF Global Clients Sue MFG Over $120M Policy Proceeds
• ACA Decision Should Not Delay Employer Prep For 2014
• Understanding Your Food Recall Insurance Policy
• Zurich Says Atlantic City Resort Is Hiding Its Value
• Insurer Seeks To Avoid WTC Asbestos Claims
• Force-Placed Policies Likely Gouge Homeowners, NY Says
• United Fire Asks To Dodge Coverage For Pollution Injuries
• Haight Brown Nabs Ex-Liberty Mutual Product Liability Pro
• Hartford Balks At Coverage For Hulu Privacy Suit
• Law Firm Loses Coverage Fight In 'Untimely' Malpractice Claim
• New Requirements For Audit Committees Of Texas Insurers
• Predictive Coding — Cost Savings If Investment Is Made
• Endurance Escapes Covering Consulting Group's Antitrust Fight
• Bankers Life To Pay $10.6M Over Unlicensed Broker Activity
• Ex-Mayor Can't Get Coverage For Dirty Water Suits: Ill. Court
• La. Breach Exclusion Can't Bar Tort Coverage: 5th Circ.
• Dewey Continues To Bleed Partners
• BofA, Progressive Duck Most Claims In Katrina Payment Row
• Patriarch Partners Fails To Lift Ruling In MBIA CDO Suit
• Insurers Must Foot Costs Of Developer's Crane Collapse Defense
• ReliaStar Skirts Class Action Over Loan Interest Charges
• Business Plans For Finance Cos. In Flux With SIFI Rule
• Medicare Saves $124M Through Settlement Reporting Rules
• 9th Circ. Won't Rethink Win For Thorpe's Ch. 11 Foes
• Travelers Unit Won't Cover Madoff Suits, Conn. Banks Say
• Rescind And Retain? More Like Rescind And Refund
• Fed Seeks Tighter Definition Of Cos. Governed By Dodd-Frank
• 3rd Circ. Lets Insurers Pass The Bill For Catheter-Slur Defense
• State Farm Policyholders Iron Out Hail Damage Dispute
• LandAmerica, Lloyd's Take Another Crack At $38M Deal
• FSOC Vote Could Put Key Nonbank Firms Under Fed Rule
• Ambac Goes After JPMorgan Over $200M In RMBS Losses
• Protecting Insurers From Social Media Risks