One in 10 low-wage workers could lose their jobs as a result of proposed “pay or play” laws which require employers to provide health insurance to their workers or pay a fine, according to a new study by Cornell University economists.
A federal judge has thrown out a proposed class action lawsuit in which a group of life insurance policy holders accused Metropolitan Life Insurance Co. of giving them lower dividends than those to which they were entitled.
A federal judge has refused to dismiss a fraud case brought by bankrupt lender American Home Mortgage Co. against property title insurance underwriter First American Title Insurance Co. arising from its alleged participation in the New Jersey Affordable Homes fraud scheme.
The second of three former RenaissanceRe Holdings Ltd. executives has raised a white flag in the U.S. Securities and Exchange Commission's suit over his alleged role in the scandal that broke when the reinsurance company allegedly cooked its books to smooth out earnings disparities.
The tangled mass of litigation arising out of Hurricanes Katrina and Rita just got a little more complicated, thanks to the Louisiana attorney general accusing a host of insurers of deliberately conspiring to keep claims payments low before, during and after the disasters.
A judge ruled on Tuesday that in a retrial of William A. Graham Co.'s copyright infringement case against an insurance brokerage firm, the jury will not be bound by the previous jury's damages calculation, which resulted in a near-$20 million award.
A class action shareholder lawsuit filed against reinsurance company Scottish Re and its underwriters will stay alive, although not intact, after a judge partially granted and partially denied the company's motion to dismiss the charges.
State Farm Insurance Co. has fired off a lawsuit against Mississippi Attorney General Jim Hood for purportedly reneging on an agreement to bury a criminal probe into the insurer's handling of Hurricane Katrina claims.
The defendants in a class action over anti-competitive conduct in the insurance industry on Friday insisted that, despite arguments from several plaintiffs, not staying the case as it goes through the appeals court would cause the multidistrict litigation to “degenerate into piecemeal litigation of common issue.”
Overturning an earlier ruling by a district court and choosing between two conflicting precedents, an appellate court ruled Friday that early retirement payments made by the University of Pittsburgh to tenured professors could be taxed by the U.S. government under the Federal Insurance Contribution Act.
JMIC Life Insurance Co. will pay $45 million to settle a class action lawsuit alleging it did not refund customers their unearned insurance premiums.
A suit the U.S. Securities and Exchange Commission filed last year against the two owners of a benefit counseling service and insurance agency for their alleged investment Ponzi scheme has ballooned into criminal charges of mail fraud and lying to the agency, the SEC said Thursday.
Six homebuilders, including Pulte Homes Inc., KB Home and Beazer Homes USA Inc., will pay almost $1.4 million to resolve a U.S. Department of Housing and Urban Development probe into allegations that title insurance companies paid kickbacks to the builders in exchange for referrals.
A bankruptcy court on Monday gave preliminary approval to a series of settlements between Delphi Corp. and its former employees, shareholders and insurers in a multidistrict litigation, overruling objections from numerous creditors.
Days after federal and Florida state agents raided WellCare Health Plans Inc.’s Tampa offices, the health insurance company is facing another potential threat: shareholder suits.
Insurance carrier ACE Group Holdings Inc. has agreed to pay $4.5 million to settle charges that it conspired to rig bids and fix prices in the commercial insurance market, Florida's Attorney General announced Thursday.
California health care regulators have pledged to place restrictions on when insurance companies can pull health coverage after patients fall ill and recommended that insurers review an applicant’s medical history before offering a policy.
A class of 180 current and former women officers at Willis Group Holdings Ltd. has secured initial court approval for an $8.5 million settlement over charges that the insurance broker discriminated against them on the basis of gender.
Liberty Mutual Insurance Co. has asked to be dismissed from a proposed personal injury class action over a fire at a Murphy Oil USA Inc. refinery, arguing that the energy company has exhausted its insurance coverage.
Home-appliance giant Whirlpool Corp. asked a federal court on Thursday to overrule an arbitrator who ordered the company to return a health insurance surcharge paid by workers who smoked.