California Insurance Commissioner Steve Poizner has sued to block the state's sale of $1 billion in assets belonging to the State Compensation Insurance Fund, asking a state court to declare efforts by the Legislature and the governor to dip into the fund unconstitutional.
Industrial-ingredient manufacturer Penford Corp. has asked a federal court to grant summary judgment in a $50 million flood insurance coverage suit, saying its insurers — which include a member company of American International Group Inc. — have misconstrued the policy language to duck their clear obligation to pay for economic losses at a Cedar Rapids, Iowa, plant damaged by June floods.
American International Group Inc. is urging a federal judge in Florida to dismiss a suit brought by the owners of the former Las Vegas Gladiators football team over premiums for a workers' compensation policy.
The U.S. Court of Appeals for the Fifth Circuit has found that Wilshire Insurance Co. had a duty to defend a construction company whose faulty foundation failed to protect a home from shifting earth, reversing a ruling from the U.S. District Court for the Western District of Texas.
The federal judge that chastised insurer Aon Corp. just days ago has done an about-face, effectively granting it most of the relief sought in connection to the dismissal of two underwriters from a lawsuit seeking to hold them responsible for excess coverage of a $2.6 million personal injury judgment.
A federal judge has ruled that Zurich American Insurance Co. must pay a transportation company $153,000 to cover the temporary relocation of its employees from its headquarters while an oil spill was cleaned up at the site.
River West LP is seeking more than $58.5 million from American Guarantee and Liability Insurance Co., claiming the insurer’s failure to cover hurricane damage caused the Louisiana medical center’s bankruptcy and subsequent demise.
Insurance companies who jilt customers out of coverage after a disaster, be warned: Phillip N. Sanov and his new team at The Lanier Law Firm are gunning for you.
Delaware's highest court has backed a lower court's decision not to dismiss a case brought by American Guarantee and Liability Insurance Co. against Intel Corp. over whether the insurer should be responsible for defending the microprocessor giant in ongoing antitrust litigation.
A Florida man accusing Hartford Underwriters Insurance Co. of illegally enforcing subrogation rights on policyholders' medical payment benefits has decided not to pursue class allegations until the court has contemplated the merits of his individual claim.
Kilpatrick Stockton LLP has bolstered its insurance litigation practice by snagging two partners from Dickstein Shapiro LLP, the firm announced Thursday.
California's insurance commissioner has challenged a plan to sell the State Compensation Insurance Fund for $1 billion as unconstitutional, vowing Thursday to sue the state's finance department over the decision to use the money to fill California's budget gap.
A federal appeals court has ruled that equipment leasing company Balboa Capital Corp. cannot cancel existing insurance agreements covering the equipment it leases without cause, reversing a district court's judgment.
WildEarth Guardians has sued the Federal Emergency Management Agency in an ongoing attack by environmental groups on the National Flood Insurance Program, which they argue encourages development at the expense of endangered species.
Chafing at the reinstatement of an arbitration panel, reinsurers Century Indemnity Co. and R&Q Reinsurance Co. are taking their dispute with Public Service Mutual Insurance Co. over coverage of a multimillion-dollar environmental claim to the U.S. Court of Appeals for the Second Circuit.
A former Enterprise Rent-A-Car Co. customer has hit the rental car company with a class action alleging it fraudulently misrepresented the terms of its personal accident insurance benefit in its marketing and sale of the policy to potential renters over the past five years.
A Minnesota appeals court has affirmed a lower court decision that established Minnesota as the proper venue, and the state's allocation method as the best way to divvy up costs, in Xcel Energy Inc.'s dispute with insurers over $120 million of environmental cleanups in Wisconsin.
As lawmakers consider proposals to create more federal oversight of the insurance industry, the U.S. Government Accountability Office has recommended that Congress work to ensure states apply more consistent licensing standards for insurance brokers, especially concerning criminal background checks.
The U.S. Judicial Panel on Multidistrict Litigation has consolidated four antitrust cases alleging that insurance companies including WellPoint Inc., Anthem Inc. and Blue Cross of California improperly calculated the usual, customary and reasonable rates of reimbursement for out-of-network health care services.
Creditors of Lyondell Chemical Co. have asked a bankruptcy judge to impose a “reasonable limit” on how much Lyondell can draw from insurance policies covering litigation against the company's directors and officers, arguing that those policies are the property of the estate and should be protected.