Insurance

  • November 16, 2009

    State Farm Facing Class Action Over Lowball Payouts

    Florida health care providers have asked a federal judge to certify a class of plaintiffs in their lawsuit accusing State Farm Mutual Automobile Insurance Co. of improperly using a Medicare capping schedule to shortchange doctors on reimbursements for magnetic resonance imaging.

  • November 16, 2009

    Great American Off Hook For Trademark Defense Costs

    A California appeals court has upheld a victory for Great American Insurance Co. of New York in a duty-to-defend case, ruling that the “prior publication exclusion” in advertising injury policies the insurer wrote for an Asian food wholesaler applies to trademark infringement litigation.

  • November 13, 2009

    MetLife To Pay $50M To Resolve Policyholder Suits

    Metropolitan Life Insurance Co. will pay $50 million to put an end to nearly a decade of securities litigation that alleged the insurer misled and shortchanged policyholders when it became a publicly traded company in 2000.

  • November 13, 2009

    Insurer Wants Out Of Class Action Over Medical Bills

    Indian Harbor Insurance Co. has sued for a declaratory judgment in federal court, arguing that it has no duty to defend BestComp Inc. in a class action over medical providers' workers' compensation bills.

  • November 13, 2009

    Marsh & McLennan Settles Shareholder Suit For $400M

    Major insurance brokerage and consulting firm March & McLennan Cos. Inc. announced Friday that it will pay $400 million to settle a shareholder class action seeking redress for stock losses allegedly caused by the company's failure to disclose knowledge of a bid-rigging scheme.

  • November 13, 2009

    Continental Eyes Others Over $11.5M BART Tab

    With San Francisco's Bay Area Rapid Transit demanding $11.5 million still, Continental Casualty Co. is seeking to hold a subsidiary group of insurers responsible for the gap in coverage following an electrical disaster that shut down routes of BART service for several days in May 2008.

  • November 13, 2009

    NCO Faults Legal Directory In Embezzlement Suit

    After the law firm it hired to compel collections allegedly embezzled more than $1.2 million through fake expense receipts, NCO Financial Systems is going after the legal directory that recommended Trauner Cohen & Thomas LLP, and the legal directory's insurers, in hopes of recouping the loss.

  • November 13, 2009

    Insurer Fights Cox Communications Over $30M Policy

    National Union Fire Insurance Co. of Pittsburgh, Pa., has called for the summary dismissal of a claim for coverage in a $30 million suit brought by Cox Communications Inc. that seeks reimbursement for the costs of indemnifying an executive caught up in investor litigation over the collapse of Internet service provider At Home Corp.

  • November 13, 2009

    Dish's Discovery Wishes Denied In Spat With Insurers

    The insurers of Dish Network Corp. will not have to hand over a wide range of documents relating to their administration of policy contracts, after a federal judge found that the satellite provider had not met its burden to compel expanded discovery into the insurers' obligations to defend an underlying patent dispute over Dish's in-house telephone system.

  • November 13, 2009

    US Bank Sued Over $30M Loss On Securities Loans

    Woodmen of the World Life Insurance Society, a nonprofit group that serves 740,000 members and beneficiaries, has accused U.S. Bank NA of losing $30 million by mishandling proceeds from the charitable group's securities loans and breaking the lending contract.

  • November 12, 2009

    Lifeline Appeals Dismissal Of Suit Against Insurers

    Lifeline Health Group Inc. is challenging the dismissal of its case accusing AIG Domestic Claims Inc. and National Union Fire Insurance Co. of Pittsburgh, Pa. of failing to provide coverage for losses stemming from a series of suits over employment issues and the company’s health plan.

  • November 12, 2009

    Firm, Ex-Member Lose Malpractice Coverage Appeal

    A Colorado law firm has lost an attempt to undo an order that denied it insurance coverage for a malpractice claim faced by one of its former attorneys.

  • November 12, 2009

    No Sanctions For Scruggs Katrina Group In Bribe Plot

    Jailed attorney Dickie Scruggs' participation in a plot to bribe a judge in a dispute over $26.5 million in attorneys' fees for a State Farm Insurance Co. settlement doesn't mean other lawyers in the Scruggs Katrina Group — a joint venture set up to litigate Hurricane Katrina claims — should be sanctioned, the Mississippi Supreme Court said on Thursday.

  • November 12, 2009

    Scottrade Seeks $13.8M For Hack Attack Losses

    Online securities brokerage Scottrade Inc. has asked a federal court to compel a Travelers Cos. Inc. subsidiary to pony up coverage for $13.8 million in losses incurred as a result of an elaborate “hack-pump-and-dump” scheme that compromised Scottrade's computer networks.

  • November 12, 2009

    Spain Hits 6 Insurers With €120M Price-Fixing Fine

    Spain's National Competition Commission has hit six European insurance companies with a €120 million ($180 million) fine for allegedly operating a cartel to fix construction insurance prices during the Spanish housing boom from 2002 to 2007.

  • November 12, 2009

    Port Authority, Zurich American Settle 9/11 Claims

    Zurich American Insurance Co. has settled claims with the Port Authority of New York and New Jersey relating to the Sept. 11, 2001, attacks on the World Trade Center.

  • November 12, 2009

    Hartford Off The Hook For $1.4M Microsoft Judgment

    Hartford Casualty Insurance Co. is not liable to cover a $1.4 million judgment against a software importer that incurred the wrath of Microsoft Corp. for allegedly infringing its copyright with counterfeit goods, a federal judge has ruled.

  • November 11, 2009

    Travelers Settles Class Action Over Pricing Policies

    Travelers Property Casualty Insurance Co. and eight other insurers have settled a putative class action with homeowners who decried what they described as unfair pricing policies, in a deal that could also grant the plaintiffs attorneys' fees and expenses of up to $6.6 million.

  • November 11, 2009

    3rd Ave's MBIA Fraud Suit Belongs In NY: Del. Court

    A Delaware state court has tossed Third Avenue Management LLC's allegations that two subsidiaries of bond insurer MBIA Inc. defrauded debt holders in a corporate restructuring that split MBIA's public finance insurance business from its structured finance insurance business, ruling that the case should be decided in New York.

  • November 11, 2009

    W3i Keeps Up Fight For Coverage Of Billing Actions

    W3i Mobile LLC filed a notice of appeal Wednesday in its fight for defense coverage from business insurer Westchester Fire Insurance Co. for two putative class actions alleging the cell phone content provider billed customers for unauthorized charges.