• June 3, 2009

    Insurers Can Get Medical Docs In Fraud Suits: Court

    Reversing an appellate court's opinion, the Supreme Court of Ohio has held that insurers have the right to access medical information in civil fraud actions when patients have consented broadly to releasing the records to insurers.

  • June 3, 2009

    Texas Lawmakers Left Regulator In The Lurch: AIA

    The American Insurance Association has blasted the Texas Legislature for failing to pass legislation that would have extended the operations of the Texas Department of Insurance before the latest legislative session adjourned on Monday.

  • June 3, 2009

    La. College's $103M Katrina Coverage Suit Survives

    A federal judge has refused an excess insurer’s bid to dismiss claims brought by a Louisiana liberal arts college seeking to force its insurers to cover $103 million in Hurricane Katrina damage.

  • June 3, 2009

    Obama Pushes For Quick Action On Health Care

    President Barack Obama has said he remains "confident" that legislators will pass health care reform legislation by the end of the year and urged action on the issue before Congress goes into recess in August.

  • June 3, 2009

    Forge Must Foot Defense Bill In EEOC Case: 7th Circ.

    A federal appeals court has ruled that Forge Industrial Staffing Inc. can’t obtain coverage for counsel selected without the approval of its insurer, National Casualty Corp., to defend discrimination claims before the U.S. Equal Employment Opportunity Commission.

  • June 3, 2009

    Key Energy Beats Insurer In Race To File Suit

    Despite late-night filing efforts of legal staff, a federal judge has ruled that insurer Twin City Fire Insurance Co. lost a first-to-file race in a dispute with Key Energy Services Inc. over coverage for securities lawsuits, ordering the case to be transferred.

  • June 3, 2009

    AIG Accuses Starr Of Trying To Stoke Bonus Fire

    American International Group Inc. is seeking to ban evidence about its employee bonuses that sparked a public outcry from its upcoming civil trial with Starr International Co., the investment firm managed by former AIG CEO Maurice “Hank” Greenberg.

  • June 3, 2009

    Amlin To Buy Dutch Fortis Insurance Unit For €350M

    London-based insurer Amlin PLC announced Wednesday that it would acquire Fortis Corporate Insurance NV from the Netherlands, which took control of the company last year, for €350 million ($495 million).

  • June 3, 2009

    Massey Insurance Row Sent To Arbitration In NY

    Brushing aside A.T. Massey Coal Co. Inc.’s protests, a federal judge has cleared the way for an American International Group Inc. unit to drag the coal giant into arbitration over coverage for a $267 million award to Wheeling Pittsburgh Steel Corp.

  • June 8, 2009

    Monolines' Claims Could Turn Up Heat On I-Banks

    After taking a beating over subprime-related losses, both in paying out on policies and facing angry investors in court, monoline insurers MBIA Inc. and Ambac Financial Group Inc. in spring began to hit back at the financial institutions they claim caused their problems. While the lawsuits are standard breach of contract claims in state court, they could have ramifications elsewhere.

  • June 2, 2009

    Nvidia Wants To Stop Insurer's Defective-Card Case

    Nvidia Corp. wants to fight one battle at a time, the chip maker has said in motions that seek to halt an insurer's case against it until it resolves a suit with consumers over allegedly defective graphics cards.

  • June 3, 2009

    EU Finance Ministers To Back Regulatory Overhaul

    European finance ministers are reportedly preparing to endorse a plan to revamp the European Union's financial regulatory system, a boost for the economic bloc's effort to contain risk in the wake of the global economic crisis.

  • June 3, 2009

    Concentrated Natural Gases Pollutants, Judge Says

    High concentrations of naturally occurring gases constitute a pollutant for the purposes of an insurance policy's pollution exclusion, even if they do not cause injury at lower concentrations, a district judge has ruled.

  • June 2, 2009

    Texas Lawmakers Revive Hurricane Insurance Pool

    On the eve of hurricane season, the Texas Legislature has passed a bill to recapitalize the Texas Windstorm Insurance Association, a pool of all property/casualty insurance companies authorized to write coverage in the state, whose funds were depleted in 2008 as a result of hurricanes Dolly and Ike.

  • June 2, 2009

    Insurer Seeks To Avoid Liability For Frat Hazing Death

    A lead underwriter for Lloyd's of London has asked a federal judge to declare that it need not defend or indemnify a fraternity at the University of Texas whose pledge allegedly died in an alcohol-related hazing incident because the organization violated fraternity policies and state law.

  • June 2, 2009

    Insurer Needn't Cover Faulty-Billboard Deal: Court

    Addressing a question posed by a federal court, the Supreme Court of Georgia has ruled that billboard owner Trinity Outdoor LLC cannot seek coverage for funds paid without its insurer's consent to settle a suit over an accident involving a defective billboard.

  • June 9, 2009

    Lloyd's Investors Prepare To Shed Asbestos Liability

    Long haunted by the specter of future asbestos and environmental claims, a group of investors supplying capital to Lloyd’s of London is about to get a reprieve through a deal involving Warren Buffett’s Berkshire Hathaway Inc. But insurance attorneys say the transfer has loose ends and leaves open possibilities for claims going unpaid.

  • June 1, 2009

    Final OK Sought For $2M Deal In ACE Securities MDL

    Plaintiffs have sought final court approval of a nearly $2 million settlement in multidistrict class action securities litigation accusing insurer ACE Ltd. of failing to disclose its participation in contingent commission kickbacks and bid-rigging schemes.

  • June 1, 2009

    Insurer Objects To Grupo's Asarco Plan Disclosures

    Insurance company Century Indemnity Co., which may be on the hook for asbestos and other liability claims in the case, has objected to the disclosure statement for a Chapter 11 exit plan for Asarco LLC filed by the bankrupt mining company’s parent, Grupo Mexico SAB.

  • June 1, 2009

    MetLife Wants 10 General Growth Ch. 11 Cases Nixed

    Metropolitan Life Insurance Co. has asked a judge to dismiss 10 cases from General Growth Property Inc.'s Chapter 11 proceedings, arguing that the properties do not need bankruptcy protection and are using their filings to gain leverage in refinancing existing loans.