A district court judge has shot down a class action claiming that a group of insurance brokers and providers violated the Employee Retirement Income Security Act when they conspired to block competition and shell out kickbacks.
Seeking to keep its U.S. creditors at bay, London-based reinsurer ING Re (U.K.) Ltd. will get a chance to make its case for Chapter 15 bankruptcy protection before a U.S. judge later this month.
Bond insurance giant MBIA Inc. has been hit with a shareholder class action alleging top executives hid the company's exposure to massive losses stemming from its coverage of residential mortgage-backed securities.
Aetna Inc. filed suit Thursday against Express Scripts Inc. and subsidiary CuraScript Inc., accusing the pharmacy benefit management companies of attempting to cheat the insurance giant out of the benefits of its bargain with Express Scripts subsidiary Priority Healthcare Corp.
An appeals court has paved the way for the city of San Francisco to extend health coverage to its uninsured residents by staying a district court's earlier ruling that the city's landmark employer-funded health care program is preempted by federal law.
A former general counsel for CIFG Holding has filed a gender discrimination suit against the French financial guaranty insurer for allegedly subjecting employees to a "glass ceiling,” which prevented women from reaching senior management positions.
New Jersey trial lawyers, consumer groups and insurers are among those closely watching as the governor prepares to weigh in on a contentious bill that would open the door to wrongful death lawsuits, after the measure squeezed through the state legislature this week.
A member company of American International Group Inc. has agreed to fork over $42.5 million to clean up contamination at four industrial facilities formerly owned by Fruit of the Loom, the U.S. Department of Justice said Wednesday.
A federal judge has removed a suit brought against the Hartford Life and Annuity Insurance Co. to state court, finding that the case’s claims were not preempted by ERISA as the insurance company had argued.
A Manhattan district judge has once again given the green light to a class action settlement between Holocaust survivors and their families against Assicurazioni Generali SpA, ignoring an appellate court's fears that potential class members have not been sufficiently notified of the deal with the Italian insurer.
Lead plaintiffs in derivative litigation filed on behalf of Marsh & McLennan Cos. Inc. against its directors, alleging that they steered clients to insurers for kickbacks, are digging in their heels against another plaintiff's bid to reopen federal claims against auditor Deloitte & Touche LLP.
A trial has been delayed in a federal antitrust lawsuit against the National Collegiate Athletic Association over the costs student-athletes pay in expenses and insurance, because a settlement is near.
A California state court on Thursday granted a new hearing on whether health insurance holders could bring a class action against Blue Shield over alleged post-claim underwriting, vacating an earlier order which had certified the purported class in the case.
A federal judge has been asked to grant final approval to a $13.5 million deal between RenaissanceRe Holdings Ltd and its shareholders to resolve a class action alleging the insurer defrauded investors with misleading financial reports.
Weyerhaeuser Co. was wrong to file asbestos liability claims under coverage policies set before the people who made the claims were actually exposed, a judge has ruled, handing partial summary judgment to the lumber company's insurer, Fireman's Fund Insurance Co.
An appellate court has brought back to life a proposed class action suit against Foremost Insurance Co., ruling that claims from insurance policyholders whose property was damaged in 2004 Florida hurricanes should be heard by the district court.
Travelers Cos. Inc. has agreed to pay $77 million to put to rest a purported class action alleging insurance securities fraud resulting from the company's alleged involvement in a bid-rigging scandal, the New Mexico attorney general announced Thursday.
Travelers Companies Inc. agreed to pay $6 million to a multistate task force to resolve allegations that the company was involved in a bid-rigging and price-fixing plot in the commercial insurance market, the company and the Florida attorney general revealed Monday.
With a trial date looming, a judge has quashed a subpoena by the former chief executive of Berkshire Hathaway Inc.'s General Reinsurance for written communications between Berkshire leader Warren Buffett and leaders of the subsidiary.
A judge has dismissed a lawsuit against Phillips Petroleum Company alleging it and others conspired to intentionally misrepresent the state of Phillips' workers' compensation insurance following a fatal industrial accident.