• 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.

  • June 1, 2009

    Ark. Atty Pleads Guilty To $9M Settlement Fund Theft

    Arkansas plaintiffs attorney Steven Eugene Cauley of Cauley Bowman Carney & Williams PLLC pled guilty to wire fraud and criminal contempt Monday after reaching an agreement with prosecutors over his failure to produce $9.3 million in settlement money for plaintiffs in a securities class action against insurer Bisys Group Inc.

  • June 1, 2009

    Cincinnati Insurance Settles Bank Indemnification Suit

    The Cincinnati Insurance Co. has reached a settlement with a Pennsylvania bank in a dispute over the insurer's duty to defend and indemnify the bank in securities suits brought by three school districts.

  • June 1, 2009

    IP Attys Hail Cert Grant On Bilski

    In a case that puts much at stake for innovations made by the financial services, computer software and life sciences industries, the U.S. Supreme Court has agreed to take up an appeal court’s en banc decision for In Re: Bilski that reined in which business methods are patentable. Whether they find the current ruling restrictive or overly broad, patent attorneys are keeping a watchful eye on the proceedings.

  • June 2, 2009

    Transport Co., Insurer Dodge Liability In Chemical Suit

    A federal appeals court has ruled that a transport company and its liability insurer cannot be held liable for negligence in a personal injury lawsuit brought by dock workers who suffered injuries after unloading a tractor-trailer that was tainted with the hazardous chemical sodium pentachlorophenlate.

  • June 16, 2009

    Insurer-Funded Ch. 11s Not Always Win-Win

    Insurance benefits are sometimes used in bankruptcy to help fund reorganization plans for companies beset by asbestos and other mass tort claims. But while some attorneys view the option as an all-around win, others say insurers are starting to raise concerns about the practice.

  • June 25, 2009

    Insurers Dip Toes In Carbon Market But Don't Jump In

    The number of insurance products related to renewable energy and climate change has shot up in recent years, but even so, the market for nondelivery of carbon credits has yet to get off the ground in either Europe or the U.S.

  • May 29, 2009

    Insurer Off Hook For Pa. City's Fees In Civil Rights Suit

    A federal judge has found that a Nationwide Mutual Insurance Co. unit doesn't have to cover attorneys' fees for the City of Hazleton, Pa., in a civil rights suit, but dismissed the insurer's bid for a declaration that it need not defend the city, citing an appeal in the underlying case.

  • May 29, 2009

    Geico Hit With OT Class Action

    A former Government Employees Insurance Co. claims examiner has hit the company with a proposed class and collective action that alleges the insurer shortchanges its employees as a matter of policy.

  • May 29, 2009

    Rescission Suit Against Blue Shield Dismissed

    A California judge has dismissed a case against Blue Shield of California after a state resident, who accused the health insurer of unfairly rescinding his coverage after he was reportedly injured in a car accident, stipulated that he and his wife lied on their application for health insurance.

  • May 28, 2009

    Insurer Claims Dewey's Advice Led To $1B Loss

    After recovering almost $200 million from Goldman Sachs Group Inc. and Morgan Stanley, liquidators overseeing General American Life Insurance Co. have gone after Dewey & LeBoeuf LLP, claiming the law firm's bad advice on a sale and an investment strategy cost the insurer $1 billion and led to its collapse.