Insurance

  • April 24, 2008

    Humana Faces ERISA Suit Over Pension Plan Losses

    Humana Inc. was hit on Tuesday with a proposed class action by employees who allege that the insurance company encouraged them to invest their pensions in its stock while misleading them about the stock's true value.

  • April 24, 2008

    Judge OKs Workers' Comp Deal For Sharper Image

    Sharper Image Corp. has won approval from a bankruptcy court judge authorizing the specialty retailer to enter into a financing agreement with AICCO Inc. in order to cover insurance payments for its workers' compensation policy.

  • May 21, 2008

    Genetic Anti-Bias Bill Rouses Litigation Fears

    President Bush on Wednesday signed a new bill into law that prohibits discrimination by employers and insurance companies based on genetic information. Experts say that while such bias instances are currently rare, a broad interpretation of the statute could lead to an avalanche of suits.

  • April 23, 2008

    High Court Finds ERISA Conflict Standards Unclear

    U.S. Supreme Court justices grilled attorneys but received few concrete answers during oral arguments on Wednesday over how much weight an insurance company's conflicts of interest should play in reversing a benefit plan claim rejection.

  • April 23, 2008

    Insurer Had No Duty To Defend Corus: Judge

    A federal judge has found that an insurance company was under no obligation to defend biopharmaceutical company Corus Pharma Inc. in a trade secrets case filed against it by rival Chiron Corp.

  • April 22, 2008

    Judge Chucks Fraud Claims Against State Farm

    Two weeks after booting the couple's counsel, a federal district judge has tossed Thomas and Pamela McIntosh's fraud claims against State Farm Fire & Casualty Co., unconvinced that the insurance giant manipulated engineering reports to escape paying the couple's insurance policy after Hurricane Katrina.

  • April 18, 2008

    Insurance Cos. Sue For Piece Of Vioxx Settlement

    Nearly 50 insurance companies, including Aetna Inc., UnitedHealth Group Inc. and several state Blue Cross and Blue Shield affiliates, have sued the crafters of the $4.85 billion Vioxx settlement, claiming they are being blocked from receiving their share.

  • April 17, 2008

    Case Against Viatical Insurers Survives Challenge

    Despite the best efforts of the defendants in the securities class action against Trade Partners Inc. and its executives, a district court judge has refused to dismiss allegations that they breached their fiduciary duty in the sale of viatical investments.

  • April 17, 2008

    EC Calls For Comment On Insurance Exemption

    Leaning toward dumping an antitrust exemption enjoyed by the business insurance industry, the European Commission has decided to gather public comments on the regulation that allows insurance companies to engage in certain practices that would otherwise be deemed anti-competitive.

  • April 30, 2008

    Workers Are Wary As Employers Go On Health Kick

    Hundreds of U.S. employers are combating steep health care costs with wellness programs that encourage workers to adopt a healthier lifestyle. While the potential benefits are obvious for employers – lower health insurance costs and lower absenteeism rates – the effects on employees are still unclear.

  • April 15, 2008

    WellPoint Hoping To Catch Drug Side Effects Sooner

    Health insurer WellPoint Inc. is creating a system to monitor the safety of pharmaceuticals that have received regulatory approval by tracking increases in reported health problems by people taking a particular drug.

  • April 15, 2008

    Court Sides With Insurers In Hurricane Katrina Action

    A federal appeals court has dealt a blow to Louisiana residents in their fight against major U.S. insurers over claims in the wake of Hurricane Katrina, affirming the removal of their state class action to the less-friendly federal jurisdiction.

  • April 14, 2008

    Head Of General Re Steps Down

    Following the conviction of four former executives at the company he helmed, the chairman and chief executive officer of General Reinsurance Corp. resigned effective Monday.

  • April 14, 2008

    Class Certified In FLSA Suit V. Phone Insurer

    A Tennessee federal judge has granted conditional class certification for workers at two Tennessee call centers for mobile phone insurer Asurion Corp. but refused to recognize a class of Houston workers as part of the wage-and-hour collective action.

  • April 14, 2008

    Insurers Cry Foul Over Congoleum's Chapter 11 Plan

    The long-standing battle over Congoleum Corp.'s proposed Chapter 11 plan seems to have no end in sight, with a group of insurers protesting the flooring company's plan on the grounds that it favors some asbestos claimants above others.

  • April 15, 2008

    Insurers Off The Hook In BASF Synthroid Spat

    An appeals court has done an about-face in an insurance-coverage action related to the marketing of synthetic thyroid drug Synthroid, ruling that a group of primary-insurance providers were not obligated to indemnify BASF AG for a multidistrict litigation settlement.

  • April 14, 2008

    Comcast Sues Insurers Over Hurricane Damages

    Comcast Corp. has sued several insurance companies, claiming they failed to reimburse the cable and Internet company for $14.73 million in damages and losses in Florida following Hurricane Charley in August 2004.

  • April 15, 2008

    Prosecutors’ Push For Personnel Changes Draws Fire

    Defense attorneys are troubled that federal prosecutors may have lent a hand in pushing out General Reinsurance Corp. chief Joseph Brandon, who stepped down from his post on Monday.

  • April 9, 2008

    Metropolitan Mortgage Sheds Insurance Unit For $52M

    Bankrupt Metropolitan Mortgage & Securities Inc. will sell its major asset, Western United Life Assurance Co., for $52 million to Global Life Holdings LLC, the Washington state insurance commissioner announced Monday.

  • April 10, 2008

    Court Revives Tort Firm's Case Against AIG

    An appeals court has revived a lawsuit brought by a tort law firm against American International Group Inc., ruling Wednesday that discovery issues remain unresolved in a case in which the insurer was allegedly behind a defamatory online posting meant to deter potential clients.