In a move that will loosen regulations on insurers, hairdressers, airlines, petrol pumps and many other types of businesses, the Italian government has passed a big package of measures to liberalize the market and heighten business competition across the country.
Famed lawyer Richard “Dickie” Scruggs will once again receive a huge payout from a class action case, taking home millions from his involvement in the Hurricane Katrina case against insurance carrier State Farm Fire & Casualty Co.
Northwest Airlines has agreed to shell out $14 million to the Pension Benefit Guaranty Corp., seeking to end a dispute over the airline’s delinquent insurance premiums for its pilot retirement plan.
A Pennsylvania insurance company has won a small victory in a securities and wrongful-termination case filed against the firm after a judge ruled that the company has the right to compel arbitration before the National Association of Securities Dealers.
In a reversal of fortune, the Missouri Court of Appeals has tossed out a $20 million jury award granted to five former State Farm Insurance agents who alleged that they were unfairly fired due to critical remarks they made regarding the company's treatment of policyholders.
In a resolution that will give thousands of insurance policyholders the chance to review and dispute their awards, State Farm Fire & Casualty Co. has agreed to pay at least $80 million to settle a class action brought by Mississippi residents who suffered damages from Hurricanes Katrina and Rita.
Europe’s businesses may be paying too much for insurance, according to an interim report released Wednesday by the European Commission.
In a setback for General Motors Corp., a United States Court has dismissed a $900 million claim against insurance company Royal & Sun Alliance Insurance Group Plc brought by the troubled auto company for asbestos-related damages.
Thousands of Stuyvesant Town and Peter Cooper Village tenants in New York on Monday filed a class action against landlords Metropolitan Life Insurance Co. and Tishman Speyer Properties LC for allegedly pocketing almost $25 million in tax breaks.
An Arizona law firm that defended a bar manager in a rape case has headed back to court to recover trial fees it claims were never paid by the bar's insurance company.
A federal appellate court ruling that pre-empted Maryland’s controversial “Wal-Mart law” may spell trouble for Gov. Arnold Schwarzenegger’s ambitious proposal requiring most employers to chip in for health coverage so all of California’s residents can be insured.
President Bush has called on Congress to greenlight a bipartisan genetic privacy bill that would prevent employers and insurance companies from exploiting genetic information.
A bankruptcy judge is set to rule next week on a dispute over an Adelphia Communications Corp. insurance policy that takes care of the founding Rigas family’s legal defense expenses.
The European Commission is seeking public comment on financial auditors’ liability, a move prompted by the growing risk of litigation and dearth of available insurance for auditors.
In a favorable 2-1 ruling for the world’s largest retailer, an appeals court has found that Maryland’s contentious “Wal-Mart law,” which would have forced the company to provide health insurance to its employees, is a violation of federal law.
GEICO General Insurance Co. and Safeco Insurance Co. of America on Tuesday argued before the U.S. Supreme Court against an appeals court’s decision that essentially made them liable for violating federal fair credit laws even when they do not do so “willfully.”
A slew of lawsuits brought by policyholders against insurance companies in the wake of Hurricane Katrina have been ordered into mediation by a Mississippi federal judge, just as the first trial over hurricane-related insurance claims ended in a defeat for the nation's largest auto and home insurer.
Dutch insurance provider ING Groep NV has been hit with a lawsuit alleging the company took kickbacks from mutual fund companies in exchange for promoting certain funds.
A superior court has approved a $423 million settlement for a class of uninsured patients who claimed hospitals in three states charged excessive medical fees.
The ever-widening stock options backdating scandal has become a major issue not only for companies and their executives, but also for insurers, many of which have identified options cases as a major source of claims for the upcoming year.