Insurance

  • October 4, 2007

    Insurer Seeks Judgment In Settlement Spat Over $4M

    Harco National Insurance Company has asked a Manhattan court for summary judgment in a bid to recover $4 million from two other insurers in a suit centering on an $11 million payment, which went to settle the claims of a woman who was severely injured in a truck crash.

  • October 4, 2007

    Attorneys, Insurers Plan Appeal Of Hefty Sanctions

    Attorneys accused of purposely delaying and disrupting a long-running lawsuit against a group of health insurers have promised to appeal a district court judge's order that they pay a $5 million penalty for what the judge deemed evasive and unethical behavior.

  • October 1, 2007

    Ruling Brings An End To Insurance Antitrust Suit

    A district court judge has closed the book on an antitrust class action suit filed against the country's largest insurance companies, dismissing the final federal charges pending against them and refusing to allow plaintiffs the chance to amend. But a separate ERISA track in the case remains active.

  • October 3, 2007

    Q&A With Miles & Stockbridge's Kathleen Pontone

    The advent of insurance coverage for some employment law claims is making the system worse, not better, says Kathleen Pontone of Miles & Stockbridge in our series of Q&As with employment practice leaders.

  • September 27, 2007

    Nationwide Mutual Insurance Faces Collective Action

    Nationwide Mutual Insurance Co. has been slapped with a collective and class action lawsuit alleging the company broke the law by misclassifying its special investigators as exempt from state and federal wage and hour laws, and denying them benefits including overtime pay and meal and rest breaks.

  • September 25, 2007

    Insurance Practices Raise Antitrust Issues: EU Report

    The European Commission has identified several widespread practices in the business insurance industry that may be causing competition issues and issued a report highlighting problems in the reinsurance and coinsurance markets.

  • September 25, 2007

    Insurance Broker Willis Sues Lawyer Over Liability

    Insurance broker Willis North America Inc. has fought back against a suit filed against it by former client New Jersey Natural Gas Co., by filing a third party suit against the energy company’s former counsel.

  • September 24, 2007

    Ex-Farella Braun Lawyer Fights For Disability Benefits

    A former lawyer for California law firm Farella Braun & Martell LLP moved on Friday for a court to reinstate her long-term disability benefits after the firm’s life insurance company allegedly refused to recognize her disabled status despite overwhelming evidence to support it.

  • September 20, 2007

    Workers Say Metlife Forced Them To Pay Expenses

    Metropolitan Life Insurance Co. faces a purported class action from insurance agents who claim that the company illegally deducted rent, clerical support and other business expenses from their paychecks.

  • September 20, 2007

    Plaintiff Wants Out Of Insurer Kickbacks MDL Suit

    One of the plaintiffs in the multidistrict antitrust litigation against numerous insurers and brokers has signaled that it wants its particular cases remanded back to federal court in Mississippi.

  • September 20, 2007

    Papers Sealed In Cigna Case Over Eating Disorders

    A U.S. magistrate judge will allow documents to be filed under seal in a class action suit against Cigna Healthcare for allegedly violating employee benefit plan laws by denying insurance coverage for people with eating disorders.

  • September 19, 2007

    ERISA Dispute Heats Up Insurer Kickbacks Suit

    Plaintiffs in the massive consolidated antitrust litigation against a group of insurers and brokers have renewed their battle to keep ERISA claims in the litigation, arguing that ERISA's strict requirements for fiduciaries are intended to protect workers and cannot be “so easily avoided.”

  • September 19, 2007

    Swiss Re Pays Up To Silence Short Sales Suit

    A subsidiary of Swiss Reinsurance Co. on Tuesday agreed to fork over $550,000 in disgorgement and penalties to settle a short-selling suit brought by the U.S. Securities and Exchange Commission under its newly beefed-up Rule 105.

  • September 19, 2007

    AIG Sued For Allegedly Misclassifying Employees

    Insurance giant American International Group Inc. has been slapped with a collective action by two of its employees, who allege that they and other office workers were misclassified as exempt from federal overtime pay requirements.

  • September 18, 2007

    Judge Stays AIG Derivative Suit

    A derivative suit filed against insurance giant American International Group Inc. has been put on hold after a district court judge stayed the litigation pending the resolution of a similar matter in the Delaware Chancery Court.

  • September 17, 2007

    Judge Revives Claims In Converium Suit

    A handful of fraud claims brought against insurer Converium Holding AG have been revived, after a district court partially reversed a motion to dismiss granted earlier this year.

  • September 11, 2007

    Ex-AIG Head To Collaborate In SEC Reinsurance Probe

    Former American International Group Inc. chairman Maurice “Hank” Greenberg has reportedly agreed to testify before the U.S. Securities and Exchange Commission as part of the commission's long-running investigation into his former company's shady finite-reinsurance deals.

  • September 10, 2007

    Werner Seeks Milder Approach To Benefits Halt

    Hoping to soften the blow to some former officers and directors, bankrupt Werner Holdings Co. is seeking a modification of the unsecured creditors' recent proposal that the ladder maker stop bankrolling the medical insurance for these individuals altogether.

  • September 10, 2007

    Skadden Arps

    The attorneys in Skadden, Arps, Slate, Meagher & Flom LLP's complex mass torts and insurance litigation practice group could fill a whole day listing the group's recent successes at the negotiating table and in the courtroom, if they so desired.

  • September 6, 2007

    Refco Execs Demand Insurer Cover Their Legal Bills

    Three former top executives of fallen commodities broker Refco Inc. have asked a bankruptcy court judge to force their insurance company to advance them funds to cover the mounting costs of their defense in a variety of civil and criminal actions related to Refco's collapse.