Fireman's Fund Insurance Company (FFIC) and the former Transamerica Insurance Company (TIG) have been freed from a lawsuit filed by 20 individuals alleging liability for sex abuse at a foster home after a court granted their motion to dismiss.
The Court of Appeals for the Sixth Circuit has affirmed a lower court’s ruling that retail giant Home Depot is not entitled to $50mn of coverage on liability policies issued by Zurich and Great American for a settlement related to a cyber breach in 2014.
January 13 by Jonathan Stempel (Reuters) - Allstate has been sued by the state of Texas, which accused the insurer on Monday of illegally tracking drivers through their cell phones without their consent and using the data to justify charging more for car insurance.
The Delaware Superior Court has ruled that AIG, Chubb and WR Berkley units must cover the costs of a class action settlement that their D&O policyholder, Harman International, is liable to pay its shareholders.
Wuso Holding Corporation and 683 Capital Partners have filed a joint lawsuit against Bermuda-based Maiden Holding for allegedly breaching a 30-year indenture governing $152.5mn of senior unsecured 7.75 percent notes.
UK restaurant operator Tasty plc has agreed a £2.5mn ($3.1mn) settlement with its insurer over a claim for breach of an insurance contract for losses arising in 2020.
The UK Supreme Court has refused Allianz permission to appeal an important judgment on pandemic-related business interruption insurance, in what has been described as a major win for policyholders.
Premier League football club Liverpool FC has settled a long-running legal dispute with a group of UK insurers over the payment of claims related to business interruption losses suffered as a result of the Covid-19 pandemic lockdowns.
Aircraft lessor Dubai Aerospace Enterprise (DAE) has revealed that it has received cash proceeds totalling approximately $201mn over the past three months from settlements with selected insurance companies over aircraft previously on lease to airline carriers in Russia.
American Transit Insurance Company (ATIC), the largest insurer of taxis and rideshare vehicles in New York City, filed a lawsuit on Tuesday seeking over $150mn in compensatory and punitive damages from 180 defendants in the New York and New Jersey area, accusing them of conspiring to submit thousands of fraudulent insurance claims.