The multi-billion-dollar London court action between some of the world’s biggest aircraft lessors and their insurers over jets stranded in Russia resumed in London on Monday, a development welcomed by aviation (re)insurers.
Aon has sued two former employees – Eric Braverman and Douglas Richmond – now senior vice presidents at Lockton, for breaching non-solicitation covenants, along with Lockton for encouraging them to do so.
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.