Latest Lawsuits Headlines
All the headlines from our Lawsuits Topic Page, ordered by recency.
Chase Settles Suit Over Failed Offshore Insurer
Apr 30 2001 // Chase Bank of Texas N.A. has agreed to pay $3 million to settle charges that it failed to warn regulators about a worthless policyholder trust account it set up for an allegedly fraudulent offshore insurer that collapsed...
Tortious Interference and Business Competition
Apr 30 2001 // Insurance agents are in a tough spot. They compete for business against nearly everybody: each other, banks, financial analysts, annuity companies, and—yes!—even insurers. Often, it seems that insurance agents have to...
Recent Court Decision Rocks WC System
Apr 16 2001 // On March 29, 2001, the Supreme Court of Texas decided a consolidated case of enormous importance to insurance intermediaries. In Lawrence v. CDB Services Inc., the high court said by a vote of 6-2, that employees could...
AIG, American General Talk – Pru Sues
Apr 11 2001 // The fight between AIG and Britain’s Prudential to take over Houston-based American General heated up considerably on Tuesday. AIG signed a confidentiality agreement with Am Gen, and began discussions aimed at...
MEDICAL ASSOCIATIONS SUE HMOS
Apr 2 2001 // Two Texas medical associations and dozens of individual physicians filed a federal lawsuit last week accusing health care insurers of fraud, racketeering and conspiracy, according to a report by the Dallas Morning News....
Class Action Challenges Prudential Conversion/IPO Plans
Mar 29 2001 // A lawsuit that could have far-reaching effects has been filed by policyholders of Prudential Life Insurance Co. The suit brought against the company and its directors and senior officer alleges that the directors and...
InsWeb Counter-Sues eHealthInsurance
Mar 27 2001 // InsWeb Corp. has responded to recent allegations and legal action taken by eHealthInsurance Services Inc. with a counter suit. In a filing with the U.S. District Court, Northern District of California, San Jose Division,...
UM/UIM Developments
Mar 19 2001 // Insurance covers accidents. In the legal world, we call these “fortuities”, but it all boils down to accidental happenings. First-party insurance, for example property insurance, covers financial losses...
MetLife Warns of Q1 Profit Shortfall; Hit by Discrimination Suit
Mar 14 2001 // MetLife warned Tuesday that auto and home insurance business losses would drag first quarter earnings below Wall Street expectations. The company said it would again increase rates to help cover costs. Meanwhile, five...
MP3.com Sued by Westport Insurance Corp.
Mar 8 2001 // San Diego, Calif.-based MP3.com was sued sued its insurer, Westport Insurance Corp., in U.S. District Court in Manhattan. In its lawsuit, Westport seeks judicial declaration that it is not liable for costs incurred by...
Qualcomm Settles Class Action for $11 Million
Mar 6 2001 // San Diego-based technology company Qualcomm Inc. settled a class-action lawsuit on Feb. 26 after two years of struggle with former employees. Approximately 840 employees will share the $11-million settlement, with 36 of...
EHEALTHINSURANCE SUES INSWEB
Mar 5 2001 // Online health insurance marketplace eHealthInsurance is suing InsWeb, claiming the Sacramento, Calif.-based insurance aggregator was furnishing “illegitimate” referrals for health insurance. Meanwhile, InsWeb...
Rock Group Sues Lloyd’s For Concert Reimbursement
Mar 2 2001 // Band members of the rock group Black Crowes have sued Lloyd’s in L.A. Superior Court, alleging that it has failed to reimburse the group for lost profits and expenses its members suffered when former Led Zeppelin...
Agents Sue New York Life
Mar 1 2001 // A group of ten current and former New York Life agents filed suit against the company yesterday claiming the insurer held back retirement benefits and unfairly fired more than 1,300 agents. The agents allege that when the...
Court Rules Against State Fund in Schaefer Ambulance Case
Feb 26 2001 // Seven years after an initial lawsuit was filed, the California Supreme Court made a ruling unfavorable to the California State Compensation Insurance Fund (SCIF) in the case of State Compensation Insurance Fund,...
EHealthInsurance Sues InsWeb
Feb 23 2001 // Online health insurance marketplace eHealthInsurance is suing InsWeb, claiming the Sacramento, Calif.-based insurance aggregator was furnishing “illegitimate” referrals for health insurance. Meanwhile, InsWeb...
Freighter’s Owners Sue Coast Guard
Feb 22 2001 // The Coast Guard is faced with a $96 million lawsuit in fallout from the February 1999 grounding of the freighter New Carissa in Coos Bay, Ore. The owners of the freighter claim that navigational charts omitted warnings...
Conseco Denies Lawsuit Allegations
Feb 15 2001 // Conseco Chief Executive Gary Wendt is downplaying a lawsuit filed against the company’s struggling insurance and finance firm. He denied Wednesday the suit’s allegations that it fraudulently lowered the...
Stephen King Files Suit Against Insurer
Feb 14 2001 // Popular novelist Stephen King filed a lawsuit in a Maine Superior Court against his insurer, Commercial Union York Insurance Co. The suit alleges that the insurance company failed to provide full coverage for injuries King...
METLIFE SUED BY EEOC
Feb 5 2001 // The Equal Employment Opportunity Commission filed suit in Houston against Metropolitan Life Insurance Co. based on allegations the company retaliated against an employee who complained about age discrimination. The EEOC...
