Federal Insurance Co. News

Court Orders Chubb Subsidiary to Pay for Merchandise Lost in Warehouse Bankruptcy

Chubb’s Federal Insurance Co. must pay more than $2 million to a fabric company that lost 22 trailer loads of merchandise when the Mississippi warehouse company that stored it, filed for bankruptcy, sold the goods and pocketed the proceeds. A …

Michigan State Sues Insurers Over Nassar Claims Coverage; Stops Victim Payments

Michigan State University has filed suit against 13 insurance carriers over coverage of sexual assault claims by victims of now-imprisoned former sports doctor Larry Nassar. The lawsuit against the insurers was filed July 26 in Ingham County Circuit Court. Michigan …

Appeals Court Rules L.A. Lakers Not Entitled to Coverage in TCPA Suit

The U.S. Ninth Circuit court of Appeals affirmed Wednesday that the Los Angeles Lakers are not entitled to insurance coverage for class action allegations that the team violated the Telephone Consumer Protection Act. During a game the team evidently invited …

Insurer for Sandusky Charity in Pennsylvania Argues Over Payouts

An insurance company for a charity founded by Jerry Sandusky argued in a federal complaint last Friday that it should not have to pay legal expenses or claims for the former Penn State assistant football coach now accused of molesting …