New York’s highest court ruled on June 9 that Bank of America must disclose to an insurer communications it had with Countrywide Financial six months before the bank bought the mortgage lending company in 2008. The insurer, Ambac Assurance Corp., …
Amtrak recently reached a settlement with its primary insurers in a lawsuit in which the railroad operator sought to recoup additional proceeds for Superstorm Sandy losses from its insurers, according to court documents. Terms of the settlement were not disclosed …
The U.S. Court of Appeals for the First Circuit has revived a New Hampshire private school’s lawsuit seeking to prove that it is still covered by an insurance policy from almost 50 years ago even though there are no longer …
Sony Corp. of America and Zurich American Insurance Co. have reached a settlement in a commercial general liability (CGL) policy coverage case stemming from the April 2011 hacking of Sony’s PlayStation online services, according to court documents filed Thursday. The …
Amtrak filed a lawsuit last week against more than a dozen insurers, claiming that the railroad operator is entitled to recoup additional proceeds for Superstorm Sandy losses from its insurers. “Amtrak has filed a lawsuit against its insurance companies for …
A Pennsylvania appeals court has affirmed this month that a homeowners’ insurer has no duty to defend or indemnify in an underlying case where the policyholder’s teenage son caused an injury to a friend during horseplay. The dispute involves American …
A New York trial court recently ruled in a commercial general liability (CGL) policy coverage case that Zurich American Insurance Co. has no duty to defend Sony Corp. of America and Sony Computer Entertainment America in litigation stemming from the …
A shock wave was recently sent through the insurance agent/broker community in Connecticut. In a surprising case at the United States District Court for the District of Connecticut, O&G Industries, Inc. v. Aon Risk Services Northeast, Inc., 922 F.Supp.2d 257 …
Attorneys for Oracle Corp. are asking a Delaware judge to order an insurer to pay $20 million to cover attorney fees related to the proposed settlement of a shareholder lawsuit. The lawsuit challenged Oracle’s 2011 acquisition of Pillar Data Systems, …
Fidelity National Property & Casualty Insurance Co. was recently sued in a New York court over flood insurance policies. The suit alleges the insurer retroactively canceled flood policies for Dayton Towers Corp.’s residential buildings and reissued new policies with lower …
