Allstate Corp. has sued Bank of America Corp., its Countrywide lending unit and 17 other defendants for allegedly misrepresenting the risks on more than $700 million of mortgage securities it bought from Countrywide. Allstate, the largest publicly traded U.S. home …
The top insurance stories in the Southeast in 2010 included several disasters that caused considerable death and destruction in the region and one that didn’t do as much harm as feared. The April 20 blowout of BP’s Macondo well while …
Accounting firm Ernst & Young was sued by New York prosecutors over allegations it helped to hide Lehman Brothers’ financial problems, in the first major government legal action stemming from the Wall Street company’s 2008 downfall. The civil fraud case …
A woman was indicted last week in the Eastern District of Louisiana for allegedly filing fraudulent claims for compensation due to the Deepwater Horizon oil spill. Four other individuals were also charged last week in Alabama, Michigan, and Mississippi for …
Enforcement actions taken by the Texas Department of Insurance that became final during November 2010 include 10 license revocations, and fines and restitution totaling $214,632. Copies of Insurance Commissioner Mike Geeslin’s orders may be obtained by contacting TDI’s Public Information …
For the past 10 years I have had the privilege of publishing an end-of-year article in Mealey’s Litigation Report: Insurance that discusses the 10 most significant insurance coverage decisions from the year gone by. Like anything that is done for …
A tobacco company that had tried to hook black children on cigarettes was ordered to pay $81 million in punitive damages to the estate and son of a Boston woman who started smoking at age 13, in what an attorney …
Have you ever wondered what big events helped shape regulation of the current U.S. insurance industry? Or if drivers of certain cars have more risk? What about the most attractive insurance job in the industry? These are just a few …
The families of two of the eight people shot and killed at a North Carolina nursing home last year have sued, saying the home didn’t do enough to protect residents. Seven residents and a nurse were killed and two others …
Madison, Wis., is the most secure U.S. community among large metropolitan areas (population of 500,000 or greater) according to the seventh annual Most Secure U.S. Places to Live rankings from Farmers Insurance Group of Companies. Olympia, Wash., is the most …
