Zurich American Insurance Co News

MGM Resorts Sues Zurich American Insurance for Las Vegas Shooting Defense Costs

More than 4,000 people are seeking damages from MGM Resorts International related to the Las Vegas Strip mass shooting that left 58 people dead, the casino giant said in a lawsuit alleging its insurance company has failed to pay promised …

Ratings of Minnesota’s Rural Community Insurance Upgraded: A.M. Best

A.M. Best has removed from under review with developing implications and upgraded the financial strength rating to A+ (Superior) from A (Excellent) and the issuer credit rating to “aa-” from “a+” of Rural Community Insurance Co. (RCIC) in Anoka, Minn. …

Sony, Zurich Reach Settlement in PlayStation Data Breach Case in New York

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 …

Zurich Program Covers YMCAs, Camps, Jewish Community Groups

Zurich American Insurance Co. has launched a new product under its ZProgramsMatch specialty insurance program to protect YMCAs, Jewish community organizations and camps. The program, which is available through Zurich Program Administrators, offers property insurance; crime; inland marine; general liability, …

Rescission Decision Averts $43M in Damages in California Case

Attorneys representing Liberty Mutual Insurance Co. averting what could have been a $43 million payout in damages this week characterized the California court case a cautionary tale for insurers. The case is Heide Kurtz v. Liberty Mutual Ins. Co., et …

N.Y. Court: Zurich Not Obligated to Defend Sony Units in Data Breach Litigation

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 …

California Department of Insurance Settles with Zurich over Workers’ Comp

The California Department of Insurance announced a settlement with Zurich American Insurance Co. and Zurich American Insurance Co. of Illinois over what CDI alleged was improper use of workers’ compensation insurance agreements. Zurich’s agreements forced California employers to arbitrate commercial …

California Department of Insurance Files Action Against Zurich

The California Department of Insurance initiated an administrative enforcement action against two insurers – Zurich American Insurance Co. and Zurich American Insurance Co. of Illinois – for using a type of workers’ compensation insurance agreement known as a “large deductible …