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Assigned Insurer Asserts Sufficient Negligence Claim Against Agents, Judge Says
RICHMOND, Va. - A mortgage insurer asserts sufficient claims for negligence, breach of fiduciary duty and breach of contract against insurance agents, a Virginia federal judge ruled April 17, finding a...
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Panel: Insurance Broker Is Not Liable To Investor For Professional Negligence
LOS ANGELES - An insurance broker wasn't liable to an investor who was unable to get coverage under a bankrupt real estate developer's business risk insurance policy for alleged vandalism and theft, a...
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Court Finds Insurance Broker Liable To Insured For Breach Of Contract,...
NEW YORK - An insurance broker breached its contract and acted negligently in failing to notify an insured that no policy existed for a certain period during which allegations that it solicited...
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Judge: Insureds' Negligent Misrepresentation Claim Against Insurance Agent Fails
ST. LOUIS - Insureds fail to sufficiently assert third-party claims for negligent failure to procure insurance and negligent misrepresentation against their insurance agent, a Missouri federal judge...
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Reinsurance Broker Owes Damages For Breach Of Contract, Judge Concludes
CHICAGO - A reinsurance broker owes $744,402.06 to the parent company of an insurer under a revenue-sharing agreement, an Illinois federal judge ruled March 29, finding that the broker breached its...
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Reinsurance Brokers Do Not Owe Insurer An Annual Fee, Panel Rules
ST. LOUIS - Reinsurance brokers do not owe an insurer an annual fee, the Eighth Circuit U.S. Court of Appeals affirmed April 1, dismissing the insurer's breach of contract lawsuit against the brokers...
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Trial Court Did Not Err In Sanctioning Insurance Agent, Appeals Panel Says
WACO, Texas - A trial court did not abuse its discretion in assessing death-penalty sanctions against a former employee of an insurance agency because the trial court tested lesser sanctions with...
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Insurer's Manager In Breach Of Contract, Federal Judge Rules
MINNEAPOLIS - A district manager for an insurance company breached his contract by writing insurance policies with a competing insurer in violation of an appointment agreement, a Minnesota federal...
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N.Y. Panel Affirms Dismissal Of Agency's Third-Party Complaint Against Insurer
BROOKLYN, N.Y. - A New York appeals panel on April 17 affirmed a lower court's dismissal of an insurance agency's third-party complaint seeking contractual indemnification from an insurer in a dispute...
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Panel Upholds Preliminary Injunction Against Insurance Broker's Former Employee
ATLANTA - The 11th Circuit U.S. Court of Appeals on March 25 affirmed a preliminary injunction entered against a former employee of an insurance broker to enforce nondisclosure and noncompetition...
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Federal Judge Denies New Trial For Insurance Agent In Kickback Lawsuit
OXFORD, Miss. - A federal judge in Mississippi denied an insurance agent a new trial on March 31 based on the agent's arguments that he was given allegedly faulty advice from his attorney in the U.S....
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9th Circuit Reverses Approval Of $45M Settlement In Credit-Reporting Class Suit
PASADENA, Calif. - The Ninth Circuit U.S. Court of Appeals on April 22 reversed approval of a $45 million settlement of a class action brought under the Fair Credit Report Act (FCRA), finding that the...
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MF Global Trustee Sues Corzine And Other Directors For Breaches Causing...
NEW YORK - The Chapter 11 trustee in the bankruptcy proceeding of MF Global Holdings Ltd. (MFGH) on April 22 sued former MFGH CEO Jon Corzine and other top executives in the U.S. Bankruptcy Court for...
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Policy's Owned Property Exclusion Bars Coverage, 8th Circuit Affirms
ST. LOUIS - The Eighth Circuit U.S. Court of Appeals on April 22 affirmed a lower court's ruling that a commercial general liability insurance policy's owned property exclusion bars coverage of the...
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2nd Circuit Vacates Copyright Holding In Light Of Supreme Court Ruling
NEW YORK - Acting on remand from the U.S. Supreme Court, the Second Circuit U.S. Court of Appeals on April 23 reversed course, holding that the first sale doctrine is available to a copyright...
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Judge: Insurers Have No Duty To Defend Against Environmental Claims
HOUSTON - An insured is not entitled to coverage for an administrative action initiated by the U.S. Environmental Protection Agency because the administrative action does not constitute a lawsuit as...
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Michigan Grand Jury To Probe Possible Crimes In Fungal Meningitis Outbreak
GRAND RAPIDS, Mich. - A Michigan appeals court on April 19 granted a petition by the state attorney general for a four-county grand jury to investigate whether crimes were committed during the...
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FTC Seeks Expedited Remand In Hospital Merger Case
ATLANTA - The Federal Trade Commission on April 18 asked the 11th Circuit U.S. Court of Appeals to issue an expedited order remanding its challenge to the merger between Georgia hospitals following the...
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6th Circuit Affirms Decision In Medicaid Payment Dispute
CINCINNATI - A Sixth Circuit U.S. Court of Appeals panel on April 22 affirmed that the U.S. Department of Health and Human Services secretary's decision to omit waiver-expansion population patients...
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ABC Wins Dismissal Of Copyright Claims In D.C. Federal Court
WASHINGTON, D.C. - Television network defendant American Broadcasting Cos. Inc. won summary judgment on copyright infringement claims on April 23, when a District of Columbia federal judge agreed that...
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