Litigation

A three-judge panel in the First District Court of Appeals in Florida denied a request from the state's insurer of last resort to dismiss a lawsuit against it based on the belief the government entity is immune.

Allstate Corp. has filed a subrogation lawsuit against Toyota Motor Corp. which seeks compensation for the more than $3 million the insurer said it paid out on accident claims related to

Ambac has sued Bank of America over the lending practices of Countrywide, the mortgage lending business the bank bought, saying the lender failed to follow its own standards when making loans.

Late last week Allstate Insurance Company was informed it is the subject of a whistleblower lawsuit filed more than three years ago.

Marsh & McLennan Companies agreed to pay Ohio $4.75 million to settle an antitrust lawsuit stemming from allegations that the company's insurance brokerage firm engaged in a bid-rigging and kickback scheme in return for lucrative contingent commissions.

Putting an end to about five years of litigation, a federal judge in Connecticut has given her final approval of a $72.5 million settlement involving The Hartford Financial Services Group.

A federal judge in New York has denied a request by American International Group (AIG) to have a securities fraud class action lawsuit against it dismissed.

In seeking directors and officers' coverage Peter G. McDonough, general counsel for Princeton University, said he is primarily concerned with defense cost certainty. "Retention is what I really care about."