The lawyer was accused of hijacking a $3.1 million settlement meant for a policyholder, from which more than $500K was siphoned before the scam unfolded.
Its no secret that California permits policyholders to assert either contract or tort remedies for an insurers breach of the implied covenant of good faith and fair dealing. Here's what that means for carriers.
James Schiro, who led Zurich Financial Services AG through the credit crisis and became Goldman Sachs Group Inc.s lead independent director, has died. He was 68.
Federal housing regulators are being urged to sue insurers and mortgage servicers over alleged overcharging for force-placed insurance on troubled homeowners during the housing crisis.
Federal housing regulators are being urged to sue insurers and mortgage servicers over alleged overcharging for force-placed insurance on troubled homeowners during the housing crisis.
Bank of America and QBE Insurance Corp have agreed to pay $228 million to settle claims that they engaged in a kickback scheme inflating the cost of insurance that homeowners were forced to buy, according to a court filing.