Supreme Court

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  New York Drops Damages Claim in Suit Against Ex-AIG Chief

  By Jessica Dye, Reuters  |  April 26, 2013

  New York's attorney general is dropping a claim for damages in a high-profile civil lawsuit accusing former AIG CEO Maurice "Hank" Greenberg, of defrauding investors.

• Risk Retention Groups Hail ERISA ruling

  By Arthur D. Postal, PropertyCasualty360.com  |  April 18, 2013

  The risk retention group industry is hailing a seminal Supreme Court ruling Tuesday which held that self-insured group health plans are entitled to enforce the terms of their plans as written.

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  Keep Your Shirts On: Wage & Hour Coverage Arriving Just in Time

  By Chad Hemenway, PropertyCasualty360.com  |  March 29, 2013

  To the delight of those able to afford it, several markets now exist for companies looking to insure Wage and Hour (W&H) risk, which is one of if not the largest employment-related exposures in the U.S.

• Taking Flight: ‘Into the Wild, Blue Yonder!’

  By Ken Brownlee, CPCU  |  March 29, 2013

  Man has always yearned to fly, but at what expense? Risk-managing air and space involves hardware, government, and private enterprises.

• Lawsuit Alleges Paulson Hedge Fund Conspired with Goldman to Defraud Bond Insurer

  By Karen Freifeld, Reuters  |  February 1, 2013

  John Paulson's hedge fund will have to defend claims that his firm conspired with Goldman Sachs Group Inc to fraudulently induce a bond insurer to guarantee payments on risky debt, court papers show.

• Fortify Loss Control

  By Matthew S. Marrone, Esq., Colleen M. Murphy, Esq.  |  February 1, 2013

  N.Y. ruling makes it easier for insureds to sue agents

• U.S. Supreme Court to Decide Whether Willis, Others Can Be Sued over Allen Stanford Ponzi Scheme

  By Terry Baynes, Reuters, Jonathan Stempel, Reuters  |  January 21, 2013

  The Supreme Court on Friday accepted appeals by law firms that once represented convicted swindler Allen Stanford and were trying to avoid lawsuits by victims seeking to recoup losses from his $7 billion Ponzi scheme. Insurance broker Willis Group Holdings was also sued over its alleged role in the fraud.

• R&O Insurance Societies and Associations: Poised to Assist

  By Shannon Frech, PropertyCasualty360.com  |  December 1, 2012

  External pressure from government, legislation the economy and a killer storm. Internal pressure to stay profitable, no matter what’s going on outside. Independent agents and brokers are being squeezed from all sizes, and need more help than ever from the trade associations that represent them.

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  A Million-Dollar Dilemma

  By Christopher Tidball  |  October 26, 2012

  Insurance carriers that are not effectively recognizing and assessing comparative negligence could be throwing millions down the drain.

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  Judge Limits Assured Guaranty Case Against Credit Suisse

  By Karen Freifeld, Reuters  |  October 16, 2012

  A New York judge has limited the damages Assured Guaranty Corp can seek in a lawsuit accusing Credit Suisse Group AG of misrepresenting the quality of loans underlying mortgage-backed securities it insured.

• No Foundation

  By Barry Zalma  |  September 1, 2012

  House-moving disaster leads insureds to sue agents for negligence

• NFL, Insurers Scrum over Coverage for Concussion-Related Lawsuits

  By Chad Hemenway, PropertyCasualty360.com  |  August 27, 2012

  The National Football League is seeking coverage from insurers that it says have refused to provide a defense as the league faces hundreds of concussion-related lawsuits from former players—but insurers are claiming they have no duty to indemnify or defend the NFL.

• Ruling Expands Environmental Insurance Exposure in California

  By Chad Hemenway, PropertyCasualty360.com  |  August 27, 2012

  In what is being called one of the biggest Environmental insurance coverage rulings to come out of California in decades, the state’s highest court says policyholders can seek recoveries up to the policy limits and can stack multiple policies on long-tail claims.

• California Court Expands Environmental Insurance Exposure

  By Chad Hemenway, PropertyCasualty360.com  |  August 17, 2012

  In what is being called one of the biggest insurance-related environmental coverage rulings to come out of California in decades, the state’s highest court says policyholders can seek recoveries up to the policy limits and can stack multiple policies on long-tail claims.

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  Alterra Looks to Sack Defense Duty in NFL Concussion Suits

  By Chad Hemenway, PropertyCasualty360.com  |  August 15, 2012

  Alterra American Insurance Co. is seeking to officially rid itself of an obligation to defend or indemnify the National Football League in 93 concussion-related lawsuits against the league.

• After Court Battles, La. Citizens Seeks to Settle Thousands of Katrina Claims

  By Chad Hemenway, PropertyCasualty360.com  |  August 14, 2012

  Louisiana Citizens Property Insurance Corp. is attempting to fully put the past behind it by authorizing its attorneys to begin settlement talks with disgruntled policyholders from the 2005 hurricane season.