Litigation

The New York Court of Appeals ruled that a group of banks can go ahead with their lawsuit against MBIA, which questions the validity of the break-up of the insurer.

The New York Court of Appeals ruled that a group of banks can go ahead with their lawsuit against MBIA, which questions the validity of the break-up of the insurer.

Two California trade associations have filed court documents in an attempt to stop one aspect of regulations that were implemented June 27 by Insurance Commissioner Dave Jones.

Two ex-Marsh executives are accusing their former employer of making them “scapegoats” to avoid criminal prosecution by colluding with the New York attorney general to have the two indicted over allegations they engaged in an improper kickback scheme.

Tower Group Inc. says it expects $8 million in pre-tax losses from U.S. storms in April, May and early June.

Rating agency Moody’s says a recent Supreme Court ruling in favor of Wal-Mart—and the high burden of proof it puts on future plaintiffs—is credit positive for corporate America, including insurers of corporate liability.

Allstate Insurance has filed another lawsuit in New York—this time in an attempt to get back $1 million from 10 psychological services facilities that alleged were never eligible to get insurance payments.

Owners of the New York Mets say they did not look into buying insurance coverage to protect their investments with Bernard L. Madoff, now convicted for running a Ponzi scheme.