Litigation

A man charged with burning down his beach home hours before he was supposed to give it to his estranged wife can sue the home's insurer for emotional distress, a state Appellate Court ruled Monday.

If the Dodd-Frank Act had been in place years ago, regulators probably still would not have intervened to stop problems at American International Group’s Financial Products unit, three former U.S. financial regulators said earlier this month.

The long-anticipated flood of FDIC lawsuits against directors and officers of failed banks has started, according to experts who explained the delay and the coverage issues during two recent seminars.

U.S.-based multinational companies will likely benefit from an ongoing soft insurance market, as competition for a range of coverages for these companies is expected to continue through 2011, Marsh said in a recent report.

CSST failures are annually responsible for millions of dollars in property damage across the United States, but most homeowners have little knowledge of the hidden dangers of the combination of this flexible tubing system and indirect lightning strikes.

Do Side A D&O policies add value at a time when terms of standard “ABC” policies are getting broader? Mark Paccione of Everest Specialty Underwriters argues that they do, and explains the benefits.