Litigation

The World Trade Center Captive insurer said it was disappointed in a federal judge's order that it pay more to those clean up workers and uniformed services personnel sickened and injured at the World Trade Center, site after the Sept. 11, 2001 attacks.

A U.S. District Court judge has ordered Aon and Marsh insurance brokerages to negotiate a settlement for a lawsuit that alleges three former employees of Aon stole trade secrets and clients from their former employer when they joined Marsh.

Lloyd's underwriters and Arch Specialty Insurance must pay legal defense costs for accused Texas Ponzi scheme operator R. Allen Stanford, a federal appeals court has ruled.

Insurance company executives said insurers have themselves to blame for the prolonged soft market.

Researchers delivered good news to directors and officers liability insurers who cover defendants in securities lawsuits this year, revealing that the number of securities class actions plummeted in 2009.

If current trends continue, cyber insurance coverage just may take its place alongside workers' comp, general liability, fire and auto insurance in the core commercial property and casualty package.