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The executive is charged with defrauding investors out of nearly $500mn. -
Critics claim the dispute system denies consumers' key legal rights.
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The motion claims the New York court has no jurisdiction in the case.
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State Farm is under investigation as its premiums have been rising “drastically".
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A US district judge ruled a delay could put human life and property at risk.
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The federal panel hasn’t finalized a timeline for formulating the new rules.
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Clear Blue originally filed the suit in late 2023, alleging reckless conduct and misrepresentation.
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The state’s AG said the case threatens continued offshore oil and gas operations.
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WTW claims at least two $1mn accounts were also unfairly lost to Howden.
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Jonathan Rinderknecht was arrested Tuesday on destruction of property charges.
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The executive said record operating income and returns don’t indicate Chubb is “beleaguered”.
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The charges allege “egregious delays” and “unreasonable denials” in claims.
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AIG’s filing alleges copyright and trademark breaches, as well as violations of unfair business practice laws.
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Juries don’t significantly differentiate in cases involving severe injury.
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California’s insurance regulator has Fair Plan depopulation, cat models on his mind.
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A federal judge restricted former Marsh employees from soliciting for Howden.
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The case is now headed to appellate court.
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As data privacy litigation increases, insurers increasingly lean on exclusions.
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The Berkshire subsidiary is seeking coverage for a $22mn antitrust loss.
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The annual meeting took place in Pasadena, California, miles from the site of LA wildfires.
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Ransomware claims have made up the majority of recent large losses.
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The company saw a 53% decrease in cyber claims after a surge in 2024.
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Litigation funders are promoting “aggressive” tactics in the UK, Holland and Israel.
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The carrier notified California regulators that it would stop renewing plans starting last month.
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Lawyers said uncertainty raises litigation risks, and signals from the federal government aren’t expected to help.
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The bi-partisan legislation would make FEMA a cabinet-level agency.
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The broker has filed a motion to dismiss the lawsuit by Marsh.
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James River said the court was right to dismiss the fraud case.
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The company said defendant "distraction" can’t make up for flimsy arguments.
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The violations included not using properly appointed adjusters and failing to pay claims.
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The lawsuit has been filed as sales talks with Sompo yielded a deal.
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Hasnaa El Rhermoul will be SVP at Ethos Transactional, sources said.
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The lawsuit is the third filed by MMA against Alliant in the past year.
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Parrish, now CEO of Howden US, and his colleagues said they didn’t violate contracts.
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The Delaware high court’s reasoning could find application in other cases.
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A key hearing in the poaching case is set for September 4 in New York.
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The state’s Supreme Court upheld two lower court decisions finding no liability.
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The company said the judge overlooked key issues in dismissing its fraud case.
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The company was hit with a data breach on July 16.
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The lawsuit is the latest development in the multi-billion dollar reinsurance scandal.
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The firm’s subsidiary in India paid $1.47mn in bribes to officials at state-owned banks and raised revenue of $9.2mn.
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The plaintiffs seek a declaration that part of Marsh recruits’ restrictive covenants are unenforceable.
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The suit asserts the raid will cause “incalculable harm” to the broker.
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Roughly half a year since the LA fires, brokers said there’s hope things are turning around.
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The lawsuit claims more than 100 employees left with Parrish and his three reports.
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A growing divide in business courts could impact future D&O underwriting, sources said.
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The insurers sent denial letters to the tech company as lawsuits and damages pile up well into the multi-millions.
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The automaker’s insurance arm wrote over $300mn in premium last year.
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The executive said the claims industry is going to “be transformed”.
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Litigation seeks to block insurers from passing assessment costs to consumers.
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Large accounts property remains competitive as pricing softens, Greenberg said.
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It is slim pickings for quality mega deals and the brokerage has an in-built need for speed.
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The insurer denies it is responsible for the actor’s legal fees.
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Court documents show Travelers subsidiary Northfield Insurance is the insurer.
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The alleged insurance fraud targeted anyone who could fund the settlements, argued the plaintiffs.
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The judge ruled the deal relied too heavily on Bermuda law for US law to apply.
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The class can collectively challenge State Farm’s property claims calculations.
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The suit claims billions of dollars are being illegally withheld.
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Top companies eliminated or heavily modified language related to DEI this year, analysis shows.
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He has pleaded not guilty to the criminal charges, which carry potential life sentences.
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The broker also alleges a coordinated effort undermine client confidence.
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When it comes to sympathetic juries, high net worth individuals are under the same pressure as corporations.
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At the year’s mid-point, there were 111 new SCAs filed in federal courts.
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The investigation follows several civil racketeering cases filed by Tradesman based on similar facts.
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Under the new law, vehicles will only be required to carry $100,000 in PIP per person.
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Litigation costs continue to weigh on long-tail lines, but effects of tort reform are visible.
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Early adopters of AI will see efficiencies – and likely increased market share, Kantar said.
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The ruling comes as insurers face growing legal pressures following the January blazes.
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The MGA and parent company Roosevelt Road Re have until July 21 to file a second amended complaint.
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The rules would require paid rest breaks, among other measures.
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It didn’t have a major impact on insurers’ finances – instead, it served as a wake-up call.
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Jim Williamson said litigation funding had evolved into an investment class.
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A deep-dive analysis shows LitFin is not the boogeyman this industry paints it out to be.
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Major insurance industry groups and companies have recently pressed lawmakers to include the provision.
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Marsh McLennan CEO Doyle dubbed legal system abuse a "tax” on US economy.
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Lara approved an interim rate increase for the company just weeks ago.
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The suit, filed in Florida federal court, is Uber’s second Rico case.
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Chubb told insurers to look inward in the fight against LitFin, but insurers are also tied to that industry.
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The documents figure in a potential criminal case against a CCB employee.
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The regulator said further measures could still be passed in this session.
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The panel aimed to highlight “synergies” between insurance and litigation finance.
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Companies often purchase policies with limits far exceeding their actual exposure needs.
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One measure could give regulators greater leeway to deny rate requests.
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Florida’s top regulator says he’s eyeing eventual tweaks to the state’s cat fund, too.
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Burford’s CEO said Chubb is inappropriately using its corporate power.
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The settlement requires Dellwood’s Price to write an apology to Peter Zaffino.
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The two parties seek to delay a judge’s summary judgment order.
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Previous complaints alleged their involvement, but this is the first time a complaint has identified the alleged funders.
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Litigation funding is a frequent bogeyman for the insurance industry. The feeling isn’t mutual.
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This in turn gives carriers on a tower a little more liberty and less risk to optimize claim outcomes.
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The reforms limit liability for some small businesses in the state.
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The suit names former Marsh execs Hanrahan and Andrews as defendants.
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The conference came at a particularly tumultuous time for the US insurance industry and the economy at large.
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AIG, HDI Global and others have settled. Chubb’s fight continues.
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The impact could also raise home-building costs by $10,000 per unit.
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The Lone Star State has seen rapidly increasing rates in recent years.
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A first-of-its-kind resolution adopted this week says subrogation can reduce insurance costs.
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Marsh alleges Aon also went after its clients as well as its employees.
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The law imposes limits on third-party litigation funding, among other changes.
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The suit seeks to block insurers from passing through assessment costs.
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The release followed the filing of an updated Plan of Operation.
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The suit alleges a “deliberate scheme” to deny smoke damage claims.
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The larger awards over the past two years could serve as an anchor for future verdicts.
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The tariffs could expose insurers to the risk of recession and shrinking income.
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This is shaping up to be a record year, building on momentum in 2024.
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Universal submitted allegedly ineligible claims to the Florida fund.
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The amount of change over the past year falls short versus the discourse.
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Capital funding new litigation dropped 16% YoY, however.
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The bill being considered would effectively eliminate personal injury protection.
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The decision comes after the agency refused to block a climate related vote at Travelers.
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Defendants claim that Tradesman lacks standing to bring the case.
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The judge noted similarities in Dellwood’s business plan and AIG’s.
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Both bills are now on Governor Kemp’s desk awaiting signatures.
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The Georgia verdict is one of many legal battles over Monsanto’s herbicide.
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What insurers can learn from the history that led to this deal.
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The commissioner is eyeing transparency in billing, comparative fault and non-economic damages changes.
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The regulatory changes have been championed by Governor Brian Kemp.
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The lawsuit alleges that the attorneys' negligence caused HDI to pay 64 times its policy limit.
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The Democratic senator said increased federal oversight of insurance is not the answer.
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There are signs that Florida’s insurance industry is coming under increasing legislative scrutiny.
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The industry needs to find a way to rebalance power dynamics.
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The carrier has seen increased legal system abuse in US small commercial and excess and umbrella.
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The insurer claims Jessica Balsam still holds Zurich confidential information.
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Big tort reform packages are on the table, but California steals the show, for now.
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The plaintiff claims he was fired after testifying to anti-gay harassment.
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The proposed reforms are championed by Governor Brian Kemp.
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Berkshire Hathaway’s "float" rose to $171bn in 2024 from $169bn in 2023 as Buffett praised Geico’s Todd Combs.
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Commissioner Lara calls the 10 bills a ‘comprehensive legislative package.’
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At the first Insurance Insider US Miami Forum, Floridian industry players pointed to signs of stability.
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Subsidiaries of Chubb, AIG, Travelers and The Hartford were all named in the lawsuit.
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The decision allows a $4bn settlement, threatened by insurer claims, to proceed.
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The suit accuses CEO Brian Cornell and other Target executives.
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The restructuring arrangement is designed to protect creditors.
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Anti-DEI shareholder activist groups are targeting directors and officers with increasing threats of litigation.
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James Keating received 20 months in prison and three years of supervised release.
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The AIG subsidiary says it has no obligation to “defend or indemnify” McKinsey.
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The complaint accuses a new law firm, Liakas Law, of involvement in a fraud scheme.
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A Delaware judge ruled that a “bump-up” exclusion was inapplicable.
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III also denies its CEO made anti-gay remarks or harassed a gay employee.
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Federal court securities class actions hit a four-year high last year.
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California’s crisis spurred the biggest reforms in decades.
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A California ruling could set an important precedent as other courts consider similar cases.
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A former executive claims he was terminated for reporting that III CEO Sean Kevelighan used homophobic slurs.
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The suit seeks compensatory and punitive damages from 180 defendants.
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The Federal Insurance Office has data collected from over 300 insurers.
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The regulations are part of a state effort to expand wildfire coverage.
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Ohio’s Supreme Court unanimously said the abatement fund isn’t covered by the paint maker’s insurance policies.
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The defendants allegedly issued more than 40 unauthorized insurance policies.
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Weiss Ratings has claimed that insurers are short on reserves and deny legitimate claims.
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A jury found the retailer defamed a former driver with false claims of workers’ compensation fraud.
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A separate US Chamber of Commerce report, meanwhile, put tort costs at $529bn for 2022.
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Insurers and their allies hope to capitalize on increased attention to pass a slew of reforms.
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The recently filed suit names several personal injury law firms.
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Mr Cooper Group said it was the target of a 2023 hacking attack.
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The lawsuit involves an alleged $100mn+ Ponzi scheme.
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Sinclair had $50mn in coverage through five separate cyber policies.
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The airline says the crash resulted in over $500mn in losses.
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Fleming alleges fraud and misrepresentations on the part of James River.
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Plaintiff Ionian has alleged a “fraudulent scheme” under the Rico laws.
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The plaintiff claims he was terminated for testifying to anti-gay harassment.
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The looming collapse of the city’s biggest livery insurer may not be cause for national concern.
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Current efforts to battle third-party litigation funding are focused on disclosure.
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A large number of new entrants and the growth of litigation finance challenge E&S enthusiasm.
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Insurers are fighting to recoup claims they have paid out.
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The former Lockton employee’s suit alleges sexual and gender harassment.
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The lawsuit alleges the data is being used by insurers to increase premiums.
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The insurer said Dellwood’s "spin" isn’t enough to dismiss the litigation.
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The lawsuit names additional attorneys, doctors and medical practices.
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Greg Lindberg owned four North Carolina-domiciled insurance companies.
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White Rock claims CCB was responsible for the “lion’s share” of fraudulent letters of credit.
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The lawsuit demands coverage from insurers following opioid and product liability-related settlements.
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States are grappling with first responder claims litigation as some move to expand presumptions to more worker types.
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A lawsuit filed last month by a former employee alleged sexual and gender harassment.
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While the alleged fraud is shocking, could it suggest the industry is under-investing in claims?
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The decision comes weeks before the rule was set to take effect in September.
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The suit also charges the agents with unjust enrichment and contract breach.
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The ruling only applies to a Florida retirement community.
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Independent litigation threatened a $4bn settlement with wildfire victims.
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Lawsuit claims GM unlawfully sold data to insurers collected from 1.5m drivers.
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Researchers say if this pace continues, 2024 will see approximately 224 cases.
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James River will also oppose a Fleming motion to uncover additional documents.
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Insurers and victims must reach an agreement on how to handle the proceeds.
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The unsafe products were sold on Amazon’s marketplace by third-party sellers.
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Three states passed restrictions on commercial litigation funding in 2024.
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The judge relied heavily on a previous UK court decision.
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NatGen allegedly collected $500mn associated with the fraud.
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The proposed class says the plan does not cover smoke damage.
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The first RICO complaint targeted medical providers and training centers.
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The victims claim insurers shouldn’t get settlement cash before they’re made whole.
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Lockton EVP Matthew Simmons was ordered to pay $1.9mn of the total award.
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Fleming files claims against James River, its CEO Frank D’Orazio and group CFO Sarah Doran.
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The plaintiff is seeking damages in excess of $35,000 as well as a trial by jury.
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A draft bill would require the disclosure of third-party financing in federal courts.
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AIG says new details support case that former execs launched Dellwood using confidential business information.
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This follows AIG’s voluntary dismissal of claims against Dellwood’s top execs.
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Beazley has two days to amend its complaint, correcting jurisdictional deficiencies.
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The Bermuda courts will assess Onex’s lower, revised offer for the fronting unit.
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AIG is maintaining its initial 'unlawful misappropriation' suit against Dellwood.
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Of that total, $312.5mn was allocated to resolve the PFAS claims.
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Ten companies have filed a 0% increase and at least eight companies have filed a rate decrease to take effect in 2024.
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The carrier’s comments on claims severity should serve as a warning for the industry
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Verdicts awarding more than $100mn hit a new high of 27 last year, study finds.
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The plaintiffs – three former claims adjusters – were each awarded $25mn in punitive damages.
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The agreement from Fleming to honour original terms still leaves it open to long-term damage.
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NFP claims it has so far lost five clients to Alliant, resulting in damages of $2mn.
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Fleming had attempted to land ~$78mn in ‘economic concessions’ on the deal.
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Ten states joined in the original suit.
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The global insurer also alleges breach of contract and fiduciary duty in the federal suit.
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Altamont-backed Fleming says it remains willing to acquire JRG Reinsurance.
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The six execs left Acrisure for rival broker Woodruff Sawyer in March.
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PCF claims it overpaid the first year earnout by over $19mn in the $226mn acquisition of Rice.
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Demand for funding is still seen as robust, however.
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Lockton broker Gary Giulietti said the size of the bond is "rarely, if ever, seen".
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The agency will track the potential impact of the lawsuit on James River’s ratings.
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James River sued Fleming yesterday to enforce the $277mn sale of its casualty re unit.
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Fleming has claimed breach of contract and is seeking roughly $78mn in “economic concessions”.
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Procedural expenses in the case have been as high as $100,000 per day.
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Vesttoo is unable to make a similar request again.
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The probe concluded in Q4 last year, according to Gallagher’s 10-K.
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The committee claims Chaucer waited until it had ‘maximum leverage’ over other debtors.
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As last year’s reforms shake out, only a few changes are pending for 2024.
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Rates are generally cheaper than the admitted market.
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The syndicate is suing its reinsurers to cover Covid-19-related claims in California, Colorado, Florida, Illinois, Nevada, New York and the UK.
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In total, insurers paid indemnity of $11bn and loss adjustment expenses of $1.5bn for claims closed in 2022.
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The 11th hour settlement came just days before the case was scheduled to be heard by the New Jersey Supreme Court.
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Thursday’s announcement means that the Russian insurer is off the hook for claims proceedings.
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The reforms are working for claims filed after December 2022, but attorneys are still litigating claims filed prior to the legislation.
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