The Vermont Supreme Court has denied a bid by a manufacturer of asbestos products to bypass Vermont law in determining the allocation of losses for insurance purposes. In so doing, the Vermont court sided with Ambassador Insurance Co., which has …
The Pennsylvania Supreme Court has sided with an insurer seeking subrogation for payments it made to an injured worker before it was determined the insurer was not obligated to make the payments. The state’s highest court, in a 6-0 decision …
The cost of a $73 million settlement that gunmaker Remington Arms agreed to pay to families of victims of the Sandy Hook massacre will fall on four insurers. Ironshore, a Liberty Mutual subsidiary; James River Insurance Co., ACE (now Chubb), …
A federal judge in New York has dismissed a potential class action against Marsh & McLennan by two former employees who sued after the firm suffered a data breach in 2021. The plaintiffs, Florida residents Nancy Bohnak and Janet Lea …
In March 2021, CNA Financial Corp., one of the country’s largest insurance companies, suffered a ransomware attack from a cybercriminal group called Phoenix. The attackers pressured the insurer to pay up quickly by raising the ransom demand, claiming the data …
The Boy Scouts of America has received a green light from a judge to proceed with its $850 million reorganization plan to exit bankruptcy and settle more than 80,000 claims brought by victims of sexual abuse. The ruling by U.S. …
Insurance and benefits broker Arthur J. Gallagher is the target of a proposed class action lawsuit over a ransomware attack it suffered in 2020. The plaintiffs allege that Gallagher failed to follow federal and state government and industry standards to …
A federal judge has halted enforcement of a section of Florida’s new property insurance reform (SB 76) law that restricts the advertisements and solicitations of roofing contractors. U.S. District Judge Mark Walker granted the injunction Sunday in response to a …
Columbus, Ohio-based State Auto Insurance Companies (State Auto) and Rural Mutual Insurance Co., headquartered in Madison, Wis., have announced plans to offer auto insurance policyholders with premium relief as a result of the COVID-19 pandemic. Because of the pandemic and …
Citing a concern over “opening the floodgates” to litigation, a federal judge has dismissed a flight attendant’s negligence lawsuit against her employer, Southwest Airlines, which she blamed for her husband’s death from Covid-19. The flight attendant, Carol Madden, claimed that …