AIG’s Lavastone bought nearly 7,000 life settlements from Coventry with a total face value of $20 billion from 2001 to 2011, when AIG stopped acquiring life settlements. Read more
Given the recent significant data breaches at numerous retailers in the United States, multiple cases have addressed whether commercial general liability (CGL) insurance policies provide cov... Read more
We have mentioned this previously, but it needs to be emphasized that Alabama law does not require a nursing home to maintain medical liability insurance. This means that if a nursing home i... Read more
Citigroup Inc. has agreed to pay $110 million to thousands of homeowners who were forcibly charged expensive property insurance premiums. The class-action lawsuit, filed in the U.S. District... Read more
A jury will decide if the relationship of a unit of Berkshire Hathaway Inc. with a troubled German insurer renders it immune from liability in a lawsuit filed by Ford Motor Co. The case invo... Read more
Territorial limitation clauses can be found universally in domestic and international insurance policies. Under this coverage restriction, the policy typically covers bodily injury if the bo... Read more
An insurance agent last month received a $2.4 million verdict in his favor against Farmers Insurance Group in a trial held in Mobile, Ala. The company was accused of lying about its policy r... Read more
A Massachusetts court recently ordered a Boston chiropractor and the clinics he owns to pay millions of dollars in damages to five insurers. The companies, Encompass Insurance, Norfolk... Read more
We seldom have the opportunity to applaud efforts of the automobile industry in the Report. But when their efforts to improve the safety of their vehicles start making a difference, we shoul... Read more
In an effort to curb rising Medicaid costs, about a dozen states are starting a new budget year by reducing payments to doctors, hospitals and other health care providers that treat the poor... Read more
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