Jan

29

$ 9.35B Judgment Against Al Qaeda In Favor Of Insurers Certified As Final

January 29, 2012 | Leave a Comment

NEW YORK – A New York federal judge on Jan. 25 entered a final judgment of $ 9,351,247,965.99 against Al Qaeda and in favor of 23 insurers after adopting a magistrate judge’s finding that the insurers are entitled to treble damages under the Anti-Terrorism Act (ATA) for any claims that they reasonably paid to insureds [...]

Jan

26

9th Circuit Says Insurers Have Standing To Object To Thorpe’s Confirmed Plan

January 26, 2012 | Leave a Comment

SAN FRANCISCO – Because Thorpe Insulation Co.’s Chapter 11 plan of reorganization could harm insurance companies, the plan is not “insurance neutral” and, therefore, the insurers have standing to object to it, the Ninth Circuit U.S. Court of Appeals held Jan. 24 in reversing approval of the plan and remanding the case so the insurers’ [...]

Sep

23

7th Circuit: Insurer’s Application Of Self-Reporting Clause Wasn’t Reasonable

September 23, 2011 | Leave a Comment

CHICAGO – Upon panel rehearing, the Seventh Circuit U.S. Court of Appeals on Sept. 20 ruled that an insurer’s termination of benefits based on the disability plan’s self-reporting symptoms limitation clause was arbitrary and capricious because the claimant’s diagnosis of disabling fibromyalgia was based on medical evidence and not the claimant’s self-reported symptoms (Susie Weitzenkamp [...]

Jul

17

R.I. High Court Vacates Ruling In Insurer’s Favor In Contamination Coverage Suit

July 17, 2011 | Leave a Comment

PROVIDENCE, R.I. – There are several material disagreements regarding what occurred from the time an insured’s quarrying operation began in or about 2001, the Rhode Island Supreme Court found July 12, vacating and remanding a lower court’s grant of a commercial general liability insurer’s motion for partial summary judgment as to coverage for an underlying [...]

May

24

3rd Circuit Says Insurers Have Standing In Dispute Over Silica-Related Liabilities

May 24, 2011 | Leave a Comment

PHILADELPHIA – The Third Circuit U.S. Court of Appeals, in a divided en banc opinion, on May 4 held that insurers have standing to challenge the confirmed Chapter 11 plan of reorganization of Global Industries Technologies Inc. (GIT) and remanded the case for a Pennsylvania federal bankruptcy court to determine the legitimacy of a trust [...]