Beasley Allen in Consumer Fraud News

Articles 1 to 10 of 12 in the Class Actions focus of the Consumer Fraud section.

Federal investigators questioning Gen Re about dealings with failed insurer ROA, Racketeering suits

OMAHA, Neb.-Berkshire Hathaway Inc. said federal investigators have made several requests for information from Berkshire subsidiary General Reinsurance Corp. related to an investigation of Glen Allen, Va.- based Reciprocal of America, a malpractice insurer that was seized by Virginia regulators in 2003 and subsequently put into liquidation.

State alleges insurer fraud:Lawsuit names Berkshire unit Seeks damages of $1 billion dollars U.S.

NASHVILLE, TENN. – Bershire Hathaway Inc.’s General Re Corp. conspired to fool regulators into allowing a failing insurance firm to stay in business, according to a $1 billion (U.S.) fraud lawsuit by the Tennessee insurance commissioner.

Reinsurance company faces lawsuits

Stamford- based General Reinsurance Corp., a reinsurance company owned by billionaire Warren Buffet’s Berkshire Hathaway Inc., is under legal fire for its alleged role in the collapse of five companies.

Collapsed liability insurers case is industry’s Enron

A lawyer leading the civil prosecution of those alleged to have caused the collapse of five US liability insurers has described the case as the insurance industry’s Enron, write Richard Banks.

Tenn. Commissioner Files Suit on Behalf of Reciprocals' Policyholders

Tennessee Insurance Commissioner Paula Flowers, Acting as liquidator for three failed malpractice insurance firms, has filed suit in U.S. District Court seeking to recover damages on behalf of the companies’ more than 50,000 former policyholders.

Insurance commissioner suing Virginia insurance company

Tennessee Insurance Commissioner Paula Flowers has filed a lawsuit in U.S. District Court against Richmond, Va. – based Reciprocal of America and its network of companies and two reinsurance companies on behalf of three failed malpractice insurance firms.

Tennessee joins class action suit against insurer

Tennessee this week joined a class action law suit against a failed malpractice insurance company, Reciprocal of America, and its ownership group which ultimately ties back to billionaire Warren Buffett.

Missouri Hospital Plan seeks repayment from insolvent insurer

Kansas City-area doctors left holding the bag because a medical malpractice insurer went out of business may not be entirely out of luck.

Dollar General to contest ruling in overtime lawsuit

NASHVILLE, Tenn. (AP) -- Discount retailer Dollar General will contest a court ruling allowing employees to opt into a lawsuit challenging the company’s decision to exclude store managers from overtime pay.

Some 10,000 doctors left with no coverage

Approximately 10,000 doctors nationwide were left without medical malpractice insurance when their insurance company stopped paying claims and went into receivership. As a result, our firm filed a lawsuit on behalf of these doctors, 800 of which are Alabama doctors, who were insured by Doctors Insur…