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Collapsed liability insurers case is industry's Enron

Insurance Day | February 18, 2004

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

Insurance Journal | February 11, 2004

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

Nashville Business Journal | February 9, 2004

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.

Fannie Mae Ceases Buying of B&C Loans with Mandatory Arbitration Clauses

National Mortgage News | February 9, 2004

WASHINTON – In order to combat predatory lending, Fannie Mae said it will stop purchasing subprime mortgages with mandatory arbitration clauses and will prohibit prepayment penalties longer then three years. The move is an extension of Fannie's American Dream Commitment plan, which focus…

When a zebra is not a horse

The National Law Journal | February 9, 2004

Plaintiffs' lawyer Robert Cunningham is a serious fisherman. Last summer, he said, after three years of trying and hearing that it couldn't be done, he landed the first fly-caught tarpon in Louisiana.

Tennessee joins class action suit against insurer

Memphis Business Journal | February 6, 2004

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

The Business Journal | January 30, 2004

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

NewsFlash | January 13, 2004

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.

Settlement reached in fatal crash

The Clayton Record | December 18, 2003

An undisclosed settlement was reached late Monday in the fatal traffic deaths of three Louisville women on Oct. 31, 2002, according to Greg Allen, of Beasley, Allen, Crow, Methvin, Portis and Miles. The trial had been set for Jan 5, 2004.