A New Orleans home owner whose home was destroyed during Hurricane Katrina has won an appeal against the home owner's insurance company that denied his claim.
A federal judge's ruling in Mississippi this week that an insurance company did not have to pay for damage caused by flooding in Hurricane Katrina could affect similar lawsuits in Alabama.
Eufaula Pulpwood has settled with Lexington Insurance Company for an undisclosed amount an a bad faith claim.
Fairfax Financial Holdings Ltd. said it received a further subpoena from the Securities and Exchange Commission as part of the agency's probe into certain insurance products used to hide losses.
Berkshire Hathaway, the Omaha holding company controlled by Warren E. Buffett, said that regulators had notified Joseph P. Brandon, that they planned to file a civil fraud complaint against him in connection with a wide-ranging investigation of insurance industry abuses.
American International Group Inc., the New York insurance giant embroiled in a scandal over padded earnings, is now under attack in Boston for allegedly inflating insurance claims.
Auditors, actuaries, consultants and investment banks will be among the growing number of companies named in finite risk lawsuits, according to a leading provider of strategic information services to the commercial insurance industry.
The Securities and Exchange Commission has charged a second senior executive of General Re Corporation, Richard Napier, for his role in aiding and abetting a securities fraud committed by American International Group, Inc.
Hundreds of thousands of policyholders whose disability claims were turned down by UnumProvident are getting a second chance to collect benefits.
Today, an Escambia County jury returned a $500,000 verdict against Alfa Mutual Insurance Company for fraud. Willie Hudson and his companion, Betty Jo Phillips, accused Alfa and its agent, Allen Walston, of misrepresenting information contained on Mr. Hudson's application for a farm owners/homeowners insurance policy.
