Supreme Court will hear case on High Punitive Damages

The Supreme Court on Tuesday signaled its return to the thorny issue of high punitive damages, agreeing to review a $79.5 million verdict against Philip Morris USA for the death of a single Oregon smoker.

Eufaula Pulpwood Gets Settlement

Eufaula Pulpwood has settled with Lexington Insurance Company for an undisclosed amount an a bad faith claim.

Fairfax gets Further SEC Subpoena

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.

SEC May Sue General Re Officials

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.

AIG Inflated Claims, says Local Lawsuit

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.

Expert Warns of Further Finite Risk Lawsuits

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.

Second General Re Executive Pleads Guilty in AIG Fraud Case

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.

New Study on Rising Insurance Rates and Dropping Claims

Two Leading State Attorneys General and State Insurance Commissioner Strongly Challenge the Insurance Industry's Price-Gouging of Doctors Call for Oversight.

Alabama Supreme Court Asked to Uphold Record Judgment

The state government asked the Alabama Supreme Court to uphold a record $3.5 billion judgment against Exxon Mobil, contending the oil company had a "secret scheme to cheat the state out of its bargained-for royalties."

Countrywide to settle class action Lawsuit

The parties in a class action lawsuit concerning overtime pay, meal breaks and other wage and hour claims have reached a settlement.