Legal
Southwest Risk sues founding CEO
22 May 2013
US wholesale broker ClearView Risk Holdings and its subsidiary Southwest Risk have sued former CEO and board member Bryan Wilburn after he left to set up a competitor, taking two producing brokers with him and allegedly soliciting clients… Read more
Florida court refuses to strike out QBE force-placed insurance suit
20 May 2013
A Florida district court has refused to throw out a class action suit against QBE and Bank of America that accused the pair of colluding in force-placed insurance deals… Read more
(Re)insurers urged to opt for federal not state courts
20 May 2013
US insurance lawyer Chip Birthisel has urged (re)insurers to opt for federal courts over state courts to limit the risk of anti-insurer bias from elected judges… Read more
NY court dismisses Barclays Libor claims
20 May 2013
A New York district judge has dismissed a private Libor suit against UK-headquartered Barclays bank, saying that many of the plaintiffs' claims were "non-actionable puffery"… Read more
Judge dismisses Barclays Libor claims
16 May 2013
A New York district judge dismissed a private Libor suit against UK-headquartered Barclays bank, saying that many of the plaintiffs' claims were "non-actionable puffery"… Read more
AIG can pursue multi-billion dollar BoA dispute
13 May 2013
American International Group (AIG) is now free to pursue its $7bn+ mortgage securities-related fraud claims against Bank of America following a ruling in a California district court last week… Read more
AIG can’t claim back quake losses for ‘lack of diligence’
8 May 2013
A US judge has barred a $2mn counter-claim made by American International Group (AIG), citing a "lack of diligence" on the insurer's part in asserting that a US university misrepresented its losses… Read more
Lloyd’s and Markel join $53mn retirement home suit
8 May 2013
Lloyd's underwriters and Markel subsidiary Markel Essex have joined a $53mn suit claiming they are not obliged to pay construction firm Weitz for damage to a "luxury" retirement home in Florida… Read more
Lloyd’s criticises BP-Transocean ruling
8 May 2013
A US court's decision earlier this year on the dispute between BP and Transocean could "radically" re-allot liabilities in a "significant number" of energy policy contracts, Lloyd's said at the beginning of the month… Read more
Chartis says $103mn political risk claim is invalid
30 April 2013
Chartis does not owe its policyholder CT Investment $103mn because of a bankruptcy exclusion in its political risk insurance policy, the US insurance powerhouse told a New York supreme court judge last week… Read more
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