Topic: Coverage & Claims
Travelers Enters Settlement with ACandS, Ending “Potentially Unlimited” Exposure; Plan Includes Reinsurance Allocation
Jul 17, 2007 | Asbestos, Coverage & Claims, Reinsurance, Toxic Tort | United States
Breaking News: Government’s Indictments Against 13 KPMG Partners Dismissed
Jul 16, 2007 | Coverage & Claims, D&O Liability | United States
Judge Lewis Kaplan of the S.D.N.Y. today granted 13 of 16 KPMG partners’ motions to dismiss the indictments brought against them by federal prosecutors concerning allegedly fraudulent tax shelters at KPMG.
Read MoreGovernment Will Not Intervene in Katrina Whistleblower Lawsuit
Jul 16, 2007 | Catastrophe Claims, Coverage & Claims | United States
In a previous entry, we discussed a recent Katrina-related whistleblower suit filed in the Eastern District of Louisiana. As we discussed, the lawsuit claims that a number of insurers allegedly misrepresented claims to the National Flood Insurance Program so as to limit their exposure, and was filed by Branch Consultants on behalf of the U.S. government.
Read MoreUpdate: Federal Prosecutors and Defense Counsel Estimate Criminal Defense Costs for KPMG Partners
Jul 16, 2007 | Coverage & Claims, D&O Liability | United States
Duty to Defend Additional Insured
Jul 16, 2007 | Coverage & Claims, New York Developments | United States
District Court Orders Insurer to Produce Reinsurance, Reserve and Other Claims-Related Information
Jul 11, 2007 | Coverage & Claims, Reinsurance | United States
Non-Agreeing Defendants Must be Told of High-Low Mary Carter Agreements with Plaintiff or Risk Reversal
Jul 11, 2007 | Coverage & Claims, New York Developments | United States
The Brocade Trial: Judge Breyer Postpones Decision on Motion to Dismiss and Orders The Defense To Proceed
Jul 11, 2007 | Coverage & Claims, D&O Liability | United States
The criminal prosecution of ex-Brocade CEO Greg Reyes over Brocade’s improper accounting for backdated stock options continues today.
Read MoreSupreme Court Requires Plaintiff to Meet Stringent Pleading Standard: Under PSLRA’s “Strong Inference” Requirement, Courts Must Consider Plausible Inferences Favoring Defendants
Jul 10, 2007 | Coverage & Claims, D&O Liability | United States