Legal dispute

Scor’s $1bn US life liabilities retro arbitration with Covéa prompts analyst concerns

Uncertainty over the outcome of an arbitration dispute between Scor and Covéa over a US life liabilities quota share retrocession contract agreed in 2021 has prompted further analyst scrutiny amid ongoing concerns around the reinsurer’s life and health operations.

Cadwalader launches legal case over Beazley syndicates data breach cover denial

Law firm Cadwalader Wickersham & Taft LLP has filed a suit in North Carolina alleging wrongful denial of coverage for costs by Beazley’s Syndicates 623 and 2623 related to a data breach in November 2022.

Zodiac and founder Wash win NJ fraud ruling against former AFL CEO Finch

Zodiac Insurance Services and founder David Wash have won a partial summary judgment in their case against Robert Finch, with a New Jersey judge finding the former AFL Insurance Brokers CEO liable for fraud and negligent misrepresentation in relation to his firm’s acquisition of the US MGA and intermediary.

Quantum change to world aviation industry coming in wake of Canadian court ruling

Last month, Ontario’s Superior Court ruled in favour of the families of the victims of Ukraine International Airlines flight PS752, shot down over Tehran by the Islamic Revolutionary Guard Corps in January 2020. Here, Andrew Nicholson, CEO of Osprey Flight Solutions, predicts a pivotal moment for world aviation safety and liability.

Jury awards USI $3mn in dispute over Lockton hiring eight-strong team

USI Insurance Services has been awarded over $3mn after a jury in a Tampa, Florida-based legal case found in favour of the broker after it countersued a group of former staff who had left to join Lockton.

California court orders Lloyd’s syndicates to pay ~$18mn over bad faith claim in R&W suit

A number of Lloyd’s syndicates have been ordered to pay ~$18mn in damages to Wing Inflatables for a bad faith claims handling case in relation to a representations and warranties (R&W) claim.

Fleming sues James River over claims of fraud in JRG Re sale

Fleming Intermediate Holdings has sued James River Group along with executives Frank D’Orazio and Sarah Doran over allegations of securities fraud, common-law fraud and breach of contract in the wake of its acquisition of the specialty insurer’s treaty business JRG Re.

Finch duo handed court warning to disclose assets following AFL ruling

The founders and former leaders of AFL Insurance Brokers, Alec and Robert Finch, have received a formal warning to hand over personal financial information and to comply with a court-mandated asset freeze issued after the duo were found to have committed fraud by misrepresenting company financials.

AIG files updated suit against E&S start-up Dellwood with fresh allegations

AIG has updated its lawsuit against Dellwood Insurance Group and argued the E&S start-up’s acquisition of an Arizona shell company, wordings on its website and the hiring of staff with ties to AIG all illustrate violations of non-compete agreements.

Ex-Lockton exec files sexual harassment lawsuit against former firm

A former Lockton executive has made a series of serious sexual harassment allegations against multiple senior executives at the firm and accused the Kansas City-based intermediary of wrongful termination.

Progressive to pay $48mn to settle claims it undervalued wrecked cars

July 2 (Reuters) by Jonathan Stempel – Progressive agreed to pay $48 million to settle a class action lawsuit accusing the insurer of systematically undervaluing the claims of New York drivers whose vehicles were wrecked.

Aon and Marsh McLennan use same legal team to fight Howden in the London courts

Aon and Marsh McLennan have put aside their traditional rivalry and are using the same legal practices in their pursuit of competitor Howden in the London courts over the recent mass recruitment of their reinsurance staff, research by The Insurer demonstrates.

Howden fights to move Aon reinsurance poaching suit to Brazil

Broker Howden has urged London’s High Court to force rival Aon to bring part of its multi-million-pound poaching dispute in Brazil, arguing that claims over raids on Aon Re’s Brazilian reinsurance units “have no place” in the UK courts.

Dellwood files motion to dismiss AIG lawsuit it says is attempting to use judicial system to “crush” start-up

Dellwood Insurance Group has filed a motion to dismiss AIG’s lawsuit against it which it described as an effort by one of the largest insurers in the world to use the judicial system “as a cudgel to crush a fledgling start-up”.

Aon and Howden in two-day hearing to determine jurisdiction for raft of reinsurance hires

Aon and Howden Group will appear in a London court later today for a hearing over a poaching claim brought by the global broker against its UK rival following the latter’s raids on Aon Re’s cyber, marine and Brazilian reinsurance units in 2023.

Gallagher says Porch claims over Vesttoo placement not plausible

Arthur J Gallagher (AJG) and Gallagher Re have filed a motion to dismiss the action brought against them by Porch Group in the ongoing Vesttoo fallout arguing that AJG is not a party to the contract in question and that claims against its reinsurance intermediary fall “well short of the plausibility threshold”.

AIG win against former legal head upheld in appeals court

The former head of AIG’s legal operations centre Aaron Katzel has lost his appeal in his case against the insurer alleging that he was fired and more than $1mn of his equity awards were eliminated in retaliation for raising whistleblower concerns.

“Only connect”: Insurance contract drafting guidance from the English court

It is a truth universally acknowledged that a contract with dodgy drafting must be in need of a judge.

Insurers seek to overturn ExCeL pandemic BI test case ruling

UK insurers have returned to court in a bid to overturn a landmark Commercial Court judgment which found in favour of London’s ExCeL centre and other policyholders with “at the premises” business interruption cover.

US insurance lawsuit filing dropped in 2023 but business liability cases up

US insurance cases filed in US federal district courts dropped as a whole in 2023 but there was an increase in cases involving business liability, business interruptions, and non-hurricane homeowners policies in 2023, a Lex Machina report has shown.

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