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Latest News in Insurance
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October 07, 2026
The Texas Supreme Court pressed Exxon Mobil Corp. to explain why an AIG unit should have to pay $25 million of a $35 million settlement arising from a deadly 2013 explosion at the oil giant's refinery in Beaumont, asking Wednesday if the company had control over the workers who were injured.
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October 07, 2026
Insurers for Walmart must defend the retail giant against underlying suits claiming its sale of prescription painkillers contributed to the opioid epidemic, an Arkansas state appeals court affirmed Wednesday, finding that the suits allege accidental conduct and are seeking damages because of bodily injury.
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October 07, 2026
Five excess insurers told the Fourth Circuit that Under Armour Inc. must pay prejudgment interest on its return of $90 million in advanced coverage for defense costs, arguing a Maryland federal judge erred in determining they weren't owed interest under state law.
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October 07, 2026
A group of objectors told a Connecticut federal judge they will continue to fight a $147.5 million class settlement over life insurance costs that the Second Circuit imperiled in August, writing that a retooled complaint against Lincoln National and a Cigna unit only amplifies their concerns.
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October 07, 2026
Revlon told a New York bankruptcy court that one of its insurers has reneged on a deal incorporated into the reorganized cosmetics company's Chapter 11 plan, saying the carrier is refusing to pay defense costs for thousands of bodily injury claims over the company's hair straightening products.
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