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Latest News in Insurance
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November 09, 2026
The receiver for defunct trucking insurer Spirit told a Nevada jury Monday that in the days after a court took control, executives of an outside company handling Spirit's business functions inserted "extraordinary" roadblocks into the process of alerting customers that the insurer was finished.
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November 09, 2026
A Seventh Circuit judge seemed skeptical Monday of a real estate company's bid to pursue insurance coverage for a settlement resolving a hotel employee's underlying evidence spoliation claim, suggesting the company may be asking the federal court to go further than any Illinois court has previously been willing.
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November 09, 2026
A former chief financial officer of Vesttoo has urged the Delaware bankruptcy court to let the insolvent Israeli fintech's insurance carriers cover more than $1.5 million in legal fees stemming from fraud-related investigations and proceedings in multiple countries, arguing the debtor's U.S. bankruptcy protection should not prevent him from accessing the insurance funds.
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November 09, 2026
A pediatric specialty practice group must pay Equitable Financial Life Insurance Co. upwards of $750,000 it received as an overpayment after the group surrendered its policies, an Illinois federal judge ruled Monday, finding the provider breached its contract by failing to surrender the funds.
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November 09, 2026
A Chicago law firm accused of failing to spot an email fraud scheme that diverted settlement funds intended to resolve an abuse suit against a church asked an Illinois state court to toss an insurer's suit, saying the carrier failed to establish that it is subrogated to the church's rights.
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