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Latest News in Insurance
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September 28, 2026
A private equity firm and a financial services business have been hit with civil racketeering claims by the holders of a combined $5 million in PHL Variable Insurance Co. policies, but whose benefits were capped at just $300,000 during a Connecticut state-managed rehabilitation effort.
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September 28, 2026
A Pennsylvania federal judge rejected an insurance broker's second attempt at challenging a $6.6 million tax penalty imposed by the Internal Revenue Service, ruling Monday that the penalty doesn't violate the company's Seventh Amendment rights.
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September 28, 2026
A Massachusetts federal judge on Monday has released AT&T from a proposed class action filed by retirees who claim the telecom company breached fiduciary duties through its $8 billion pension risk transfer, but opened discovery on allegations that AT&T's independent fiduciary, State Street, violated federal benefits law with the deal.
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September 28, 2026
A North Carolina federal court on Monday tossed a hotel group's claim that a Liberty Mutual unit committed unfair and deceptive trade practices in violation of state law after it denied the group's $12.5 million business interruption loss claim stemming from Hurricane Helene.
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September 28, 2026
An insurer for a San Francisco pharmaceutical company told a California federal court it owes no duty to defend the company in a suit from a creditor and shareholder alleging directors and officers mismanaged the company to protect their equity, saying a creditors exclusion bars coverage.
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