-
April 10, 2026
SEATTLE — Adding to the mixed record in a string of similar Employee Retirement Income Security Act challenges to pension risk transfers (PRTs), a Washington federal judge granted dismissal of the putative class suit with leave to amend upon concluding that Weyerhaeuser Co. retirees had standing but failed to plausibly state their claims.
-
April 09, 2026
CHARLOTTE, N.C. — A North Carolina federal judge granted the parties’ joint motion to bifurcate the sentencing hearing in criminal cases against insurance magnate Greg Lindberg in which he is awaiting sentence and restitution decisions after pleading guilty to money laundering conspiracy and conspiracy related to his $2 billion scheme to defraud insurers and policyholders and after being convicted on retrial in a related criminal proceeding for bribing the North Carolina insurance commissioner.
-
April 03, 2026
BATON ROUGE, La. — A Louisiana federal judge dismissed with prejudice claims against an insurance carrier participating in the U.S. government’s National Flood Insurance Program (NFIP) in insured homeowners’ Hurricane Ida coverage dispute with the Louisiana Insurance Guaranty Association (LIGA)and the carrier, finding that the breach of contract claims against the carrier are barred by a one-year statute of limitations.
-
April 01, 2026
CHICAGO — Policyholders filed an amended putative class action complaint in an Illinois federal court, adding 11 more named plaintiffs and expanding allegations that State Farm Mutual Automobile Insurance Co., which marketed and serviced life insurance and annuity products issued by PHL Variable Insurance Co. pursuant to a distribution agreement, failed to disclose PHL’s financial deterioration, including its use of affiliated reinsurance transactions, prior to its placement into administrative supervision and rehabilitation proceedings that resulted in limitations on policyholder benefits.
-
March 31, 2026
NEW YORK — A New York federal judge dismissed a suit filed by former insurance mogul Greg Lindberg seeking to compel arbitration to offset claims under an equity purchase agreement (EPA) between an investment company he once owned and sellers who sold their ownership interests in health care and pharmaceutical companies to his investment company, finding that the court lacks personal jurisdiction over any out-of-state defendants, that there is no valid claim for offset and that Lindberg lacks standing to assert claims on behalf of the investment company.
-
March 26, 2026
NEW ORLEANS — In an insured’s dispute with his lender over its alleged failure to endorse settlement checks as an additional payee in a hurricane coverage dispute involving a now-insolvent insurer, a Louisiana federal judge granted the parties’ joint motion to extend a submission date for filing briefs in response to the lender’s motion to dismiss an amended complaint.
-
March 25, 2026
WASHINGTON, D.C. — On March 24, Alcoa USA Corp. retirees filed a notice that they will attempt to revive their putative class challenge to pension risk transfers (PRTs) in the District of Columbia Circuit Court of Appeals; the appeal will be the second in a string of similar cases filed under the Employee Retirement Income Security Act.
-
March 25, 2026
ST. PETERSBURG, Fla. — After a jury returned a verdict in favor of a Florida homeowner, a Florida appellate court granted her an extension to file an opening brief in her appeal of a lower court’s final judgment ordering the Florida Insurance Guaranty Association (FIGA) to pay her $46,855.75, which represents the cash value of the cost to repair the plumbing system in her home that purportedly caused water damage.
-
March 25, 2026
CINCINNATI — In a liquidating trustee’s breach of contract suit against an insurer for failure to pay the full amount owed on a life insurance policy, an Ohio federal judge referred the case to a magistrate judge “for the limited purpose of conducting a settlement conference.”
-
March 24, 2026
WILMINGTON, Del. — In an insurer’s liquidation proceeding, a Delaware Court of Chancery magistrate judge advised granting the receiver’s claim recommendation and denying a woman’s objection to a zero dollar valued claim for the portion of the woman’s claim related to the alleged concealment of the insolvent insurer’s policy in underlying property damage litigation, finding that the evidence shows the woman was already compensated for her damages by another insurer.
-
March 19, 2026
By Scott M. Seaman, Pedro E. Hernandez and Peter J. Lewis
-
March 23, 2026
WEST PALM BEACH, Fla. — Without providing explanation, a Florida appellate court affirmed a lower court’s partial grant of summary judgment for the Florida Insurance Guaranty Association (FIGA), which was substituted as a defendant in homeowners’ breach of contract suit against their now-insolvent insurer alleging that the insurer failed to repair all the water damage at their property.
-
March 20, 2026
WEST PALM BEACH, Fla. — In a hurricane coverage dispute, a Florida appellate court reversed and remanded a lower court order enforcing an insured’s settlement agreement with a now-insolvent insurer against the Florida Insurance Guaranty Association (FIGA), which was substituted as a defendant after the insurer was placed into receivership, finding that the insured’s claim for attorney fees “does not fall within the statutory definition of a covered claim.”
-
March 20, 2026
TRENTON, N.J. — A New Jersey federal judge denied partial summary judgment to an annuitant but granted summary judgment to an excess insurer in a dispute over a reduction of $8.59 million in annuity payments agreed to between a woman injured in a car accident and the excess insurer for one of the defendants in a separate liability suit, finding that the woman’s claims were barred by the relevant six-year statute of limitations because the excess insurer, which purchased the annuity from a now-insolvent insurer, allegedly materially breached the agreement by reducing the payments and repudiating the agreement over six years before the suit was filed.
-
March 19, 2026
FORT LAUDERDALE, Fla. — After a Florida state court judge ordered homeowners to appear for depositions in their breach of contract suit against the Florida Insurance Guaranty Association (FIGA), which was substituted as the defendant for their now-insolvent homeowners insurer, FIGA filed a re-notice stating that it will be deposing the homeowners on May 11.
-
March 13, 2026
By Scott M. Seaman, Pedro E. Hernandez and Peter J. Lewis
-
March 13, 2026
WASHINGTON, D.C. — In a regular blog post update to Congress regarding projections of the financial position of the Hospital Insurance (HI) Trust Fund, the Congressional Budget Office (CBO) announced that the balance of the HI trust fund, which is used to pay for Medicare Part A benefits, will be “exhausted in 2040,” due in part to decreased revenues from taxing Social Security benefits caused by the changes implemented by the 2025 Reconciliation Act (Public Law 119-21), described by the Internal Revenue Service as the “One, Big, Beautiful Bill Act.”
-
March 11, 2026
WILMINGTON, Del. — The Delaware Chancery Court approved a stipulation between the receiver for a stock reinsurance company and a pair of insurers, authorizing the closure of two trust accounts and two monetary distributions to satisfy claims asserted under a reinsurance agreement.
-
March 11, 2026
NEW ORLEANS — Without explanation, a split Louisiana Supreme Court denied an application for a supervisory writ filed by the Louisiana Insurance Guaranty Association (LIGA) after a trial court denied its motion for summary judgment in a Hurricane Ida coverage dispute.
-
March 10, 2026
SACRAMENTO, Calif. — The California Department of Insurance, Consumer Watchdog and State Farm General Insurance Co. reached a three-party settlement agreement in a full-rate hearing proceeding to review the insurer’s emergency interim rate increase following the Palisades and Eaton wildfires. In a news release, the department says the deal “will provide financial relief to many policyholders while ensuring continued coverage for State Farm policyholders while California’s insurance market stabilizes.”
-
March 09, 2026
NEW ORLEANS — The Louisiana Supreme Court on March 6 affirmed and remanded to a trial court an appellate court’s denial of an exception of prescription sought by the Louisiana Insurance Guaranty Association (LIGA) as purported guarantor for a now-insolvent insurer in an insurance coverage dispute over purported damages from Hurricane Ida, finding that because the insurer made an unconditional payment on its insureds’ claims, which interrupted the prescriptive period, the insureds’ complaint was timely.
-
March 05, 2026
BATON ROUGE, La. — After previously granting homeowners’ motion to extend discovery to provide expert disclosures, a Louisiana federal magistrate judge in a docket-only order granted a motion by the Louisiana Insurance Guaranty Association (LIGA) to further extend discovery in the homeowners’ Hurricane Ida coverage dispute with an insurance carrier participating in the U.S. government’s National Flood Insurance Program (NFIP) and LIGA.
-
March 04, 2026
NEW YORK — Finding that information about financial reserves may be “relevant” to the issue of a now-insolvent insurer’s coverage for claims against a New York Roman Catholic diocese for clergy’s alleged sexual abuse of children, a New York federal magistrate judge ordered the insurer to produce the reserve information in a suit over the insurer’s duty to defend and indemnify in underlying suits over the alleged sexual abuse.
-
February 26, 2026
DAYTONA BEACH, Fla. — Without explanation, a Florida appellate court affirmed a lower court order granting final judgment for a homeowner in an insurance coverage dispute and requiring the Florida Insurance Guaranty Association (FIGA) to pay $23,000 to the homeowner.
-
February 25, 2026
ST. PETERSBURG, Fla. — In a hurricane coverage dispute, a homeowner filed a response to a court order requiring payment of a filing fee in her appeal to a Florida appellate court of a jury verdict and final judgment for the Florida Insurance Guaranty Association.