Live Insurance News

Insurance companies sued by Minnesota Archdiocese

December 1, 2014November 29, 2014 Julie Campbell

St Mary's Catholic Church Minnesota insurance claims companies

Twenty insurers are have had lawsuits filed against them over issues regarding sex abuse claims. In Minnesota, the Archdiocese of St. Paul and Minneapolis has now announced that it has filed lawsuits against 20 insurance companies in an effort to attempt to force those insurers to have to pay for the liabilities on claims involving sex abuse by the clergy. The lawsuit has now been filed in federal court, saying that the archdiocese should have been covered for decades. The complaint stated that the insurance companies had been providing liability…

Insurance exchange in Oregon leads to breach of contract lawsuit

August 13, 2014August 11, 2014 G. Turner

Oracle Corp. has now sued the state, alleging that the software it created is still being used regardless of disputed bills. The technology company behind the original insurance exchange in Oregon has now filed a breach of contract lawsuit against the state, saying that officials from that government are continuing to use Oracle Corp. software, even though there remain $23 million in disputed bills. The lawsuit was filed by Oracle at the very end of last week, in a Portland federal court. According to the filing, Oracle claims that state…

Insurance news takes off with class action climate change lawsuit against government

May 23, 2014May 20, 2014 Julie Campbell

Farmers has now filed nine different suits against local Chicago area governments. The latest insurance news is now showing that in April, Farmers Insurance Co. had filed nine separate class action lawsuits regarding the impact of climate change within the Chicago area. These lawsuits have been filed against local governments within the area of that city. The argument being made by Farmers in this insurance news is that those local Chicago area governments were perfectly aware of the impact of climate change and that it is bringing heavier rainfalls to…

Force placed insurance lawsuit causes Citi to pay $110 million

February 10, 2014February 8, 2014 G. Turner

Citigroup Inc. has agreed to pay the money to thousands of homeowners who had been overcharged. According to recent news, Citigroup Inc. has now agreed to a payout of $110 million to thousands of homeowners who had force placed insurance applied to them when the allowed their own coverage to lapse or they stopped making payments. The forcibly charged property coverage came with highly expensive premiums, said a court filing. This trend of force placed insurance lawsuits has been spreading across the United States, as many American insurers and banks…

Flood insurance rates battle now includes another state

December 3, 2013November 30, 2013 H. Cutner

Mississippi has been trying to combat the federal plans to boost the price of coverage. The intentions to increase federal flood insurance rates is currently being challenged by Mississippi, and that state is far from being alone as Louisiana, its neighbor, has now joined the others in this legal action to try to keep the cost at an affordable level. The original lawsuit was filed by Mississippi in an attempt to stop increases at the start of October. The National Flood Insurance Program (NFIP) had announced that premiums for most…