Litigation

Plaintiffs in the litigation arising from the debris cleanup at the World Trade Center site following the Sept. 11, 2001 attacks have entered a settlement agreement with The Port Authority of New York and New Jersey, owner of the World Trade Center site.

Reports that the Federal Deposit Insurance Corp. has given the green light to sue more than 50 directors and officers of failed banks has one broker wondering how much due diligence was done before deciding to sue.

Passage of the Dodd-Frank Act will mean a lot of changes in the world of finance, but having a current professional liability policy should grant executives some security in the case of litigation, said one insurance expert.

Massachusetts Attorney General Martha Coakley said her office reached agreements with five more insurers regarding allegations that they overcharged motorcycle riders for insurance.

American International Group is asking a federal judge to deny class-action status to a lawsuit brought against it by a group of insurance companies alleging AIG underreported premiums on workers' compensation policies.

Title insurers said they will be unaffected by the recent spat of defective foreclosure paperwork that has caused some banks to halt their procedures, and Moody's said the problems will not affect earnings.

Three Allstate adjusters and two State Farm appraisers in Florida were arrested and charged with racketeering and grand theft auto for their roles in auto insurance fraud schemes.

Ambac claimants will receive cash and notes if a state court approves the Wisconsin Office of the Commissioner of Insurance's rehabilitation plan released Friday for the carrier's segregated account.