A putative class action filed in federal court accuses California-based CIBA Insurance of operating as an illegal 'Ponzi scheme' in collaboration with a number of insurance company partners, including co-defendant Great Lakes Insurance SE.
The class action accuses MetLife of violating the Fair Labor Standards Act by failing to pay hundreds of long-term disability claims specialists overtime pay, although other MetLife workers in similar positions receive OT pay.
The ruling should finally resolve an issue which has cropped up before, particularly in federal court: Whether Floridas statute of limitations for bringing bad faith claims against an insurer is four or five years.
Workers' compensation payments are usually an exclusive remedy for injured workers, but there may be other sources of recovery as well says a Georgia appeals court.
A federal judge dismissed a false arrest complaint a woman filed against Geico after she was jailed on charges of concealing her wrecked car she was supposed to turn over after the insurer paid $1,108 for it.
Insurance companies for a bank used in a $1.2 billion Ponzi scheme are exempted from covering $25 million of the bank's settlement, a federal appeals court has ruled.