A New Jersey based real estate group is suing Arch Insurance Company and St. Paul Fire and Marine Insurance Company for allegedly refusing to pay litigation defense costs.Details are contained in a complaint that was filed at the Superior Court
AXIS Specialty, Allied World Assurance Company, XL Insurance (Bermuda), Endurance Specialty and Arch Insurance are among several insurers facing potential exposure in a civil complaint filed in California against Charles Schwab, Moody's Investor Services Inc. and Standard & Poor's Financial
Two US based plaintiffs claim they were defrauded in a captive insurance program operated from Bermuda.Details are contained in a civil complaint filed at the U. S. District Court for the Southern District of New York on December 24, 2008,
A California based subcontractor is suing a British subsidiary of Bermuda based Aspen Insurance Holdings Ltd. for damages of at least $384,000, alleging the insurer refused to meet a litigation related claim. Pengilly Masonry, Inc., a California corporation, filed a
A Nebraska financial adviser who is defending six lawsuits and an arbitration involving securities fraud allegations is suing a US subsidiary of Bermuda based Arch Capital Group Ltd. for allegedly refusing to pay his legal fees.Details are contained in a
Bermuda-based Arch Capital Group Ltd. and two of its US-domiciled operating subsidiaries are being sued for allegedly refusing to pay claims arising out of litigation filed on behalf of 11 dead and nearly 200 injured victims of a multiple train crash in California two years ago. Plaintiff the Southern California Regional Rail Authority, d.b.a. Metrolink, is seeking compensatory damages in excess of $1.5 million, plus punitive damages, in a civil complaint that was filed at the Superior Court of California, County of Los Angeles, on June 9, 2008 and transferred to the U. S. District Court for the Central District of California on July 14.
Two subsidiaries of Bermuda-based Arch Capital Group Ltd. are being sued in the United States in a dispute over construction performance bonds. Arch Insurance Co. and Arch Reinsurance Co. were named as the only defendants in a civil complaint that was filed at the 250th Judicial District Court of Travis County, Texas on October 9, 2007 and later transferred by the Arch companies to the U. S. District Court for the Western District of Texas on November 8, 2007.
A U. S. subsidiary of Bermuda-based Arch Capital Group Limited is being sued in New Jersey by a large, privately-held property management and security services company. Arch Insurance Company, based in Stamford, Connecticut, is a defendant along with IOA Re, described as a "professional reinsurance underwriter manager" headquartered in Norristown, Pennsylvania; and The Loomis Company, described as an "independent insurance agency" based in Wyomissing, Pennsylvania, in a complaint that was filed by Control Services Group, a New Jersey corporation based in Secaucus, New Jersey, at the Superior Court of New Jersey, Law Division, Bergen County, on September 19, 2007 and transferred to the U. S. District Court for the District of New Jersey on November 2, 2007 by IOA Re.
A charity and a hotel have filed two separate civil complaints against U. S. subsidiaries of Bermuda based Arch Capital Group Ltd. concerning Hurricane Katrina claims disputes.The first action was filed by Goodwill Industries of Southeastern Louisiana, Inc., a non
A United States-based captive insurer of The Dow Chemical Company has taken legal action against several subsidiaries of Bermuda reinsurers in an attempt to slash the number of proposed arbitrations that will hear hurricane claims disputes totaling over $200 million.
Two Bermuda insurers have settled a civil lawsuit in which a waste management insured accused them of failure to pay claims stemming from Hurricane Katrina. A stipulation of dismissal was entered on February 5, 2007 in an action that was filed by Waste Management Inc., a Delaware corporation based in Houston, Texas; Waste Management Louisiana LLC, a Delaware corporation based in Baton Rouge, Louisiana; and Waste Management of Mississippi Inc., a Mississippi corporation based in Baton Rouge, Louisiana, against XL Insurance (Bermuda) Ltd., and Allied World Assurance Company Ltd. at the U. S. District Court for the Eastern District of Louisiana on August 25, 2006.
Two U. S. subsidiaries of Bermuda-based Arch Capital Group Ltd. are being sued for up to $34 million in compensatory damages for allegedly failing to honor a construction bond. Details are contained in a civil complaint that was filed by Whitlock Mills LP, a Maryland limited partnership based in Columbia, Maryland, at the U. S. District Court for the District of New Jersey on December 29, 2006.
XL Insurance (Bermuda) Ltd. and other companies with Bermuda connections are being sued for $32.4 million in the United States regarding the alleged non-payment of a business interruption claim. The complaint was filed at the District Court of Harris County, Texas, 113th Judicial District on December 5, 2005 and transferred to the U. S. District Court for the Southern District of Texas on April 7, 2006 following an application by XL.