Insurer sues to void $29 million Hurricane Ian claim over alleged fraud
What makes this case stand out is not just the delay. Princeton alleges that during those two years, Aspen was…
Tag: Million
Captive insurer can’t shake $116 million bad faith claims, court rules
At Oxford’s urging, the firm agreed to wait until April 2025 to refile, then agreed to another extension through June…
Frontline Fabrics sues Chubb unit, banks over alleged $1.4 million fraud
Frontline’s systems, the lawsuit states, reflect six ACH payments released to the TD Bank account between January 13, 2025, and…
GEICO alleges Florida chiropractors ran $1.37 million PIP billing scheme
The dispute turns on Florida’s Motor Vehicle No‑Fault Law, which requires auto insurers to pay PIP benefits only for services…
SPARTA sues Pennsylvania General over $12.7 million AEIC claims
The 2007 Stock Purchase Agreement attached this 2005 deal as an exhibit and defined it as the “Reinsurance Agreement.” SPARTA…
Insurance industry gala raises $1.6 million for nonprofits
Since 2007, IICF’s Northeast Division has awarded over $14.8 million in grants to more than 350 organizations across the region.…
The Allstate Foundation commits $5 million to address the immediate needs of relationship abuse survivors
Key takeaways: The National Domestic Violence Hotline and FreeFrom will each receive an additional $2.5 million from The Allstate Foundation.…
Allstate blasts Texas clinics, claims $5.2 million auto fraud scheme
The lawsuit, filed in the US District Court for the Northern District of Texas, names Foundation Physicians Group, Inc., Prime Imaging…
CITGO compels insurers to pay $54 million for Venezuela oil cargo loss
CITGO, anticipating potential risks, had secured a marine cargo insurance policy from a syndicate of major reinsurers, including several Lloyd’s…
Hartford and Capital Credit Union clash over $3 million in bankruptcy battle
The dispute centers on two contracts: the General Indemnity Agreement (GIA) and the Intercreditor Collateral Agreement (ICA). The GIA, signed…