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Jury Slams MetLife With $15M Punitive Verdict Over Elderly Investor’s Losses In Ponzi Scheme

Posted by David Siegel on Sep 1, 2016 10:38:43 AM

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Topics: Insurance, California

Atty Chokes Up During Emotional Opening At Trial Over MetLife’s Alleged Role In $216M Ponzi Scheme

Posted by David Siegel on Jul 25, 2016 3:37:15 PM

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Topics: Insurance, Securities, California

Kaiser Ordered To Broaden Reconstructive Surgery Coverage After Class Action Trial

Posted by David Siegel on Jul 20, 2015 4:29:00 PM

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Topics: Insurance, healthcare, California

Class Action Trial Over Kaiser’s Plastic Surgery Coverage Begins

Posted by David Siegel on Mar 17, 2015 10:24:00 AM

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Topics: Insurance, healthcare, class action, California

Insurer Blasted With $4.5M Class Action Bad Faith Verdict (Updated)

Posted by David Siegel on Feb 13, 2015 1:08:00 PM

Reno - Everest Indemnity Insurance Co. is on the hook for $4.5 million after a Nevada state court jury on Thursday said the insurer acted in bad faith by refusing to cover a construction company’s defense costs in an underlying class action stemming from an earthen levee collapse that caused the flooding of hundreds of homes.

Jurors deliberated for only a few hours before deciding that Everest had no basis for refusing to cover defense costs referred to them by Matthews Homes, which held a $2 million commercial general liability policy from the insurer, after Matthews was sued by a class of hundreds of homeowners claiming poorly designed drains exacerbated the effects of a 2008 flood.

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Topics: Insurance, Nevada, class action