insurance dispute News

Ken Griffin Pushed to Testify in Ron Perelman’s $410 Million Art Fight

What do billionaire Ken Griffin, a Hamptons fire and Cy Twombly’s painting Untitled (1971) have in common? The answer: Ron Perelman’s three-year dispute with a group of insurers about a portion of his extensive art collection. Perelman, 80, submitted some …

Edison, N.J., Voters Pass Bond to Rebuild School Destroyed by Fire

Voters have approved an $18.6 million bond to help replace a school in Edison, New Jersey, that was destroyed by fire. Officials estimate in will cost about $28 million to rebuild the James Monroe Elementary School. The Home News Tribune …

After 17 Years, Florida-Nebraska Insurance Dispute Continues

Seventeen years after it started, a multimillion-dollar insurance dispute between the state of Florida and a Nebraska company continues to meander through the courts. The Nebraska Supreme Court has already ruled on aspects of the case four times, and the …

Sandy Lesson for Business Owners: Read Policy, Keep Track of Notice Provisions

It’s been six months since Superstorm Sandy made its landfall on the coast of New Jersey and became one of the costliest storms ever recorded in the U.S. Many businesses in the region are still recovering from the effects of …

XL, Fisker Reach Settlement Over Sandy-Damaged Cars at N.J. Port

XL Insurance America Inc. and Fisker Automotive Inc. reached an agreement last week over an insurance dispute involving hundreds of hybrid cars at a New Jersey port that got wrecked by Superstorm Sandy. “Fisker Automotive and XL Insurance America were …

Insurance Settlement Dispute Delays Rebuilding of Massachusetts School

An insurance settlement dispute is delaying the rebuilding of a Roman Catholic school in Springfield, Mass., that was damaged by a tornado in June 2011. The Republican of Springfield reports the Diocese of Springfield and its insurance company, Catholic Mutual …

Damaged Mass. School Delays Reopening, Cites Dispute With Insurer

The reopening of a Roman Catholic school in Springfield severely damaged by last summer’s tornadoes has been delayed because of a dispute between the diocese and its insurer. Officials with the Diocese of Springfield said Tuesday that while they estimate …