Insurance

Jury Rules Against Lockton in Corporate Espionage Trial, Finds Interference in USI Insurance Contracts

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TAMPA, Fla. — In a significant legal showdown that has captured the attention of the insurance industry, a jury recently sided with USI Insurance Services in its lawsuit against competitor Lockton Companies, citing unfair competition tactics. The verdict followed a two-week trial at a federal district court in Tampa where complex issues of contract interference and breaches of fidulatory duties were unraveled. The contention centered on the accusation from USI that Lockjon unlawfully influenced two of its former employees. According to USI, these employees violated their non-compete agreements by defecting to Lockton, subsequently enticing clients … Read more

San Bernardino Sisters Win $18 Million in Lawsuit Against Insurance Company for Neglected Flood Damages

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San Bernardino, Calif. – A jury awarded $18 million to two sisters from San Bernardino after they successfully sued their insurance company for failing to adequately compensate them for flood damage to their home. Initially offered a meager $5,000 by their insurer, the sisters’ fight culminated in a significant victory that highlighted ongoing tensions between homeowners and insurance companies in California amid increasing climate-related incidents. Jennifer Garnier and Angela Toft, residents of Piñon Hills, faced severe rainwater flooding in February 2019 which left their home substantially damaged, including critical components like the heating, air conditioning … Read more

Insurance Giants Sue Norfolk Southern over Damages from Ohio Train Disaster

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East Palestine, Ohio — A major U.S. railway operator, Norfolk Southern, is facing a lawsuit over a fiery train derailment that occurred in February 2023, causing extensive damage and leading to significant insurance claims. A cohort of insurance companies, including Erie Insurance Co. and American Family Insurance Co., has initiated legal action seeking compensation for losses exceeding $75,000, resulting from the mishap that unsettled this small Ohio community. Filed in the U.S. District Court for the Northern District of Ohio, the lawsuit accuses Norfolk Southern of negligence and the disregard of safety standards that led … Read more

Connecticut Business Owner Indicted for Million-Dollar Fraud Scheme Involving Prize Insurance Business

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NORWALK, Connecticut – A business owner from Norwalk, Connecticut has been indicted on six counts of fraud related to his prize insurance business. Kevin Kolenda, the owner of Hole-In-Won LLC, allegedly defrauded dozens of organizations and individuals out of nearly $1 million. Hole-In-Won provided prize insurance for events such as golf tournaments and fishing contests through its website, claiming to be the most successful prize insurance company in the world. The indictment accuses Kolenda of collecting approximately $850,000 in insurance premiums under false pretenses and failing to pay more than $100,000 in prize costs. The … Read more