Commonwealth Insurance

AEGIS in $40 m dispute with Norwegian/Japanese construction group

February 24, 2010

Bermuda based Associated Electric & Gas Insurance Services Ltd. is one of six insurers who are involved in a $40 million policy dispute with a global construction and engineering group.Details are contained in a complaint to compel arbitration or, alternatively,

Bermuda insurers sued over Hurricane Katrina claim

December 11, 2007

A Hurricane Katrina-related lawsuit has been filed in Louisiana against two U. S. subsidiaries of Bermuda-based insurers.

Bermuda insurers attempt to force arbitration on NYSE-listed firm

September 10, 2007

Reinsurers in Bermuda and elsewhere are seeking to force a Vermont based captive and its NYSE listed parent to arbitrate a dispute involving claims from a fire at a chemical manufacturing plant.A motion to compel arbitration was filed against International

Tyson Foods seeks $113 m in Hurricane Katrina claims

September 10, 2007

Giant meat processor Tyson Foods, Inc. is seeking damages of more than $113 million in litigation and arbitrations against insurers in Bermuda and elsewhere for alleged property damage and business interruption losses caused by Hurricane Katrina on August 29, 2005.Details

Dow Jones captive sues subsidiaries of Bermuda insurers in $200 m claims dispute

July 12, 2007

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.

XL and AWAC settle Hurricane Katrina-related lawsuit in Louisiana

February 9, 2007

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.

Bermuda insurers sued in $350 m-limit policy dispute

May 5, 2006

A New Jersey based manufacturer has sued several insurers, including two that are incorporated in Bermuda, in an attempt to enforce a $350 million limit insurance policy.Formosa Plastics Corporation USA claims they have breached the terms of the contract concerning

AT&T sues XL Insurance over 9/11 coverage

June 30, 2004

AT&T Corp. has filed a civil complaint against 15 insurers, including XL Insurance (Bermuda) Ltd., over allegedly unpaid property damage and business interruption claims concerning 9/11. The telecommunications giant, which is registered in New York but based in New Jersey,  is seeking an award of not less than $139 million in an action filed at New Jersey Superior Court on June 11, 2004.