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Liberty Mutual Can't Sink ERISA Fee Suit


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Liberty Mutual Can t Sink ERISA Fee Suit
Law360 (June 15, 2021, 8:09 PM EDT) A Massachusetts federal court on Tuesday refused to toss a proposed class action lodged by Liberty Mutual workers who claimed the company saddled their retirement plan with too-high fees and sluggishly performing funds, costing them millions of dollars and violating federal benefits law.
U.S. District Judge Mark Mastroianni cast aside the insurer s motion to dismiss in his electronic docket order, determining that the proposed class of workers and retirees had sufficiently pled their case alleging Liberty Mutual Group Inc. mismanaged their 401(k) plan and breached the Employee Retirement Income Security Act. ....

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Central Bank reveals €10m of INBS and Quinn inquiry costs


 
The Central Bank has disclosed almost €10 million of costs relating to running of public inquiries into individuals involved in the management of the failed Irish Nationwide Building Society (INBS) and Quinn Insurance Limited (QIL).
However, the information, contained in the Central Bank’s latest annual report, published on Wednesday, only gives a partial picture of total cost to date of the long-running INBS inquiry, as the key legal fees and inquiry members’ fees attached to this case will only be revealed once it has come to a conclusion.
The annual report said that operational costs of running both inquiries between 2016 and 2020 amounted to €7.82 million, with €4.17 million of this comprised of “professional fees”, covering technology and audio-visual services. Rent and utilities amounted to a further €1.5 million. ....

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$41M Recovered for Louisiana Consumers After Hurricane Claims Complaints


$41M Recovered for Louisiana Consumers After Hurricane Claims Complaints
May 24, 2021
Complaints over insurance claims arising out of the three hurricanes that struck Louisiana last year have resulted in a recovery of $41 million for consumers as of the end of April, Louisiana insurance regulators say.
The Louisiana Department of Insurance (LDI) so far has received 1,497 complaints arising from hurricanes Laura, Delta and Zeta. Grievances have included complaints about various types of residential, auto and commercial property insurance, as well as complaints about insurance adjusters and agents, among other issues.
The most common topic of concern has shifted as hurricane claims have progressed. In January the most common grievance was claim delay. By May the most common complaint topic was inadequate and delayed payment of claims, LDI says. ....

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Compulsory Third Party Insurance Insurance Market Major Players and Forecast 2026 | PICC, Progressive Corporation, Ping An, AXA, Sompo Japan, Tokyo Marine, Travelers Group, Liberty Mutual Group


Compulsory Third Party Insurance Insurance Market Major Players and Forecast 2026 | PICC, Progressive Corporation, Ping An, AXA, Sompo Japan, Tokyo Marine, Travelers Group, Liberty Mutual Group
iCrowd Newswire
11 May 2021, 16:27 GMT+10
The Compulsory Third Party Insurance insurance Market delivers a comprehensive study of the market, including its dynamics, structure, characteristics, Key players, growth and demand drivers, etc. As a Complete Analysis report, it covers all details inside analysis and outlook according to ReportsWeb.
According to this latest study, the 2021 growth of
Compulsory Third Party Insurance insurance will have significant change from previous year. This global study of the COMPULSORY THIRD PARTY INSURANCE INSURANCE market offers an overview of the existing market trends, metrics, drivers, and restrictions and also offers a point of view for important segments. The report also tracks product and services demand, analysis, growth and for ....

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