Showing 36 posts in Business Insurance.
Superior Court Refuses to Dismiss Delaware Action, But Stays Delaware Action in Favor of Michigan Action
Royal Indem. Co. v. General Motors Corp., C.A. No. 05C-01-223 RRC, 2005 WL 1952933 (Del. Super. Ct. July 26, 2005). Royal Indemnity Company ("Royal") sought a declaratory judgment to determine whether it had an obligation to General Motors ("GM") in relation to insurance purchased by GM over the course of several decades from Royal. GM filed a motion to dismiss on forum non conveniens grounds, and the Court denied the motion to dismiss. More › ShareCourt of Chancery Dismisses Wal-Mart's Claims Regarding Corporate-Owned Life Insurance Policies
Wal-Mart Stores, Inc. v. AIG Life Ins. Co., 872 A.2d 611 (Del. Ch. 2005). Wal-Mart brought suit against all the parties involved in its purchase of corporate-owned life insurance ("COLI") policies. Its complaint alleged a broad range of legal and equitable claims against the insurance brokers and providers, all seeking to recover from them the losses it incurred in connection with this risky tax avoidance scheme. On consolidated motions to dismiss brought by the insurers and brokers, the court concluded that the retailer failed to state a claim upon which relief could be granted. The court, therefore, granted the defendants' motions to dismiss. More › ShareSuperior Court Grants Corporation's Commercial Liability Insurer's Motion for Summary Judgment Based on Automobile Exclusion
Posted In Business Insurance, Directors
Scottsdale Indem. Co. v. Lloyd, 04C-04-024 THG, 2005 WL 516852 (Del. Super. Ct. Mar. 4, 2005).
A corporation's commercial liability insurer petitioned the court for a determination as to whether the policies automobile exclusion prevented coverage for damages arising from an accident involving one of the corporation's officers. The insurer moved for summary judgment, and the Superior Court found that the automobile exclusion did apply. More ›
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Superior Court Grants Motion for Reargument and Limits Discovery
Posted In Business Insurance, Discovery
TIG Ins. Co. v. Premier Parks, Inc., C.A. No. 02C-04-126 PLA, 2005 WL 468300 (Del. Super. Ct. Mar. 1, 2005).
This case involved whether TIG Ins. Co. ("TIG") met its contractual obligations to provide adequate counsel to defend Premier Parks, Inc. ("Six Flags") in an employment discrimination case. After initially granting plaintiff's motion to compel discovery, the court limited its ruling on reargument after it became clear that complying with the court's order would require manual searches of files rather than simple electronic searches. More ›
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