Hilltop Holdings Inc v. AIG Specialty Insurance Company

  1. August 26, 2024

    Bank Co. Disputes AIG's Reading Of Covered Defense Costs

    A bank owner defended its amended claims that an AIG unit violated the Texas Insurance Code, telling a Texas federal court that AIG unlawfully issued it late defense payments and refused to cover defense costs that "incidentally" benefited its affirmative underlying claims.

  2. May 13, 2024

    AIG Unit Decries Bank's 'Eleventh Hour' Fraud Claims

    A bank owner's amended claims accusing an AIG unit of violating the Texas Insurance Code by refusing to cover certain defense costs must be tossed, the insurer told a Texas federal court, arguing that the bank made an "eleventh hour" attempt to expand the case beyond a simple contract dispute.

  3. October 16, 2023

    'Exact Amount' Of Defense Damages Not Needed, Bank Says

    A bank does not need to show an "exact amount" to establish it suffered damages resulting from what it called its insurer's failure to reimburse defense-related costs over litigation in which the bank also asserted affirmative claims, it told a Texas federal court.

  4. September 26, 2023

    AIG Unit Can't Pause Defense Costs Suit, Bank Co. Says

    An AIG unit should not be allowed to pause a bank's lawsuit over coverage for underlying litigation stemming from a loan recovery dispute, the bank told a Texas federal court, arguing that the insurer's request is impractical and prejudices the bank.

  5. September 05, 2023

    AIG Unit Must Cover 'Hybrid' Defense Costs, Bank Co. Says

    An AIG unit incorrectly determined that it need not pay a portion of a bank's defense costs in a suit where the bank also asserted affirmative claims, the business's parent company told a Texas federal court, saying allocation is necessary to determine the amount of reimbursable expenses.

  6. April 26, 2022

    Bank Holding Co. Says AIG Unit Must Cover Fraud Defense

    An AIG unit must pay for the defense costs incurred by a bank in two underlying fraud suits, the bank's parent company told a Texas federal court, saying the insurer's refusal to do so is in breach of its policy and in violation of the Texas Insurance Code.