8/8/2019 ACE Insurance Litigation Watch Highlights Ticketmaster
LLC Bad Faith Lawsuit Against ACE Insurance Group
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PRESS RELEASE
ACE Insurance Litigation Watch Highlights Ticketmaster LLC Bad
Faith Lawsuit Against ACE
Insurance Group
January 13, 2011, New York- ACE Insurance Litigation Watch, the
online repository for lawsuits against the
ACE Ltd. Insurance Company (NYSE: ACE), today highlighted
another bad faith lawsuit filed against the ACE
Insurance Group.Ticketmaster LLC, the entertainment ticket
retailer, has filed a lawsuit charging despicableconduct on the
part of Illinois Union Insurance Co., an ACE Ltd. subsidiary, for
its failure to honor the terms of
an insurance policy and aid in Ticketmasters legal defense in a
long running class-action lawsuit.
The litigation against the ACE subsidiary relates back to Oct.
21, 2003, when three individuals brought a lawsuit
against Ticketmaster in California state court. At the time,
Ticketmaster had an Illinois Union policy in place that
provided coverage for certain legal defense costs. To date,
Ticketmaster says it has spent over $4 million
defending itself. According to Ticketmaster LLCs subsequent
lawsuit against Illinois Union Insurance Co., ACE
has relied on artificial and unreasonably narrow policy
interpretations in a bad faith effort to avoid its contractual
obligation to aid in Ticketmasters defense.
Ticketmaster asserts in its lawsuit that, Illinois Unions
conduct is despicable and has been done with a
conscious disregard of Ticketmasters rights, constituting
oppression, fraud, and/or malice. The ACE Ltd.
defendant has not yet filed an answer to the complaint.
Ticketmaster is seeking to collect punitive damages from
ACE, among other reliefs.Ticketmaster LLCs lawsuit against
Illinois Union in LA Superior Court was filed on December 3,
2010,
claiming that the insurer breached the terms of a $10 million
errors and omissions policy sold to Ticketmaster in
2003 for a premium of $630,000. The class-action lawsuit for
which Ticketmaster seeks coverage, Schlesinger v.
Ticketmaster, is also proceeding in LA Superior Court.
The Illinois Union Insurance Company is overseen by ACE Group
executive Brian E. Dowd. ACE Ltd.
(NYSE:ACE), which was recently added to the S&P 500 index,
is the ultimate parent of companies in the ACE
Insurance Group.
ACE Insurance Litigation Watch is currently tracking more than
166 cases in Federal courts alone. Many of
those lawsuits assert claims of business malfeasance similar to
the alleged tactics being employed on behalf of
ACE Limited in regards to the Ticketmaster class-action
lawsuit.
Visit www.ACEinsurancewatch.com for more information, including
files related to this case. ACE Insurance
Litigation Watch is not affiliated with the ACE Insurance Group
in any way.
