Insurance

  • June 29, 2016

    Lawyer Shouting Match Erupts At Ex-AXA Broker's $20M Trial

    A trial to decide broker Steven S. Novick's $20 million contract beef against two AXA units was punctuated Wednesday by accusations that evidence was improperly altered and a shouting match between Novick's counsel, Michael S. Finkelstein of Finkelstein & Feil PC, and two Epstein Becker & Green PC lawyers representing the financial giant.

  • June 29, 2016

    DLA Piper Attys Lied Under Oath About Witness Calls: Judge

    Two DLA Piper lawyers lied in sworn testimony about telling a potential witness in a prescription drug plan suit to not speak to opposing counsel, a New York federal judge said in a Wednesday order.

  • June 29, 2016

    Travelers Must Cover Civil Rights Dispute, Judge Says

    A Mississippi federal judge held Wednesday that an insurance policy issued by a Travelers unit covers an underlying civil rights action brought by men who spent decades in prison based on wrongful convictions, despite finding that several other policies provided by the insurer and its subsidiaries don’t apply.

  • June 29, 2016

    Jury Didn’t Hear Defense In $9M Coverage Row, Insurer Says

    A Missouri federal court abused its discretion and wrongly excluded Fidelity National Title Insurance's key defense argument, costing the insurer nearly $9 million in damages and attorneys' fees after a jury concluded Fidelity failed to defend a real estate investor against mechanics' liens, the insurer told the Eighth Circuit Tuesday.

  • June 29, 2016

    BDO Nabs BakerHostetler Cybersecurity, Insurance Pro

    The former co-chair of BakerHostetler’s information governance team and founder of its e-discovery and technology group has joined BDO Consulting as the managing director of the firm’s technology advisory services practice, the BDO USA LLP division announced on Wednesday.

  • June 29, 2016

    Assurance On Hook Despite Dueling Coverage In Fire Case

    Assurance Co. of America can’t escape covering a construction contractor in a dispute over fire damage to a Lake Geneva, Wisconsin, luxury home — that was still under construction although the owners had moved in — because its builder's risk policy did not end once the homeowners' property policy was in place, the Wisconsin Supreme Court said Wednesday.

  • June 29, 2016

    Nat'l Union Off Hook For Botched Container Defense Costs

    National Union owes no repayment to a Texas-based trailer maker for its defense costs in an underlying lawsuit regarding a container test gone wrong, because the container damage was excluded under the company's policy, a Texas federal judge ruled Tuesday.

  • June 29, 2016

    GE Capital Wins Removal From SIFI List

    U.S. financial regulators on Wednesday said General Electric Co.’s finance arm was released from its designation as a systemically important financial institution, freeing it from enhanced oversight from the Federal Reserve and providing a roadmap for firms seeking to escape stricter regulation.

  • June 28, 2016

    Insurers Seek To Escape Coverage In Blender Defect Row

    A pair of insurers on Tuesday hit Vita-Mix Corp. with a suit seeking to escape covering the blender maker in an underlying class action brought by consumers alleging it knowingly sold defective blenders, saying the suit falls under policy exclusions for damage that the company "expected or intended."

  • June 28, 2016

    Navigators Needn’t Cover $4.8M Bank Fraud Loss, Court Says

    A Connecticut federal judge has ruled that Navigators Insurance Co. doesn't have to cover a bank's $4.8 million loss from an ATM operator's fraudulent scheme, holding that Navigators properly revoked a series of insurance policies due to misrepresentations that the ATM company made on the policy applications.

  • June 28, 2016

    Fla. Wants More Claims In Insurer’s Mismanagement Row

    Florida asked a state court on Monday to let it add more fraud and breach of fiduciary duty claims in its lawsuit against the directors and officers of insolvent Aequicap Insurance Co. alleging mismanagement and concealment of its financial issues.

  • June 28, 2016

    How To Become The Firm Every GC Wants To Hire

    Some law firms have perfected the art of pleasing general counsels, a skill that wins them the love of clients and allows them to score new cases and deals. Here, we look at a new report that delves into the intricacies of making clients happy.

  • June 28, 2016

    Hogan Lovells Partner Among 18 Named To Calif. Bench

    California Democratic Gov. Jerry Brown on Tuesday announced 18 appointments to trial courts across the state, including a Hogan Lovells partner to the Los Angeles bench who has represented clients in industries including insurance, pharmaceutical, environmental consulting, sports and entertainment.

  • June 28, 2016

    Exxon's $3.3M Coverage Win Ignores Deductible, Insurer Says

    Old Republic Insurance Co. on Monday urged the Fifth Circuit to overturn a district court's ruling that it must cover a $3.3 million personal injury suit against Exxon Mobil Corp., saying a Texas federal judge ignored the effect of its policy's $3 million deductible.

  • June 28, 2016

    The 24 Firms GCs Love The Most

    Some law firms have honed their ability to serve clients so well that their relationships with general counsels have entered a sort of utopian existence where they earn glowing recommendations from clients and consistently win work. Here, find out which 24 firms have reached a state of “clientopia,” according to a new report by BTI Consulting Group.

  • June 28, 2016

    The 16 Firms GCs Love For Insurance Work

    In an insurance industry that's constantly evolving, 16 law firms have consistently won business as primary counsel for insurance clients while also amassing a high number of unprompted recommendations, according to a new report.

  • June 28, 2016

    Broker's $20M Contract Beef With AXA Goes Before NY Jury

    A broker took his decadeold, $20 million contract beef with insurer AXA Network LLC and its sister broker-dealer before a New York civil jury Tuesday, claiming the financial giant lured him and his $120 million book of business in 2002 before unlawfully terminating him, while AXA said he was fired for pitching improper investments.

  • June 28, 2016

    Fla. Businessman Gets 51 Months For 7 Years Of Tax Evasion

    A Florida businessman has been sentenced to 51 months in prison for seven years of tax evasion and wire fraud in connection with an investment scheme he ran involving multiple ventures, including an insurance provider and several companies with gambling interests in the Caribbean.

  • June 28, 2016

    DOI Yanked $20M Loan Guarantee, Hid Records, Insurer Says

    An insurance company accused the U.S. Department of the Interior of arbitrarily canceling a $20 million loan guarantee, violating its own records policies when its decision was challenged and subjecting the insurer to an unfair administrative appeals process in a suit filed Monday in Ohio federal court.

  • June 28, 2016

    Landmark Says Fertility Co. On Its Own In Billing Fraud Suit

    Landmark American Insurance Co. sued its insurance customer Frisco Reproductive Surgery Center LLC in Connecticut federal court on Monday, saying it didn’t have to defend Frisco in underlying litigation alleging Frisco billed "phantom charges" to Cigna.

Expert Analysis

  • How To Manage Your Law School Debt After Graduation

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    Student loan debt can feel overwhelming to new lawyers, especially when just getting started post graduation. Andrew Josuweit, co-founder and CEO of Student Loan Hero Inc., reviews the loan repayment plans available and discusses the best path forward for recent grads shouldering law school debt.

  • The Latest State To Regulate 3rd-Party Funding By Statute

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    Indiana recently joined a handful of other states that authorize and regulate the consumer third-party litigation funding industry by statute. Scheduled to take effect on July 1, the statute also establishes a new distinction between the various types of legal funding. But, in doing so, it could potentially reduce the availability of capital, says Victoria Shannon Sahani, associate professor at Washington and Lee University School of Law.

  • The Cloud And Ethical Considerations For Lawyers

    Bradley S. Shear

    Despite regular news stories detailing the need to update our digital privacy laws and increase our cybersecurity protections, law firms and in-house legal departments should feel confident that utilizing cloud providers with strong privacy and security protections will not breach their ethical obligation to clients, says Bradley Shear of the Law Office of Bradley S. Shear LLC.

  • A Few Important Decisions From The 'Inferior' Courts

    Fred Taylor Isquith

    With all eyes on the U.S. Supreme Court, litigation lawyers may have glanced quickly at important cases coming from the lower courts and providing guidelines on confidentiality orders, picking off plaintiffs, the treatment of buried disclosure in securities litigation, and antitrust pleadings, says Fred Isquith of Wolf Haldenstein Adler Freeman & Herz LLP.

  • 5th Circ. Brings Consistency To Improper-Joinder Analysis

    Tyler J. McGuire

    In International Energy Ventures Management v. United Energy, the Fifth Circuit recently cleared up the confusion over improper-joinder analysis in Texas by unequivocally holding that the federal pleading standard applies, says Tyler McGuire at Zelle LLP.

  • Damage Analysis Is Key To Settling Complex Cases

    Karen Willcuts

    An understanding of the damage model and the facts and figures to back it up is crucial to a successful mediation in commercial cases. This is true for both plaintiffs counsel and defense counsel, says Karen Willcutts, former associate judge for Dallas County and an arbitrator at JAMS ADR.

  • Calif. Court Protects Against Post-Litigation Discovery

    Jennifer A. Williams

    While California courts have entertained the notion that an insurer’s conduct during coverage litigation may be considered evidence of bad faith under extremely limited circumstances, they more consistently recognize that an insurer — like any litigant — is entitled to a fair day in court, as illustrated by a California federal court's recent decision in Genesis Insurance v. Magma Design, says Jennifer Williams at Wiley Rein LLP.

  • How Lawyers Can Harness The Power Of Social Media

    Monica Zent

    It’s important to first decide what your personal brand is. Are you a crusader? A wry observer? A compassionate witness? Your social media presence doesn’t have to reflect the deepest aspects of your identity — it’s merely an image that you project, says Monica Zent, founder and CEO of Foxwordy Inc.

  • Law Firms Must Advise Clients About Available Insurance

    Kevin M. LaCroix

    As illustrated by a recent New York appeals court decision, law firms all-too-frequently fail to help their clients determine at the outset of a claim whether or not there is insurance available to protect them, says Kevin LaCroix at RT ProExec.

  • From The Partner's Desk: Tips For Recent Law Grads

    Gary M. Gansle

    One of the most prevalent complaints by associates and recent law school graduates is the lack of meaningful mentoring by more seasoned attorneys. Gary Gansle, leader of Squire Patton Boggs LLP's Northern California employment law practice, offers several tips as a light that can help junior attorneys start down the right path in their career development.