Technology so quickly outpaces regulation, and it’s imperative governments at every level find that sweet spot where the public is reasonably protected but innovation isn’t stifled. If the U.S. doesn’t get this balance right, other governments will, says Joshua Walker, general counsel and project executive for A3 by Airbus Group.
Nearly two dozen founders of and investors in a physician-owned health care facility in Dallas have been charged in connection with roughly $40 million in bribes and kickbacks paid for patient referrals, according to a federal indictment unsealed Thursday in Texas federal court.
A New Jersey state judge has ruled that an insurer may exhaust a policy to settle claims against a security company over the fatal shooting of an attorney at a mall, even if that settlement does not end claims against the mall's owners.
Covington & Burling LLP partner Marty Myers recently helped World Fuel Services, one of the largest suppliers of fuel and oil products on the planet, score a $24.5 million award for insurance coverage related to a $17 million marine cargo loss off the coast of West Africa, landing him a spot on Law360’s 2016 list of Insurance MVPs.
Boston Life told a Florida federal court Thursday that it has reached a agreement to drop a marketer and several parties from its $180 million lawsuit claiming a conspiracy to knock off one of the insurer's products, but said claims will continue against Greenberg Traurig LLP, KPMG and others.
An economist hired by Anthem Inc. assured a D.C. federal judge Thursday that the health insurer’s $54 billion merger with Cigna Corp. would generate $2.4 billion in cost savings that will benefit customers, providing a key defense to a U.S. Department of Justice suit claiming the deal is anticompetitive.
Geico acted in bad faith by not completing a settlement with the family of a woman killed amid a road rage incident involving a policyholder who was ordered to pay the family $4 million in an underlying case, a Florida federal jury determined Thursday in Tampa.
A federal magistrate judge in Washington state found Wednesday that a homeowner policy doesn't cover the full replacement cost of a dock damaged in a windstorm because it's not a "building" according to the dictionary definition.
Florida's high court gave policyholders relief with its ruling Thursday that an entire property insurance claim may be covered where there are multiple concurrent causes of loss and at least one is covered under a policy, but insurers may still be able to defeat claims if they can show that an excluded risk prompted a chain of events causing damage, attorneys say.
A shareholder of Patriot National Inc., which provides administrative services to insurance companies, has sued the company in Delaware based on allegations that its CEO made a series of detrimental decisions to retain control.
Starting Monday, Aetna and Humana will face off in court with the U.S. Department of Justice over their proposed $37 billion merger, and the crucial question of how to define the markets that could be affected by the transaction will be front and center in the fight.
Two mortgage brokers once among the largest in the nation and their CEO must pay a $93 million verdict that is subject to trebling after a Houston federal jury ruled they tricked the federal government into covering thousands of risky loans.
The Supreme Court of South Dakota on Wednesday reignited a dispute over whether Western National Mutual Insurance Co. owes coverage toward underlying claims that a construction company was to blame for a set of poorly built grain bins, finding that a lower court erred by applying certain policy exclusions.
The American Hospital Association is urging President-elect Donald J. Trump not to repeal the Affordable Care Act until a replacement plan is ready for approval, warning that “significant instability” could otherwise ensue.
The Florida Supreme Court ruled Thursday that policyholders may obtain coverage for an entire property insurance claim where there are multiple concurrent causes of loss and at least one is covered under a policy, agreeing with a decades-old precedential appellate decision.
Allstate Insurance Co. on Tuesday agreed to pay $600,000 to end a suit brought by the district attorneys of Los Angeles, San Diego and Riverside alleging the insurer falsely advertised an “accident forgiveness” program in California that is forbidden by state law.
Travelers Indemnity Co. said Tuesday that a wage suit by employees of a bankrupt coal company is being handled improperly, and filed to remove the suit to West Virginia federal court.
Illinois Union Insurance Co. filed suit in New York federal court Wednesday contending that it isn’t responsible for covering a $49.9 million class action settlement that resolved claims that US Coachways Inc. violated the Telephone Consumer Protection Act with text message blasts to potential customers.
An Ohio federal judge ruled Tuesday that LM Insurance Corp. is not obligated to pay out a more than half-a-million-dollar judgment to a machines worker who suffered severe burns after an accident involving molten aluminum, saying the worker was not insured under the company's policy.
An Ohio federal judge on Wednesday refused to toss Allstate’s product liability suit contending that Electrolux owes it for payments made to policyholders after their clothes dryers caught fire, rejecting the appliance maker’s argument that the insurer improperly consolidated claims that didn’t belong in one complaint.
Employment practices liability insurance policies often cover wrongful termination claims, but they are much less likely to provide coverage for "wrongful hiring" claims, when companies provide employment favors to families with powerful connections, says Evan Bundschuh of Gabriel Bundschuh & Associates Inc.
Mobile phone carriers that engage in third-party billing services may soon be considered to be providing products covered by the Consumer Financial Protection Bureau. This proposed change represents a number of major issues for the mobile phone industry and possibly the service contract and insurance industries, say Brian Casey and Aaron Igdalsky of Locke Lord LLP.
As law firms and clients conduct more business on a regional or national scale, multijurisdictional practice is becoming more prevalent for practicing attorneys. Attorneys engaged in both private practice and as in-house counsel need to be aware of the ethical risks of practicing across jurisdictions — including the implications of engaging in the unauthorized practice of law, say Melinda Gentile and Monique Cardenas of Peckar & Abramson PC.
A recurrent governance proposal to remedy corporate excesses has been the idea of clawing back the compensation paid to company officials who presided over corporate scandals, such as the one at Wells Fargo. But the assessment that clawback provisions actually counterbalance the distorted incentives of an “extreme” incentive compensation plan depends on a psychological assessment that may or may not be valid, says Kevin LaCroix of RT ProExec.
It is increasingly necessary for law firms to implement strategies to improve efficiency, staffing and value to meet client needs. Haley Altman, CEO and co-founder of Doxly Inc., discusses how to successfully leverage analytical tools and emerging technology to increase profitability.
Some of the expectations in the Financial Crimes Enforcement Network’s recently issued cybercrime advisory are likely to be new to most financial institutions, and have the potential to increase suspicious activity reporting burdens substantially, both by expanding the types of events that must be reported and by expanding the types of information that must be gathered, say attorneys with Crowell & Moring LLP.
Ransomware attacks, which use malware to hold victims' files to ransom, have been on the rise in recent years. Companies should adopt the multifaceted preparation strategy recommended by the FBI, and obtain proper cyberinsurance, say Darren Teshima and Aravind Swaminathan of Orrick Herrington & Sutcliffe LLP.
In a recent Law360 guest article, counsel for Warren Pumps LLC reduced legally and factually complex anti-assignment and trigger issues to "delay tactics," ignoring the Delaware Supreme Court's rejection of Warren's attempt to obtain defense costs coverage to which it was never entitled, says Laura McKay of Hinkhouse Williams Walsh LLP.
Face it, the American jury system is dying. The arguments Professor Suja Thomas makes in her new book deserve consideration by everyone interested in how our government actually works and how it might recapture the unifying communitarian experience of direct democracy and actual trial by one’s peers, says U.S. District Court Judge William Young of the District of Massachusetts.
Though the Republicans recently took power of both chambers of Congress and the executive branch, potential partisan fighting means that government shutdowns remain a real threat. Jonathan MacBride and Isabella Stankowski-Booker of Zelle LLP discuss important considerations for event cancellation insurers.