Insurance

  • July 1, 2015

    Policyholders Get EPA Coverage Clarity From Texas Justices

    In recent ruling that a U.S. Environmental Protection Agency proceeding against an alleged polluter is a "suit" triggering an insurer's duty to defend, the Texas Supreme Court released policyholders from the dilemma of either defending themselves without insurance or rolling the dice in a civil suit to try to secure coverage.

  • July 1, 2015

    $31M Insurance Row Erupts Over Nasdaq's Facebook IPO Deal

    Beazley Insurance Co. Inc. slapped two rivals with a New York federal suit Tuesday, seeking coverage of Nasdaq OMX Group Inc.’s $31 million settlement in an underlying investor class action over the botched handling of Facebook Inc.'s $16 billion initial public offering.

  • July 1, 2015

    Texas Clerk Flips Decision To Deny Gay Marriage Licenses

    One Texas clerk who originally declined to provide same-sex marriage licenses, with approval from the state attorney general, said Tuesday her office will comply with federal law.

  • July 1, 2015

    Contractor Says Insurers Owe For Construction Suit Defense

    Contractor KB Home Colorado Inc. sued three of its subcontractors’ insurance companies in Colorado federal court Tuesday for more than $1 million it says they owe for the defense costs in a now-settled case over property damage arising at one of its construction sites.

  • July 1, 2015

    BREAKING: Insurer ACE Strikes $28.3B Deal To Pick Up Chubb

    Property and casualty insurer ACE Group announced Wednesday that it had inked a $28.3 billion cash and stock deal to pick up competitor The Chubb Corp.

  • June 30, 2015

    Travelers, Liberty Sued For $13M In Asbestos Coverage

    Manufacturer Columbus McKinnon Corp. sued Travelers Indemnity Co. and Liberty Mutual Insurance Co. in New York federal court on Monday, seeking more than $13 million in defense and indemnity coverage for 2,600 asbestos liability lawsuits.

  • June 30, 2015

    Tax Court Says Investor Liable For Separate Account Taxes

    The U.S. Tax Court said Tuesday that a venture capital investor is on the hook for tax deficiencies over separate accounts underlying private placement variable life insurance policies for his elderly relatives, finding he was the assets’ true owner for federal income tax purposes.

  • June 30, 2015

    3 Policy Issues Left Hanging After Turbulent Fla. Session

    With a projected $1 billion budget surplus and Republicans dominating Tallahassee, Florida's 2015 legislative session held promise for big policy changes. But rifts between the chambers over health care and land conservation forced a special session to pass the budget, pushing gaming and other high-profile issues to the sidelines. Here, Law360 takes a look at key issues left hanging after this year’s historic session.

  • June 30, 2015

    Insurers Say Amtrak Can't Force Wind Claims Into Sandy Suit

    Excess insurers told a New York federal judge on Tuesday not to undo a recent decision dismissing them from Amtrak’s suit seeking compensation for rail damage caused by Superstorm Sandy, claiming that Amtrak has contradicted itself by trying to shoehorn wind-related claims into its suit.

  • June 30, 2015

    Real Estate Rumor Mill: JDS, GoPro And NetSuite, Mitchell

    JDS Development and Property Markets Group are said to have scored $725 million in financing from AIG and Apollo; GoPro and NetSuite have reportedly each signed for 49,000 square feet in San Mateo, California; and Mitchell Holdings is said to have bought a New York hotel for $38.5 million.

  • June 30, 2015

    Blue Cross Can't Block New Trial In $26M Contract Suit

    A jury that cleared Blue Cross Blue Shield of Louisiana in a $26 million breach of contract suit received improper instructions that held a medical equipment supplier and surgery staff provider to an unfair standard, a Texas federal judge ruled Tuesday, granting a new trial.

  • June 30, 2015

    Top Privacy Cases Of 2015: Midyear Report

    The U.S. Supreme Court ruled that social media posts aren't threats without intent and strengthened protections of corporate data records, while a retail tracking firm's settlement with regulators has attorneys on the lookout for a rise in consumer class actions. Here, Law360 examines the most important privacy decisions and settlements of the year thus far.

  • June 30, 2015

    AIG Presses Court To Trim Office Depot FCA Coverage Suit

    AIG Specialty Insurance Co. shot back at Office Depot Inc. in a suit by the retailer seeking coverage for a whistleblower action, telling a California federal court on Monday that, contrary to the company's argument, state insurance law bars coverage for negligent misrepresentations.

  • June 30, 2015

    2nd Circ. Nixes Reinsurer's $100M Storm Payment Appeal

    The Second Circuit affirmed Tuesday that American Family Mutual Insurance Co. doesn’t owe anything to reinsurer Mariah Re Ltd., which had claimed it was forced to pay $100 million based on an improperly altered report on a 2011 storm system.

  • June 30, 2015

    Insurer Willis Group Strikes $18B Deal For Towers Watson

    Insurance brokerage Willis Group Holdings PLC said Tuesday that it has inked an all-stock deal worth about $18 billion to pick up professional services firm Towers Watson & Co.

  • June 29, 2015

    Insurers Intervened Too Late In $20M TCPA Suit, 7th Circ. Says

    A trio of insurance companies waited too long to intervene in a class action to contest a metal supply company's $20 million settlement of claims that it violated the Telephone Consumer Protection Act, the Seventh Circuit found Monday, saying the insurers should have tried to intervene at the outset of the litigation.

  • June 29, 2015

    Small Biz Group Urges Repeal Of IRS Health Care Rule

    The National Federation of Independent Business on Monday lashed out at the IRS over a “schizophrenic” rule that penalizes small businesses that choose to compensate employees for health care-related expenses rather than provide group health insurance, throwing its weight behind repeal efforts in Congress.

  • June 29, 2015

    MetLife Says FSOC Withholding Crucial Docs In SIFI Battle

    MetLife Inc. sought to force the Financial Stability Oversight Council to fork over hundreds of documents it allegedly used in designating the life insurer as a systemically important financial institution, contending Monday that there is no compelling reason the FSOC should withhold the materials.

  • June 29, 2015

    Texas AG Says Clerks Can Decline Gay Marriage Licenses

    Days after the U.S. Supreme Court’s historic gay rights ruling, Texas continued presenting same-sex couples a mixed bag, with the state attorney general advising county clerks Sunday that they do not have to grant marriage licenses if it would violate their religious beliefs.

  • June 29, 2015

    ACA Ruling Highlights Roberts' Split With Conservatives

    The U.S. Supreme Court decision upholding nationwide Affordable Care Act subsidies showed once again that Chief Justice John G. Roberts Jr. relies heavily on congressional intent to interpret federal laws and rejects a narrower approach favored by other conservative justices, experts say.

Expert Analysis

  • Did 'America's Sexiest Man' Almost Doom The ACA?

    Kim Wilcoxon

    Although former Republican Massachusetts Sen. Scott Brown didn't cast the deciding vote in the U.S. Supreme Court's 5-4 ruling in King v. Burwell, the one-time Cosmopolitan magazine pick for "America's Sexiest Man" played a significant role in the legal trials and tribulations of the Affordable Care Act, says Kim Wilcoxon of Thompson Hine LLP.

  • Navigating Calif. Insurance Defense Settlements

    Christine Hiler

    The prospect of settlement can be a delicate endeavor for insureds, particularly when their interests diverge from those of the insurer. Christine Hiler and Samantha Wolff at Hanson Bridgett LLP explore some of the respective obligations and factors to consider when disputes arise in California between insureds and insurers during the settlement process.

  • The Truth About Variable Annuities

    Rhett Owens

    It seems there is no more vehemently decried investment product than the variable annuity. But the truth is that variable annuities can form part of a balanced, effective portfolio if you avoid the red flags that can spawn annuity-related litigation, says Rhett Owens of Burr & Forman LLP.

  • The Risk Of Insuring Supply Chains From Cyber Risk

    Lon A. Berk

    As the Internet of Things expands, so too do cyber risks created by the supply chain. Manufacturers looking to control that risk may seek indemnification and insurance protection from their suppliers, however that strategy contains hidden risks as well, say Lon Berk and Sergio Oehninger at Hunton & Williams LLP.

  • Philly Points To Standing When Fighting Class Actions

    Angelo A. Stio III

    The Philadelphia Court of Common Pleas' ruling in Baum v. Keystone Mercy Health Plan reinforces the case that a lack of standing is a powerful defense for companies facing data breach-related class actions. Baum also recognizes that lack of standing can be asserted at the certification stage when the purported class representative cannot demonstrate that he or she suffered injury or harm, say attorneys at Pepper Hamilton LLP.

  • The Top 3 New Do’s And Don’ts For Law Firm Websites

    Stephan Roussan

    In legal marketing circles, there are few topics peddled about more than “hot tips” for improving your law firm’s website. Google it. You’ll find more advice than you could ever digest. However, there are larger trends in technology, culture and user behavior that are impacting firms in very significant ways and are not being talked about nearly as much as they should be, says Stephan Roussan, founder of consulting and web developm... (continued)

  • AIG Bailout And Dangers Of Invoking 19th Century Principles

    Kathryn Judge

    Judge Thomas Wheeler’s strategic invocation of Walter Bagehot in the recent decision splitting the baby in the American International Group trial is not unique. Rather, it is representative of the ways Bagehot’s dictum has been abused to preclude meaningful discussion of when and how the Federal Reserve should provide liquidity support to troubled financial institutions, says Kathryn Judge, associate professor of law at Columbia Law School.

  • A Lesson In Personal Liability For NY Insurance Brokers

    Sara Ward Mazzolla

    In Lido Beach Towers v. Denis A. Miller Agency Inc. the New York state appeals court affirmed a lower court’s order dismissing all claims of negligence, breach of contract and cross-claims against the individual insurance broker, demonstrating that under certain circumstances an argument based on agency principles may relieve a broker from personal liability for the alleged acts of his principal, says Sara Ward Mazzolla at Bressler... (continued)

  • The Affordable Care Act Dodges Another High Court Bullet

    Denise E. Hanna

    The bottom line of the U.S. Supreme Court's ruling in King v. Burwell is that the Affordable Care Act, as a whole, had a consistent intent for federal tax subsidies to be available to reduce consumer spending on health insurance purchased through federally run exchanges, even if ambiguous provisions and inartful drafting can be found within the statute, say attorneys at Locke Lord LLP.

  • Send Your Reservation Of Rights To The Right Person

    Jay M. Levin

    Most courts hold that an insurance company will not be estopped from denying coverage even if the company participates in the defense, provided it gives timely notice to the policyholder through a reservation of rights letter. But there is one very important caveat — the letter must be both timely and sent directly to the policyholder for whom the defense is provided, say attorneys at Reed Smith LLP.