http://www.law360.com/insurance Latest articles for: Insurance Copyright 2012 Portfolio Media, Inc. en-US Wed, 22 Feb 2012 20:47:09 +0000 http://www.law360.com/insurance/articles/312316 http://www.law360.com/insurance/articles/312316 Lexington Insurance Co. launched a suit against Ace American Insurance Co. in Texas federal court Wednesday, seeking a contribution for five underlying suits over a fatal explosion at a gas pipeline owned by Midcontinent Express Pipeline LLC and two affiliates. Wed, 22 Feb 2012 19:06:44 +0000 http://www.law360.com/insurance/articles/312246 http://www.law360.com/insurance/articles/312246 Insurance broker Marsh USA Inc. on Wednesday put to rest a dispute in which two chemical companies sought business interruption coverage stemming from a natural gas explosion at a supplier's Western Australia facility, leaving National Union Fire Insurance Co. of Pittsburgh and Ace American Insurance Co. on the hook in the case. Wed, 22 Feb 2012 18:49:29 +0000 http://www.law360.com/insurance/articles/312273 http://www.law360.com/insurance/articles/312273 A number of former Washington Mutual Inc. executives objected Wednesday to the bankrupt bank's refusal to set aside cash reserves to cover their existing and potential indemnification claims. Wed, 22 Feb 2012 18:00:19 +0000 http://www.law360.com/insurance/articles/312024 http://www.law360.com/insurance/articles/312024 An attorney for a Chubb Corp. affiliate told a New York state appeals court Wednesday that the insurer shouldn't have to pay Starwood Hotels & Resorts Worldwide Inc.'s defense costs for a lawsuit stemming from construction cost overruns at a Florida hotel. Wed, 22 Feb 2012 16:51:49 +0000 http://www.law360.com/insurance/articles/311598 http://www.law360.com/insurance/articles/311598 The Fifth Circuit found Monday that Colony National Insurance Co. does not owe defense costs to lifting equipment manufacturer Manitex LLC in underlying litigation over a crane accident, finding Manitex did not assume its predecessor-in-interest's tort liability to trigger coverage. Wed, 22 Feb 2012 16:25:17 +0000 http://www.law360.com/insurance/articles/312136 http://www.law360.com/insurance/articles/312136 A Pennsylvania federal judge on Wednesday refused to award summary judgment to General Refractories Co. or its insurers in a long-running dispute over the insurers’ purported duty to defend the manufacturer against underlying asbestos claims. Wed, 22 Feb 2012 15:33:48 +0000 http://www.law360.com/insurance/articles/311722 http://www.law360.com/insurance/articles/311722 Carolina Casualty Insurance Co. sued biopharmaceutical company Omeros Corp. on Tuesday, seeking to avoid covering claims from an underlying False Claims Act action brought by the company's former chief financial officer concerning allegedly fraudulent National Institute of Health grants. Tue, 21 Feb 2012 23:20:33 +0000 http://www.law360.com/insurance/articles/311889 http://www.law360.com/insurance/articles/311889 A Catholic university in Florida on Tuesday sued the Obama administration, claiming the new rule requiring employers to include free contraceptive care in their health plans is unconstitutional, the latest such suit challenging the provision. Tue, 21 Feb 2012 22:00:08 +0000 http://www.law360.com/insurance/articles/311835 http://www.law360.com/insurance/articles/311835 Attorneys representing Evanston Insurance Co. told a California federal judge on Tuesday that the insurer doesn't have a duty to defend MGA Entertainment Inc. in its ongoing trade secrets feud with Mattel Inc. over the Bratz doll line. Tue, 21 Feb 2012 21:56:43 +0000 http://www.law360.com/insurance/articles/311607 http://www.law360.com/insurance/articles/311607 The Eighth Circuit on Tuesday affirmed a ruling that Developers Diversified Realty Corp. affiliates violated leases with Best Buy Stores LP by self-insuring part of their shopping centers' liability coverage, but said further litigation is needed to determine their exact liability. Tue, 21 Feb 2012 19:02:40 +0000 http://www.law360.com/insurance/articles/311529 http://www.law360.com/insurance/articles/311529 New York's highest court on Tuesday ruled that an excess insurance policy Federal Insurance Co. issued to IBM Corp. didn't cover the settlement of class claims over the company's alleged violations of the Employee Retirement Income Security Act. Tue, 21 Feb 2012 18:43:19 +0000 http://www.law360.com/insurance/articles/311231 http://www.law360.com/insurance/articles/311231 California's attorney general and 12 other states defended the constitutionality of the new health care reform law's Medicaid expansion, saying in an amicus brief filed in the U.S. Supreme Court on Friday that the provision retains the program's long-accepted cooperative structure. Tue, 21 Feb 2012 17:03:23 +0000 http://www.law360.com/insurance/articles/311612 http://www.law360.com/insurance/articles/311612 An attorney for a JPMorgan Chase & Co. affiliate told a New York state judge Tuesday that federal litigation prevented bond insurer Syncora Guarantee Inc. from suing the bank over allegations that Syncora lost $404 million when it insured mortgage-backed securities. Tue, 21 Feb 2012 17:01:16 +0000 http://www.law360.com/insurance/articles/311374 http://www.law360.com/insurance/articles/311374 Arch Specialty Insurance Co. accused underwriter Axiom Insurance Managers Agency LLC in New York federal court on Friday of breaking an agreement by charging too little to cover policies' actual risks, and seeks at least $17.2 million in damages. Tue, 21 Feb 2012 15:31:55 +0000 http://www.law360.com/insurance/articles/311420 http://www.law360.com/insurance/articles/311420 DLA Piper said Tuesday it had lured William Marcoux, previously a co-chair of Dewey & LeBoeuf LLP's insurance sector group, over to its New York office to head the firm's insurance sector transactions and regulation practice. Tue, 21 Feb 2012 14:10:25 +0000 http://www.law360.com/insurance/articles/311270 http://www.law360.com/insurance/articles/311270 National Casualty Co. improperly denied coverage when the maker of 5-Hour Energy drinks was sued by a competitor for false advertising and trade libel, leaving Citizens Insurance Co. of America to pay for defense costs that should have been split, Citizens alleges in a complaint filed Friday. Tue, 21 Feb 2012 13:44:43 +0000 http://www.law360.com/insurance/articles/311255 http://www.law360.com/insurance/articles/311255 Aetna Inc. on Friday fired back at Blue Cross Blue Shield of Michigan's attempt to dismiss an antitrust suit claiming that Blue Cross has dominated Michigan's insurance market through exclusionary hospital agreements that have driven up prices and hurt competition. Fri, 17 Feb 2012 21:57:46 +0000 http://www.law360.com/insurance/articles/311286 http://www.law360.com/insurance/articles/311286 A New York federal judge on Friday refused to dismiss a suit alleging Huron Consulting Group Inc. and Empire HealthChoice Assurance Inc. overbilled Medicare and Medicaid by $50 million while running St. Vincent Catholic Medical Centers into the ground. Fri, 17 Feb 2012 20:03:08 +0000 http://www.law360.com/insurance/articles/311099 http://www.law360.com/insurance/articles/311099 Texas' highest court agreed Friday to rehear a dispute involving Texas Mutual Insurance Co. in which it had ruled that claims against workers' compensation insurers for unfair settlement practices could not be made under state insurance law. Fri, 17 Feb 2012 19:50:46 +0000 http://www.law360.com/insurance/articles/310784 http://www.law360.com/insurance/articles/310784 Making its final two decisions on waiver requests from states looking to escape the provisions of the health care reform law's medical loss ratio restricting insurance spending, the Obama administration denied Wisconsin while giving North Carolina the green light Thursday.