A judge has found that regulatory communications between Fifth Third Bank and the Federal Reserve Bank of Cleveland are off-limits for discovery purposes in a more than $500 million contract suit lodged by Fifth Third against Transamerica Life Insurance Co. and Clark Consulting Inc. over losses in investments routed to a hedge fund.
A California appellate court has ruled that a law firm need not be disqualified from a case in which one of its attorneys has a conflict of interest if it can prove that the conflicted attorney didn't share relevant information with the rest of the firm, reversing a lower court's decision.
After a modest start this year, mergers and acquisitions activity aimed at banks, asset management firms, and insurance companies is well positioned for an uptick, particularly as companies gain a greater understanding of proposed regulatory reforms, according to a new report.
Akin Gump Strauss Hauer & Feld LLP partner Katherine Katchen has represented Independence Blue Cross and its subsidiaries in numerous reimbursement cases around the country for the past decade, including in a national class action settlement, earning her a spot on Law360's list of 10 insurance lawyers under 40 to watch.
State of Washington-based health insurer Premera Blue Cross and two subsidiaries are facing a proposed collective action accusing the companies of illegally failing to pay overtime and benefits to their technical support workers by classifying them as exempt from the Fair Labor Standards Act.
Five more U.S. states are joining a multistate suit challenging President Barack Obama's health care legislation, including two states whose Republican governors have sidestepped Democratic attorneys general in order to jump in on the litigation.
Commercial vacancies have proliferated across the country in recent years as the economy faltered, raising risks of vandalism or theft and causing some property owners to stumble upon unpleasant surprises when they ask insurers to pay for the damages.
Beleaguered insurance giant American International Group Inc. has agreed to pay $9 million to settle a lawsuit alleging that it conspired with broker Marsh & McLennan Cos. Inc. to eliminate competition in the commercial casualty insurance industry.
From shepherding the nation's largest health insurer WellPoint Inc. through billions of dollars worth of acquisitions to spearheading his firm's efforts to attract more insurance business in the U.S., Linklaters LLP partner Dan Dufner has developed an industry track record worthy of a place on Law360's list of 10 insurance attorneys under 40 to watch.
National Union Fire Insurance Company of Pittsburgh, Pa., has finally won its way out of the sprawling litigation over the levee breach that drenched parts of New Orleans after Hurricane Katrina, on the grounds that its policies did not provide coverage for the plaintiffs' claims.
A federal judge has refused to kill a decade-long, $23 million reinsurance dispute between Continental Casualty Co. and AXA Global Risks (UK) Ltd. and Assicurazioni Generali SpA over the construction of a Missouri power plant.
Ace American Insurance Co. has lodged a counterclaim seeking contribution from Zurich American Insurance Co. for $3.9 million paid to a hospital worker who claimed she contracted interstitial lung disease from inhaling a toxic mix of cleaning chemicals.
Despite a perceived jury bias against insurance companies, Troutman Sanders LLP's Jonathan Cohen has helped clients like Federal Insurance Co. win trial victories, all while rising through the ranks to become the firm's youngest partner and now earning a spot on Law360's list of 10 insurance lawyers under 40 to watch.
Reversing a lower court decision, a federal appeals court has ruled that Hyundai Motor America is entitled to defense coverage by National Union Fire Insurance Co. of Pittsburgh, Pa., in a patent infringement suit over an advertising method that ended with a $34 million verdict against the automaker.
Real estate mogul Sheldon H. Solow has dropped bid-rigging and fraud claims against reorganized insurance and financial services company Conseco Inc. and its Carmel Fifth LLC unit, ending litigation sparked by Conseco's $1.4 billion sale of the General Motors Building in New York City to a bidder competing against Solow.
Siding with the owner of three chain stores destroyed in the Sept. 11 terrorist attacks on New York's World Trade Center, a federal judge has ruled that Factory Mutual Insurance Co. cannot consider the “wider effects” of the attacks in calculating Retail Brand Alliance Inc.'s business interruption loss.
Steering homebuilder Dragas Management Corp. through the first Chinese drywall insurance coverage action filed in the U.S. and representing policyholder Tyson Foods Inc. in a coverage suit over environmental claims from poultry operations mark just another day in the office for Jenner & Block LLP's Kali N. Bracey, garnering her a spot on Law360’s list of 10 insurance lawyers under 40 to watch.
A federal appeals court has affirmed a lower court's finding that USAA Casualty Insurance Co. does not have to indemnify a former Chevron Corp. lawyer who was sued by the oil giant for breach of his employment contract.
A federal appeals court has found that Ace American Insurance Co. does not owe coverage to Thomas The Tank Engine toy maker RC2 Corp. Inc. for legal actions stemming from recalls involving lead-containing toys that were manufactured in China, finding that the policies exclude the claims.
A federal judge has dismissed a consolidated class action lawsuit accusing a slew of major title insurers of conspiring with an Ohio rating bureau to fix prices in violation of federal and state antitrust laws.