A New Jersey hospital’s suit against heath insurance provider Healthfirst Inc. seeking $26.3 million in unpaid government-assisted medical claims belongs in state court, the Third Circuit held Tuesday, saying the federal court didn’t have jurisdiction to toss the dispute.
The agency that runs New York City's buses and subways told a New York federal court Monday a dispute over $20 million in coverage for damage incurred in Superstorm Sandy should be arbitrated in London under the policy, not in New York as the insurer contends.
Millennium Laboratories told a California federal judge on Monday that an insurer was recycling old arguments in its bid for rehearing of an order granting $5 million in coverage for a federal Health Insurance Portability and Accountability Act investigation.
The New Jersey Supreme Court will consider whether Givaudan Fragrances Corp. received a valid assignment of rights under an affiliate's insurance policies and can pursue more than $500 million in pollution claims coverage from an army of insurers, according to an order Monday.
Steptoe & Johnson LLP lifer Roger Warin founded the firm’s insurance practice and has remained its lynchpin, helicoptering into complex appeals and securing several major wins for AIG, Travelers and others over the past year, earning a spot as one of Law360s Insurance MVPs for 2015 in the process.
A Second Circuit panel has said it will not revisit its ruling that an insurance company owes three $1 million payouts in relation to a dump truck crash on a New York state highway that caused two subsequent highway accidents.
A Texas federal judge on Monday let Commerce and Industry Insurance Co. out of Miramar Petroleum Inc.'s coverage battle over damages stemming from an oil well blowout after the oil and gas company agreed that it didn't have a claim against the insurer.
The U.S. House of Representatives passed several financial bills Monday, including legislation exempting certain commercial swaps transactions from clearing requirements, extending solvency protections for insurers associated with savings and loans companies and limiting compensation for the CEOs of Fannie Mae and Freddie Mac.
A California federal judge on Monday certified classes of senior citizens accusing ING USA Annuity and Life Insurance Co. of selling life insurance contracts that didn't pay out as promised, ruling they could pursue some of their breach of contract and fraud claims.
Attorneys for a Bank of America Corp. unit on Monday asked a New York judge to throw out a $600 million lawsuit brought by bond insurer Ambac Assurance Corp. over allegedly faulty mortgage debt originated by Countrywide Home Loans Inc. and affiliates, saying the lenders never had any obligation to Ambac.
For the second straight year, Law360 collected data from nearly 300 law firms about their partner head counts in the following practice areas: bankruptcy, competition, environmental, insurance, intellectual property, labor and employment, mergers and acquisitions, product liability, real estate, and securities and white collar litigation. The results show that for many of these practices, BigLaw behemoths are beefing up their partnerships while the rest of the legal industry is lagging behind.
Shernoff Bidart Echeverria Bentley LLP managing partner Michael Bidart has had a busy year notching litigation victories and hefty settlements for policyholders, including recovering more than $10 million for a Southern California city in a bad faith action against its insurers, landing him a slot among Law360’s Insurance MVPs for 2015.
Grocery store chain operator Supervalu Inc. is not an insurer and thus was not contractually obligated to settle the personal injury claims of a woman hit by a motorized cart at one of its subsidiary stores, the First Circuit ruled Friday.
Families of 9/11 terrorist attack victims and insurance companies that covered post-attack claims have asked a New York federal court to make Iran pay billions in damages for allegedly sponsoring the attack, arguing the court should use an earlier default judgment against the country.
A divided Pennsylvania Superior Court said in a published decision Friday that a state law mandating insurance coverage for autism care trumped a policy exclusion that would have let Independence Blue Cross off the hook if an insured’s school provided similar services.
Wood Smith Henning & Berman LLP on Friday blasted its own client’s attempt to disqualify it as insurer-appointed counsel in an environmental suit, saying it hasn’t breached its ethical duties to the California resort owner, but that the relationship is so damaged the insurer should appoint new counsel anyway.
The U.S. Supreme Court declined Monday to consider a case that UnitedHealth Group Inc. argued could have settled an appellate split over whether claim administrators can be sued under the Employee Retirement Income Security Act.
New York's top financial regulator recently previewed upcoming cybersecurity rules for banks and insurers, a move that is likely to become a model for other state authorities and ramp up institutions' exposure in both enforcement actions and private litigation over data breaches.
A California federal judge on Friday refused to let AIG Property Casualty Co. escape its contractual duty to defend actor Bill Cosby in defamation suits related to his alleged sexual misconduct, holding that case law supports Cosby's narrower interpretation of two homeowner insurance policies.
In the past 15 years, Pillsbury Winthrop Shaw Pittman LLP’s Joseph Jean has recovered more than $5 billion in damages for policyholders, including a blockbuster $46 million punitive damages award in August by a California jury against three AIG units, landing him a spot on Law360’s Insurance MVPs for 2015.
As the curtain begins to fall on 2015, it’s especially important for attorneys at firms operating on a Dec. 31 year-end to finalize their tax planning strategies. One of the biggest challenges is identifying a financial adviser who understands the unique demands facing attorneys, especially those pursing an equity partnership or who have already attained that status, says Stuart Riemer of Treasury Partners.
In SRM Inc. v. Great American Insurance Co., the Tenth Circuit held that while a primary insurer may owe its insured a duty to initiate settlement discussions, that duty does not extend to an excess insurer, highlighting just what a primary insurer is expected to do when investigating and defending a claim against its insured, say Nicole Richardson and Marc Rindner at Wiley Rein LLP.
Delving into pro bono legal work upon arrival at your new firm will put you on sound footing and a step ahead of your colleagues who don’t. Sounds too good to be true? Let’s take a look at a few of the most common refrains from experienced practitioners and see if a pro bono compass can’t guide you to success, says Kevin Curnin of the Association of Pro Bono Counsel.
Companies are well advised to purchase insurance to protect against customer claims based on defective products, but accessing the benefits of that coverage requires carefully managing the perilous conflict between the business imperative of restoring the customer relationship and stringent insurance requirements, says Carl Blumenstein at Nossaman LLP.
The agreement between the U.S. Department of Labor and New York Attorney General Eric Schneiderman on addressing violations of the Employee Retirement Income Security Act and New York laws regulating employer health benefit plans will likely have the greatest implications for self-insured employers with a presence in New York and third-party health benefit administrators serving them, say attorneys at Greenberg Traurig LLP.
The International Association of Insurance Supervisors recently concluded its initial development of the higher loss absorbency requirement for global systemically important insurers, which, along with the solvency II regime in Europe, will drive mergers and acquisitions opportunities in the insurance sector for all participants, say attorneys at Debevoise & Plimpton LLP.
Overhauling your law firm’s website is a lot more complex today than it was the last time you took it on. For a growing number of firms, a design refresh with modest functional upgrades over an existing core can be a smart and cost-effective way to improve your brand while catching up with evolving trends. But first you have to ask the right questions, says Stephan Roussan of ICVM Group Inc.
The Protecting Affordable Coverage for Employees Act essentially excises the transitional expansion of the definition of “small employer” from the Affordable Care Act and also contains new language that allows states an option to expand the small employer market within their jurisdiction, says Michael Morris of Bressler Amery & Ross PC.
In Indian Harbor Insurance Co. v. F&M Equipment the Third Circuit addressed the deceptively simple question of whether a renewal offer by an insurer to its policyholder is a renewal as promised by the policy, says Larry Schiffer at Squire Patton Boggs LLP.
Federal law generally protects lessors, passive owners and secured parties from liability if they are not in actual possession or control of an aircraft at the time of a casualty event. However, there are limitations in relying on federal law protections as state law interpretations of the meaning and effect of federal law differ, say Michael Mulitz and Kate Gracia of Kaye Scholer LLP.