Insurance

  • May 17, 2011

    3rd Circ. Upholds $20M Copyright Verdict For Graham

    The Third Circuit affirmed Monday a nearly $20 million verdict in favor of The Graham Co., which accused a former broker and his new employer of infringing its copyrighted plain-English explanations of different insurance policies and coverage.

  • May 17, 2011

    Q&A With McDermott's Lazar Raynal

    My first trial — an extortion case that involved undercover tapes in Chinese and numerous translators and experts — taught me lifelong lessons about how much discipline and effort it takes to successfully try a jury case, says Lazar Raynal, a partner in McDermott Will & Emery LLP's Chicago office and head of the firm's trial practice.

  • May 17, 2011

    Texas Firms Take On Policyholders To Recoup Business

    Despite having little experience in the field, Texas law firms are turning to insurance coverage disputes as a way to recoup business that dried up due to the slow economy and other factors, experts say.

  • May 16, 2011

    Cuomo Taps Aide As NY Financial Services Regulator

    Democratic New York Gov. Andrew Cuomo on Monday nominated a top aide and former federal prosecutor to run a new state financial services agency with consumer protection and fraud units.

  • May 16, 2011

    Nationwide Off Hook For Chinese Drywall Claims

    A Virginia federal judge ruled Friday that Nationwide Mutual Insurance Co. does not have a duty to defend real estate developer The Overlook Inc. in underlying litigation over its installation of defective Chinese drywall at a townhouse complex.

  • May 16, 2011

    $100M Sex Bias Suit Barred By Contract: Cigna

    An employee seeking $100 million for alleged widespread sex discrimination at Cigna Corp. must arbitrate her claims rather than pursue a proposed class action in Massachusetts federal court, the health insurer argued Monday.

  • May 16, 2011

    High Court Vacates Benefits Ruling For Cigna Class

    The U.S. Supreme Court vacated a decision Monday that directed Cigna Corp. to recalculate benefits for a class of roughly 27,000 workers in a suit over changes to the health service company's pension plan, holding that the plaintiffs had to show actual harm.

  • May 16, 2011

    Banks Claim Right To Seek $5B From MBIA

    Major banks on Friday said New York's highest court should revive their suit over $5 billion that was part of MBIA Inc.'s 2009 restructuring because they never had a chance to oppose state regulators' approval of the bond insurer's restructuring plan.

  • May 16, 2011

    Hartford Sues Insurers Over Asbestos Suits Coverage

    Hartford Accident and Indemnity Co. sued several other insurers in a New York state court on Thursday, seeking a determination on defense and indemnity obligations in underlying actions against Insulation Distributors Inc. over alleged injuries from exposure to products containing asbestos.

  • May 16, 2011

    Policyholder Says John Alden Skimped On Health Coverage

    A John Alden Life Insurance Co. policyholder filed a putative class action in Montana on Friday claiming the company underpaid its insureds on health care costs despite promising customers higher reimbursements.

  • May 13, 2011

    Lloyd's Doesn't Owe Bristol-Myers $11M For Theft: Suit

    Lloyd's of London asked a New York state court Thursday for a judgment that it does not owe Bristol-Myers Squibb Co. an additional $10.6 million over the theft of a truckload of its brand-name drugs, including Abilify, Avalide and Avapro.

  • May 13, 2011

    Insurer Liable For SunTrust Loan Coverage: Judge

    A Virginia federal judge ruled Friday that a United Guaranty Corp. unit owes SunTrust Mortgage Inc. coverage for certain defaulted loans but left the amount of damages resulting from the insurer's denial of that coverage to be determined at trial.

  • May 13, 2011

    House Panel OKs Flood Insurance Reform Bill

    A House panel approved legislation on Friday that would overhaul the government’s beleaguered flood insurance program, opening the door for private companies to assume part of the program’s insurance risk.

  • May 13, 2011

    Life Partners, CEO, GC Could Face SEC Action

    Life Partners Holdings Inc. disclosed Friday that U.S. regulators will recommend launching a civil suit against the company and two of its executive officers over the accuracy of the life expectancy data it used to sell securities to investors.

  • May 13, 2011

    Q&A With Barnes & Thornburg's Jim Leonard

    If you go into Judge Thomas Thrash's court, expect an absolutely and unqualifiedly fair shake — but be prepared every step of the way, says James Leonard, a litigation partner in Barnes & Thornburg LLP’s Atlanta office.

  • May 13, 2011

    ASIC To Pay Millions To Settle Unfair Competition Suit

    American Security Insurance Co. agreed to reduce premiums and pay millions — including $4.9 million in attorneys' fees and costs — to settle with 528,000 Californians in a class action alleging violations of the state's unfair competition law, the plaintiffs said Thursday.

  • May 13, 2011

    AT&T, Cingular Settle With Marsh In Bid-Rigging MDL

    AT&T Wireless Services Inc. and New Cingular Wireless Headquarters LLC buried the hatchet Thursday with Marsh & McClennan Cos. Inc. in a long-running multidistrict litigation in New Jersey accusing scores of companies of engaging in bid-rigging to inflate policyholders' premiums.

  • May 12, 2011

    1st Circ. Says Insurer Isn't Liable In Cynosure Suit

    The First Circuit ruled Thursday that Cynosure Inc.'s insurer does not have to cover the manufacturer in a putative class action over its practice of sending so-called blast faxes to advertise its hair removal and skin rejuvenation products.

  • May 12, 2011

    Calif. Court Revives Safeco Claim Against Lloyd's

    A California appeals court on Wednesday overturned a summary judgment decision for Lloyd's of London in a lawsuit Safeco Insurance Co. of America brought over defense costs in an underlying legal malpractice case that it settled for $10 million.

  • May 12, 2011

    Executive Risk Must Cover Hospital Privacy Row: Judge

    A federal judge ruled Thursday that Executive Risk Indemnity Inc. must provide coverage for most of an $11.5 million payout that the largest hospital system in West Virginia made to settle an underlying defamation and invasion of privacy suit.