Nearly all states have developed effective strategies to implement new insurance standards set by the 2010 health care overhaul, but questions linger about whether states properly can enforce more complex mandates that take effect in 2014, according to Commonwealth Fund report published Thursday.
A California appeals court on Friday said insurers involved in investment disputes may proceed before a Financial Industry Regulatory Authority arbitration panel if they are acting as agents for a party with an arbitration agreement even if the insurance company itself is not.
As the Obama administration's health reform law celebrates its second anniversary, it also faces its greatest challenge as Supreme Court oral arguments examining the constitutionality of the mandate start Monday.
An AXA SA unit argued in a New York state appeals court Friday that it should be able to seek punitive damages from an ING Groep NV subsidiary, which AXA claims misled it into paying $1.5 billion for a Mexico-based insurer.
The Democratic ranking member of the U.S. House Committee on Ways and Means introduced a bill on Thursday he says would help end overpayments to private insurers in the Medicare Advantage program, saving taxpayers $20 billion over the next 10 years.
A California judge ruled Friday that Continental Casualty Co. isn't required to provide coverage to Lifeforce Cryobank Sciences Inc. as it fights claims it siphoned millions from another company and defrauded its shareholders, deciding Lifeforce's president was acting independently when the fraud was committed.
A California state judge ruled Friday that rock band Linkin Park can continue to pursue claims that Certain Underwriters at Lloyd’s, London wrongfully denied a $2.4 million insurance claim over a cancelled China tour, saying disputes about the singer's health supported proceeding to trial.
Day Pitney LLP has lured insurance and reinsurance pro Michael Mullins from Choate Hall & Stewart LLP to join its Boston office as partner, the firm said Thursday.
ACE Bermuda Insurance Ltd. associate general counsel Joshua Schwartz began serving as the insurer’s regional compliance officer in 2011, ensuring the company complies with Bermuda and U.S. regulations, and also found time to mediate a high-profile bankruptcy settlement, work that won him a spot among Law 360’s top five insurance attorneys under 40.
The Defense of Marriage Act unconstitutionally discriminates against the family choices of same-sex spouses and domestic partners by denying federal tax benefits for long-term care insurance, a class of California state employees told a federal judge Thursday.
MBIA Inc.'s push to squeeze more documents from Bank of America Corp.'s Countrywide unit in the insurer's multibillion-dollar lawsuit over securitized mortgages that MBIA insured could delay the trial by six to nine months, a New York state judge said Friday.
American Economy Insurance Co. does not have to cover a Pennsylvania T-shirt maker who lost a suit alleging his "Terrible T-shirt" infringed the famous Pittsburgh Steelers Terrible Towel trademark, a federal judge ruled Friday.
Two insurance companies have raised their premiums an “unreasonable” amount on individual and small group policyholders in nine states, the U.S. Department of Health and Human Services said Thursday, and called on the companies to rescind their rate hikes.
Employers Fire Insurance Co. will pay $11 million as part of a larger settlement filed Thursday that resolves its coverage dispute with Basic Food Flavors Inc. and $34 million in claims against the flavor enhancer stemming from the recall of a salmonella-tainted product.
A federal judge on Thursday decertified a class of title agents seeking to exclude nonattorneys from acting as agents for several title insurance companies after the insurers argued the U.S. Supreme Court’s recent ruling in Wal-Mart Stores Inc. v. Dukes invalidated the class.
Smithfield Foods Inc. and its insurers on Thursday launched a suit against the U.S. government in California that they had previously filed in Wisconsin, trying again to recoup $326 million in losses from a fire at a pork processing plant that started when a U.S. marine fired a military-issue flare.
JPMorgan Chase & Co. settled a putative class action Wednesday in California federal court that accused the banking giant of fraudulently selling insurance policies to its customers without their permission and deducting the policies’ costs from their bank accounts.
Republican lawmakers took a nuts-and-bolts approach to attacking the president's health care reform law Wednesday in a hearing where they grilled the director of the agency charged with implementing many of the law's provisions.
A Pennsylvania federal judge said Wednesday that insurers for General Refractories Co. could not exit the company's suit seeking coverage for underlying asbestos litigation, saying a meaningful dispute existed over the language of exclusions in the insurance policies.
The FDIC on Wednesday said that it has filed lawsuits against 369 directors and officers of failed banks totaling nearly $8 billion, vastly outpacing lawsuit totals from before the recession.