A Colorado federal judge sentenced a former insurance executive to five years' probation Wednesday for his role in an insider trading scheme involving Delta Petroleum Corp. securities even though prosecutors wanted him locked up for a year.
Lawrence Graham LLP has picked up two new partners for its London headquarters, hiring a real estate financing specialist with experience guiding both banks and borrowers and an up-and-coming insurance coverage litigator, the firm announced Sunday.
A Pennsylvania appellate court ruling that the state’s consumer protection statute does not give an automatic right to a jury trial will stand, this after the Supreme Court announced Wednesday it would not hear an appeal in a case stemming from an insurance dispute.
Investment management giant Apollo Global Management LLC has agreed to heightened policyholder protections, including the implementation of stronger capital standards to protect against insolvency, as part of its plan to acquire Aviva Life and Annuity Co. of New York, state Department of Financial Services regulators said Wednesday.
A New Jersey appeals court on Wednesday sided with Zurich American Insurance Co. in its coverage fight with a school district over an asbestos cleanup, calling the district's arguments "far-fetched."
New York insurer Affinity Health Plan will pay $1.2 million to resolve allegations it breached the Health Insurance Portability and Accountability Act by returning leased photocopiers without scrubbing their hard drives of protected data involving 345,000 patients, federal regulators said Wednesday.
A California federal judge dismissed a putative class action on Tuesday against United American Insurance Co. that alleged its prerecorded telephone calls advertising job openings violated the Telephone Consumer Protection Act, ruling the plaintiff had failed to state an actionable claim.
Nonprofit consumer group Consumer Watchdog urged a California appellate court Wednesday to revive a lawsuit seeking to force insurers to pay for an autism treatment, arguing that a trial court erroneously ruled that patients may only receive coverage if a state-licensed therapist administered the treatment.
The U.S. Department of Defense announced Wednesday that it will extend benefits to same-sex spouses of uniformed service members and DOD civilian employees, with coverage beginning in September.
St. Paul Fire and Marine Insurance Co. and oil and gas waste transporter Bear Productions Inc. on Tuesday settled a coverage dispute related to a proposed class action alleging Bear polluted soil and water in Oklahoma with toxic waste from its operations.
Leaders at Texas’ coastal windstorm insurance pool voted Tuesday to raise premium rates charged to consumers by 5 percent while narrowly rejecting a proposal to restore the association’s strained coffers through a $575 million assessment against member insurance companies.
Bank of America Corp. and its Countrywide Financial unit have reached a deal resolving what remained of a racketeering class action brought by a married couple who claimed they were deceived into taking out a subprime loan that ultimately dragged their house into foreclosure, according to court documents filed Tuesday in California federal court.
A Houston apartment owner on Monday hit Commercial Insurance Solutions Group LP and Southwest Risk LP with a lawsuit alleging the insurers misled it into believing it had full coverage for its properties and was then stiffed for repair costs after Hurricane Ike in 2008.
In a drastic step, the Hawaii Legislature passed a law in 2011 to override an appeals court ruling that jeopardized insurance coverage for construction defects. But far from achieving its goal of providing certainty to builders, the statute has further muddled the litigation landscape, experts say.
The University of Pittsburgh Medical Center on Monday urged a Pennsylvania federal court to enforce a settlement obligating Highmark Inc. to drop antitrust claims against the hospital system after completing an affiliation deal with a UPMC rival, saying Highmark had wrongly claimed that the court lacks jurisdiction.
The National Health Law Program and other nonprofit organizations on Tuesday urged the Sixth Circuit to reverse a ruling exempting the founder of Domino's Pizza from implementing the Affordable Care Act's contraception mandate at an office complex he owns, saying access to contraception is critical to women's health.
The Massachusetts Supreme Court on Monday ordered a suit brought by a woman who claims she was duped by an LPL Financial LLC broker into investing in an unsuitable life insurance policy into arbitration, saying federal law governs the enforceability of an arbitration provision.
A Texas attorney has been indicted on charges that he ran a Ponzi-like scheme that scammed insurance plan managers and their clients out of millions intended for stop-loss insurance for health care benefit programs, instead spending the money on credit card and mortgage payments.
A Florida judge on Monday denied a construction company's bid to dismiss a negligence suit over a March 2011 fire in Miami International Airport's fuel storage system, saying an earlier settlement agreement didn't clearly bar the current claims.
The Internal Revenue Service on Monday finalized its regulations for the disclosure of personal tax information used to determine eligibility for health insurance subsidies under the Affordable Care Act, making only minor tweaks to its initial proposal despite growing lawmaker concerns over how the government will protect such data.