OneBeacon Insurance Group can't recoup from a noninsured affiliate of Estee Lauder Company some of the $3.8 million in defense costs the insurer paid in litigation over Estee Lauder's alleged hazardous waste dumping, according to a New York state court order posted Monday.
The Connecticut Supreme Court has sharply reduced the amount of insurance available for wrongful death and injury claims stemming from a nursing home fire set off by a resident, holding in an opinion to be published Tuesday that coverage was limited to $1 million, not $10 million, as a lower court had ruled.
Ambac Assurance Corp. can pursue fraud claims against JPMorgan Chase & Co. over residential mortgage-backed securities it insured because the deal closed so quickly that the bond insurer might not have had a chance to review the loan files, a New York state judge ruled Monday.
The use of the “genuine dispute” doctrine has been a huge step forward in dealing with dubious “bad faith” suits, says Royal Oakes, a partner with Barger & Wolen LLP specializing in insurance law.
The California State Legislature voted on Saturday to expand Medicaid benefits to 1.4 million low-income residents, approving a provision of the federal Affordable Care Act.
Pillsbury Winthrop Shaw Pittman LLP has snapped up a former Lowenstein Sandler PC insurance specialist as a partner in its New York office, expanding its offerings for commercial policyholders suing their insurers, Pillsbury said Monday.
The Texas Supreme Court on Friday said it would not hear arguments that the state should extend the time to file legal malpractice claims that come from transactional work as well as litigation, in a case involving real estate tax advice that allegedly cost a business $2 million when a holding company went bankrupt.
The First Circuit on Friday refused to reconsider its published ruling allowing a Phoenix Cos. Inc. life insurer to keep the premium for a $5 million policy it rescinded after learning the policyholder was not the wealthy real estate investor he claimed to be.
The Centers for Medicare and Medicaid Services on Friday said it will allow states to run the Affordable Care Act's health insurance exchanges for small businesses while leaving the federal government responsible for online marketplaces serving individuals, the latest bid to encourage wider participation.
Two Democrat senators introduced a bill Friday that would allow churches to receive small-employer tax credits under the Affordable Care Act without changing their current health plans.
Warren Buffett's Berkshire Hathaway Inc. has agreed to be more transparent with shareholders about its catastrophe insurance claims and its reserve adjustment policies in response to a U.S. Securities and Exchange Commission inquiry, according to documents made available Thursday.
A California appeals court has disqualified a law firm hired by CastlePoint National Insurance Co. from defending a construction defect suit against CastlePoint's policyholder after holding in an opinion published Thursday that the firm faced a conflict of interest.
A California appeals court has reversed a judgment of more than $1 million against Chicago Title Insurance Co. in a coverage dispute with Liberty National Enterprises LP over a suit claiming fraud, according to a decision published Thursday that rejected Liberty's efforts to distinguish a significant 1981 ruling.
Vodafone could pad its $9.6 billion buyout bid for Kabel Deutschland after the Germany company spurned the initial offer, while Siemens is looking for a way out of its 50-50 joint venture with Nokia that carries an estimated worth of $9.4 billion.
I think issues arising out of an insurer’s duty to defend or pay defense costs will always be critical under all forms of liability insurance. Securing and implementing an insurer’s defense obligation is a persistent problem, says John Heintz, leader of Dickstein Shapiro LLP's insurance coverage group.
Winston & Strawn LLP was reportedly disqualified Thursday from representing bond insurer National Public Finance Guarantee Corp. — a creditor in the San Bernardino, Calif., bankruptcy — after the California Public Employees' Retirement System claimed the firm had hired attorneys who switched sides after representing CalPERS.
The California bankruptcy judge overseeing the largest-ever municipal bankruptcy on Wednesday refused a request by Assured Guaranty Corp. to change his determination that the bond insurer failed to negotiate in good faith with the city of Stockton.
There was no ambiguity about a real estate executive's intent when he signed an indemnification agreement tied to debt that was supposed to fund Florida condos, a New York appeals court ruled Wednesday, awarding summary judgment to a bond insurer seeking to hold the executive personally liable for $3.9 million in losses.
A California federal judge Wednesday revived a previously dismissed suit brought by a Kaiser Foundation Health Plan Inc. union accusing the company of illegally paying workers to advocate for a rival union, saying plaintiffs can add allegations that Kaiser paid hundreds more workers to campaign than initially claimed.
California's insurance commissioner Thursday urged the state agency implementing its Affordable Care Act health exchange to bar Anthem Blue Cross Life and Health Insurance Co. from participating in the small business market due to its unreasonable rate hikes in the past.