Insurance

  • May 20, 2013

    Airlines May Launch 'Act Of War' Defense At 9/11 WTC Trial

    The owner of the World Trade Center failed Monday to persuade a New York federal judge to prevent American Airlines Inc. and United Airlines Inc. from arguing that the 9/11 attacks were an "act of war" that they could not be held responsible for.

  • May 20, 2013

    11th Circ. Slashes Fla. Firm's Award In Condo Coverage Row

    The Eleventh Circuit on Monday slashed a $3 million contingency fee awarded to Florida law firm Rosenbaum Mollengarden PLLC, whose equity partner was associated with two previous law firms throughout his representation of a Miami condominium association in an underlying insurance dispute.

  • May 20, 2013

    Lew Likely To Face Flak Over IRS, Not Financial Rules

    Treasury Secretary Jack Lew is scheduled to address potential risks to the financial system when he appears before Congress this week, but the growing scandal over the Internal Revenue Service's targeting of conservative groups threatens to overshadow his eagerly anticipated faceoff with lawmakers over everything from systemically important financial institutions to money market fund reform.

  • May 20, 2013

    Kasowitz Opens LA Office With 2 Ex-Jenner & Block Pros

    Kasowitz Benson Torres & Friedman LLP opened the doors to a new office in Los Angeles on Monday with the addition of two well-regarded policyholder attorneys from Jenner & Block LLP: Jerold Oshinsky, the former co-chair of Jenner's insurance group, and Linda Kornfeld, who is now Kasowitz's managing partner in LA.

  • May 20, 2013

    Insurers Dodge Coverage Of Libel Suits In 2nd Circ.

    The Second Circuit on Monday let three insurers off the hook in two suits seeking coverage for a $1.48 million defamation judgment against First Advantage Litigation Consulting LLC, agreeing with a lower court that none of them had a duty to defend or indemnify First Advantage.

  • May 20, 2013

    Calif. Insurer Accused Of Bilking Policyholders

    A California man claiming he is being shortchanged on his medical insurance benefits lodged a putative class action in state court accusing Unum Life Insurance Co. of America of denying an annual benefit increase guaranteed in its long-term care policies.

  • May 20, 2013

    HHS Adjusts Payments For Pre-Existing Condition Plan

    The U.S. Department of Health and Human Services issued an interim final rule Friday revamping payment rates for its Affordable Care Act-mandated pre-existing condition insurance plan, saying the program would otherwise run out of funding because of higher-than-expected costs.

  • May 20, 2013

    Squire Sanders Beats Hartford's Appeal Over $15M Legal Tab

    A California appeals court held Friday that Hartford Casualty Insurance Co. could not sue Squire Sanders directly to win back some of the $15 million it paid the firm to independently defend J.R. Marketing LLC against claims that its founders stole business from a former employer.

  • May 20, 2013

    Q&A With Carlton Fields' Dave Leonard

    In many states, most insurance law develops in cases involving lower-limit consumer policies. As a result, assumptions that courts may apply to consumer policies can affect the result in sophisticated cases, says Dave Leonard, a shareholder with Carlton Fields.

  • May 17, 2013

    Winston & Strawn Faces DQ Bid In Calif. City Bankruptcies

    Citing an alleged conflict of interest, the California Public Employees’ Retirement System told a California federal judge on Friday that Winston & Strawn LLP should be disqualified from representing a creditor in the Chapter 9 bankruptcies of the cities of Stockton and San Bernardino.

  • May 17, 2013

    Penn. Insurance Exchange Leaders Want $300M Action Nixed

    Directors of a company that runs the Erie Insurance Exchange urged a Pennsylvania federal court to toss a $300 million putative class action claiming they violated fiduciary duties to millions of exchange members, arguing that the dispute belongs before the Pennsylvania Insurance Department.

  • May 17, 2013

    ING Gave Morgan Stanley Kickbacks For 401(k) Biz, Suit Says

    An Alabama medical laboratory filed a proposed class action in New York federal court on Friday alleging Morgan Stanley & Co. Inc. encouraged the lab to use ING Life Insurance and Annuity Co. to administer its employees' 401(k) plan because ING paid the brokerage firm extra fees.

  • May 17, 2013

    Iowa Court Blocks Insurer Caps On Unreimbursed Dental Care

    The Iowa Supreme Court on Friday ruled that insurers in the state can’t limit the maximum fee charged by a dentist for a service generally included in a dental plan but not reimbursed because of a plan restriction, overturning a decision by the state’s insurance commissioner.

  • May 17, 2013

    Hartford Sanctioned Again In Fight With Medical Center

    Hartford Fire Insurance Co. was sanctioned Thursday for repeatedly misrepresenting to an Indiana federal court that it had turned over all of the documents that Illiana Surgery and Medical Center LLC requested in a coverage suit that arose after someone deleted valuable data from the hospital's computer system.

  • May 17, 2013

    GSK Says Comcast Ruling Kills Avandia Injury Class Action

    GlaxoSmithKline PLC on Friday urged a Pennsylvania federal judge to reject two Humana Inc. units’ bid for class certification over costs borne by the insurers for treating Medicare patients harmed by the drug Avandia, contending that it is barred by the Supreme Court’s recent Comcast decision.

  • May 17, 2013

    Citibank Asks Judge To Toss Reinsurance Fraud Class Action

    Citibank NA on Thursday urged a Pennsylvania federal judge to toss a putative class action alleging it schemed with private mortgage insurers to push fraudulent reinsurance on home mortgages, saying homeowners waited too long to sue under the Real Estate Settlement Procedures Act.

  • May 17, 2013

    Secure Energy Loses D&O Coverage For $4M Suit After Delay

    A Missouri federal court ruled Wednesday that Secure Energy Inc. could not win coverage under directors and officers policies for a $3.8 million breach of contract suit because it waited too long to report the claim, holding that it was irrelevant whether the late notice actually prejudiced the insurer.

  • May 17, 2013

    Highmark Says Policyholders Can't Seek Antitrust Damages

    Highmark Inc. on Friday again asked a Pennsylvania federal judge to toss an antitrust class action in which health insurance buyers accuse it of conspiring to stifle competition and inflate rates, arguing that the rates were approved by the Pennsylvania Insurance Department.

  • May 17, 2013

    Q&A With Lydecker Diaz's Mark Hendricks

    The desire to find other sources of money to satisfy large judgments has caused an increase in professional liability claims against attorneys in their handling of claims for insureds and carriers, says Mark Hendricks, a managing partner with Lydecker Diaz.

  • May 16, 2013

    Fla. Force-Placed Insurance Suits Can Proceed, Judge Says

    A Miami federal judge on Thursday refused to dismiss several putative class actions in Florida that claim a slew of major banks and insurance companies conspired to overcharge homeowners for force-placed insurance, also saying that the cases will move quickly.