Insurance

  • January 6, 2014

    Lance Armstrong Seeks End To $15M Tour De France Row

    Cyclist Lance Armstrong last week asked a Texas court to put an end to arbitration with prize insurer SCA Promotions Inc., which is seeking more than $15 million in sanctions against him after he admitted to lying about his use of performance-enhancing drugs during his Tour de France racing days.

  • January 6, 2014

    6th Circ. Revives Arbitrator's Indemnification Ruling

    The Sixth Circuit on Monday reversed a lower court’s decision to vacate the ruling of an arbitrator who dismissed petitioners’ indemnification claims against Multiband Corp., holding that the arbitrator’s decision was flawed but not in clear disregard for the statute and the contract.

  • January 6, 2014

    Tower Group Agrees To $172M Merger Deal With ACP Re Unit

    Insurance company Tower Group International Ltd. said Monday that it is merging with a subsidiary of Bermuda-based reinsurance company ACP Re Ltd. in a $172.1 million deal.

  • January 6, 2014

    State Farm, Farmers Face Class Actions Over Labor Costs

    State Farm Fire & Casualty Co., Foremost Insurance Company and Farmers Insurance Exchange have been hit with nearly identical class actions in Arkansas federal court accusing the insurers of shorting policyholders by depreciating labor costs in property loss compensation.

  • January 6, 2014

    Pa. State Senators Push Marriage Equality Bill

    Two Pennsylvania state senators on Monday publicly threw their support behind a pair of bills aimed at legalizing same-sex marriage and providing legal protections to gay, lesbian and transgender residents against workplace and housing discrimination.

  • January 6, 2014

    BofA Says $25B Deal Trumps Mortgage Insurance Qui Tam Suit

    Bank of America Corp. asked a California federal judge Friday to dismiss a whistleblower suit alleging it fraudulently obtained federal mortgage insurance by submitting loans based on inflated home appraisals, saying that a $25 billion 2012 settlement with the federal government freed the bank of liability.

  • January 6, 2014

    Hartford Sued For Sandy Coverage Despite Flood Exclusion

    The Greenwich Hotel is suing the Hartford Fire Insurance Co. in New York federal court, arguing that an explosion, rather than flooding, caused a power outage in Lower Manhattan during Superstorm Sandy — an issue under debate in many similar disputes.

  • January 6, 2014

    Female Powerbrokers Q&A: Ideal Legal Group's Evie Jeang

    As a young minority woman running her own firm, I have proven that the stereotypical mold for the practice of law is no longer. Racial and gender diversity, technology, and social media have altered the legal landscape — in today’s world, you have to offer something different in order to set yourself apart, says Evie Jeang, founder of Ideal Legal Group Inc.

  • January 6, 2014

    Female Powerbrokers Q&A: Akin Gump's Christine LaFollette

    At the beginning of my career, the “old boys” needed time to realize that we girls could — and should — be on the same team solving problems together. I don’t think it was an intentional effort to be noninclusive, just a transition that needed to be understood, says Christine LaFollette, partner-in-charge of Akin Gump Strauss Hauer & Feld LLP's Houston office and a member of the firm's management committee.

  • January 3, 2014

    6th Circ. Blocks Health Benefit Cuts For Flint Retirees

    The Sixth Circuit on Friday upheld a ruling blocking cuts to health care benefits for a class of retired city workers in Flint, Mich., saying the lower court had rightly rejected the city’s argument that the cuts were necessary to avoid bankruptcy.

  • January 3, 2014

    Shipbuilder Loses Coverage Bid For Suit Over Faulty Boats

    A Louisiana federal judge on Friday refused to rule that National Union Fire Insurance Co. had a duty to defend Bollinger Shipyards Inc. in a False Claims Act suit by the federal government over allegedly faulty ships, saying Bollinger failed to show the government made a claim against it during the applicable policy period. 

  • January 3, 2014

    Texas Atty Loses Appeal Over Fee Split With Former Firm

    A Texas appeals court said Tuesday that business litigation boutique Ireson & Weizel PC could keep the lion’s share of attorneys' fees recovered in a personal injury suit, rejecting a former partner’s claim to a larger slice of the award.

  • January 3, 2014

    Ace Loses Deductible Fight Over Oil Terminal's Sandy Damage

    A New York state judge held Thursday that a New York City fuel oil terminal owner that suffered nearly $2.28 million in Superstorm Sandy losses could pay a $250,000 deductible to receive flood coverage from Ace American Insurance Co.

  • January 3, 2014

    WolfBlock Says Severance Fight Is Within Coverage Period

    WolfBlock LLP told a Pennsylvania federal judge on Thursday that a decision to stop payments on a former partner’s $400,000 severance package occurred before the end of the coverage period of an insurance policy that should be used to meet the obligation.

  • January 3, 2014

    Insurers' Exhaustion Defense Fails In Asbestos Coverage Suit

    A Maryland federal judge ruled Thursday that defunct insulation purveyor Porter Hayden Co. could tap excess policies issued by a pair of American International Group Inc. insurers for indemnification of underlying asbestos injury suits even if its primary policies had not been completely exhausted.

  • January 3, 2014

    Travelers Told To Hand Heparin Docs To American Capital

    A Maryland federal court has upheld a decision requiring Travelers Property Casualty Co. of America to turn over more documents to private equity firm American Capital Ltd. in a coverage dispute over scores of tainted heparin claims, the latest in a protracted discovery battle.

  • January 3, 2014

    Fed. Circ. Axes US Bid For Interest In $6M Bond Row

    The Federal Circuit has denied a bid from the U.S. government to collect prejudgment interest on a ruling from U.S. Court of International Trade ordering Great American Insurance Co. to pay $6 million for bonds it issued to secure anti-dumping duties on crawfish meat imported from China.

  • January 3, 2014

    NY Court Backs Syracuse's Coverage For Sex Abuse Inquiry

    A New York appeals court recently upheld a ruling that National Union Fire Insurance Co. of Pittsburgh, Pa., must cover Syracuse University's costs from subpoenas in government investigations of claims that former assistant basketball coach Bernie Fine sexually abused ball boys.

  • January 3, 2014

    ACA Birth Control Rule Respects Religion, High Court Hears

    The Obama administration on Friday told the U.S. Supreme Court that religious nonprofits face no serious burden under the Affordable Care Act's birth control mandate, scoffing at the idea that being required to complete an exemption form intrudes on spiritual beliefs.

  • January 3, 2014

    Meadowbrook Defends Rare Arbitration Halt Before 6th Circ.

    Meadowbrook Insurance Group recently urged the Sixth Circuit to uphold an unusual ruling that halted reinsurance arbitration proceedings before a final award was made, claiming that problems with the arbitration panel were valid reasons for the lower court to cut short the proceedings.