The Eleventh Circuit on Tuesday affirmed a ruling backing Axis Surplus Insurance Co.'s refusal to cover costs in a lawsuit brought by Psychic Friends Network co-host Linda Georgian alleging that a psychic telephone hotline used her likeness long after their endorsement deal ended.
The Eleventh Circuit affirmed a lower court’s decision to hold the McCain Law Firm liable for $10 million a Saudi investor lost in a failed film project, saying Monday that the law firm hadn’t disclosed to its insurance company that it took the funds out of escrow.
The Affordable Care Act's definition of a full-time employee as one who works an average of 30 hours per week rather than 40 has big implications for hotels and restaurants with fluctuating workforces, and hospitality companies should use the next year to tackle four major compliance issues raised by the law, attorneys warn.
Contract insulation installer Eagle Inc. sued 15 insurance carriers in Louisiana federal court Tuesday in an effort to lock down the broadest possible coverage for waves of underlying asbestos injury suits.
The Washington Metropolitan Area Transit Authority on Thursday settled a $9 million lawsuit accusing insurance adviser Aon Risk Services Inc. of failing to recommend a policy that would have shielded it from liability in a fatal 2009 crash.
A Florida federal court ruled Friday that reinsurer OneBeacon Insurance Co. did not have to reimburse an insurer for defense costs in a Florida city's billing fight with a contractor, after finding the insurer mistakenly provided coverage to the city under an errors and omissions policy.
UnitedHealthcare Services Inc. is facing a lawsuit arguing that it owes almost $200,000 in unpaid claims for insureds who received magnetic resonance imaging and computed tomography scan services from Image Connection LLC, according to a Monday filing in Texas state court.
A Pennsylvania state judge on Monday threw out an effort by Cigna Corp. to force its excess insurers to cover liability arising from a national class action brought by the company’s employees over benefit plan changes, ruling that coverage is barred by a fraud exemption.
Ace Property & Casualty Insurance Co. asked the Sixth Circuit on Monday to revoke defense coverage that customer services provider Convergys Corp. won for two telephone recording class actions, saying alleged wiretapping alone doesn't implicate its policy.
Goldman Sachs Group Inc. said Tuesday it would unload a majority stake in U.K. pension insurance unit Rothesay Life to a group of big-name investment firms, making good on plans unveiled over the summer to shed the business to match new regulations.
A Washington, D.C., federal judge said Tuesday that he won't dismiss a suit by small-business owners and individuals alleging that an Internal Revenue Service rule unlawfully expands Affordable Care Act insurance subsidies and penalties, but he declined to issue an order enjoining the rule.
The Obama administration may soon announce a brief delay of the Affordable Care Act's individual mandate, a government source said Tuesday, a move that might calm complaints over glitchy health insurance exchanges and erase confusion over the deadline to find coverage.
Several insurance companies have agreed to drop claims to $103 million in assets the U.S. seized from Lebanese Canadian Bank and others during an investigation into a money laundering and drug trafficking scheme tied to a terrorist group, according to documents filed in New York federal court Monday.
The Sixth Circuit ruling that found CSI Insurance Group might be liable for the damages incurred by the Cleveland Indians Baseball Company LP after a spectator was killed at a pregame event improperly expands Michigan state law, the insurer said in a brief Friday.
The Department of Health and Human Services on Monday urged the Eleventh Circuit to let it enforce against Beckwith Electric Co. the Affordable Care Act’s requirement that employer-provided health insurance cover emergency contraceptives, arguing a district court injunction wrongly conflated the rights of the company and its owner.
A large trade group representing insurers on Friday blasted a proposal to change financial reporting of insurance contracts, arguing that it would create unnecessary challenges and costs.
Objections to Residential Capital LLC’s Chapter 11 plan came piling in Monday afternoon challenging provisions that the opponents say prohibit claims against the fallen mortgage lender’s former parent and don’t allow adequate protection for insurers.
A global insurance watchdog on Friday released details on a proposed framework for coordinating oversight of large, internationally active insurers, seeking input on the plan from stakeholders while also ramping up efforts to ensure even implementation of its standards
Two shareholders in an automobile insurance business launched a lawsuit in Pennsylvania state court Friday accusing principals at Salaman Grayson PC of violating professional ethics rules by orchestrating a scheme to oust the company’s board of directors and assume managerial and ownership roles for themselves.
The U.S. and Japan started a round of discussions Monday concerning access to Japan's automotive and insurance markets, along with other thorny issues the two sides are aiming to address parallel to talks for the proposed Trans-Pacific Partnership.