The Republican governors of Florida, Texas and Louisiana on Tuesday sent a letter to President Barack Obama, saying a recent announcement by his administration that Medicare Advantage plans can expect a payment increase instead of a rate cut was "political theater" and urging him to work with Congress to strengthen the program.
The Eleventh Circuit on Tuesday affirmed a lower court's decision that Chartis Specialty Insurance Co. was not required to defend a Florida maintenance and repair parts company against allegations that it violated the law through a “junk fax” campaign.
An administrative law judge on Friday denied Kaiser Permanente’s attempt to block the public and journalists from an upcoming hearing over a $4 million fine that California had levied against the health plan provider for its deficient mental health services.
Ironshore Indemnity Inc. has removed to Texas federal court a $1 million suit in which Shamoun & Norman LLP accuses it of failing to cover the firm and its managing partner over allegations they breached their fiduciary duties to a former client, a Monday filing said.
The Sixth Circuit last week quashed an unusual ruling that froze an ongoing reinsurance arbitration between Meadowbrook Insurance Group members and an American International Group Inc. unit, sending a clear signal that courts should not interrupt arbitration proceedings even under exceptional circumstances.
Two American International Group Inc. units on Monday asked a federal judge to find they have no duty to cover salt producer Texas Brine Co. in litigation over the company’s alleged responsibility for a potentially dangerous 2012 Louisiana sinkhole that led to forced evacuations.
The nonpartisan Congressional Budget Office on Monday updated its appraisal of how the Affordable Care Act will impact corporate coffers, predicting that health insurance companies will raise premiums significantly after financial protections expire and that the law’s employer mandate won’t collect as many penalties as once thought.
The Federal Circuit on Monday kept Millenium Lumber Distribution Co. Ltd. and XL Specialty Insurance Co. on the hook for more than $1.8 million plus interest, affirming a finding that the lumber company breached U.S. customs bonds on timber shipments from Canada.
A District of Columbia federal judge on Thursday let a professional liability insurer off the hook from covering medical malpractice law firm Paulson & Nace PLLC and two of its attorneys in a $1.75 million legal malpractice action, finding that the insurer isn’t liable under D.C. law.
Metlife Inc. has agreed to pay $1.97 million to settle a proposed class action alleging the company stiffed its financial service representatives on overtime pay, forced them to pay business costs, and confiscated commissions if they quit or were fired too early, according to documents filed Friday in California federal court.
QBE Holdings Inc. told a New York court Friday that two American International Group Inc. affiliates were merely creating a “sideshow” by seeking discovery in a coverage battle over claims that the force-placed insurance giant paid improper kickbacks to banks.
The Federal Deposit Insurance Corp. filed a federal lawsuit Friday seeking $25 million in coverage under three financial institution bond policies to defray losses defunct Washington Mutual Bank suffered in a criminal New York real estate fraud run by an associate of disgraced U.S. Rep. Randy “Duke” Cunningham.
Aspen Insurance Holdings Inc. on Monday swiftly rejected an unsolicited $3.2 billion offer from rival insurer Endurance Specialty Holdings Ltd., suggesting the companies could be on the cusp of a public M&A battle after months of closed-door talks.
The Florida House of Representatives on Friday passed a bill establishing a mandatory sinkhole repair program for Citizens Property Insurance Corp. policyholders aimed at reducing the state-owned insurer's losses.
Every federal court to decide whether states' same-sex marriage bans pass constitutional muster since the U.S. Supreme's landmark Windsor decision has struck those prohibitions down, Virginia's attorney general told the Fourth Circuit yesterday, backing a finding that his state's ban was unconstitutional.
A Mississippi federal judge refused Thursday to reduce a treble damages award against State Farm Fire & Casualty Co. in long-running False Claims Act litigation in which whistleblowers alleged the insurer submitted fraudulent Hurricane Katrina claims to the National Flood Insurance Program.
A New York federal judge on Thursday nixed the antitrust claims in a lawsuit brought by a former employee against insurance company AXA Advisors LLC, saying the insurance agent failed to prove the company’s broker-dealer agreement had anti-competitive effects on the insurance broker labor market.
The Obama administration's Friday nomination of the Office of Management and Budget's director to helm the U.S. Department of Health and Human Services was an acknowledgement of the need for detail-oriented oversight, a skill that seemed sorely lacking during the Affordable Care Act rollout last year until a former OMB chief stepped in to help save the day.
A Pennsylvania federal judge on Friday dismissed a class action alleging Pennsylvania Mutual Life Insurance Co. cheated policyholders out of more than $5 million by holding on to profits rather than distributing them, ruling the issue is under the Pennsylvania Insurance Department’s discretion.
Safety National Insurance Co. filed suit Tuesday in New Jersey federal court, seeking a ruling that it doesn’t have a duty to defend Bed Bath & Beyond in injury lawsuits over defective firepots sold at its stores because a different policy should provide the coverage.
Assuming searchers find the flight data recorder and cockpit recorder, the investigation into Malaysia Airlines flight 370 will likely take months or possibly years. There is no reason to force the victims' families to undergo extended litigation and agony over financial compensation — particularly in light of what they have had to experience since March 8 — when there is a more reasonable, legally viable, humane and predictable path to follow, says crisis management attorney Robert Alpert Sr. of Morris Manning & Martin LLP.
A revised suite of additional insured endorsements from Insurance Services Office Inc. may have a significant impact on the insurance rights of participants in a wide variety of industries. While the revised AIEs have clarified some issues in a manner beneficial to policyholders, insurers may assert that other aspects of the new endorsements have narrowed coverage for additional insureds, say Daven Lowhurst and Peter Laun of Jones Day LLP.
The Fourth Circuit recently confirmed in Graham v. National Union Fire Insurance Co. of Pittsburgh PA that all West Virginia policyholders can be fully compensated for all losses from an insurer’s breach of contract. The court's ruling is a reaffirmation of state law and it's reasonable to expect subsequent decisions will permit policyholders to recover from such losses, say Paul Stockman and Brian Root of McGuireWoods LLP.
More and more countries are beginning to adopt rules and procedures governing e-discovery. Nowhere is this more evident than in the Asia-Pacific region, which is seeing a relatively rapid rise in the use of e-discovery. In South Korea and Japan, in particular, e-discovery is becoming more common and better understood, says David Sannar of Catalyst Repository Systems.
In a ruling underscoring several significant limitations on the availability of extracontractual remedies in bad faith litigation, a Minnesota district court recently denied 3M Co. equitable relief on its claim that insurers breached their implied covenant of good faith and fair dealing. The case's elemental principle should continue to check the creative search by policyholder counsel for new bad faith remedies, says David Schoenfeld of Grippo & Elden LLC.
While there’s a lot of promise in the technology, when I talk to legal organizations using a mobile cloud content platform, they’re using a free Dropbox account. In fact, according to the 2013 ABA Legal Technology Survey, it’s about 58 percent of legal organizations. This is a problem, says David Houlihan of Blue Hill Research Inc.
Earth movement is not a risk associated with central U.S. states such as Texas, Oklahoma, Missouri and Arkansas. Recently, however, these states have experienced a dramatic increase in the number of registered earthquakes, which raises the question whether insurers are paying attention, says Shannon O'Malley of Zelle Hofmann Voelbel & Mason LLP.
With clients actively taking steps to control legal costs, law firm managers have spent a lot of time and energy over the recent years doing the same thing — being more intelligent about expenses so the firm stays profitable. However, the other side of the profit equation — the addition of fee revenue — is where the ongoing focus needs to be, says Raymond Werner of Arnstein & Lehr LLP.
In Pennsylvania, an employer's liability exclusion application is complicated when a policy covers multiple insureds and the injured worker sues a nonemployer insured. Until recently, there was a clear split among state and federal courts, however, after a recent decision from a federal judge in Philadelphia, the delicate balance seems to have shifted in favor of policyholders, says Michael Savett of Nelson Levine de Luca & Hamilton LLC.
Entrepreneurs have always occupied a special status in the business world, revered for their willingness to venture into an unknown future with little more than an idea and a commitment to hard work. However, while starting and succeeding in a small business has always been difficult, today's American entrepreneurs face even greater challenges than their predecessors, say Michael Lewis and Andrew Schrage of Moneycrashers.com.