A New Jersey federal judge recently ruled that an ammonia release at a factory constituted direct physical loss or damage under the owner's property insurance policy, a decision attorneys say could embolden more policyholders to challenge coverage denials for incidents that don't involve an actual physical change to property.
President Barack Obama’s administration on Thursday proposed new regulations that would require hospitals that accept Medicare or Medicaid to recognize same-sex spouses as a condition for participation, so the federal government complies with the U.S. Supreme Court’s decision in U.S. v. Windsor.
U.S. Sen. Charles Schumer, D-N.Y., on Thursday blasted House Republicans for passing legislation extending a federal terrorism insurance program that included a proposal to change the Dodd-Frank Act, calling on them to pass a “clean” version of the bill.
MetLife Inc. has purchased Washington, D.C.’s Fairmont Hotel from Ivanhoe Cambridge for $180 million, adding the famed 415-room hotel to the life insurance giant’s $59 billion real estate portfolio, the company said on Thursday.
Wiley Rein LLP’s Charles C. Lemley helped XL Specialty Insurance Co. and other insurers shake off the Washington Mutual Inc. liquidating trust’s suit seeking millions to cover executives' defense costs, one of several important insurance-related victories this year that landed him among Law360’s 2014 Insurance MVPs.
The plaintiffs in a putative class action claiming Public Storage charged usurious rates for insurance on its storage units moved to disqualify its Newport Trial Group attorneys, accusing them of committing numerous ethical violations, including advising putative class members to opt out.
A Texas state appeals court on Wednesday threw out an apartment management company’s $1.5 million suit against First Specialty Insurance Co. over hail storm damage, finding a lower court properly ruled the underlying policy designates New York as the exclusive forum for resolving any disputes over coverage.
An Arkansas construction company and its insurer have prevailed in federal court in a dispute with a shipper over payment for building materials that were damaged during transit, according to court documents released Wednesday.
Lawyers for former American International Group Inc. CEO Maurice “Hank” Greenberg and ex-Chief Financial Officer Howard I. Smith were back before a Manhattan appellate court Wednesday, to stop a scheduled January trial in New York Attorney General Eric Schneiderman’s seemingly never-ending quest for injunctive relief and disgorgement.
The U.S. House of Representatives on Wednesday overwhelmingly passed a measure to extend for six years a federal terrorism reinsurance program that is set to expire Dec. 31, but the bill is likely to face considerable opposition in the U.S. Senate due to its inclusion of language to modify a noninsurance provision of the Dodd-Frank Act.
The Pennsylvania Superior Court said Tuesday that it would allow a Philadelphia man another chance to certify a class action alleging that Keystone Mercy Health Plan violated state consumer protection law when it lost a flash drive containing personal information for some 286,000 subscribers.
Kasowitz Benson Torres & Friedman LLP partner Robin Cohen won an appellate decision that kept IMO Industries Inc. covered for a deluge of asbestos claims under a $1.8 billion insurance program, living up to her reputation for staring down insurance companies angling for a quick settlement and earning her a spot among Law360’s Insurance MVPs.
Travelers Property Casualty Co. of America can't retroactively apply statutory rate limitations to attorneys' fees that an insured art company incurred before Travelers started paying the company's independent counsel in a breach of contract suit, a California appeals court ruled Tuesday.
A Colorado real estate brokerage company asked the Eleventh Circuit to overturn a lower court’s decision in its coverage dispute with Transportation Insurance Co. over fraudulent online bank withdrawals, saying that the federal court incorrectly interpreted language in its policy.
The House Appropriations Committee late Tuesday released a nearly $1.1 trillion omnibus 2015 spending bill, pulling out contentious terrorism insurance and environmental riders while setting up debate over U.S. Department of Homeland Security funding for early in the new year amid an ongoing immigration dispute.
The Tenth Circuit on Tuesday affirmed a lower court's decision that Travelers Casualty and Surety Co. and Martin K. Eby Construction Co. Inc. don’t have to pay Kellogg Brown & Root LLC $1.8 million in defense costs stemming from a suit over a Texas pipeline leak.
The U.S. House of Representatives is expected to vote Wednesday on a measure to extend for six years a federal terrorism reinsurance program that is set to expire Dec. 31, but some lawmakers expressed concerns that a proposal in the legislation to amend the Dodd-Frank Act may endanger its chances in the U.S. Senate.
A Manhattan real estate developer has appealed a judge's holding in a case of apparent first impression that a $5 million limit for flood losses applies to claims for construction delays stemming from Superstorm Sandy, arguing that Zurich American Insurance Co.'s $7 million sublimit was the proper cap.
Dr. Jonathan Gruber backpedaled on Tuesday on comments he made earlier this year that have fueled Affordable Care Act opponents, telling a House oversight committee that he had exceeded his role as an economist when he called the ACA a tax on individuals rather than insurance companies.
Paul Hastings LLP said Tuesday that it had advised Morgan Stanley in its role as placing agent for Ping An Insurance Group Co. of China Ltd.'s Monday offering of $4.75 billion worth of new H-shares to private investors.
It is interesting to observe that on the eve of confirmation of Detroit’s Chapter 9 plan, the city settled its disputes with certain bond insurers by giving them rights to certain real estate that, prior to the settlement, had not been part of the proposed plan. This begs the question as to how much additional property the city may have had available, and whether this property could have been used to increase unsecured creditors' r... (continued)
John Doar ran the U.S. Justice Department's Civil Rights Division at perhaps the most chaotic and pivotal time in its history. His passing earlier this month is an occasion for lawyers everywhere to marvel at just how impactful one attorney can be. He didn’t just preside at a historic time, he calmly and coolly shaped it, says Kevin Curnin of the Association of Pro Bono Counsel.
The Seventh Circuit's recent ruling in Selective Insurance Co. v. City of Paris is a reminder to attorneys of their ethical duty and obligation to stay current on the law as it affects their cases. A case law search may have prevented the city from having to try to manufacture a timely appeal of a clearly final judgment under Rule 54(b), says Ryan Parsons of Foley & Lardner LLP.
Last holiday season saw some of the biggest and costliest data breaches in the retail industry’s history. With optimistic forecasts for spending this year, retailers will no doubt once again be in hackers’ crosshairs in the coming month. Implementation of data analytics — an important but sometimes underutilized tool — can assist in all phases of incident management, say economists at Edgeworth Economics LLC.
Despite the significant tilt toward technology in how litigation is now conducted, many senior lawyers still delegate tech-related issues to e-discovery specialists or associates at their firms. This is a missed opportunity not just for client development, but also for shaping the way the firm and lawyer are seen in the eyes of corporate counsel, says legal industry business development specialist Jenn Topper.
It cannot be legitimately disputed that the increasingly common practice of "case-running" among contractors, public adjusters and policyholder attorneys is in large part to blame for the increase in litigated Texas insurance claims — it is all about extracting additional money from the insurance industry, say G. Brian Odom and Tyler McGuire of Zelle Hofmann Voelbel & Mason LLP.
Wisconsin Pharmacal Co. LLC v. Nebraska Cultures of California Inc. is important for all manufacturers since the decision correctly found that defective components that ruin an end product are covered under a standard general liability policy, but with an important caveat — the fully integrated product must be ruined by the defective component, say attorneys at Quarles & Brady LLP.
Our estimates indicate that some law firms spend up to $8,000 per attorney each year on print-related costs. Although we live in a digital world, hard copy printing will remain an important part of business for years to come. Changing technology, however, offers opportunities to improve efficiencies and save money, say Senthil Rajakrishnan and Ryan Mittman of HBR Consulting LLC.
New York's recently enacted Emergency Medical Services and Surprise Bills law will impact billing and reimbursement for some out-of-network health care services, require new disclosures from providers regarding their health plan participation status and add new rules for health plans regarding networks and reimbursement for out-of-network services, says Jackie Selby of Epstein Becker & Green PC.
As more states set regulations for ride-sharing companies, such as Lyft Inc. and Uber Inc., insurance companies should be prepared to offer policies that conform to the various requirements and specify which policies cover company drivers at different stages, says Kara DiBiasio of Sedgwick LLP.