Insurance

  • December 5, 2013

    Liberty Says It Owes No Coverage Over Resort Fallout

    Liberty Insurance Underwriters Inc. filed suit in New York federal court Tuesday claiming it is not responsible to provide coverage for claims brought against Wiss & Co. LLP and some of its current and former employees who were involved in financing a failed luxury resort in Costa Rica.

  • December 5, 2013

    ACE Avoids $3M Share Of Seagram Distillery Settlement

    An Indiana appeals court on Thursday freed ACE American Insurance Co. from chipping in $3 million toward the settlement of a class action that property owners brought over ethanol emissions from a Seagram distillery, but allowed the plaintiffs' bad faith claim against the insurer to proceed anyway.

  • December 5, 2013

    Liberty Targets NJ Contractor For Medical Building Damage

    Liberty Mutual Insurance Co. filed a lawsuit Monday on behalf of Turner Construction Co. against a plumbing company that the insurer blames for water damage at a New Jersey medical office building that led to costly repairs and will likely cause substantial business interruption losses.

  • December 5, 2013

    NY Court Clears Lloyd's Of Coverage Duty In Malpractice Suit

    Lloyd's London was not required to defend or indemnify Lacher & Lovell-Taylor PC in a malpractice action alleging the estate law firm sapped a client out of $6 million in fees, a New York appellate court said Thursday, affirming a trial judge's order that $166,000 be returned to the insurer.

  • December 5, 2013

    Female Powerbrokers Q&A: Chadbourne's Lori Hoberman

    Someone once told me I had to cut my hair in order to become a rainmaker because long hair on women is too sexy and men would never take me seriously. I ignored her and learned that I could create my own style, and it's served me well, says Lori Hoberman, chairwoman of Chadbourne & Parke LLP's emerging companies/venture capital practice.

  • December 5, 2013

    Female Powerbrokers Q&A: O'Melveny's Carla Christofferson

    While law firms have made great strides, studies show that we all still have implicit biases that affect perceptions and decision making. As a senior woman I have the opportunity to help combat that — and the obligation to do so, says Carla Christofferson, managing partner of O'Melveny & Myers LLP's Los Angeles office and a member of the firm's policy committee.

  • December 4, 2013

    Insurance MVP: Anderson Kill's William Passannante

    Anderson Kill PC's William G. Passannante convinced courts to focus on the actual purpose of complex insurance policies to help secure coverage for policyholders such as Alfa Laval Inc. and HLTH Corp. during the past year, earning him a place among Law360's Insurance MVPs.

  • December 4, 2013

    Ex-Prudential Exec Joins Nelson Levine's Regulatory Group

    Nelson Levine de Luca & Hamilton LLC has snagged a former top insurance executive from Prudential Financial Inc. for its regulatory team in New York, the firm said Wednesday.

  • December 4, 2013

    Texas Proposes Screenings, Guidelines For ACA Navigators

    The Texas Department of Insurance on Wednesday proposed rules subjecting individuals who provide public outreach and advice about the Affordable Care Act to criminal and financial screenings and prohibiting them from dispensing advice on specific insurance plans, the latest state to brand federal standards covering the so-called navigators inadequate.

  • December 4, 2013

    Foes Of Pa. Gay Marriage Ban Blast 3rd Circ. Bid

    Plaintiffs challenging Pennsylvania’s ban on same-sex marriage said Monday that a bid by Gov. Tom Corbett’s administration for an interlocutory appeal to the Third Circuit to determine whether claims in the lawsuit fell under federal jurisdiction would create needlessly delay.

  • December 4, 2013

    Insurer Says Corporations Can't Claim TCPA Privacy Rights

    Maxum Indemnity Co. told an Illinois federal judge on Tuesday that it had no duty to indemnify a $6 million fax-blast settlement, arguing the claims in the underlying class action weren't for coverage-triggering privacy violations, but rather were property damage claims.

  • December 4, 2013

    TDR Capital Plans To Unload $207M Phoenix Group Stake

    Investment firm TDR Capital LLP on Tuesday unveiled plans to halve its Phoenix Group Holdings PLC stake in a deal that will leave it an 8 percent interest in the British insurer and a payout worth roughly £159 million ($207 million), based on current market rates.

  • December 4, 2013

    Mutual Benefits Counsel Guilty In $837M Insurance Scheme

    Outside counsel for Mutual Benefits Corp. was convicted in Florida federal court Wednesday for his role in the company’s $837 million scam that prosecutors alleged sold bogus life settlement policies to investors in a multilayered, yearslong scheme.

  • December 4, 2013

    2nd Circ. Rejects Negligence Claim In 9/11 Tower Collapse

    The Second Circuit on Wednesday denied efforts by Consolidated Edison Co. to blame the destruction of a power substation on the contractors who designed 7 World Trade Center, saying the collapse could not be blamed on negligence alone given the unprecedented havoc of the 9/11 attacks.

  • December 4, 2013

    Female Powerbrokers Q&A: Hunton & Williams' Lisa Sotto

    The women who make partner have already established themselves as superstars, but many of the men who make partner are viewed as "future superstars." Men are given the benefit of the doubt more so than women, says Lisa Sotto, managing partner of Hunton & Williams LLP's New York office and head of the firm's privacy practice.

  • December 4, 2013

    Female Powerbrokers Q&A: Hogan Lovells' Emily Yinger

    There was a case I handled for a very influential business magnate some years ago. He referred to me a few times as “the little girl.” He stopped after I did the cross-examination of our opponent at trial, won the case and otherwise saved his bacon, says Emily Yinger, Hogan Lovells LLP's regional managing partner for the Washington, D.C., region.

  • December 3, 2013

    Judge Urged To Block IRS Rule Expanding ACA Subsidies

    A group of small-business owners and individuals on Tuesday urged a Washington, D.C., federal judge to block an Internal Revenue Service rule that they allege unlawfully expands insurance subsidies and related penalties under the Affordable Care Act, saying the statute clearly limits the scope of allowed subsidies.

  • December 3, 2013

    Calif. High Court Arms Insurers In Fights Over Counsel

    The California Supreme Court last week rejected MBL Inc.'s challenge to a ruling that freed its insurers from paying for independent counsel to defend the chemical supplier against contamination claims, gifting insurers with several valuable holdings they will try to carry over to disputes outside of the environmental realm.

  • December 3, 2013

    Insurance MVP: Dickstein Shapiro's James Murray

    Dickstein Shapiro LLP partner James R. Murray guided Beebe Medical Center in securing $115 million from its insurers to cover the bulk of its settlement in an emotionally charged sexual abuse case, and helped lay down new precedent protecting policyholders in Washington state, earning him a spot among Law360’s Insurance MVPs.

  • December 3, 2013

    Judge Won't Pare Claims In SEC Suit Against Life Partners

    A Texas federal judge on Tuesday denied the U.S. Securities and Exchange Commission bid to find that Life Partners Holdings Inc.’s revenue policies related to the sale of its life settlement investments violate securities laws, saying a jury should decide.