Insurance

  • March 27, 2014

    Female Powerbrokers Q&A: FordHarrison's Tiffany Downs

    When I was a relatively new associate, I was called “a little girl” by opposing counsel. I responded that I would show him what this “little girl" could do. Although it infuriated me, that experience taught me that portraying myself as confident would help me be successful, says Tiffany Downs, head of FordHarrison LLP's employee benefits practice group.

  • March 26, 2014

    Katrina Insurance Suits Belong In Fed. Court, 5th Circ. Says

    The Fifth Circuit on Wednesday held that lawsuits severed from a class action against American National Property and Casualty Co. as part of Louisiana’s program to help homeowner victims of Hurricanes Katrina and Rita do not belong in state court, saying the federal court has jurisdiction.

  • March 26, 2014

    Aetna Seeks Info On Specialty Products Asbestos Claimants

    Aetna Inc. and Rawlings Co. LLC asked a Delaware bankruptcy judge on Wednesday for access to information about asbestos injury claimants in Specialty Products Holdings Corp.'s Chapter 11 case, saying they want to know their rights related to the claims.

  • March 26, 2014

    6th Circ. Rejects Stock-Inflation Suit Against KeyCorp

    The Sixth Circuit on Wednesday affirmed the dismissal of a putative class of KeyCorp 401(k) participants' claims that they paid inflated prices for company stock, saying the plaintiffs had failed to plead that KeyCorp's alleged misrepresentations caused a sharp drop in its stock value.

  • March 26, 2014

    Fla. Senate Passes Bill To Boost Private Flood Insurance

    The Florida Senate unanimously passed a bill Wednesday that aims to encourage the growth of a private flood insurance market in the face of concerns that policy changes in Washington could have damaging effects on the state's real estate market.

  • March 26, 2014

    Lloyd's Insurer Freed From Footing Convergys' TCPA Deal

    A New York federal court on Tuesday enforced a policy exclusion and handed Certain Underwriters at Lloyd's, London, a quick win in its lawsuit challenging coverage for Convergys Corp.'s settlement of a Telephone Consumer Protection Act class action.

  • March 26, 2014

    Port Authority Seeks More Coverage In WTC Asbestos Row

    The Port Authority of New York and New Jersey on Wednesday told a New York judge that an American International Group Inc. unit must pay all of its attorneys’ fees stemming from a judgment that the insurer must defend it against asbestos-related injury claims from the original World Trade Center's construction workers.

  • March 26, 2014

    SunTrust Can't Duck Force-Placed Insurance Kickback Claim

    A Florida federal judge on Tuesday kept intact a class action accusing SunTrust Mortgage Inc. of reaping kickbacks in exchange for force-placing overpriced QBE Specialty Insurance Co. hazard policies, ruling that mortgagors are not precluded from suing by their own breaches of contract.

  • March 26, 2014

    Insurer Asks Pa. Judge To Reverse Asbestos Coverage Ruling

    North River Insurance Co. on Monday urged a Pennsylvania state judge to reverse a recent ruling in which he found that, for the purposes of insurance coverage, asbestos-related injuries occur on the date of first exposure, emphasizing that science no longer supports that conclusion.

  • March 26, 2014

    Insurance GCs Name The Law Firms That Get It Right

    A host of insurance company general counsel have named the firms they have the best relationships with and that provide the best client service, a reflection of the value top firms place on building and maintaining working partnerships, according to a new report.

  • March 26, 2014

    Extra ACA Enrollment Time Boosts Health Care Industry

    The Obama administration on Wednesday outlined new policies that will allow millions of Americans extra time to shop on Affordable Care Act marketplaces, a welcome development for hospitals, drugmakers and insurers counting on extra customers.

  • March 26, 2014

    Arch's Suit Against Kubicki Draper Revived In Fla. Court

    A Florida appeals court on Wednesday set aside Kubicki Draper LLP's victory in a legal malpractice suit brought by Arch Specialty Insurance Co., finding the trial court improperly denied Arch the opportunity to fix a critical error in its complaint.

  • March 26, 2014

    Ill. Panel Lets Insurers Escape $8M Fax-Blast Coverage

    An Illinois appeals court on Tuesday flipped a ruling that stuck two Zurich American Insurance Co. units with the $8 million tab from a fax-spamming class action settlement, applying Pennsylvania precedent that unsolicited communications are not accidental rather than policyholder-friendly Illinois law.

  • March 26, 2014

    Standard Life Puts Up $645M For UK Asset Manager

    Investment house Standard Life plc's management arm on Wednesday agreed to acquire U.K.-based Ignis Asset Management from insurance services provider Phoenix Group Holdings for £390 million ($645 million) in cash, according to a statement.

  • March 26, 2014

    Deals Rumor Mill: Bouygues, Citic Pacific, Dish Network

    China's Citic Pacific is looking to bulk its holdings in Hong Kong after e-commerce giant Alibaba Group Holding Ltd. said it will head to the U.S. for its IPO, while Dallas buyout firm Brazos Private Equity Partners is planning to wind down.

  • March 26, 2014

    Female Powerbrokers Q&A: Farella Braun's Mary McCutcheon

    The subtle sexism I find is that a client or co-counsel might challenge my advice because they think it (and thus me) not “aggressive enough.” If a woman proposes a strategy that, based on her experience, is more effective than a lawsuit, she may be seen as not being "tough," says Mary McCutcheon, chairwoman of Farella Braun & Martel LLP's construction and insurance coverage department.

  • March 26, 2014

    Female Powerbrokers Q&A: Drinker Biddle's Jill Bronson

    I never doubted that I could be successful. I expected my male counterparts to include me, mentor me and respect my thoughts. I just took a seat at the table and was not told to leave, says Jill Bronson, leader of Drinker Biddle & Reath LLP's corporate finance team and partner-in-charge of the firm's Philadelphia office.

  • March 25, 2014

    Texas Justices Asked To Ax Life Partners Class Action

    Life Partners Inc. urged the Texas Supreme Court Monday to reverse a lower appeals court’s decision to reinstate a putative class action accusing it of selling unregistered securities, saying life settlements do not qualify as such under state law.

  • March 25, 2014

    Calif. Lift On Med Malpractice Cap Gets Closer To Ballot

    Setting the stage for a fight with health care providers and their insurance companies, Consumer Watchdog on Monday turned in more than 840,000 signatures for a ballot measure that seeks to raise California’s long-held $250,000 cap on pain-and-suffering damages in medical malpractice suits.

  • March 25, 2014

    Ex-Dewey Exec Sued By Aviva Over Losses On $35M Notes

    Aviva Life and Annuity Co. hit a former Dewey & LeBoeuf LLP executive with a securities lawsuit in Iowa federal court Tuesday, accusing the defendant of lying about the true state of the now-bankrupt firm’s finances when it issued $35 million in senior secured notes in 2010.