Insurance

  • March 10, 2014

    Feds Probe Md. Insurance Exchange, Lawmaker Says

    The inspector general for the U.S. Department of Health and Human Services will investigate Maryland’s state-run health insurance exchange set up under the Affordable Care Act, following its troubled rollout, a Maryland congressman said Monday.

  • March 10, 2014

    Insurers Urge Fed, State Regulators To Align Positions

    An insurance trade group on Sunday warned the National Conference of Insurance Legislators of a “strong need” for the federal government and state insurance regulators to coordinate their positions if they want to sway international policy on key insurance issues.

  • March 10, 2014

    8th Circ. Backs Ban On Car-Accident Health Services Ads

    The Eighth Circuit on Monday shot down a chiropractor and a medical and legal referral business’s challenge to recent Minnesota automobile insurance law changes restricting the solicitation and advertisement of medical services to car accident victims.

  • March 10, 2014

    Female Powerbrokers Q&A: Nossaman's Yuliya Oryol

    I will never forget stories I heard of what it was like to be a woman attending law school in the early 1960s, which included being called up to the front of the class to answer the professor’s questions on designated "Ladies’ Days," says Yuliya Oryol, chairwoman of Nossaman LLP's puplic pensions and investments practice group and administrative partner for the firm's San Francisco office.

  • March 10, 2014

    Female Powerbrokers Q&A: Manatt's Linda Goldstein

    The path to success for women is the same as it is for men — building relationships, delivering an excellent work product and earning the trust of your clients by serving as both a legal and strategic business adviser. I must confess, however, that I also had to learn to drink scotch and play golf, says Linda Goldstein, chairwoman of Manatt Phelps & Phillips LLP's advertising, marketing and media division.

  • March 10, 2014

    Insurer Sues Asbestos Client Who Won't Drop Nixon Peabody

    Pennsylvania Manufacturers' Association Insurance Co. on Friday sued a policyholder that it represents in a series of asbestos suits, arguing in Pennsylvania state court that the company's failure to transfer the defense of the lawsuits from Nixon Peabody LLP to Marin Goodman LLP has put an end to the insurer’s responsibilities.

  • March 7, 2014

    Verizon Fights Retiree Suit Over $7.4B Pension Transfer

    Verizon Communications Inc. on Friday asked a Texas federal judge to dismiss again claims from a class of retirees who allege their savings were put at risk when the company transferred $7.4 billion in pension obligations to Prudential Insurance Co. of America.

  • March 7, 2014

    Charging For ACA Costs Is Legal Gamble For Restaurants

    Restaurants that tack on a charge to customer bills to cover Affordable Care Act costs may attract the media spotlight, but attorneys say businesses that participate in the growing trend are also inviting scrutiny from state consumer protection authorities already primed to crack down on bill-padding surcharges.

  • March 7, 2014

    Deals Rumor Mill: Vivendi, Vodafone, InterMune

    The owner of China’s Juneyao Airlines is in talks with Boeing and Airbus to clinch 20 planes in a deal that could be worth nearly $2 billion, while the likes of Blackstone and Bain Capital are eyeing up Northwestern Mutual Life Insurance Co.’s $3 billion indexing and management firm.

  • March 7, 2014

    1000s Target Medicare Part D Changes

    Thousands of comments poured in by Friday’s deadline for public input on proposals to eliminate Medicare Part D protections that guarantee access to certain drugs, and federal regulators appeared to be on the ropes amid an onslaught of opposition.

  • March 7, 2014

    OneBeacon Can't Battle FDIC In Ga. Over D&O Coverage

    A Georgia federal judge on Wednesday held for the second time that a 1989 federal law blocked him from deciding whether OneBeacon Midwest Insurance Co. owed coverage for the Federal Deposit Insurance Corp.'s claims that former directors and officers of a failed bank caused $15 million in losses.

  • March 7, 2014

    ACA Doesn't Breach 5th Amendment, DC Circ. Rules

    The D.C. Circuit on Friday rejected the latest legal argument against the constitutionality of the Affordable Care Act’s individual mandate, saying Fifth Amendment protections against seizing private property aren’t violated just because some consumers pay insurance premiums that effectively subsidize other policyholders.

  • March 7, 2014

    JPMorgan Whistleblower Gets $64M In FCA Settlement

    A New York federal court on Friday approved a deal in which a whistleblower will get $63.9 million for tips leading to a False Claims Act settlement in which JPMorgan Chase & Co. agreed to pay $614 million over allegations it defrauded the U.S. government into insuring flawed home loans

  • March 7, 2014

    Ariz. House Greenlights Reduced Tax On Insurance Premiums

    The Arizona House of Representatives on Thursday approved Republican legislation that would reduce the state tax that insurers pay on premiums they receive for life, vehicle, and property and casualty policies over the next three years.

  • March 7, 2014

    Colo. Law Governs $11.5M Suit Against Travelers, Judge Says

    A Colorado federal judge on Thursday rejected arguments by Travelers Insurance Co. and several other insurers that a construction company’s suit for coverage of a $11.5 million property damage settlement should be governed by Utah law, finding that Colorado had a stronger interest in the case.

  • March 7, 2014

    Female Powerbrokers Q&A: Greenberg Traurig's Mitchell

    Several people have told me that they had a lot of trepidation when they found out they would be working for a woman. To be effective, you need to be able to eliminate or address the conscious or unconscious bias colleagues may have about having a female boss, says Nancy Mitchell, chairwoman of Greenberg Traurig LLP's New York business reorganization and financial restructuring practice.

  • March 7, 2014

    Female Powerbrokers Q&A: Edwards Wildman's Brown

    A male in-house counsel once told me I had not been "nice" to him when I approached him about a business opportunity and would therefore not get the business. To add insult to injury, one of my male partners told me I should be flattered by the interest paid to me by the in-house counsel, says Paulette Brown, chief diversity officer at Edwards Wildman Palmer LLP.

  • March 7, 2014

    Investor Suing Aetna Moves To Delay Shareholder Meeting

    A shareholder suing health care giant Aetna Inc. for allegedly sending out false and misleading proxy statements in past years urged a New York federal judge on Friday morning to delay the company’s upcoming annual shareholder meeting.

  • March 6, 2014

    NJ Judges Consider Expediting Sandy Flood Litigation

    A committee of New Jersey federal judges convened Thursday to accept feedback from attorneys representing insurers and insured to discuss the best method of managing more than 600 flood cases filed by victims of Superstorm Sandy, with attorneys split on the best way of hastening the process. 

  • March 6, 2014

    Aon Secures TRO In Employee Raid Feud With Alliant

    A New York Supreme Court judge granted Aon Corp. a temporary restraining order Wednesday in Aon's lawsuit against fellow broker Alliant Insurance Services that alleges the rival resumed an employee raid despite a settlement, snagging 75 employees in four days last month.