A pair of Republican senators Wednesday asked the U.S. Department of Health and Human Services to explain whether the federal sequester will rein in the agency’s health insurance exchange grants, saying the Affordable Care Act-mandated program had so far operated without accountability.
Martin Disiere Jefferson & Wisdom LLP asked a Texas appeals court Wednesday to overturn its disqualification as counsel to the state’s windstorm insurer because it is only based on trial attorney Steve Mostyn’s unhappiness with the firm’s refusal to settle cases he is pursuing.
Steadfast Insurance Co. on Wednesday asked a New York state judge to find it has no duty to cover a suicide, crime scene and biohazard cleanup service in a lawsuit filed by family members who allege the company harmed them by misrepresenting its prices and services.
Liberty Mutual Insurance Co. on Wednesday urged a judge to declare that it doesn't owe coverage to NCR Corp. for a $79 million cleanup of the Kalamazoo River Superfund site, saying the company's comprehensive general liability policy wouldn't cover costs stemming from its alleged role in the Michigan river's pollution.
Swiss Re said Thursday that it and Berkshire Hathaway Inc. have settled a dispute over a 2010 reinsurance deal that reduces Warren Buffett’s conglomerate’s exposure under the contract from $1.5 billion to $1.05 billion in exchange for a payment of $610 million.
An antitrust suit accusing Blue Shield of California Life & Health Insurance Co. of engaging in a scheme to allow Quest Diagnostics Inc. to monopolize certain diagnostic testing services fails to allege a plausible conspiracy, Blue Shield told a California federal court Wednesday.
Medicare has recovered just a sliver of as much as $70 million in overpayments to suppliers of durable medical equipment despite a mandate that such companies obtain bonds to guarantee taxpayers can recoup excessive reimbursement, according to a report issued Wednesday.
With Solvency II international standards looming for the U.S. insurance industry, the state insurance regulators have a great opportunity to establish uniform solvency standards and demonstrate the efficacy of their strong regulation of insurer solvency and capital adequacy, says Brian Casey, co-chairman of the regulatory and transactional insurance practice at Locke Lord LLP.
Three new private equity contenders emerge in the $3.5 billion auction of Carestream Health Inc., while Dell Inc. gives Blackstone a break on due diligence as the firm explores a bid to rival the company's previously accepted $24.4 billion takeover offer.
The top official on the U.S. House insurance committee on Tuesday pressured the Federal Insurance Office to challenge global proposals for designating U.S. insurers as "too big to fail" and adopting what he called a one-size-fits-all regulatory framework for insurers operating internationally.
After a recent report found insurers largely unprepared for climate change, Georgia lawmakers are considering following other states and adopting a controversial requirement forcing insurers to identify climate risks, a measure attorneys say could catch on despite the industry's insistence that it's more burdensome than beneficial.
A major update to the Health Insurance Portability and Accountability Act went into effect this week, giving health care providers, insurance plans, self-insured employers, and a wide range of contractors and vendors just six months to implement the changes. Here, attorneys share tips on what to tackle now.
Sen. Ron Wyden, D-Ore., knocked the Obama administration Tuesday for failing to resolve a “glitch” in the Affordable Care Act that could prevent families from getting affordable health insurance through an employer or on the health exchanges.
Life and mortgage insurer Genworth Financial Inc. will sell its wealth-management unit to a partnership of Aquiline Capital Partners and Genstar Capital for $412.5 million, the firm announced Wednesday.
Gibson Dunn & Crutcher LLP partner Geoffrey Sigler represents some of the biggest names in the insurance industry, and his recent successful defense of a proposed $2 billion class action against AIG and others is one of a string of high-profile wins that have made him one of Law360's top five young insurance attorneys.
Tennessee will not expand its Medicaid program under the Affordable Care Act this year, the state's governor announced Wednesday, citing a lack of clarity from the U.S. Department of Health and Human Services on his plan to expand the program using private insurance coverage.
The Third Circuit on Wednesday freed R.M. Shoemaker Co.'s insurers from an obligation to cover claims that the construction firm performed shoddy work when it built a New Jersey jail, affirming a lower court's ruling granting summary judgment to the insurers.
Aetna Inc. and other insurers on Monday told a New York federal judge they oppose the $4.75 million settlement of a proposed class action accusing Ferring BV and Aventis Pharmaceuticals Inc. of thwarting generic competition for an antidiuretic drug by fraudulently obtaining a patent for it.
Assured Guaranty Municipal Corp. hit financial services company RBS Securities Inc. with a fraud suit Tuesday in New York federal court accusing it of misrepresenting the value of $291 million worth of residential mortgage-backed securities.
A California federal judge Monday disqualified Wagner & Jones LLP and three other plaintiffs' law firms from representing dozens of individual plaintiffs in a wage-and-hour suit against Fidelity National Management Services LLC after they used a confidential employee list to contact them following an unsuccessful class certification bid.