Insurance

  • September 18, 2013

    Rainmaker Q&A: DLA Piper's Stasia Kelly

    When I was in-house, I always wanted “one throat to choke” at my go-to law firms, and that was the partner I could rely on to get me the right players in the right case — and to yell at if I had a problem. That is now a key part of my role as outside counsel, says Anastasia Kelly, co-managing partner of DLA Piper in the U.S. and former executive vice president and general counsel at American International Group Inc.

  • September 17, 2013

    6th Circ. Kills Bid To Block ACA Contraception Mandate

    For-profit corporations are not protected by the Religious Freedom Restoration Act, the Sixth Circuit ruled on Tuesday as it tossed out an appeal by a Michigan auto parts manufacturer that claimed the Affordable Care Act's contraception mandate violated the business owners' religious beliefs.  

  • September 17, 2013

    NJ Prods Policyholders, Insurers To Hammer Out Global Deals

    New Jersey's Supreme Court on Monday cleared the way for insurers to sue fellow insurers to recoup defense costs in gradual property damage cases — even when other insurers have already settled with the policyholder — creating heavy pressure for all sides to strike global settlements.

  • September 17, 2013

    NY Fed Asks 2nd Circ. To Kill Suit Over $100B AIG Bailout

    The Federal Reserve Bank of New York on Tuesday asked the the Second Circuit to uphold the dismissal of a suit challenging its handling of the more than $100 billion 2008 American International Group Inc. bailout, arguing it has broad discretion to protect the economy.

  • September 17, 2013

    Insurers Sue Army For $1.4M Over 2010 Utah Wildfire

    Farmers Insurance Exchange and State Farm Fire & Casualty Co. sued the U.S. Army in Utah federal court Tuesday to recoup $1.4 million they coughed up to cover property damage from a 2010 wildfire sparked outside Salt Lake City during a military training exercise. 

  • September 17, 2013

    Travelers Fights Cephalon Bid To Nix $22M Marketing Suit

    The Travelers Indemnity Co. responded Tuesday to Cephalon Inc.'s efforts to dismiss a suit seeking to recover $22 million in workers’ compensation claims over the off-label use of two cancer painkillers, claiming that Cephalon is attempting to diminish the significance of its fraud accusations.

  • September 17, 2013

    NY High Court To Rule On Fire Loss Sharing Clause

    The highest court in New York agreed on Tuesday to consider if state insurance law permits certain clauses in fire loss policies lowering coverage ceilings in exchange for premium reductions.

  • September 17, 2013

    Fla. Business Leaders Push For Medicaid Expansion

    A group of business and health care leaders in Florida on Tuesday called on the state legislature to take the $51 billion being offered by the federal government for Medicaid expansion, saying the move would help create jobs and help the state remain competitive.

  • September 17, 2013

    Insurer Flouts Anti-Theft System Discount, Suit Says

    A Nationwide Mutual Insurance Co. auto policyholder filed a putative consumer protection class action in Pennsylvania federal court Tuesday alleging the insurer refuses to provide a state-mandated 10 percent discount for passive anti-theft systems even though they come standard in most modern cars.

  • September 17, 2013

    Ky. Hospital Sues Insurer For Coverage Of HIPAA Probe

    Ashland Hospital Corp. on Monday sued insurer RLI Insurance Co. in Kentucky federal court for its refusal to honor $10 million in liability coverage for Ashland's response to a U.S. Department of Justice investigation regarding its alleged Health Insurance Portability and Accountability Act violations.

  • September 17, 2013

    Post & Post Accused Of Botching $6M Malpractice Settlement

    A Philadelphia-based hospital alleged Monday that it had been forced to contribute $2.5 million toward a $6 million settlement with a patient in a malpractice suit after an attorney with Post & Post LLC failed to accurately determine the limits of the hospital’s insurance coverage.

  • September 17, 2013

    Detroit Says Kirkland Atty Can’t Testify In Syncora Row

    A Kirkland & Ellis LLP attorney who represents bond insurer Syncora Guarantee Inc. in Detroit’s historic bankruptcy proceedings should not be allowed to testify because she would abuse the attorney-client privilege, the city told a Michigan bankruptcy judge on Monday.

  • September 17, 2013

    3rd Circ. Upholds Amalgamated’s Win In ERISA Pension Row

    The Third Circuit on Monday affirmed a district court’s ruling that Amalgamated Life Insurance Co. hadn't violated the law by denying pensions to 12 former employees, saying employees were sufficiently notified that pension benefits would not be offered.

  • September 17, 2013

    Navy Sank $3M Contract Despite Bad Bond Probe, Suit Says

    Allen Engineering Contractor Inc. says the U.S. Navy reneged on a $2.9 million construction contract for a California Marine Corps base even though it negligently investigated performance bonds securing the contract, according to a lawsuit filed Monday in the U.S. Court of Federal Claims.

  • September 17, 2013

    Burned Dancer's $10M Deal Not Covered, Calif. Court Says

    A California appellate court on Monday freed Mount Vernon Fire Insurance Co. from covering a $10 million settlement won by a nightclub dancer set on fire by a patron, saying the incident constituted battery and fell under an exclusion even though the victim and assailant never touched.

  • September 16, 2013

    Cigna Asks 2nd Circ. To Reverse Benefit Plan Changes

    Cigna Corp. asked the Second Circuit on Monday to reverse a district court’s order that it had violated ERISA by not adequately announcing changes to its benefits plan, saying the federal judge hadn’t properly considered how the class members would fare under the plan.

  • September 16, 2013

    American Equity Investors Get Nod On Fraud Settlements

    A California federal judge on Monday preliminarily approved a settlement of two consumer protection class actions against American Equity Investment Life Insurance Co. that will provide annuitization bonuses and other benefits to about 140,000 seniors who were allegedly duped into buying deferred annuities.

  • September 16, 2013

    Bid To Replace O'Melveny Nixed In Crane Collapse Suit

    A New York state judge Friday tossed a developer’s bid to replace its insurer’s choice of counsel, O’Melveny & Meyers LLP, in one lawsuit arising over a fatal 2008 crane collapse but allowed a similar claim concerning a related suit to stand.

  • September 16, 2013

    NJ High Court Upholds Co-Insurer's Claim For Defense Costs

    The New Jersey Supreme Court ruled Monday that an insurer bound to indemnify and defend an insured over continuous property damage litigation can bring a direct claim for defense costs against a co-insurer, which can't dodge such demands through a settlement between itself and the insured.

  • September 16, 2013

    Insured-Vs.-Insured Ruling Undercuts FDIC's Bank Exec Suits

    A Georgia federal court recently applied the insured-vs.-insured exclusion to block coverage for the Federal Deposit Insurance Corp.'s lawsuit blaming executives for a bank's failure, a rare victory for insurers that is expected to be cited heavily in future cases.