Insurance

  • September 20, 2012

    Health Law’s Employer Mandate Draws Challenge From Okla.

    The state of Oklahoma on Wednesday filed a new legal challenge related to the health care overhaul's employer mandate, accusing the Obama administration of overstepping the law by making insurance premium subsidies available on both federal and state-based exchanges.

  • September 20, 2012

    Costco Can't Apply Wash. Law In $20M Cheese Coverage Suit

    A federal judge on Wednesday rejected Costco Wholesale Corp.'s attempt to apply Washington state law in its $20 million lawsuit against Nationwide Mutual Insurance Co. for denying coverage in litigation over allegedly contaminated cheese, instead finding California law should govern the dispute.

  • September 20, 2012

    7th Circ. Rules G&S Can't Sue Insurer For Affiliate's Claim

    The Seventh Circuit on Thursday affirmed the dismissal of a suit against Continental Casualty Co., ruling that G&S Holding LLC lacked standing to sue the insurer over its refusal to fully cover losses from an explosion at an affiliate’s plant.

  • September 20, 2012

    Texas High Court Turns Down Refinery Fire Coverage Suit

    The Texas Supreme Court refused Thursday to review the dismissal of a lawsuit that two insurers brought against suppliers of allegedly defective equipment to recoup money they spent covering a fire and explosion at an oil refinery that caused $11.8 million in damage in the 1980s.

  • September 20, 2012

    Obama Admin's Welfare Waiver Rule Snubbed By House

    The U.S. House of Representatives on Thursday officially disapproved of a piece of federal rulemaking that encouraged states to apply for waivers to the welfare program's work requirements, two weeks after federal auditors ruled that the administration's memos and bulletins must be submitted to Congress.

  • September 20, 2012

    Insurer Sues Consulting Co. Over Pollution Suit Defense

    Savers Property & Casualty Insurance Co. asked an Indiana federal court Tuesday to declare it is not obligated to defend or indemnify its insured in a Racketeer Influenced and Corrupt Organizations suit over the alleged cover-up of illegal hazardous waste dumping by several steel companies.

  • September 20, 2012

    BofA Calls Bid To Join Mortgage Insurance Suits A Power Play

    Bank of America Corp. and some plaintiffs alleging that banks and insurers engaged in kickback schemes that inflated mortgage insurance prices on Thursday told a federal judicial panel that a proposal to consolidate the cases in Florida was a power play on the part of plaintiffs' attorneys.

  • September 20, 2012

    House Panel OKs Bill To Ax Brokers' Fees From Insurer Costs

    The U.S. House of Representatives' Energy and Commerce Committee on Thursday passed along a bill aimed at preserving insurance brokers' jobs by excluding their fees from calculations under the health care law's minimum medical spending mandates — a move that would reduce rebates from health insurers to customers.

  • September 20, 2012

    Insurers Can't Duck Coverage Claims In Plant Pollution Suit

    A Wisconsin federal judge refused Wednesday to dismiss coverage claims against two insurers involved in a proposed class action alleging a manufacturing plant operated by their insured, Madison-Kipp Corp., leaked carcinogens into the air, soil and groundwater and contaminated residents' homes.

  • September 20, 2012

    NY Fines UnitedHealth Cos. For Not Explaining Coverage

    New York's insurance regulator said Thursday it has slapped two UnitedHealth Group Inc. companies with a $665,000 fine for not providing statements to health plan members to explain coverage and lay out the process for challenging claims denials.

  • September 20, 2012

    Sutter Health Hit With Antitrust Suit Over Medical Plans

    Sutter Health was hit with a putative antitrust class action in California federal court Monday, accusing the nonprofit health system of a conspiracy to maintain monopoly power for medical services in Northern California through unfair impositions on health plans and customers.

  • September 20, 2012

    Manufacturer Demands Coverage For Window Defect MDL Suits

    MI Windows & Doors Inc. is claiming in a suit removed Tuesday to Florida federal court that its insurers must defend the manufacturing company against consolidated litigation over alleged window defects, arguing the responsibility falls under the policies' products-completed operations coverage.

  • September 19, 2012

    Medicare Advantage Enrollment Up, HHS Says

    The Obama administration on Wednesday touted a projected enrollment increase for Medicare Advantage plans — good news for program contractors like UnitedHealthcare and Humana Inc. — but the insurance industry warned that most of the health law's cuts to the program have yet to take effect.

  • September 19, 2012

    6th Circ. Revives RICO Case Against John Hancock, Law Firm

    The Sixth Circuit on Wednesday revived a putative Racketeer Influenced and Corrupt Organization Act class action accusing John Hancock Life Insurance Co., Edwards Angell Palmer & Dodge LLP and others of making misrepresentations to steer companies to an abusive tax shelter.

  • September 19, 2012

    FDIC Likely To Pounce On GOP Insurer Insolvency Bill

    A recent bill that aims to ensure state regulators — and not the Federal Deposit Insurance Corp. — handle insurer insolvencies will likely face tough opposition from Democrats and the FDIC, which stands to lose insurer contributions to a fund for liquidating too-big-to-fail financial institutions, attorneys say.

  • September 19, 2012

    Selective Insurance Wants Off Hook For TCPA Coverage

    Selective Insurance Co. of South Carolina sued marketing company Dodson Co. LLC in Illinois federal court Wednesday, arguing that it has no duty to defend Dodson from a putative Telephone Consumer Protection Act class action because the allegations are not related to personal and advertising injury.

  • September 19, 2012

    CBO Adds 2M Uninsured To Health Reform Penalty Estimates

    Six million people will be subject to the health care law's individual mandate penalty for failing to get health insurance, about 2 million more people than was previously estimated, according to a Congressional Budget Office report released Wednesday.

  • September 19, 2012

    Dems Fight Bill Over Health Insurer Rebate Reductions

    A bill that would prevent broker commissions from being counted as administrative expenses in order to reduce customer rebates for health insurance companies was met with criticism from Democrats on the U.S. House of Representatives Energy and Commerce Committee on Wednesday.

  • September 19, 2012

    Ex-AIG Brass Rip NY AG's Objection To $115M Settlement

    Former American International Group Inc. officers trying to consummate a $115 million settlement in a securities fraud class action in New York federal court flayed the state Attorney General's Office on Wednesday over its latest objection to the deal.

  • September 19, 2012

    Insurer's Bid To Stay Corning Asbestos Claims Hits Snag

    A New York state judge said Tuesday that she needs more information on Illinois law before she can decide if insurance litigation over Corning Inc.'s asbestos claims against Lumbermens Mutual Casualty Co., which is in rehabilitation, can be stayed.