Insurance Law360 provides breaking news and analysis on insurance law. Coverage includes high-stakes cases against major insurance carriers, brokers, and reinsurers, as well as relevant policy developments and corporate deals.
An Illinois federal judge on Thursday ruled that CorVel Corp. can’t force its insurer to cover a nearly $1.4 million arbitration award it was ordered to pay to Hartford Fire Insurance Co. in a dispute over alleged flaws in CorVel’s medical bill review system, finding that a policy exclusion for claims arising from software problems bars coverage.
An Alabama federal judge ruled Friday that a case against Prudential Insurance Co. of America over its alleged wrongful denial of disability benefits can be updated, rejecting arguments by the insurer that Charles M. Davis hadn’t exhausted the internal appeals process before suing.
The Texas Supreme Court on Friday decided it will hear a dispute between the city of Dickinson, Texas, and the Texas Windstorm Insurance Association over benefits paid out after 2008's Hurricane Ike, in a case that asks the court to determine to what extent the attorney-client privilege applies to discovery documents.
Fourteen firms will steer 12 initial public offerings that could surpass $2.5 billion in proceeds during the coming week, representing notable companies like private equity-backed BJ’s Wholesale Club Holdings Inc. and several life science, technology and e-commerce issuers, potentially closing the busiest month for IPOs in three years.
A once-obscure Texas federal judge who rocketed to prominence after being handpicked to hear lawsuits against the Obama administration is now overseeing his biggest case yet: an existential challenge to the Affordable Care Act. In an interview with Law360, U.S. District Judge Reed O'Connor explained how he's approaching the momentous legal battle.