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Latest News in Insurance
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July 07, 2026
Chicagoland grocery chain owners were not entitled to microcaptive tax benefits because they failed to establish a bona fide in-house insurance arrangement, the government told the Seventh Circuit, saying the U.S. Tax Court correctly held that state law does not control the federal tax definition of insurance.
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July 07, 2026
An insurer for a home renovation company is bound by a nearly $78 million judgment in an underlying suit over an auto collision involving a worker who was on the way to perform plumbing services and cannot attack the judgment as fraudulent, a California federal judge has ruled.
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July 06, 2026
CVS has agreed to shell out $36.5 million to put to rest a handful of False Claims Act suits from states and the federal government, which allege the pharmacy chain submitted fraudulent Medicaid claims after giving patients more insulin than they were prescribed and lying about refill timelines.
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July 06, 2026
An annuity salesperson whose hostile work environment claim against Jackson National Life Insurance Co. was revived by the Tenth Circuit urged a Colorado federal judge Monday not to bar from trial a damages expert the company says the plaintiff denounced.
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July 06, 2026
3M Co. and Chubb unit Federal Insurance Co. reached a deal resolving a dispute over insurance coverage for thousands of product liability lawsuits claiming that a 3M post-surgery warming device caused patients to develop infections.
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