Lloyd's-Visa Deal May Boost Coverage For Calif. Privacy Rows

Law360, New York (August 8, 2012, 9:10 PM EDT) -- Certain Underwriters at Lloyd's, London on Tuesday settled a coverage fight with Visa Inc. arising from an $18 million settlement of a class action over phone calls recorded without consent after the insurer unsuccessfully appealed a ruling that now could help policyholders win coverage for California Privacy Act suits.

A California state court dismissed the coverage suit with prejudice after the parties hammered out a confidential deal. An attorney for Visa declined to comment, while attorneys for Lloyd's could not immediately be reached Wednesday.

The dismissal...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.