October 11, 2018
Courts around the country have issued a number of important decisions over the past few months, including an Ohio court’s first-of-its-kind finding that lost bitcoin is covered property under a homeowner’s policy and the Sixth Circuit’s ruling that a bank’s insufficient notice to its insurers defeated its claim for $75 million in False Claims Act coverage. Here, Law360 looks at four key insurance rulings you may have missed.
February 22, 2018
Eight insurers have told the Sixth Circuit that not only did they rightfully refuse to pay $75 million toward a $212 million settlement First Horizon National Corp. reached with regulators, but that the appeals court should revive their bad faith and breach of settlement claims against the bank.
October 11, 2017
First Tennessee Bank NA Tuesday asked the Sixth Circuit to overturn a district court's finding that it provided its insurers with too little notice for them to pay out $75 million to cover part of the bank's 2015 $212.5 million False Claims Act settlement.