The Tenth Circuit on Thursday affirmed that State Farm doesn’t have to cover a businessman in a lawsuit alleging he misappropriated a former partner’s idea for a gas detection system to form a competing company, agreeing with a lower court that coverage is unavailable because the businessman wasn’t sued over his actions as an officer of the new company.
A Delaware state court judge has ruled real estate trust Vereit Inc.'s insurers must cover the costs the company's investment manager incurred defending against an investor class action and a U.S. Securities and Exchange Commission probe aimed at both companies.
An Illinois federal judge gave the final go-ahead Thursday to a $250 million settlement in a class action accusing State Farm of using campaign donations to buy an Illinois Supreme Court justice’s vote, but an objector to the deal has said she will likely appeal.
A putative class of auto insurance customers and a putative class of health care providers are jointly suing Allstate over allegedly failing to properly reimburse health costs over car accidents that happened in Pennsylvania but occasioned treatment outside Pennsylvania, according to a suit removed to New Jersey federal court Wednesday.
A New Jersey federal judge on Thursday certified a proposed class action alleging a letter sent by a debt collector contained contradictory health insurance instructions, ruling among other things that the common claims in the suit would predominate over individual issues.
Premier Oil PLC is mulling making an offer for North Sea oil and gas assets being sold by Chevron Corp., Japan Post Holdings plans to invest in U.S. insurer Aflac Inc., and an Oak Hill Capital Partners buyout fund is getting ready to hit its first close.
This year brought many major policy developments that affected insurers, with the European Union's stringent data security rules spurring demand for cyber insurance and U.S. regulators ending an era by rescinding Prudential's designation as a systemically important financial institution, leaving no nonbank firms with the controversial tag. Here, Law360 looks back at the biggest regulatory and legislative developments that impacted insurers in 2018.
A Massachusetts appeals court on Thursday said an oil and heating company was entitled to save more than $131,000 in a jury verdict over an oil spill, ruling half the payment for a negligence judgment is offset by money the oil company’s insurer already paid to fix the damaged property.
Fentanyl maker Insys Therapeutics Inc. has filed a blistering request in Arizona federal court to wrest documents from Blue Cross Blue Shield over the insurer's allegations that Insys conjured up $19 million worth of bogus prescriptions for the powerful opiate, calling the insurer's attorney-client privilege claims a fiction.
Blue Cross Blue Shield insurers must face the per se legal standard that if proven says their behavior in allegedly divvying up geographic markets broke the law regardless of the impact on competition, the Eleventh Circuit said Wednesday.
A Florida appeals court on Wednesday dismissed the appeal of a trial court order ending an attorney’s claims against his former client, a Miami-area chiropractor, whom the attorney claims settled on his own with an insurer to circumvent the lawyer’s right to fees.
The tenants of a Pittsburgh-area office building have filed a Pennsylvania state court suit against DJI Technology Inc., blaming the company for allegedly defective drone batteries that sparked a December 2016 fire resulting in more than $1.4 million worth of damage to businesses and a restaurant in the building.
Nonprofit insurer EmblemHealth has agreed to cover gender reassignment surgery and reimburse policyholders who paid for surgery out of pocket after being denied coverage, the New York attorney general’s office announced Wednesday.
The Tenth Circuit on Wednesday affirmed a trial court’s ruling that a man’s State Farm liability coverage doesn’t apply to wrongful death claims arising from a fatal one-car crash that occurred when the man’s estranged wife’s boyfriend allowed an intoxicated woman to drive the man’s Porsche.
Florida insurance carriers have passed along billions in legal costs to policyholders as lawsuits involving “assignments of benefits” — which permit medical service providers and repair contractors to pursue direct payment from insurers — continue to proliferate statewide, according to a Wednesday report by the Insurance Information Institute.
Insurers are expected to shell out more than $9 billion to cover policyholders’ losses in a spate of deadly wildfires that ravaged California last month, according to an estimate Wednesday from the state’s insurance regulator.
The U.S. government said Wednesday that it intends to sign a sweeping agreement with the U.K. that will help American firms keep pushing into the world’s fourth-largest insurance market after Britain exits the European Union.
The Florida Supreme Court said Wednesday it would not reconsider its ruling that a Facebook friendship between a judge and an attorney appearing in the judge’s court does not by itself demand the judge’s recusal.
A Massachusetts federal judge unleashed a Seventh Amendment polemic Tuesday against five separate motions for summary judgment in a complicated suit over a grave injury to a farmworker, saying that to bar a jury from deciding whether to put a private equity firm on the hook for damages would evince "an unabashed retreat from the magnificent vision of the founders."
Two insurance companies have fallen short in their bid to toss an orthopedic practice’s suit alleging they failed to fully cover a patient’s surgery after approving the procedure, with a New Jersey federal judge rejecting the insurers’ argument that the claims are preempted by the Employee Retirement Income Security Act.
He was White House counsel to two presidents. When Reagan was shot, he explained the chain of command to a four-star general. And until a few years ago, many people still thought he was Deep Throat during the Watergate scandal. Fred Fielding of Morgan Lewis & Bockius may be the quintessential Washington insider. White and Williams attorney Randy Maniloff visits him to learn more.
The IRS recently proposed regulations for discounting unpaid losses under Internal Revenue Code Section 846. This necessary guidance, affecting both long- and short-tail insurers, removes obsolete regulations following the Tax Cuts and Jobs Act, say Kristan Rizzolo and Graham Greene of Eversheds Sutherland LLP.
Many law firms have tickets or luxury suites at sporting events to host clients and prospects. Matthew Prinn of RFP Advisory Group and Matt Ansis of TicketManager discuss some of the ways that firms can use those tickets effectively.
A recent opinion from the American Bar Association provides useful guidance on attorneys’ obligations to guard against cyberattacks, protect electronic client information and respond if an attack occurs, says Joshua Bevitz of Newmeyer & Dillion LLP.
A new proposal by the U.S. Securities and Exchange Commission represents a major step forward in updating the disclosure and delivery requirements imposed on the variable insurance products industry. Embracing the new regime, however, will take some work and is not without certain challenges, say attorneys with Eversheds Sutherland.
Opening comments by parties in mediation that are made with the proper content and tone can diffuse pent-up emotion and pave the way for a successful resolution. But an opening presentation can do more harm than good if delivered the wrong way, say Jann Johnson and William Haddad of ADR Systems LLC.
In Thee Sombrero v. Scottsdale, a California appellate court recently articulated that for insurance purposes, economic losses can constitute property damage even without physical damage if an insured loses the use of tangible property, say Catherine Doyle and Jan Larson of Jenner & Block LLP.
In the second installment of this three-part legislative preview, Rich Ehisen of State Net Capitol Journal examines a number of issues that should keep state lawmakers occupied next year.
Plaintiffs attorneys are winning big in civil litigation by invoking genomic susceptibility arguments, and trends suggest that property and casualty insurers will face more and larger claims as a result. But genomic data can assist both plaintiffs and defendants, say David Schwartz of Innovative Science Solutions and William Wilt of Assured Research.
In Ohio Northern v. Charles Construction, Ohio's Supreme Court recently went against the prevailing trend of courts being more inclined to find that a subcontractor's faulty workmanship can be an occurrence under a commercial general liability policy, says Jonathan MacBride of Zelle LLP.