We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Insurance

  • June 22, 2018

    Health Co. Can't Get Insurer To Cover $1.4M Arbitration Award

    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.

  • June 22, 2018

    Prudential Again Facing Disability Benefits Suit After 3 Years

    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.

  • June 22, 2018

    Texas Justices To Hear Atty-Client Privilege Discovery Row

    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.

  • June 22, 2018

    14 Firms To Steer IPOs Surpassing $2.5B To Close Busy June

    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.

  • June 22, 2018

    In His Own Words: How Texas Judge Is Mulling ACA Case

    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.

  • June 22, 2018

    UK Litigation Roundup: Here's What You Missed In London

    The last week has seen a group of shippers bring a commercial fraud claim against the Bank of Scotland, the head of a Syrian laminate group sue United Insurance, and a dispute involving RBS and the failed Caterham Formula One Team. Here, Law360 looks at those and other new claims in the U.K.

  • June 22, 2018

    Philadelphia Insurance Adjuster Admits To Tax Fraud

    A Philadelphia man has pled guilty to tax fraud charges in connection with skimming $500,000 in taxable proceeds from his insurance adjustment business, the U.S. Department of Justice said Friday.

  • June 22, 2018

    Real Estate Rumors: Morguard, Starwood REIT, Aetna

    Morguard Management has reportedly bought 125 Florida condos for $19 million, real estate investment trust Starwood Property is said to have loaned $213 million for a Los Angeles project that includes hotel and retail components, and Aetna has reportedly leased 85,000 square feet in Florida.

  • June 22, 2018

    Seafood Co. Sues Wells Fargo Over Coverage Advice

    The Pacific Seafood Group told an Oregon federal court Thursday that bad advice from Wells Fargo’s insurance brokerage division left it on the hook for more than $27 million after it lost a processing plant in a 2013 fire.

  • June 22, 2018

    Insurance Co. Looks To Nix Damages In H-2A Worker Row

    A Louisiana insurance company asked the Fifth Circuit to hear arguments that it should not be on the hook for damages, saying that two immigrants who were injured while working at a sugarcane farm it insures should have been barred under state employment law from bringing claims looking to hold the farm liable.

  • June 22, 2018

    France, Italy Decline VAT Reforms Without Financial Tax Cut

    A push to modernize the European Union value-added tax regime was put on hold Friday, with France and Italy refusing to sign up unless the measures also included a financial sector tax cut that the bloc's own executive arm said would be unworkable.

  • June 21, 2018

    Insurer Can't Recover Costs From Engine Transport Snafu

    An insurer for a General Electric unit cannot put shipping company Agility Logistics Corp. on the hook for the costs to inspect a jet engine that Agility failed to transport properly, a New York federal judge ruled Thursday, holding that the insurance company’s suit is barred under an international treaty because the engine was not damaged in transit.

  • June 21, 2018

    Pella Class Rejects $5M Fee Bids After Inking Bigger Deal

    Consumers in a class action accusing Pella Corp. of selling leaky windows that cause rot on Wednesday lambasted two parties’ attempt to recoup nearly $5 million in attorneys’ fees from their pending $25 million settlement in Illinois federal court, saying the two should not be rewarded for work that only delayed the suit’s resolution.

  • June 21, 2018

    These Practices Will Drive Legal Hires In The Next 6 Months

    More than half of U.S.-based lawyers anticipate this practice will drive job growth at their firms or companies throughout the second half of 2018, according to a survey released by legal staffing and consulting solutions company Robert Half Legal on Thursday.

  • June 21, 2018

    PBMs, Insurers Back Anthem, Express Scripts In Pricing Suit

    Two trade associations for pharmaceutical benefits managers and health insurers have thrown their support behind Anthem Inc. and Express Scripts Inc. in a dispute at the Second Circuit over the companies’ drug pricing, arguing that the companies weren’t acting as fiduciaries when they contracted together.

  • June 21, 2018

    Sports Co. Must Face Liberty Mutual's Coverage Suit

    A New York federal judge found Thursday that Liberty Mutual can go forward with a suit seeking indemnification from an exercise device manufacturer it claims sold its policyholder a design for a defective product and left the insurer on the hook for a $650,000 settlement.

  • June 21, 2018

    DOL's Fiduciary Rule's Demise Made Official By 5th Circ.

    The Fifth Circuit on Thursday closed the book on the U.S. Department of Labor’s controversial 2016 fiduciary rule, which required retirement advisers to act in the best interest of clients, issuing a mandate that officially vacates the rule three months after a divided panel invalidated it.  

  • June 21, 2018

    SEC Accuses Pa. Man Of Stealing $1.3M From Investors

    The U.S. Securities and Exchange Commission on Thursday accused a Pennsylvania insurance agent of running a $1.27 million Ponzi scheme, using funds taken from investors to pay his own expenses instead of putting them in an index fund as he’d promised.

  • June 21, 2018

    Kutak Rock Scores Insurance Expert In Philly

    Kutak Rock LLP has nabbed a Philadelphia insurance litigator to bolster the firm's nationwide litigation practice group, which currently has more than 50 insurance attorneys.

  • June 21, 2018

    3rd Circ. Says Ex-Ace Insurance VP Must Arbitrate Firing Case

    The Third Circuit has determined that a former Ace American Insurance Co. vice president must arbitrate his claims he was fired for telling his supervisors the company was destroying documents that might become relevant in litigation, ruling he was bound by an arbitration agreement he signed when he was hired.

Expert Analysis

  • Pa. Reinsurance Ruling Sets Precedent For Insolvency Cases

    Andrew Rothseid

    Pennsylvania's Commonwealth Court recently confirmed an arbitration award in favor of the Pennsylvania Insurance Commissioner against General Reinsurance Corporation. This decision rejects reinsurers' long-maintained argument that the acceleration of payment obligations by a cedent has no bearing on their own payment obligations, say Andrew Rothseid of RunOff Re.Solve LLC and Joseph Donley of Clark Hill PLC.

  • FDA Clarifies Communication Rules For Medical Product Cos.

    Douglas Hallward-Driemeier

    The U.S. Food and Drug Administration recently provided drug and device manufacturers additional flexibility to convey certain types of truthful, nonmisleading product information. These guidance documents address FDA regulation of manufacturer communications, but the FDA still has work to do to complete its comprehensive review of policies in this area, say attorneys at Ropes & Gray LLP.

  • Opinion

    BigLaw's Associate Salary Model Is A Relic Of A Bygone Era

    William Brewer

    Legal industry compensation practices are once again in the news as BigLaw firms continue to match the new high watermark of $190,000 for first-year associate salaries. The typical model of increasing associate salaries uniformly fails star associates, the firms they work for and, ultimately, the clients they serve, says William Brewer, managing partner of Brewer Attorneys & Counselors.

  • 2 Avenues Of Insurance Coverage For Cryptocurrency Theft

    Fiona Chaney

    This month, cryptocurrency exchange Conrail reported that hackers stole $37 million of its virtual currency, marking the second high-profile cryptocurrency theft this year. In order to maximize potential recovery, companies should carefully review both their commercial crime and cyber policies before a theft or other loss occurs, says Fiona Chaney of Pasich LLP.

  • #MeToo At Law Firms And What We Can Do About It

    Beth Schroeder.JPG

    While some may say it’s ironic, it’s also embarrassing and enraging that the very industry that offers anti-harassment training, policies and counsel now finds itself the subject of #MeToo headlines. The American Bar Association recommendation that will bring about the greatest change is the call to provide alternative methods for reporting violations, says Beth Schroeder, chair of Raines Feldman LLP's labor and employment group.

  • Make Sure Your Cyber Insurance Is Ready For GDPR

    Joseph Fields

    Because cyber insurance policies are not standardized, potential differences in language could affect coverage in the General Data Protection Regulation age. Special attention should be paid to insuring language, triggers, most favored venue and jurisdiction wording, and other clauses, says Joseph Fields of Offit Kurman PA.

  • Knowledge Lawyers Can Help Firms Stay Ahead Of The Curve

    Vanessa Pinto Villa

    In a profession notoriously averse to change, it should come as no surprise that there is skepticism about the value of having attorneys perform nonbillable tasks. But U.S. law firms have slowly begun to incorporate knowledge lawyers into their operations — and the trend is likely to continue, says Vanessa Pinto Villa of Hogan Lovells.

  • No Arbitration For Insurance Disputes In Puerto Rico

    Anaysa Gallardo Stutzman

    For insurers and insureds caught in the chaos of the claims left behind by the 2017 Atlantic hurricane season in Puerto Rico, even an agreement to arbitrate would violate Puerto Rico's Insurance Code, and as such should be avoided, says Anaysa Stutzman of Zelle LLP.

  • An Unprecedented Look Inside The FARA Unit

    Brian Fleming

    For close observers of the Foreign Agents Registration Act, the June 8 release by the U.S. Department of Justice of over 50 FARA advisory opinions was a watershed. These opinions offer an unprecedented glimpse into how the FARA Registration Unit interprets the law, say Brian Fleming and Andrew Herman of Miller & Chevalier Chtd.

  • Excess D&O In Del.: A Safe Forum For Exhaustion Disputes

    Daniel Wolf

    Excess directors and officers insurers have become increasingly aggressive in denying coverage based on a line of cases holding that exhaustion language found in many excess D&O policies requires full payment from underlying insurers. Policyholders incorporated in Delaware can alleviate this risk by litigating the issue in Delaware courts, says Daniel Wolf of Gilbert LLP.