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Insurance

  • December 7, 2018

    BCBS Mass. Gets Wilderness Therapy Coverage Row Trimmed

    A Massachusetts federal judge has agreed to trim a proposed class action against Blue Cross and Blue Shield of Massachusetts accusing the insurer of wrongly refusing to cover wilderness therapy treatment for policyholders’ children.

  • December 7, 2018

    Meet The Rigorous Judge Overseeing The CVS-Aetna Merger

    The D.C. federal judge pumping the brakes on the fast-moving merger of CVS Health Corp. and Aetna Inc. has a track record of aggressively scrutinizing government deals with big business, even if it means testing the boundaries of judicial power.

  • December 7, 2018

    Workers Comp Insurer, UK Reinsurers Settle Coverage Battle

    A Florida workers compensation insurer and a group of British reinsurers have agreed to settle a dispute over reinsurance payments for construction site injuries, six months after the Second Circuit asked a court to take a second look at whether a $1.5 million award against the reinsurers was tainted by an arbitrator's bias.

  • December 7, 2018

    MVP: Cozen O'Connor's Andrew Kay

    Andrew Kay's work with Thrivent Financial for Lutherans bore fruit over the past year for the life insurer and financial-products company with not one but two industry-affecting wins, making Kay one of Law360's 2018 Insurance MVPs.

  • December 7, 2018

    Data-Driven Lawyer: Morgan Lewis' J. Kyle Poe

    Morgan Lewis' J. Kyle Poe, a self-proclaimed "elder millennial," created a client management platform to streamline the firm's work in asbestos litigation that is now used across practice areas, making the firm's business more efficient and upping its ability to attract clients through innovative fee arrangements, earning him a spot on our 2018 list of Data-Driven Lawyers.

  • December 7, 2018

    Real Estate Rumors: LV Lending, Taconic, GLL

    LV Lending has reportedly provided a $10 million loan for a Florida retail project, a Taconic Investment venture is said to have bought a New York property for $269 million with financing from MetLife, and German fund GLL Real Estate Partners has reportedly sold a Florida office building for $25.1 million.

  • December 7, 2018

    Trump Picks Kirkland's William Barr For AG

    President Donald Trump named Kirkland & Ellis LLP attorney William Barr as his pick to replace former Attorney General Jeff Sessions Friday, setting Barr up to reprise the role he served under late President George H.W. Bush.

  • December 7, 2018

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

    The last week has seen an African import-export bank sue Nigerian airline Airik, Jaguar and several major insurers sue an auto shipping specialist and a Brazilian energy executive lodge a claim against a unit of Swiss bank Rothschild. Here, Law360 looks at those and other new claims in the U.K.

  • December 6, 2018

    $23M Suit Over Energy Asset Sales Not Covered: 8th Circ.

    The Eighth Circuit on Thursday affirmed the dismissal of an oil services company's case against an insurer over underlying $23 million unfair-competition claims, saying a lower court was right that coverage was not available.

  • December 6, 2018

    8th Circ. Upholds Homeowners' Cert. In Row With State Farm

    The Eighth Circuit on Thursday upheld a lower court’s order certifying a class of Arkansas homeowners who say State Farm illegally deducted “labor depreciation” from their home insurance payouts, finding that class treatment is warranted because the plaintiffs’ claims revolve around a common legal question.

  • December 6, 2018

    Ex-5Linx CEO To Serve 14 Months For Fraud, Pay $2.4M

    Former 5Linx CEO Craig Jerabeck was sentenced to 14 months in prison and ordered to pay $2.3 million in restitution to investors of the multilevel marketing company who were bilked out of the same amount over a period of six years, the U.S. Department of Justice announced Thursday.

  • December 6, 2018

    AmTrust Says Switching Auditors Doesn't Equal Fraud

    AmTrust Financial Services urged a New York federal judge Wednesday to toss a second amended complaint alleging its 2017 financial restatements led to a stock price drop for which it is now responsible, saying switching auditors and adhering to the new auditor's accounting standards is not securities fraud.

  • December 6, 2018

    MVP: Quinn Emanuel's Jane Byrne

    Jane M. Byrne guided three companies through a rare insurance trial and secured several victories outside of court this year, adding to her already crowded list of achievements and landing the Quinn Emanuel Urquhart & Sullivan LLP attorney among Law360's 2018 Insurance MVPs.

  • December 6, 2018

    Axis Needn't Cover Patriarch In SEC Probe, 2nd Circ. Affirms

    The Second Circuit on Thursday affirmed that Axis Insurance Co. doesn't owe Lynn Tilton's Patriarch Partners LLC $5 million to cover the costs of a U.S. Securities and Exchange Commission investigation and enforcement action, saying coverage is barred because Patriarch was aware the SEC had the firm in its crosshairs before the Axis policy went into effect.

  • December 6, 2018

    Data-Driven Lawyer: Ogletree's Evan Moses

    Ogletree's Evan Moses uses unconventional strategies to boost the firepower of his class action practice, including a homegrown Monte Carlo algorithm, earning him a spot on our 2018 list of Data-Driven Lawyers.

  • December 5, 2018

    Medical Groups Back States In Association Health Plan Row

    The American Medical Association has told a D.C. federal judge that the U.S. Department of Labor's association health plan rule flies in the face of Affordable Care Act’s aim of trying to make sure patients across the country can get good, affordable health coverage.

  • December 5, 2018

    Cleanup Probe Triggers Defense Coverage, City Tells 9th Circ.

    A Washington city urged the Ninth Circuit Wednesday to rule that the expenses it has incurred to investigate pollution at a landfill are defense costs under its insurance policies with Travelers and are therefore not subject to policy limits, arguing that a lower court erroneously limited the city's potential coverage by classifying the expenses as damages.

  • December 5, 2018

    MVP: Skadden's Todd Freed

    Todd Freed of Skadden Arps Slate Meagher & Flom LLP helped to guide several insurance M&A deals worth tens of billions of dollars over the past year, including some groundbreaking international transactions like AIG's $5.6 billion purchase of Bermuda-based Validus Holdings Inc., earning him a spot as one of Law360's Insurance MVPs.

  • December 5, 2018

    Jury Says Pa. Man Didn't Lie About Fire, Insurer Owes $1.5M

    A Pennsylvania federal jury on Tuesday found that a homeowner did not defraud American National Property and Casualty Co. by falsely claiming a Louis Vuitton purse and set of diamond earrings were destroyed when his house burned down, awarding him more than $1.5 million from the insurer.

  • December 5, 2018

    NJ Tenant Sheds Coverage Obligation In Elevator Injury Row

    A New Jersey state appeals court has ruled that a furnishings company doesn’t have to defend its landlord in an employee’s suit over a freight elevator accident, ruling Wednesday that the lease agreement requires it to indemnify the building owner, but not for its own negligence.

Expert Analysis

  • FinCEN Tightens The Net On Illicit Real Estate Deals

    Thomas Delaney

    Geographic targeting orders released this month indicate that the Financial Crimes Enforcement Network remains concerned about money laundering risks in the real estate sector — and the anonymity of transactions that use virtual currency, say attorneys with Mayer Brown LLP.

  • Illinois Tax Talk: Apportioning Insurance Company Income

    Christopher Lutz

    While most corporations are required to follow the standard statutory formula for corporate income tax apportionment, insurance companies have to apportion their income to Illinois according to special rules, says Christopher Lutz of Horwood Marcus & Berk Chtd.

  • Property Insurance Considerations For Green Energy Storage

    Jeffrey Weinstein

    While battery storage for renewable power sources is pushing the boundaries of new technology, an overarching issue the property insurance industry must face is what happens if it fails or malfunctions, say Jeffrey Weinstein and Bruce Kaliner of Mound Cotton Wollan & Greengrass LLP.

  • Examining A Post-Wildfire Securities Suit

    Kevin LaCroix

    A securities class action complaint against utility company Edison following the recent massive wildfires in California is the latest example of event-driven securities litigation, a phenomenon that represents a significant problem for directors and officers insurance underwriters, says Kevin LaCroix of RT ProExec.

  • Jurors Should Ask More Questions During Trials

    Matthew Wright

    Permitting jurors to submit written questions, or even to pose questions orally to witnesses on the stand, advances several important goals and promotes both fairness and efficiency, says Matthew Wright of McCarter & English LLP.

  • Calif. Ruling Dings Engagement Letter Arbitration Clauses

    Sharon Ben-Shahar Mayer

    The California Supreme Court's recent decision in Sheppard Mullin v. J-M Manufacturing has cast doubt on arbitration clauses in attorney engagement agreements, jeopardizing the efficient resolution of malpractice claims and fee disputes, say Sharon Ben-Shahar Mayer and Mark Drooks of Bird Marella Boxer Wolpert Nessim Drooks Lincenberg & Rhow PC.

  • 10 Things We Wish We Were Told When Going In-House

    Dana Lee

    Attorneys at Albert Einstein College of Medicine, Perkins Coie LLP and the Healthcare Association of New York State reflect on lessons they learned the hard way when transitioning to in-house counsel positions.

  • What To Know About DOL's Proposed Retirement Plan Rule

    Deborah Hembree

    A rule recently introduced by the U.S. Department of Labor addressing the multiple employer provisions of President Donald Trump's executive order on retirement regulations would provide clarity for employers, but the changes are not without limits, says Deborah Hembree of Constangy Brooks Smith & Prophete LLP.

  • The Virtual Law Team: Advantages For Litigants And Lawyers

    Jessica Cox

    The virtual law team was created as a necessary response to mass tort litigation — however, with advances in technology and ever-increasing specialization of the legal practice, the model should be considered in multiplaintiff litigation of any size, say attorneys at Faegre Baker Daniels LLP.

  • Q&A

    BigLaw Alums Q&A: Mark Migdal's Lara O'Donnell Grillo

    Lara O’Donnell Grillo

    BigLaw firms tended to be inflexible, with methods that were inconsistent with how I wanted to practice law. There were many time-wasting aspects of the practice, says Lara O’Donnell Grillo of Mark Migdal & Hayden.