Counsel for a class of 270,000 retirement plan participants urged a Tenth Circuit panel to revive their suit against Great-West Life & Annuity Insurance Co. over its distribution of investment profits Wednesday, arguing that the insurer must be considered a fiduciary under the Employee Retirement Income Security Act.
A $990,000 settlement resolving a class action accusing Capgemini North America Inc. of cheating Indian national employees out of health care insurance cleared its final hurdle Tuesday when an Illinois federal judge granted final approval.
A group of global insurance regulators on Wednesday proposed suspending publication of its list of systemically important insurers who must comply with tougher capital rules, saying it wants to review the way it assesses the size of capital buffers.
A law firm was allowed to withdraw as counsel for a New Jersey homeowner Tuesday in an insurance fraud suit brought by mortgage lender Wilmington Savings Fund Society FSB, after a federal judge determined the defendant has not been responsive with her attorneys or paid her legal bills.
A spate of deadly wildfires that has scorched hundreds of thousands of acres in California may end up costing insurance companies $6 billion or more, according to a report issued Monday by Moody’s Investors Service Inc.
A Texas law firm defended its involvement Monday in an insurer client's coverage dispute with a seed company, saying one of the firm’s support staff had indeed previously worked for the seed company but left long before the grounds for a coverage dispute were even known.
Blue Cross Blue Shield of Florida was hit with a suit on Tuesday claiming it has created an unlawful stranglehold on Affordable Care Act policies in the Sunshine State by having brokers agree not to carry policies from any other insurer.
Atlantic Casualty Insurance Co. filed suit Tuesday against a sports bar it insures to avoid paying for an underlying suit by four customers over an intoxicated patron who crashed his car into the Cincinnati-area bar, telling an Ohio federal court that several exclusions apply to bar coverage.
The U.S. Supreme Court said Tuesday it won't hear a group of retirees' challenge to a Sixth Circuit opinion that found Honeywell International Inc. didn't owe them lifetime health care benefits.
A London court has ruled that 23 former executives at AIG are entitled to deferred bonuses pre-dating the financial crisis that could be worth more than $100 million despite the units' involvement in the risky trading that nearly brought down the insurance giant.
The Ninth Circuit on Friday asked Washington state’s high court to consider whether Selective Insurance Co. of America must cover T-Mobile’s costs in a lawsuit alleging its antenna installation contractor damaged a building in the Bronx in New York, saying Washington state law is unsettled on a critical issue in the case.
A Wisconsin agency has appealed to the Seventh Circuit a ruling blocking the state from excluding gender-confirming medical care from state employees' health coverage and entering jury awards in favor of two transgender workers at the University of Wisconsin who were denied such care.
The last week has seen a pair of disputes involving asset manager CGrowth, another suit from private equity-linked firms taking on parties linked to Thailand's KPN Group and Kodak bring a competition case against Goldman, Glencore and others the film giant has accused of manipulating aluminum prices in the U.S. Here, Law360 looks at those and other new claims in the U.K.
Excess insurer Arrowood Indemnity Co. urged a Washington federal judge to hold that Costco's failure to secure its consent for an $8 million settlement of a gender bias class action relieves the insurer of any coverage duties, while Costco countered Arrowood waited too long to object to the deal.
A man who was injured in a scuffle as he walked in on a murder-suicide is urging Pennsylvania's highest court to uphold a decision finding that Erie Insurance Exchange was responsible for the cost of defending the gunman's estate in a lawsuit over the incident.
Timeshare owners have asked a Florida federal court to sanction Marriott Ownership Resorts Inc. in a proposed class action claiming the timeshare company and its insurer duped them into invalid real estate deals with Orange County's help, saying it intentionally withheld "massive amounts" of documents during discovery.
An insurance company has asked a California federal court to grant a quick win in its suit against a policy-holding photography company because exclusions in the coverage mean it doesn't have to pay for a drone incident at a wedding shoot during which a guest lost an eye.
Cyber policies are increasingly incorporating coverage for the hefty fines and liabilities that are likely to arise from the European Union's General Data Protection Regulation, but legal and regulatory pronouncements in vital jurisdictions may stymie these efforts and open the door for unprecedented coverage battles, experts say.
A California federal judge has ruled that a Liberty Mutual unit cannot put CNA Financial Corp. on the hook for the nearly $1.2 million it paid to cover the theft of a silk shipment from the companies’ mutual insured, saying the lack of a contractual relationship between the two insurers dooms the lawsuit.
An Oklahoma jury this week slammed Aetna with two verdicts totaling nearly $25.6 million, finding the insurer willfully acted in bad faith when it repeatedly refused to cover proton beam therapy recommended for a woman’s cancer.
Dark web monitoring allows law firms to see what sensitive information may have made its way onto the thriving global underground marketplace where cybercriminals buy and sell exposed data. It can also help lawyers advise clients on a wide range of legal and business matters, say Anju Chopra and Brian Lapidus of Kroll.
Interpretations of Rule 45 protections vary but what's clear is that "undue burden" does not mean no burden at all. To avoid the costs of compliance with a subpoena, a nonparty should be ready to demonstrate its disinterest in the litigation and the anticipated cost and burden of compliance, say attorneys at Pepper Hamilton LLP.
In the latest installment of their monthly column, Timothy Noonan and K. Craig Reilly of Hodgson Russ LLP revisit the ongoing battle over the SALT deduction cap, note the importance of taxpayer testimony in domicile cases, address nonaudit-related legal challenges facing taxpayers and review New York City’s better-late-than-never guidance on repatriated income.
The Sixth Circuit's recent decision in First Horizon v. Houston reinforces the importance of providing timely and complete notice to insurance carriers, and will discourage insureds from disguising crucial facts about claims, says Matthew Beato of Wiley Rein LLP.
Fiduciary liability insurance is an important but often overlooked aspect of a company’s risk management plan. José Jara of CKR Law reviews how it can be used to protect fiduciaries when governing or providing services for employee benefit plans subject to the Employee Retirement Income Security Act.
In August, the IRS proposed regulations for the new Internal Revenue Code Section 199A, which includes good news for insurance agents and brokers. Attorneys with Locke Lord LLP examine whether that good news will carry over to participants in the life settlement industry.
At a time when the materiality of corporate reputation risk is widely recognized, but institutional safeguards against that risk are not, what are the implications for directors and officers? The current state of play is not comforting, says Nir Kossovsky of Steel City Re.
As hurricane season continues, insured business owners in affected areas are likely to seek coverage for loss of business income. It's important to recognize that for business income insurance to cover losses caused by a civil authority order, the order must be a result of actual property damage, says Tracey Jordan of Foran Glennon Palandech Ponzi & Rudloff PC.
The Eleventh Circuit's decision in Bannon v. Geico essentially establishes that Florida insurers have an affirmative duty to initiate settlement negotiations where it is clear that liability lies mostly with their insureds. However, it is unclear what apportionment of fault will trigger the insured's duty, say Rory Jurman and Vanessa Alvarez at Fowler White Burnett PA.
Jason Idilbi, former BigLaw associate and general counsel of the tech startup Passport Labs Inc., returns to Law360 to share recent thoughts on best practices for newer associates — whether they are serving external clients or senior attorneys within their firms.