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Insurance

  • July 24, 2018

    Deals Rumor Mill: Fosun, Median, Volvo

    Fosun International is reportedly mulling a deal to buy some or all of insurer Ageas, German clinic company Median Kliniken is up for sale, and Volvo Cars has been valued well below its owner’s target related to a potential stock market listing.

  • July 24, 2018

    How Mammoth Student Loans Are Dogging Today's Lawyers

    Six-figure student debt is fast becoming the norm for newly minted attorneys, a reality that's taking a toll on everything from job hunting to psychological well-being.

  • July 24, 2018

    Reed Smith Adds Norton Rose Health Care Privacy Pro

    Reed Smith LLP has hired a Norton Rose Fulbright attorney who represents health care and life sciences companies in data privacy and cybersecurity issues, Reed Smith said Monday.

  • July 23, 2018

    Tribune Shareholders Must Share Atty Docs In Insurance Row

    An Illinois state appeals panel has upheld most of an order forcing two former Tribune Media Co. shareholders to turn over documents they shared with their attorneys relating to their leveraged buyout of the media company, saying attorney-client privilege doesn't apply to the documents their insurance broker seeks. 

  • July 23, 2018

    Ambac's Claims Over $94M MBS Deal Not Ripe, US Bank Says

    A mortgage backed securities trustee told a New York federal judge Friday that trust insurer Ambac Assurance Corp. is jumping the gun with its lawsuit alleging that the bank is just trying to protect itself by pushing forward with a “paltry” $94 million settlement of claims brought over allegedly defective Countrywide loans in a particular trust it oversees.

  • July 23, 2018

    VP Of Insurance Underwriter Charged With $13.5 Million Fraud

    The vice president of an insurance company’s underwriting group stole more than $13.5 million from a corporate client by fraudulently collecting premium payments on “matching deductible” insurance policies, according to information federal prosecutors filed Friday in Illinois federal court.

  • July 23, 2018

    Is The Grass Greener On The Solo Side?

    Long hours. Financial stress. Unpredictable clients. These lawyers say they've found their calling.

  • July 23, 2018

    Kia Wants 9th Circ. To End Allstate's 'Drivewise' TM Suit

    Kia is pressing the Ninth Circuit to reject a lawsuit that claims the automaker’s “Drive Wise” brand infringed Allstate’s “Drivewise” trademark, calling the insurer’s appeal “an extended struggle” against the facts of the case.

  • July 23, 2018

    AIG Says Maritime Co. Not Covered In $2.5M Antitrust Row

    Crowley Maritime Corp. can’t use new documents to reopen a $2.5 million insurance claim that was denied years ago for the legal bills of an executive accused of antitrust violations, an AIG unit told the Eleventh Circuit on Friday, urging the appeals court to affirm a lower court’s ruling.

  • July 23, 2018

    Geico Escapes Reimbursement Claims In Chiropractor Suits

    A Florida federal judge freed Geico from parts of two lawsuits by chiropractors accusing the insurer of failing to reimburse sufficient amounts for services rendered to patients injured in motor vehicle accidents, saying Friday that the court’s rulings in related cases doom the claims.

  • July 20, 2018

    Law360's Satisfaction Survey: By The Numbers

    Being a lawyer is not easy. But among private practice attorneys, in-house counsel and government lawyers, who's feeling the greatest pressure in finances and stress? Law360's 2018 Lawyer Satisfaction Survey provides a snapshot.

  • July 20, 2018

    The Least-Stressed Attorneys In A Stressed-Out Profession

    Law360's 2018 Lawyer Satisfaction Survey shows that when it comes to career and overall well-being, one type of firm is a lawyer's happy place — at least relatively speaking.

  • July 20, 2018

    John Hancock Signs $91M Deal To End Life Insurance Row

    John Hancock Life Insurance Co. agreed to pay more than $91 million to end a proposed class action alleging the company was jacking up life insurance policy rates by using the wrong mortality rate calculations, according to filings Friday in New York federal court.

  • July 20, 2018

    Boeing Must Face Suit Over Benefits After Kan. Plant Sale

    A Kansas federal judge ruled Friday that Boeing Co. must face claims that the company’s treatment of workers’ benefits after it sold a Kansas plant to Spirit AeroSystems Inc. in 2005 violated the Employee Retirement Income Security Act, and Boeing cannot hold five separate trials to resolve the allegations.

  • July 20, 2018

    9th Circ. Says Ore. County Can’t Collect $2.3M Defect Award

    An Oregon county can’t sue a subcontractor’s insurers to help pay for a damaged bridge, the Ninth Circuit affirmed Friday, finding that the insurance arrangement spelled out in the subcontractor’s work agreement is strictly verboten under Beaver State law.

  • July 20, 2018

    More Quinn Emanuel Attorneys Leave Firm For Dechert

    Dechert LLP on Friday said that 18 attorneys from Quinn Emanuel Urquhart & Sullivan LLP have joined the firm's product liability team, following Sheila Birnbaum, a defense attorney nicknamed the “Queen of Toxic Torts,” who made the jump in May.

  • July 20, 2018

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

    The last week has seen a slew of consumer goods distributors and insurers sue shipper MSC Mediterranean, a Nigerian bank take on one of the country's politicians and businessmen and U.S. tech company Ivanti lodge a claim against the venture capital firm it bought a digital workplace startup from.

  • July 20, 2018

    Stroock Picks Up Partners From Steptoe, Morgan Lewis

    Stroock & Stroock & Lavan LLP has continued its expansion by hiring two partners, bringing the total number of partners hired this year to seven while adding manpower to the firm's benefits and capital markets practice areas. 

  • July 20, 2018

    Harvard Pilgrim Must Face Mental Health Discrimination Suit

    A Massachusetts federal judge on Friday allowed a woman to move forward with a proposed class action claiming an insurance plan from Harvard Pilgrim Health Care Insurance Co. that covers medical expenses at nursing homes must also cover mental health care at her son's behavior-correcting summer camp.

  • July 20, 2018

    Atty DQ'ed Over Presuit Talks In Allstate Insurance Fight

    A Montana federal judge ruled Thursday that the attorney for a woman in a car insurance dispute with Allstate could not serve as trial counsel due to his presuit communications with the insurance company, finding the attorney may have to testify over information he provided about his client’s demands.

Expert Analysis

  • Series

    From Lawmaker To Lawyer: Prioritizing Is Always Key

    Joe Lieberman

    Today, members of Congress often seem able to blame colleagues of the other party for not getting anything done for their constituents. In law practice, you can’t really blame a bad result for your clients on the lawyers on the other side, says former Sen. Joe Lieberman, D-Conn., of Kasowitz Benson Torres LLP.

  • Limiting Law Firms' Professional Liability Risks: Part 1

    Stuart Pattison

    Corporate law departments are increasingly demanding more concessions from outside legal counsel, and presenting engagement letters that open the door to greater professional and cyber liability exposure for law firms — often beyond the scope of their insurance coverage. Firms must add their own language to engagement letters to limit liability, say Stuart Pattison and John Muller of Sompo International Holdings Ltd.

  • Series

    From Lawmaker To Lawyer: How Congress Affected My Career

    Yvonne B. Burke

    Being a former member of Congress put me in an advantageous position when I approached law firms in the late '70s, at a time when there were few female lawyers, and even fewer African-American lawyers, in major law firms, says former Rep. Yvonne B. Burke, D-Calif., a director of Amtrak.

  • Series

    From Lawmaker To Lawyer: DC Isn't As Bad As You Think

    Norm Coleman

    Popular culture paints the Hill as a place teeming with intrigue, corruption and malicious intent. But in Congress I learned important lessons about respecting people and the work they do, says former Sen. Norm Coleman, R-Minn., of Hogan Lovells.

  • Series

    From Lawmaker To Lawyer: 6 Things I Learned In Congress

    Charles Gonzalez

    I found that senior members of Congress didn’t have time to mentor younger members. Lawyers — though just as busy as members of Congress — cannot afford to follow this model, says former Rep. Charles Gonzalez, D-Texas, of Ogletree Deakins Nash Smoak & Stewart PC.

  • Are Punitive Damages Available In Tenn. Insurance Cases?

    Lang Wiseman

    In recent years, state and federal court rulings in Tennessee have been inconsistent about whether punitive damages are available to a policyholder in an insurance coverage case, due to differing interpretations of Tennessee's bad faith statute, says Lang Wiseman of Wiseman Bray PLLC.

  • 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.

    Kellie Combs

    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.