The Tenth Circuit on Tuesday upheld orders dismissing two lawsuits alleging that United Services Automobile Association and Progressive Insurance improperly deducted auto policyholders' medical benefits payments from their uninsured motorist coverage, agreeing with lower courts that the policyholders’ claims are barred by their prior settlements with the insurers.
Amazon isn’t on the hook for a defective laptop battery it sold that caused a home to burn down, a New Jersey federal court said Tuesday, finding the online marketplace behemoth is not a “product seller” as defined by the state’s Product Liability Act.
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.
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.
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.
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.
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.
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.
Long hours. Financial stress. Unpredictable clients. These lawyers say they've found their calling.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.