Esure Group PLC has received unsolicited takeover interest from Bain Capital Private Equity LP, with a potential proposal that would value the U.K.-based insurance company at 280 pence per share, or roughly £1.17 billion ($1.5 billion) in total, according to a Monday statement from Esure.
Three health insurers have urged a federal judge in Texas to reject a bid from national asbestos law firm Shrader & Associates LLP to toss the insurers' lawsuit alleging the firm failed to pay their due out of settlement funds, saying the firm was wrong to assert they lack standing to bring the suit.
A Minnesota federal judge on Friday ruled that the Catholic Mutual Relief Society of America can proceed with its lawsuit seeking to force Arrowood Indemnity Co. to pick up part of the tab for a slew of clergy sex abuse claims against the Diocese of St. Cloud, finding that the Catholic insurance group has standing to sue its fellow insurer.
Warner Media LLC urged a California federal judge to toss a suit over a program that requires HIV/AIDS patients to get their specialty medication only at a CVS pharmacy or by mail order, arguing that the patients couldn’t sue for a benefit — the choice of pharmacy — that was not provided in the company's health plan.
Insurer State Farm has sued Amazon and another company allegedly responsible for making a vape battery that caused a $400,000 fire in the house of one of its policyholders, according to a lawsuit removed to California federal court on Friday.
The dissolution of a five-year-old bar group marks the latest setback for disabled attorneys, who often find little support while navigating an inhospitable industry. This is the first article in a special report on disability inclusion in the legal industry.
In a series of interviews, lawyers tell Law360 how even well-intentioned professors can create barriers, how inclusivity can help a firm’s litigation prowess, and how “inspirational” can be a dirty word. This article is part of our special report on disability inclusion in the legal industry.
A trio of insurers urged the First Circuit on Friday to uphold a judgment that UBS AG units can’t tap $20 million in coverage for costs associated with claims that investors lost billions of dollars because UBS manipulated Puerto Rico's municipal debt bond market, saying the bank has impermissibly raised new arguments on appeal.
The last week has seen the Financial Conduct Authority take on a financial consulting firm, engineering company Doosan Babcock sue insurer Acasta, and a new action from private equity-linked firms that have already brought multiple actions worldwide after KPN Group acquired a Thai wind energy company. Here, Law360 looks at those and other new claims in the U.K.
Pfizer Inc. has credibly shown that Johnson & Johnson may have flouted antitrust laws by coercing health insurers into not covering biosimilar versions of biologic Remicade, a Pennsylvania federal judge said in a ruling released Friday.
Regence BlueShield and Cambia Health Solutions Inc. can't dodge a proposed class action accusing them of improperly denying health insurance claims for wilderness therapy, an immersive form of therapy used to treat emotional, mental and behavioral issues in young people, a Washington federal judge decided Thursday.
Allied World Specialty Insurance Co. sued rent-to-own chain Aaron’s Sale & Lease in Illinois federal court Friday, saying a former employee’s discrimination suit over a breast cancer-related disability cannot be covered because the notice came too late.
American Western Home Insurance Co. breached its duty to defend a carpentry subcontractor on a New York apartment complex in a construction defect action, so it must pick up the tab for half the costs another insurance company incurred defending and settling the suit on the subcontractor's behalf, a federal judge has ruled.
Phoenix Insurance Co. launched a federal lawsuit Friday in a bid to shield itself from a more than $10 million claim for allegedly faulty concrete at CSXI’s intermodal rail complex in Worcester, Massachusetts, saying its policy with a contractor involved carries exclusions for some damage or repairs.
A health management solutions company accused Atlantic Specialty Insurance Co. in Iowa federal court Friday of wrongly denying coverage for costs incurred from an Employee Retirement Income Security Act suit over a purchase by the company's employee stock ownership plan.
A subcontractor on a Washington, D.C., metro improvement project slapped a contract bond provider and an insurance company with a suit in Illinois federal court on Thursday, alleging it’s owed $2.1 million under a payment bond after a bankruptcy court ordered it to give the money back.
A proposed class of beneficiaries accusing UnitedHealth Group Inc. and two subsidiaries of having a policy that improperly denied claims for prosthetic devices in violation of federal benefits law asked a California federal judge to certify a class of nearly 1,900 members, arguing that they fulfilled the statutory requirements.
The Eleventh Circuit on Thursday ruled that Aspen Specialty Insurance Co. does not have to cover a Florida condominium group’s costs to defend a trademark infringement lawsuit filed by the owner of an Alaska hotel, agreeing with a lower court that a policy exclusion for intellectual property claims bars coverage.
Stiles Corp. has reportedly sold a Florida grocery-anchored mall for $17.88 million, Aetna is said to be taking roughly 100,000 square feet in New York, and NB Private Capital has reportedly bought a Chicago student housing property for $73.5 million.
Activist investor Carl Icahn on Thursday lobbed his latest attack against Cigna’s proposed $67 billion bid for Express Scripts, warning that burgeoning competitor Amazon and growing calls to end revenue-driving rebates could doom the “ridiculous” and “ill-conceived” deal.
As insureds and insurers continue to litigate over coverage for fraudulently induced monetary transfers, two recent decisions from the Second and Sixth Circuits have favored insureds. However, this sector of law is still developing and insureds should pay close attention to pending cases like Principle v. Ironshore in the Eleventh Circuit, say Jan Larson and Raymond Simmons of Jenner & Block LLP.
As a clerk for Justice Ruth Bader Ginsburg, my job was to mirror my boss’ views and values in everything I did. Years later, I find that I am still striving to live up to the values Justice Ginsburg instilled in me, as both a lawyer and a spouse, says Burden Walker, an assistant U.S. attorney for the District of Maryland.
If companies take the proper steps before and after being subjected to government investigations, their insurance policies may serve as a reliable hedge against the financial consequences. However, these policies have their limitations, say Annette Ebright and Daniel Peterson of Parker Poe Adams & Bernstein LLP.
Justice Ruth Bader Ginsburg is everything she is cracked up to be — feminist icon, brilliant jurist, fierce dissenter. She is also an incredible boss, mentor and friend. Her advice has shaped how I have tried to balance building a career and raising children, says Rachel Wainer Apter, counsel to the New Jersey attorney general.
If Jobs Act 3.0 is signed into law, it will reflect the GOP’s pivot away from the wholesale repeal of Dodd-Frank and its embrace of a piecemeal strategy to chip away at the 2010 law. Though capital formation is the headliner of Jobs Act 3.0, this bill does contain a few Dodd-Frank reform measures that have been overlooked in most news coverage but are worth highlighting, says Lai King Lam of McGuireWoods Consulting LLC.
Recent cases like Miami-Luken v. Navigators emphasize that losses must be accidental and fortuitous to be covered by insurance. Since most opioid lawsuits allege that defendants knowingly caused harm, companion insurance coverage suits will continue to raise issues such as prior knowledge and known loss, say Monica Sullivan and Jodi Green of Nicolaides Fink Thorpe Michaelides Sullivan LLP.
One of us was a clerk when Justice Ruth Bader Ginsburg read her Ledbetter dissent from the bench, inviting Congress to act, and the other clerked a few years later, when RBG's prominently displayed copy of the Lilly Ledbetter Fair Pay Act served as a daily reminder that dissents are not just for show, say Arun Subramanian and Mark Musico of Susman Godfrey LLP.
Although some employment practices liability and directors and officers liability insurers might not acknowledge it readily, California employers may be entitled to broad coverage for Private Attorneys General Act lawsuits — including a defense and indemnity for PAGA settlements and judgments, says Shaun Crosner of Pasich LLP.
As clerks for Justice Ruth Bader Ginsburg, we learned early on that, when preparing a memorandum or draft opinion, it was essential to present any opposing argument in its strongest possible light. There is a lesson here for today's public debates, says Trevor Morrison, dean of NYU Law School.
In cryptocurrency insurance, volatility disproportionately affects every stage of an insurance policy's life cycle from underwriting to adjustment of losses. This creates real challenges — especially when it comes to valuing losses, say Thomas Caswell and Dennis Anderson of Zelle LLP.