Insurance

  • February 9, 2018

    Apple, Cisco Venture Could Fuel Cyberinsurance Market Surge

    Apple and Cisco recently announced they are teaming with two insurers to offer discounted cyberinsurance policies for companies that use the tech giants' products to help guard against digital threats, a partnership that experts say could spur the sale of cyber coverage among reluctant businesses scared off by high premiums and daunting deductibles.

  • February 9, 2018

    7th Circ. Says Appeal Of Undefined Attys' Fees Premature

    Jackson National Life Insurance Co. can't appeal a ruling that it must pay attorneys' fees to a customer in a death benefit dispute until the lower court says how much the company owes, the Seventh Circuit said Friday in tossing the case.

  • February 9, 2018

    State Farm Must Face RICO Claims Over Campaign Funding

    An Illinois federal judge has refused to drop a class action alleging State Farm secretly funneled millions to a judge’s election campaign with hopes that he’d overturn a state court’s $1.05 billion judgment against it, rejecting the insurer’s argument that the racketeering claims are an attempt to relitigate the state court case.

  • February 9, 2018

    Kindred Shareholders Sue Over $4.1B Deal's Missing Info

    A putative class of Kindred Healthcare Inc. shareholders launched a lawsuit in Delaware federal court Thursday over its $4.1 billion acquisition by Humana and two private equity firms, alleging that the company filed an incomplete proxy statement that does not allow them to assess the fairness of the deal.

  • February 9, 2018

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

    The last week has seen another contract suit against Hilton Worldwide and BayernLB, a New York investment manager lodge a professional negligence claim against RSM Corporate Finance, and an insurance brokerage sue Barclays. Here, Law360 looks at those and other new claims in the U.K.

  • February 8, 2018

    Maritime Co. Loses Bid For $2.5M Antitrust Case Coverage

    An AIG unit does not have to pay the $2.5 million Crowley Maritime Corp. spent defending an executive from antitrust allegations, a Florida federal court said Thursday, finding Crowley is stuck in a legal “Catch-22” that leaves it unable to use new information to unlock previously denied coverage.

  • February 8, 2018

    Ex-Shields Pharmacy Exec Asks 1st Circ. To Allow FCA Claim

    Counsel for a fired pharmacy executive argued before the First Circuit on Thursday that health care providers that establish contracts through anti-competitive practices should be held liable for false claims charged to government insurance programs under those agreements.

  • February 8, 2018

    Claims Handler Must Face Suit Over $7.2M Asbestos Verdict

    In a judgment made public Tuesday, a New York state judge denied a motion by a claims management company indirectly owned by Warren Buffett’s Berkshire Hathaway Inc. to escape a suit claiming it blocked some of the payout on a $7.2 mesothelioma verdict claim, saying the plaintiff had made a sufficient case to go forward.

  • February 8, 2018

    Special Master Tapped For $38M Anthem Atty Fee Fight

    A former California judge was tapped as a special master Thursday to scrutinize $37.95 million in fees requested by 53 law firms in the Anthem Inc. data breach litigation, following worries that the many billers and their requested rates signal waste and padding.

  • February 8, 2018

    OneTitle CEO Warns Regulatory Change 'Leaves No Flexibility'

    A new regulation that bans New York title insurance companies from offering inducements to potential clients will fundamentally change the landscape for an industry long accustomed to the practice, OneTitle National Guaranty Co. Inc. CEO Daniel Price told Law360 in a recent interview.

  • February 8, 2018

    Top EU Court Clears Way To Block Dual Lloyd's Contract Bids

    European nations can bar Lloyd’s of London syndicates from bidding for public sector contracts if “unambiguous evidence” shows they failed to write up their tenders independently, the European Union's highest court said Thursday.

  • February 7, 2018

    1st Circ. Weighs Insuring Cosby Statements Against Accusers

    First Circuit judges in Boston on Wednesday considered whether an AIG insurer should have to help Bill Cosby fight lawsuits from women who say he defamed them after they accused him of sexual abuse.

  • February 7, 2018

    Judge Caps Escobar FCA Claims, Tells Attys 'Get On With It'

    A federal judge in Boston on Wednesday trimmed a False Claims Act lawsuit against Universal Health Services Inc. and ordered "full steam ahead" on the case that was bogged down in appellate disputes for years.

  • February 7, 2018

    Lawsuit Over $42M In Loans Could Kill $889M Greek Deal

    American billionaire John P. Calamos Sr. has hit a Dutch investment shop he reportedly co-founded with an Illinois state court suit seeking “immediate repayment” of $42 million in loans, potentially upending an $889 million deal between the onetime partners to purchase a Greek insurance company.

  • February 7, 2018

    Uber Deal Over Workers' Comp Class Action Hits Speed Bump

    A California judge on Wednesday refused to preliminarily approve Uber's settlement that would provide drivers with occupational accident insurance in exchange for ending putative class claims that the ride-hailing company improperly denied them workers’ compensation, saying the contract terms between the drivers and the insurance company are unclear.

  • February 7, 2018

    Deals Rumor Mill: Wyndham, Goldman Sachs, Ping An

    Wyndham is mulling a deal with Platinum Equity Partners, Goldman Sachs is close to a deal to buy personal finance startup Clarity Money, and Ping An’s venture capital arm wants to raise up to $1.3 billion with two funds.

  • February 7, 2018

    Aetna Sues, Settlement Admin Counters In HIV Privacy Case

    Aetna and its settlement administrator hit each other with separate lawsuits in Pennsylvania and California federal courts, respectively, this week, demanding that the other take responsibility for mishandling policyholders' sensitive data in underlying litigation stemming from a settlement involving HIV medications.

  • February 7, 2018

    Language Key In Builder's Coverage Fight At NY High Court

    A Bellevue Hospital building’s construction manager urged New York’s high court on Wednesday to ax a ruling that it’s not covered under a contractor’s policy with a Liberty Mutual unit for an underlying lawsuit over issues with the project, blaming the coverage denial on what it deemed poor grammar in a key policy provision.

  • February 7, 2018

    Ex-State Street Exec Faces New Charge Of Bilking Insurer

    Prosecutors on Wednesday added to a charge in a case against a former executive at State Street Corp., saying he duped a U.S. insurer into paying a hidden commission on fixed income trades just as he had overseas clients.

  • February 7, 2018

    School Snags Win Against Insurer Over $10M Policy Trigger

    The Anchorage School District has scored a quick win against Starr Indemnity and Liability Co. that will unlock $10 million in excess coverage, after an Alaska federal court ruled Wednesday that another insurer’s direct payout to an injured student was enough to activate the Starr policy.

Expert Analysis

  • Insurers' Broad Duty To Defend Employment Claims In Calif.

    Cheryl Sabnis

    The Ninth Circuit recently issued a long-awaited ruling in PHP Insurance Service v. Greenwich Insurance, bringing with it a helpful reminder to holders of employment practices liability insurance policies not to shy away from tendering employment claims to their insurers, says Cheryl Sabnis of King & Spalding LLP.

  • Coverage For Montecito Claims: Flood Or Fire?

    Meka Moore

    The destruction caused in Montecito and other areas of Southern California earlier this year appears to have been caused by flood, mudslide and mudflow, which are excluded under most property insurance policies. However, there is potential for homeowners to assert that the damage was actually caused by the Thomas fire, say Meka Moore and Jennifer Revitz of Selman Breitman LLP.

  • The Social Cost Of Carbon And Its Impact On Enviro Law

    John Lee

    The social cost of carbon is an important but little-known number underlying many environmental regulations. Though it is not widely discussed, it is important to understand for three primary reasons, says John Lee of Goldberg Segalla.

  • State Of The Aircraft Finance Debt Market

    Ronald Scheinberg

    The improving financial position of airlines and operating lessors, coupled with increased competition for deals, has put pressure on private-sector lenders. One would expect this state of “borrower power” to continue during the current economic cycle, says Ronald Scheinberg of Vedder Price PC.

  • Recent Illinois Verdicts Reinforce Potency Of Remittitur

    Agelo Reppas

    As tort defendants and their insurers continue to face enormous exposure in catastrophic personal injury cases, they are recognizing that post-trial proceedings are critical to the success of any future appeal, as they represent a defendant’s lone opportunity to challenge a verdict as excessive in the court in which it was rendered, says Agelo Reppas of BatesCarey LLP.

  • Feature

    From Law Firm To Newsroom: An Interview With Bob Woodruff

    Randy Maniloff

    Lawyers who have left the traditional practice for perceived greener pastures are many. But the circumstances surrounding broadcast journalist Bob Woodruff’s departure are unique. Like none I’ve ever heard, says Randy Maniloff of White and Williams LLP.

  • Insurance Bad Faith Claims In The Age Of AI Jim

    Dennis Anderson

    The rise of insurtech, with its heavy use of algorithms in the claims-handling process, is raising questions about how traditional insurance law applies to new situations, like how to determine when a bot denies coverage in bad faith, says Dennis Anderson of Zelle LLP.

  • Series

    Judging A Book: Kendall Reviews 'On The Jury Trial'

    Judge Virginia Kendall

    As someone who spent half her days last year on the bench presiding over trials, I often find the alarmist calls to revamp the jury trial system a tad puzzling — why is making trial lawyers better rarely discussed? Then along comes a refreshing little manual called "On the Jury Trial: Principles and Practices for Effective Advocacy," by Thomas Melsheimer and Judge Craig Smith, says U.S. District Judge Virginia Kendall of the Northe... (continued)

  • Do I Need New Trial Counsel? 9 Questions To Ask

    Russell Hayman

    Initial selection of defense counsel is usually made at the outset of litigation, long before it is known whether the case may actually proceed to trial. Attorneys with McDermott Will & Emery discuss questions in-house lawyers should consider when deciding whether their litigation counsel should remain lead trial counsel in a case proceeding to trial.

  • Fixing Problems In The Texas Insurance Appraisal Process

    Steven Badger

    In recent years, use of the insurance appraisal process in Texas has grown exponentially. Gone are the days where three reputable and smart insurance professionals would get in a room and work cooperatively to fairly resolve a disputed claim. Instead, appraisal has become a tactical game, and abuses of the process are widespread, says Steven Badger of Zelle LLP.