Insurance

  • February 5, 2018

    3 Questions About Self-Driving Car Liability

    A recent negligence suit against General Motors is the first of what lawyers have long said would be many suits stemming from accidents involving self-driving car technology, opening up a new frontier in assessing legal liability. Here, lawyers talk to Law360 about the challenges of discovering who is liable when a self-driving vehicle is involved in an accident.

  • February 2, 2018

    'Grand Theft Auto' Maker's Insurer Seeks Out Of Royalty Row

    Beazley Insurance Co. Inc. asked a New York court Friday to find that Take-Two Interactive Software Inc. is not entitled to coverage for a lawsuit brought by a former top-level video game producer who claims he was cheated out of profits made from the "Grand Theft Auto" franchise, saying the underlying action doesn't seek any covered damages.

  • February 2, 2018

    Duane Morris Adds 2 Partners To New Austin Office

    Two partners, one with experience in insurance mergers and the other in technology patent litigation, have joined Duane Morris in Austin, Texas, from Winstead and McKool Smith.

  • February 2, 2018

    Ore. Justices Give Insurer Win In Elderly Abuse Suit

    The Oregon Supreme Court has gutted an already weakened bad-faith suit against Bankers Life and Casualty Co. by finding that a state elder-abuse statute doesn’t apply to insurers, leaving only a few scattered breach-of-contract claims in what was once a fearsome proposed class action.

  • February 2, 2018

    Judge OKs $1M Deal In Zurich, Flooring Co. Coverage Row

    A Florida judge signed off Thursday on a $1 million deal to end a dispute over Zurich American’s attempt to dodge coverage of a now-bankrupt flooring business' $2.1 million class action judgment for sending unsolicited faxes.

  • February 2, 2018

    MetLife Seeks To Toss Claims It Overcharged Nonsmokers

    The Metropolitan Life Insurance Co. asked a New York federal judge Thursday to dismiss a proposed class action alleging the company purposefully charged nonsmoking policyholders smoker rates for life insurance premiums, saying the onus was on the plaintiffs to change their smoking status.

  • February 2, 2018

    Patriot National Workers File WARN Act Suit In Ch. 11 Case

    Former employees of bankrupt insurance services company Patriot National Inc. filed a putative class action in Delaware late Thursday alleging the firm laid off the majority of its 300 employees in November without providing proper notice under the Workers’ Adjustment and Retraining Notice Act.

  • February 2, 2018

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

    The last week has seen a distressed debt fund sue Hamilton Downing, an IT firm lodge a claim against Paysafe, and an insurance brokerage lodge a debt suit against an Africa-focused fixed income securities firm. Here, Law360 looks at those and other new claims in the U.K.

  • February 1, 2018

    UBS Loses Bid For $20M Coverage Of Debt Bond Suits

    A UBS AG unit cannot tap into $20 million in coverage to defray costs associated with claims that investors lost billions of dollars because UBS manipulated Puerto Rico's municipal debt bond market, a federal judge ruled Thursday, holding that an exclusion applies because the claims are highly similar to previously filed actions.

  • February 1, 2018

    Lloyd's Wins Dismissal Of $25M Pollution Coverage Suit

    Waste collector Republic Services cannot press its claim that Lloyd's of London underwriters breached a $25 million excess policy by failing to pay the company's costs in connection with pollution at a Missouri landfill, an Arizona state judge has ruled, saying the claim is premature because the underlying primary insurance hasn't been exhausted.

  • February 1, 2018

    Insurers Sue Pfizer To Avoid Covering $400M Settlement

    Three insurers hit Pfizer Inc. with a suit on Wednesday seeking to dodge coverage for a $400 million settlement the pharmaceutical giant reached over off-label drug marketing claims, telling a New York federal court several exclusions allow them to bar coverage.

  • February 1, 2018

    Patriot National Gets OK On $5M In Interim DIP Financing

    Bankrupt insurance services provider Patriot National Inc. received court approval Thursday in Delaware to tap into $5.5 million of post-petition lending on an interim basis to give it some financial stability as it pursues a debt-for-equity swap with secured lenders.

  • February 1, 2018

    Real Estate Rumors: Cai Kui, BNY Mellon, Blackstone

    The family office of Chinese investor Cai Kui is reportedly close to a deal to buy a hotel portfolio from MassMutual for as much as $800 million, Bank of New York Mellon will reportedly sublet its space at Brookfield Place in New York, and Blackstone is said to have picked up a three-building complex in California for $42 million.

  • February 1, 2018

    Zip Line Incident At Camp Not Covered, Insurer Tells 8th Circ.

    Great American Alliance Insurance Co. asked the Eighth Circuit on Wednesday to find it does not have to cover a 2014 zip line accident at a church camp at a Baptist conference center, saying the policy only provides coverage for the areas named in the lease signed by the camp organizer.

  • January 31, 2018

    Key Safety Pushes For Coverage Win At 6th Circ.

    Key Safety Systems Inc., the prospective purchaser of bankrupt Takata Corp.’s assets, on Wednesday pushed the Sixth Circuit for a win in its coverage dispute with an AIG unit, saying the insurer is clearly obligated to pay its post-judgment interest.

  • January 31, 2018

    Insurer On Hook For $8M After Jury's Bad Faith Verdict

    A Florida state jury has found bad faith in Mercury Insurance Co. of Florida's dealings in the settlement of a car crash-related claim against its policyholder, which allegedly exposed the policyholder to an $8 million judgment that the victim then turned around and pursued Mercury for.

  • January 31, 2018

    NJ Court Affirms Repeal Of 'Obsolete' Health Benefits Rule

    The New Jersey Appellate Division on Wednesday determined in a published decision that the expedited repeal of a small-employer health benefits rule constitutes a permissible action under state guidelines, backing a new requirement that insurance carriers must disclose their basis for determining allowable charges for out-of-network benefits.

  • January 31, 2018

    Swiss Insurer Wins $21M Tax Refund Suit Against IRS

    Swiss insurer Starr International Co. Inc. won a $21 million tax fight Wednesday when a District of Columbia federal court declined to extend the government's two-year statute of limitations to claim an erroneously issued tax refund. 

  • January 31, 2018

    Insurance Services Firm Patriot National Hits Ch. 11

    Insurance services company Patriot National Inc. on Tuesday filed for Chapter 11 protection in Delaware, blaming its financial woes on the loss of its biggest customer to receivership in Florida, with a strategy in hand to rework its balance sheet through a debt-for-equity swap with its lenders.

  • January 31, 2018

    Texas Court Revives Air Ambulance Co.'s Insurance Fee Fight

    A Texas appellate court on Wednesday reversed a trial court's ruling granting an early win to Texas Mutual Insurance Co. in a dispute over reimbursements with an air ambulance company, holding that the Airline Deregulation Act of 1978 preempts state laws governing the price an air carrier can charge.

Expert Analysis

  • Health Republic’s Curious Liquidation: Part 13

    James Veach

    A year and a half into Health Republic's liquidation, policyholders have yet to receive any money from approved claims. We will see what the Feb. 14 status conference reveals, and hopefully some of Health Republic's former policyholders will appear and participate, says James Veach of Mound Cotton Wollan & Greengrass LLP.

  • Taking And Defending Depositions You Can Actually Use

    Bethany Kristovich

    All too often, lawyers just think about “getting through” the deposition phase without fully taking advantage of the opportunity to develop their story. But following a few basic rules on the front end can help maximize the impact of a deposition at trial, say Bethany Kristovich and Jeremy Beecher of Munger Tolles & Olson LLP.

  • Indirect Purchaser Cases In 2017: Key District Court Rulings

    Chris Micheletti

    Over the last year, there were some interesting cases in the indirect purchaser class action arena, with district courts addressing pleading motions, class certification in “pay-for-delay” drug cases, and class certification of nationwide and multistate class claims based on California’s state antitrust law, say Chris Micheletti and Christina Tabacco of Zelle LLP.

  • Employers Must Note Major Tax Law Changes For 2018

    Peter Salomon

    The recently signed tax reform law will affect nearly every aspect of the American economy, and includes several changes to employee benefits and compensation arrangements. Employers must thoroughly review the law's updates to the tax treatment of stock options, compensation of top executives, retirement plan loans, IRA conversions and other activities, say attorneys with Akerman LLP.

  • Major Illinois Insurance Coverage Decisions From 2017

    Jonathan Schwartz

    Several significant decisions in 2017 by the Illinois Appellate Court and one federal district court should prove influential in shaping Illinois coverage jurisprudence, and set the stage for the state's Supreme Court to render key decisions in 2018 if it so chooses, say Jonathan Schwartz and Colin Willmott of Goldberg Segalla LLP.

  • Litigation Finance Trends To Watch In 2018

    Jay Greenberg

    Jay Greenberg and Max Volsky, co-founders of litigation finance platform LexShares Inc., analyze emerging trends based on conversations with their investors and executives in this rapidly evolving sector.

  • 5 Health Care Policy Issues To Follow In 2018

    Pari Mody

    As the 115th Congress enters its second session, it's expected that health care policy will remain at the forefront. Pari Mody and Kristine Blackwood of Arnold & Porter Kaye Scholer LLP discuss the top five health care policy issues to track this year.

  • The Enneagram And The Practice Of Law

    Jennifer Gibbs

    Study of the Enneagram personality typing system can provide attorneys with better insights into themselves, and into those they interact with professionally, including clients, opposing counsel and judges, says Jennifer Gibbs of Zelle LLP.

  • Series

    Judging A Book: Tymkovich Reviews 'Gorsuch'

    Timothy Tymkovich

    John Greenya’s new book, “Gorsuch: The Judge Who Speaks for Himself,” offers readers something the confirmation hearings did not — the backstory of Neil Gorsuch and a glimpse of who Justice Gorsuch is, says Chief Judge Timothy Tymkovich of the Tenth Circuit.

  • Congressional Forecast: January

    Richard Hertling

    After passage of tax reform legislation, the GOP passed another temporary funding bill to avert a government shutdown before the holidays. As a result, congressional leaders again put off a resolution of a major fiscal debate over the budget, along with partisan disputes over immigration, health care and national security, say Richard Hertling and Kaitlyn McClure of Covington & Burling LLP.