Insurance

  • May 8, 2018

    Valeant To Pay Calif. Insurance Dept. $1.9M Over Philidor Ties

    Valeant Pharmaceuticals Inc. has agreed to pay $1.87 million to the California Department of Insurance to settle allegations it didn’t prevent specialty pharmacy Philidor Rx Services LLC from submitting fraudulent claims for reimbursements of Valeant products, the agency’s commissioner announced Monday, building on a multiyear controversy over the companies' relationship.

  • May 8, 2018

    Zurich's Suit Over Asbestos Deal Coverage Reopened

    A Missouri federal judge on Tuesday retracted an order releasing Insurance Co. of North America from a suit brought by Zurich American Insurance Co. over coverage for a $1.5 million mesothelioma settlement with Anheuser-Busch, saying new Missouri case law demands a switch in the legal standard applied to the case.

  • May 8, 2018

    Landlord Says Insurer Must Cover Suits Over Stabbings

    An insurer’s claim that its policy with a Houston apartment building owner doesn’t cover damages resulting from litigation filed by the families of two men a building security guard stabbed to death is based on extrinsic evidence and only partial facts, the building’s owners are arguing in Texas federal court. 

  • May 8, 2018

    Infinity Investors Challenge $1.3B Acquisition By Kemper

    A proposed class of investors on Monday hit auto insurer Infinity Property and Casualty Corp. and its board of directors in Ohio federal court with a suit accusing them of omitting financial projections from a U.S. Securities and Exchange Commission filing relating to a proposed merger with Chicago-based Kemper Corp.

  • May 8, 2018

    Construction Law: To Specialize Or Not To Specialize

    Whether they’re committed to construction law or also engaged in other practice areas, lawyers will go to the mat for the relative merits of their chosen path, but the key to a healthy construction practice likely comes from a willingness to admit one’s weaknesses and seek help from others in times of need.

  • May 7, 2018

    Securities Suit Against Insurer Should Be Axed, Judge Says

    A Texas magistrate judge recommended Monday that a class action alleging that whole-life insurance seller Citizens Inc. artificially propped up its stock price through fraudulent sales practices be dismissed with prejudice, saying the plaintiffs cannot meet the high bar for pleading scienter.

  • May 7, 2018

    Scrapped Big Rig Sends Accident Injury Suit To The Junk Yard

    A Tennessee appeals court on Monday tossed a suit blaming a transportation company’s faulty trailer axle for causing a trucker’s wife’s severe and permanent injuries, saying because the trucker’s insurance company took possession of the vehicle and scrapped it, the transportation company was deprived of a key piece of evidence.

  • May 7, 2018

    3 Construction Cases To Watch

    In the burgeoning U.S. construction market, companies appear to be more focused on making deals and stacking steel than duking it out in court, but there are still several lawsuits worth paying attention to, attorneys say. Here, Law360 takes a look at three cases attorneys have their eyes on.

  • May 7, 2018

    White House Argues To Rescind Some Health Care Spending

    President Donald Trump intends to send more than $15 billion in spending cuts to Congress this week, the White House said Monday, pulling back on already authorized spending in health care, technology research and other areas.

  • May 7, 2018

    Travelers Needn't Cover Diving Death Suit, 11th Circ. Says

    The Eleventh Circuit on Monday affirmed that Travelers does not have to cover any of a professional dive leader’s costs to defend and settle a wrongful death action filed by the family of a man who drowned on a lobster diving trip, holding an exclusion in the insurer’s policy clearly bars coverage.

  • May 7, 2018

    Deals Rumor Mill: Comcast, AIG, NASCAR

    Comcast alerted the European Union's antitrust watchdog of its bid to buy Sky PLC, Carl Icahn sold his stake in insurance giant AIG, and NASCAR's majority owners are sussing out alternatives for the racing giant.

  • May 7, 2018

    No $49M Sandy Coverage For Chocolatier, 2nd Circ. Hears

    A Chubb Ltd. unit on Friday urged the Second Circuit to reject Madelaine Chocolate Novelties Inc.’s claim for $49 million in coverage for flooding caused by Superstorm Sandy, saying the company can’t use a wind damage deductibles clause to override a flood damage exclusion.

  • May 7, 2018

    Regulator Fines Chubb $1.3M Over NRA-Branded Insurance

    New York's top financial regulator on Monday said that Chubb Ltd. has agreed to pay a $1.3 million fine for underwriting policies for a National Rifle Association-branded insurance program called "Carry Guard" in violation of state law.

  • May 7, 2018

    Insurer Needn't Cover Ride Injury, 11th Circ. Affirms

    The Eleventh Circuit on Monday found that a Zurich Insurance Group AG unit does not owe an event planner coverage over an injury on an amusement ride that the event planner hadn't yet added to its policy.

  • May 7, 2018

    Liberty Unit Won't Cover Contractor In Library Build Dispute

    A Liberty Mutual insurance unit on Monday launched a lawsuit in Texas federal court against a contractor for a municipal library construction project, saying it should not be required to pay up after the construction firm lost an arbitration proceeding over allegedly subpar work.

  • May 7, 2018

    Gibson Dunn Hires Real Estate Finance Pro From Dechert

    Gibson Dunn & Crutcher LLP announced Friday it has hired a real estate finance partner from Dechert LLP who has represented lenders, including banks and insurance companies, in various phases of loans secured by commercial real estate.

  • May 4, 2018

    Law360 Reveals Titans Of The Plaintiffs Bar

    They’ve gone up against big-name companies while advocating for plaintiffs ranging from grieving family members to shareholders and consumers in some of the biggest and most well-known cases of the past year.

  • May 4, 2018

    Insurer Asks 4th Circ. To Nix $87M Heparin Coverage Ruling

    Travelers Property Casualty Co. and American Capital Ltd. are squaring off in the Fourth Circuit after a lower court ruled the insurer must pay $87 million to defend against tainted blood thinner lawsuits, with Travelers arguing the whole episode was never covered and American Capital seeking bad faith damages.

  • May 4, 2018

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

    The last week has seen a commercial fraud claim against asset manager Shire Warwick Lewis, Italian insurers sue a shipper, and Denmark's tax authority take action against ED&F Man Capital Markets and more than five dozen other firms. Here, Law360 looks at those and other new claims in the U.K.

  • May 4, 2018

    5 Firms To Steer IPOs Exceeding $3.9B, Led By Axa Unit

    Five firms will guide initial public offerings projected to surpass $3.9 billion during the week of May 7, led by Axa Equitable Holdings Inc., the U.S. division of French insurance and asset management firm Axa SA, which could price the biggest U.S. IPO since 2014.

Expert Analysis

  • Opinion

    Gorsuch's 1st Year Shows He Is A Conservative Activist

    Elliot Mincberg

    In his first year on the U.S. Supreme Court, Justice Neil Gorsuch has proven to be a narrow-minded elitist who consistently votes in favor of corporations and the powerful, acting to roll back protections for workers, consumers, LGBTQ individuals and other marginalized communities, says Elliot Mincberg of People for the American Way.

  • Why Texas Contractors Should Watch Lon Smith V. Key

    Brett Wallingford

    Many Texas contractors offer to handle insurance claims for their homeowner customers, but the Texas Supreme Court is currently considering whether to hear an appeal of a case that could deem such actions illegal, rendering their contracts void and unenforceable, says Brett Wallingford of Zelle LLP.

  • Anatomy Of An FLSA Collective Action Conditional Cert.

    Frederick Warren

    A New York federal court recently granted a conditional certification of the Fair Labor Standards Act collective action claims in Julian v. Metropolitan Life Insurance. The case is being litigated hard and well by experienced FLSA counsel on both sides. As such, it is a useful vehicle to analyze cases of this nature and some of the issues that arise, says Frederick Warren of FordHarrison LLP.

  • Finance-Savvy Millennials Are Shifting Business Of Law

    Michael Perlich

    The impact of millennials has already been felt within the legal community by our eagerness to embrace new technologies. One way that we will have potentially even more impact lies in our willingness to embrace new ways of developing business and financing law, says Michael Perich of Burford Capital LLC.

  • Assessing Business Auto Coverage For Autonomous Vehicles

    Katherine Henry

    Courts have not yet determined whether business auto coverage extends to accidents involving autonomous vehicles. Much depends on whether or not an autonomous vehicle can qualify as an "auto," despite potentially lacking key components like steering wheels and turn signals, say Katherine Henry and Brendan Hogan of Bradley Arant Boult Cummings LLP.

  • Opinion

    Attorney-Client Privilege Is Alive And Well

    Genie Harrison

    The FBI raid of the office of President Donald Trump’s personal lawyer set off a firestorm of controversy about the sanctity of the attorney-client privilege, epitomized by Trump's tweet that the "privilege is dead." But attorney-client privilege is never taken lightly — I have battle scars from the times I have sought crime-fraud exceptions, says Genie Harrison of the Genie Harrison Law Firm.

  • Roundup

    Dissolving Practice

    Dissolving Practice

    In this series, experts discuss the unique aspects of closing a law firm, and some common symptoms of dysfunctionality in a firm that can be repaired before it's too late.

  • Series

    Dissolving Practice: How To Fix A Dysfunctional Law Firm

    Larry Richard

    I am often asked, “When there are one or more partner departures, what can a firm do to prevent this from escalating to a catastrophic level?” The short answer is “nothing.” Law firms need to adopt culture-strengthening lifestyles to prevent defections from occurring in the first place, says Larry Richard of LawyerBrain LLC.

  • Who's Liable For A Crash When It's The Car Driving?

    Jim Jordan

    In a fully autonomous vehicle, a passenger's reaction to a traffic emergency is as irrelevant as her ethical calculations about potential injuries to herself and others. But if she agreed in advance to the safety protocols in the vehicle's programming, could she share liability in an accident? No one knows the answer yet, says Jim Jordan of Munsch Hardt Kopf & Harr PC.

  • Insurers Cannot Rely On 'Absurd' Exclusion Applications

    Karthik Reddy

    An Indiana district court's recent decision in Emmis v. Illinois National illustrates the absurdity of broadly construing interrelated wrongful acts exclusions and reminds policyholders that they need not accept an insurer's broad application of policy exclusions that would result in nonsensical coverage determinations, say Karthik Reddy and Matthew Jacobs of Jenner & Block LLP.