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Insurance

  • 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.

  • May 4, 2018

    Excess Insurer Prevails In Fight Over $2.3M Crash Judgment

    Excess insurer Landmark American Insurance Co. is not liable for any part of a $2.3 million judgment against Deerfield Construction Inc. in a lawsuit alleging the builder's employee caused a crash that injured another driver, an Illinois federal judge ruled Thursday, finding that Deerfield failed to provide prompt notice of the claim to Landmark.

  • May 4, 2018

    Last Insurer Settles With Mylan In $67M Antitrust Appeal

    Mylan Pharmaceuticals Inc. and a pair of chemical companies on Thursday settled with a Blue Cross Blue Shield affiliate, coming closer to ending their appeal of a $67 million verdict that found they fixed the price of anti-anxiety medications.

  • May 4, 2018

    Another Ex-State Street VP Charged With Bilking Insurer

    A former vice president for State Street Corp. was arrested Friday and charged in Massachusetts federal court with conspiring with another, already indicted former company executive to secretly pump up commissions, defrauding an insurance company out of $800,000.

  • May 4, 2018

    Insurer's Win In Building Injury Suit Upheld By NY Court

    An insurer is off the hook for charges that it unfairly dragged out its denial of coverage to a general contractor facing a workplace injury suit, after a New York appeals court affirmed that a federal law preempts the state law on which the claims hinged.

  • May 4, 2018

    Citing Climate Initiatives, Allianz To Halt Coal-Only Cover

    Allianz SE will immediately cease selling cover to power plants fired only by coal and coal mines, and plans to withdraw completely from insuring coal-based businesses by 2040, Europe’s largest insurer said Friday, as part of its effort to meet the demands of the Paris climate accord.

  • May 3, 2018

    No Defense Owed To Lawyer In Malpractice Row, Insurer Says

    Allied World Surplus Lines Insurance Co. on Thursday asked an Illinois federal judge to declare it has no duty to defend a lawyer and his firm in an underlying state court suit accusing the lawyer of malpractice over arbitration work he performed for a restaurateur client.

  • May 3, 2018

    Deals Rumor Mill: BP, Vodafone, SoftBank

    BP is mulling a deal to buy some energy assets from BHP Billiton, Vodafone is close to inking a deal to acquire continental European assets from Liberty Global, and SoftBank's talks to buy a stake in reinsurer Swiss Re have reached an impasse.

  • May 3, 2018

    Allstate Adjusters' $5.5M Deal To End 10-Year Wage Row OK'd

    A California judge on Thursday granted preliminary approval to Allstate's agreement to pay $5.5 million to end a decadelong class action alleging the company made insurance adjusters do off-the-clock work and gave them inaccurate pay stubs, telling attorneys for the two sides they did a "fabulous job" to reach the settlement.

  • May 3, 2018

    Gordon & Rees Adds 11-Atty Medicare Compliance Team

    Gordon & Rees LLP has added an 11-attorney Medicare compliance practice group to its Pittsburgh offices, with all the members hailing from Burns White, the firm announced this week.

  • May 3, 2018

    ACA Pay Rule Concerns Unfounded, Physicians Group Told

    The U.S. departments of Health and Human Services, Labor and the Treasury told a group of emergency physicians on Thursday that they would not modify a 2015 rule in response to the group's concerns that it gave insurers wiggle room to underpay out-of-network hospitals for emergency services.

  • May 3, 2018

    6th Circ. Says Biker Owed Benefits For Span Of Disability

    A Sixth Circuit panel on Thursday reversed a lower court’s finding that a man who injured his leg in a motorcycle accident wasn’t entitled to disability benefits after a 34-month period following the accident, saying American United Life Insurance Co. must pay out as long as he can prove he's still disabled.

  • May 3, 2018

    Contractor Dodges $17M Verdict Over Worker's Death

    A Texas appeals court on Thursday struck down a $17 million award in favor of the family of a steel worker who drowned while working on a bridge project associated with Baylor University’s football stadium, saying the project’s contractor is protected from the lawsuit by an insurance program established by the school.

Expert Analysis

  • 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.

  • Series

    Dissolving Practice: Partner Agreement Clauses That Can Help

    ​​​​​Leslie Corwin

    Given the competing public policies of protecting clients’ right to counsel of their choice, lawyer mobility, and the fiduciary duty partners owe to a dissolved firm, it behooves law firms to carefully review their partnership agreements to make sure they adequately spell out what happens in the unfortunate event that the law firm chooses to wind down, say ​​​​​Leslie Corwin and Rachel Sims of Blank Rome LLP.

  • Series

    Dissolving Practice: The Unfinished Business Doctrine

    Thomas Rutledge

    There has been, of late, significant dispute as to the application of the unfinished business doctrine, particularly with respect to hourly rate matters of now-dissolved large law firms. And the California Supreme Court’s recent decision in Heller Ehrman, like others as to similar points, is highly questionable, says Thomas Rutledge of Stoll Keenon Ogden PLLC.

  • What To Do After A Product Recall

    Derin Kiykioglu

    If a company facing a product recall has managed it effectively, the hardest part is probably over. But there are four key strategies companies should keep in mind to restore order and maintain brand loyalty following a recall, say Derin Kiykioglu and Jonathan Judge of Schiff Hardin LLP.

  • Should We Trust The Fiduciary Rule Is Gone?

    Robert Stone

    The U.S. Department of Labor's fiduciary rule has been challenged in court by various organizations on grounds that the agency exceeded its authority in promulgating it. Those challenges culminated in a recent decision by the Fifth Circuit to vacate the rule in U.S. Chamber of Commerce v. DOL, say Robert Stone and Shannon Smith of Katten Muchin Rosenman LLP.

  • What To Do During A Product Recall

    Derin Kiykioglu

    Maintaining consumer trust during a recall is key. When a company is transparent, consistent and responsive, it may maintain — and potentially surpass — prior levels of consumer satisfaction, say Derin Kiykioglu and Jonathan Judge of Schiff Hardin LLP.

  • What To Do Before A Product Recall

    Derin Kiykioglu

    Any company — no matter how well-run — may experience a consumer product recall. Managing recall risk is as much about being ready to respond to recalls properly as it is about preventing them, say Derin Kiykioglu and Jonathan Judge of Schiff Hardin LLP.

  • How Policyholders Can Prepare For 2018's Hurricane Season

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    While many policyholders are still fighting insurance carriers to recover on Hurricane Harvey claims, it is important for policyholders to prepare for the next season of storms by reviewing their coverage and understanding the difference between “dwelling,” “contents,” “other structures,” and alternative living expenses, says Angelina Wike of Merlin Law Group PA.

  • Another Dismissal Of TCPA Claims Involving Nonprofits

    Eric Berman

    In Reese v. Anthem, a Louisiana federal court recently dismissed a putative class action alleging violations of the Telephone Consumer Protection Act. The decision is worth noting because the court’s analysis provides some useful judicial gloss on the issues of TCPA consent and the distinction between commercial and informational communications, says Eric Berman of Venable LLP.

  • 4 Key Questions For Insurers Evaluating ERISA Revisions

    Caitlin Strauss

    The U.S. Department of Labor's revisions to its Employee Retirement Income Security Act raise questions about how courts will interpret them. Insurers looking for clues as to how the plaintiffs' bar will used the regulations moving forward should look to the comments submitted by the bar, say Caitlin Strauss and Albert Moran of Saul Ewing Arnstein & Lehr LLP.