Insurance

  • January 22, 2018

    Real Estate Rumors: Codina, Prudential Insurance, MCZ

    Codina Partners has reportedly picked up 17 acres in Florida for $9.9 million, Prudential Insurance's real estate division is said to have sold a Florida business park for $22.8 million, and a venture that includes MCZ Development is said to have picked up a property in Chicago for $15.25 million.

  • January 22, 2018

    Insurer Needn't Cover Bakery's Auto Accident: 2nd Circ.

    The Second Circuit on Monday found Citizens Insurance does not have to cover a New York bakery for a van crash, saying the company did not have to send the bakery a special notice for a loss not covered by its policy.

  • January 22, 2018

    Insurance Group Of The Year: Hogan Lovells

    Hogan Lovells' insurance group scored a win for Blue Cross Blue Shield in antitrust multidistrict litigation and settled a groundbreaking data breach suit against health insurer Anthem Inc., cases that helped it earn a place as one of Law360's 2017 Insurance Practice Groups of the Year.

  • January 22, 2018

    Ace Ducks Nasdaq Coverage In $26M Facebook IPO Suit

    Ace American Insurance Co. does not have to pay into a $26.5 million settlement reached between its insured Nasdaq and scores of retail investors who sued the exchange over Facebook’s bungled initial public offering, the Second Circuit said Monday, ruling an exclusion applies because the investors are “customers.”

  • January 22, 2018

    Anthem Can't Escape Suit Over Prosthetic Coverage

    A California federal judge refused Friday to toss a proposed class action alleging Anthem Inc. and its subsidiary wrongfully denied coverage for lower limb prostheses, finding that Anthem "had a hand" in developing the insurance policy’s guidelines, and that's enough to keep it in the suit.

  • January 22, 2018

    Citibank, Others Dodge Claims In Reinsurance Kickback Suit

    A Pennsylvania federal judge on Friday tossed a proposed class alleging Citibank NA schemed with private mortgage insurers in a kickback arrangement to push fraudulent reinsurance on home mortgages, finding the facts matched up with a Third Circuit ruling in which the appeals court said a homeowner was too late in bringing claims.

  • January 22, 2018

    Debevoise Guides AIG’s $5.56B Deal For Validus

    AIG said Monday it will pay $5.56 billion to acquire Bermuda-headquartered insurer and asset manager Validus Holdings Ltd. as the insurance giant looks to expand after shedding its status as a systemically important financial institution.

  • January 21, 2018

    Immigration Standoff Keeps Government Shuttered

    The Senate failed to reach a funding deal Sunday night, extending the government shutdown as both parties continued to clash over longstanding spending and immigration issues. 

  • January 19, 2018

    NY Judge Reverses Standing Ax In Excellus Breach Row

    The New York federal judge overseeing consolidated actions over a 2015 data breach at Excellus BlueCross BlueShield on Friday reinstated claims brought by customers who claimed their data had been exposed but not misused, reversing her earlier decision that these plaintiffs hadn't alleged an injury sufficient to establish Article III standing. 

  • January 19, 2018

    Lloyd's, SFA End $64M Dickstein Malpractice Coverage Row

    The Ninth Circuit on Tuesday dismissed a dispute between Lloyd's of London and SFA Group over responsibility for a $64 million malpractice judgment against a former Dickstein Shapiro lawyer, at the request of both parties.

  • January 19, 2018

    Hanover Off Hook For Costs In Dershowitz Defamation Suit

    Privilege Underwriters Reciprocal Exchange can’t force Hanover Insurance Group to cover its costs after both insurers paid to settle a lurid defamation suit against famed lawyer Alan Dershowitz involving claims of child sex slavery, a Florida federal court ruled Friday.

  • January 19, 2018

    MetLife Deal Could Imperil Future SIFI Designations

    Future financial regulators will have a more difficult time targeting nonbank financial firms for extra regulation after the Trump administration on Thursday agreed to include cost-benefit and other analyses in future designations of systemically important financial institutions, experts said.

  • January 19, 2018

    Liquidation Can't Be Reopened For Old Claim, NJ Panel Says

    The New Jersey Appellate Division on Friday affirmed a lower court’s finding that a Michigan state road agency can’t reopen a Garden State insurer’s decades-old liquidation case in order to recoup payouts from car crash claims, ruling that the insolvency was properly finalized.

  • January 19, 2018

    Insurance Group Of The Year: Debevoise & Plimpton

    Debevoise & Plimpton LLP had another year cranking out big M&A deals within the insurance sector and continuing its litigation work in suits like an investor class action against MetLife, making it a Law360 Insurance Practice Group of the Year.

  • January 19, 2018

    Fla. Panel OKs Bad Faith Claim Before Insurer's Appraisal

    A Florida appeals court on Friday declined to reconsider its reversal of a lower court decision that a State Farm policyholder filed his sinkhole damage suit too soon, finding there is nothing in the law saying he had to wait for State Farm’s appraisal.

  • January 19, 2018

    Insurer Needn't Cover Vandalism By Ex-Tenant, Court Says

    A New York federal judge on Thursday found Aspen American Insurance Co. does not have to cover vandalism to a New York restaurant by an evicted sublessee, saying that a policy exclusion for damage by people with access to the property applied.

  • January 19, 2018

    9th Circ. Asks Calif. Court About Insurance Interest Disclosure

    The Ninth Circuit on Thursday asked the California Supreme Court to weigh in on whether Northwestern Mutual Life Insurance Co. and other insurers are exempt from disclosing compound interest charges on policy loans.

  • January 19, 2018

    Lincoln Financial Drops $3.3B On Liberty Life Assurance

    Insurance and investments firm Lincoln Financial Group said Friday it has acquired Boston-based Liberty Life Assurance Co. from Liberty Mutual Insurance Group for $3.3 billion.

  • January 18, 2018

    MetLife, US Agree To End Appeal Over Stricter Regulatory Tag

    MetLife Inc. and the government on Thursday agreed to end an appeal of a judge’s order releasing the insurer from its status as a systemically important financial institution, ending a fight that fizzled after the Trump administration started easing regulations put into place after the financial crisis.

  • January 18, 2018

    West American Must Cover False Ad Suit, Nutiva Argues

    Nutiva Inc. urged a California federal judge Thursday to find that West American Insurance Co. and two other insurers must defend the food company against a putative class action alleging Nutiva misbrands its coconut oil as healthful, arguing the claims are covered by a “bodily injury” provision in the policy.

Expert Analysis

  • Series

    Judging A Book: Cooke Reviews 'Constance Baker Motley'

    Judge Marcia Cooke

    Gary Ford's new book, "Constance Baker Motley: One Woman’s Fight for Civil Rights and Equal Justice Under Law," is more than a biography of the first African-American woman to become a federal judge. It presents in vivid detail how her work altered the legal landscape of the United States, says U.S. District Judge Marcia Cooke of the Southern District of Florida.

  • Keeping Your Law Library Relevant In The Age Of Google

    Donna Terjesen

    Google’s status as a go-to research tool has transformed legal research habits, leading critics to view law libraries as cost centers. Law firms should embrace Google-style research tools and manage costs efficiently in order to position their libraries as valuable assets for years to come, says Donna Terjesen of HBR Consulting.

  • 6 Things You Need To Know About Millennial Jurors

    Zachary Martin

    Millennials are now the largest living generation and comprise one-third of jurors. While it is impossible to generalize a group so large and diverse, trial lawyers should be mindful of certain generational differences, say baby boomer Lee Hollis and millennial Zachary Martin of Lightfoot Franklin & White LLC.

  • Series

    40 Years Of FCPA: A View From The Monitorship Trenches

    Gil Soffer

    There have been many articles on the corporate monitor selection process, but you will find little guidance on how to prepare yourself for a job that has few parallels. There are three key lessons I have learned over the course of a Foreign Corrupt Practices Act monitorship still in progress, says Gil Soffer of Katten Muchin Rosenman LLP.

  • Series

    40 Years Of FCPA: The Untold Story Of The Resource Guide

    Charles Duross

    Much has been written about the 2012 "Resource Guide to the U.S. Foreign Corrupt Practices Act," but no one has talked about the behind-the-scenes work that produced the guide — until now, say Charles Duross, former chief of the FCPA Unit at the U.S. Department of Justice, and Kara Novaco Brockmeyer, former chief of the FCPA Unit at the U.S. Securities and Exchange Commission.

  • Series

    40 Years Of FCPA: A Journey From Conviction To Dismissal

    Janet Levine

    The twist in the Lindsey Manufacturing Foreign Corrupt Practices Act case was the truncated time in which we prepared. Having refused to waive their rights to a speedy trial, our clients took control of the case — this, along with the compressed time frame, forced the government to make errors, say Janet Levine, Sima Namiri-Kalantari and Megan Weisgerber of Crowell & Moring LLP.

  • Liability Insurance May Cover Intentional Acts In Penn.

    Timothy Law

    Under Pennsylvania law, liability policies can cover both deliberate conduct and intentional acts if the damage itself is unintended and not substantially certain to result from the deliberate and intentional conduct, as reaffirmed in the Pennsylvania Superior Court's recent ruling in Erie v. Moore, say Timothy Law and Brian Himmel of Reed Smith LLP.

  • D&O Insurance Coverage Tips For Financial Institutions

    Robert Long

    Directors and officers insurance coverage terms can be particularly important for executives in the heavily regulated financial services industry. Fortunately, in the midst of a very competitive insurance market, new and broader coverage features have appeared, say Robert Long and Nanci Weissgold of Alston & Bird LLP.

  • Can Labor Be Depreciated In Actual Cash Value Calculations?

    Jordan, Tracey - resized.jpg

    Depreciation of labor continues to be a hot-topic, divisive issue in actual cash value calculations. Based upon the lack of consensus and recent glut of litigation on the topic, insurance companies should be aware of the law in the jurisdiction in which they are calculating losses to avoid adjustment pitfalls, says Tracey Jordan of Foran Glennon Palandech Ponzi & Rudloff PC.

  • A Closer Look At Disaster Relief Guidance For Health Plans

    Gisue Mehdi

    Not only have recent natural disasters caused massive human tragedy, but also significant disruptions to employer-sponsored health and welfare plans in the affected regions. In response, federal regulatory agencies have issued guidance to provide relief to employers on plan-related deadlines and to address issues faced by impacted employers and employees, says Gisue Mehdi of Trucker Huss APC.