Insurance

  • June 25, 2014

    9 Takeaways From Enforcers On Medicare Fraud Priorities

    Medicare’s anti-fraud efforts came in for especially tough scrutiny Wednesday as government watchdogs issued several significant reports and a U.S. House of Representatives panel staged a heated hearing on the subject of overpayments. Here, Law360 looks at nine takeaways that emerged.

  • June 25, 2014

    Deals Rumor Mill: Del Taco, China Post Group, Aetna

    U.S. fast food chain Del Taco is considering a sale that could value it at more than $500 million, while state-owned China Post Group Co.'s lending arm is planning to seek more than $4 billion in an initial public offering in Hong Kong and Shanghai.

  • June 25, 2014

    Coverage Suit Over Dish's Malpractice Claims Stays Alive

    A Texas federal judge on Tuesday rejected dueling requests to resolve OneBeacon Insurance Group Ltd.’s suit seeking a judgment that it doesn’t have to indemnify law firm T. Wade Welch & Associates against malpractice claims that its former client Dish Network Corp. brought after being sanctioned in antitrust litigation.

  • June 25, 2014

    Arch Can't Exit Faulty Construction Coverage Suit In Calif.

    A California federal judge has denied Arch Specialty Insurance Co.'s attempt to defeat a lawsuit demanding insurance coverage for damage tied to improper construction, refusing to apply exclusions for works-in-progress and faulty workmanship.

  • June 25, 2014

    Fla. AG Moves To Intervene In 2 Same-Sex Marriage Cases

    Florida Attorney General Pam Bondi filed motions Tuesday to intervene in two challenges to the state's ban on same-sex marriage, as key hearings loom in both lawsuits.

  • June 25, 2014

    AIG Settles With Freedom Industries Over Spill Coverage

    Freedom Industries Inc., the bankrupt company whose January oil spill is blamed for contaminating drinking water for 300,000 West Virginia residents, on Tuesday reached a settlement with AIG Speciality Insurance Co. on coverage for claims arising from the spill.

  • June 25, 2014

    Lexington Escapes NY Health Centers' Coverage Claims

    A Brooklyn federal judge said Tuesday that Lexington Insurance Co. owes no coverage under separate $1 million policies to two New York City health care companies for damage they sustained during Hurricane Sandy because their storm-surge damage amounted to flooding, which was not protected.

  • June 25, 2014

    Senate Panel Approves HUD Chief Nominee

    The Senate Banking Committee on Wednesday approved Julian Castro's nomination to be the next leader of the U.S. Department of Housing and Urban Development, moving him one step closer to confirmation by the full Senate.

  • June 25, 2014

    10th Circ. Strikes Utah Gay Marriage Ban

    The Tenth Circuit on Wednesday struck down Utah's prohibition on same-sex marriage, a ruling that came the same day a federal district court in Indiana found against a similar ban in that state.

  • June 25, 2014

    Travelers Unit Escapes Coverage Of Madoff Suits In NY Court

    A New York appeals court on Tuesday affirmed a ruling that losses caused by class action claims brought against three Connecticut banks over investment in Bernard Madoff's Ponzi scheme are excluded from coverage under policies with Travelers Co. unit St. Paul Mercury Insurance Co.

  • June 24, 2014

    Cigna Beats Suit Claiming It Cut ERISA Benefits

    Health insurer Cigna Corp. escaped a putative class action alleging it schemed with database runner Ingenix Inc. to reduce employer-sponsored health benefits by using manipulated data, according to an order in New Jersey federal court on Tuesday.

  • June 24, 2014

    Texas High Court Asked If EPA Letters Trigger CGL Coverage

    The Texas Supreme Court on Monday accepted a case asking whether a “potential responsible party” letter issued by the U.S. Environmental Protection Agency triggered Travelers Indemnity Co.’s duty to defend under a commercial general liability policy issued to a Waste Management Inc. predecessor.

  • June 24, 2014

    11th Circ. Puts Reinsurer On Hook For City-Contractor Row

    The Eleventh Circuit on Tuesday ordered reinsurer OneBeacon Insurance Co. to reimburse an insurer for a Florida city’s defense costs in a billing fight with a construction contractor, reversing a decision that set OneBeacon free after finding the insurer provided coverage to the city by mistake.

  • June 24, 2014

    Post-Halliburton Costs May Drive Shift In D&O Coverage

    In the wake of the U.S. Supreme Court's Monday decision giving defendants in securities class actions a fighting chance at defeating class certification, one directors and officers insurance carrier is attempting to quell fears about the one thing securities attorneys say they expect to increase the most: upfront costs.

  • June 24, 2014

    Insurers On Hook For $30M Of PNC Overdraft Deals: Judge

    PNC Financial Services Group Inc. can look to its insurers to cover $30.3 million of attorneys' fees and other costs it paid in two settlements of class actions concerning overdraft charges, but can’t get coverage for the remainder of the settlements, a Pennsylvania federal judge ruled Tuesday.

  • June 24, 2014

    Lew, Dems Duke It Out With GOP On Proposed FSOC Revamp

    Sharp divisions among U.S. House lawmakers over the need to overhaul the Financial Stability Oversight Council became apparent at a Tuesday hearing, where Treasury Secretary Jack Lew defended the panel in charge of designated systemically risky companies against a slew of attacks from Republicans.

  • June 24, 2014

    Anco Takes Asbestos Coverage Dispute To 5th Circ.

    Anco Insulations Inc. asked the Fifth Circuit on Friday to overturn a lower court's ruling that National Union Fire Insurance Co. isn't liable for defense costs related to a slew of asbestos-related suits, saying the lower court ignored unopposed expert testimony.

  • June 24, 2014

    Miami Beach, Orlando Support Fla. Gay Marriage Suits

    The cities of Miami Beach and Orlando on Monday put their support behind two lawsuits challenging Florida's ban on same-sex marriages, filing motions to file amicus curiae briefs in favor of overturning the current law.

  • June 24, 2014

    Texas Appeals Court Affirms Class Cert. Against Life Partners

    A Texas appeals court refused to overturn class certification Monday in a suit alleging Life Partners Inc. breached its contract and fiduciary duty by withholding overpayments made on life settlements when the insured died early, affirming a district court's decision.

  • June 24, 2014

    Calif. Undercuts Policyholders In Implied Disparagement Rows

    In a recent decision favoring Hartford Casualty Insurance Co., the California Supreme Court set highly anticipated ground rules on coverage for companies' claims that a competitor implicitly disparaged their products, resolving a conflict in state appellate authority and significantly narrowing the field of play for policyholders seeking disparagement coverage.