Insurance

  • February 5, 2015

    11th Circ. Will Wait On High Court's Gay Marriage Ruling

    The Eleventh Circuit said Wednesday it would stay all pending cases challenging state same-sex marriage bans and any similar cases it receives until the U.S. Supreme Court issues an opinion in DeBoer v. Snyder out of the Sixth Circuit.

  • February 5, 2015

    Anthem's Speedy Breach Detection Likely To Ease Liability

    While the recent breach at Anthem Inc. is likely to expose the 80 million impacted customers and employees to a greater risk of identity theft than found in large-scale payment card hacks, the health insurer's quick and early detection of the intrusion is likely to help it stave off much of the scrutiny it will face from both the class action bar and regulators.

  • February 5, 2015

    Mid-Continent Tells 5th Circ. Houses Weren't Ads In IP Suit

    Insurer Mid-Continent Casualty Co.'s lawyer on Thursday told a Fifth Circuit panel that it should not have to pay “advertising injury” damages in an intellectual property suit against an architectural firm that sued a bankrupt homebuilder for allegedly using its designs without permission, in part because the houses themselves could not be considered advertisements.

  • February 5, 2015

    Calif. Prior-Settlement Ruling Limits Insurer Defenses

    A California appeals court's recent ruling regarding the impact of prior settlements on claims against a nonsettling insurer impairs insurance companies' ability to apply a precedential decision to escape coverage and could help policyholders push breach of contract and bad faith claims to trial, experts say.

  • February 5, 2015

    South St. Seaport Owner Says Insurers Owe $8.6M For Sandy

    The Howard Hughes Corp. on Wednesday sued two insurance companies in New York state court, accusing them of wrongfully withholding $8.6 million for damage sustained by the South Street Seaport following Superstorm Sandy, by misapplying a named storm deductible.

  • February 5, 2015

    Anthem Hit With Class Actions Following Data Hack

    Less than a day after Anthem Inc. revealed hackers exposed the personal information of about 80 million customers and employees, the nation’s second-largest health insurer was hit with putative class actions in California and Alabama federal courts Thursday accusing Anthem of failing to protect its customers. 

  • February 5, 2015

    Geico Launches RICO Suit Over $6M In No-Fault Claims

    Geico hit three medical professional corporations, the companies’ alleged managers and two doctors with a complaint in New York federal court Wednesday, claiming they participated in an ongoing racketeering scheme to defraud the insurance company of over $6.25 million in payments for auto accident injuries.

  • February 5, 2015

    FDA Unveils Rule On Generic-Brand Patent Battles

    Prompted by an important U.S. Supreme Court ruling, the U.S. Food and Drug Administration on Thursday floated a lengthy regulation aimed at clarifying its policies on how brand-name drugmakers can change use codes to stave off generic competition.

  • February 5, 2015

    Insurer Says No Coverage For Construction Co. Exec's Suit

    International Insurance Co. of Hannover on Wednesday asked a California federal court to determine whether it must defend a construction company from a lawsuit filed by its executives after an employee allegedly caused a fire during work on their home, destroying the property.

  • February 5, 2015

    ACA Backers Make States' Rights Gamble At High Court

    Affordable Care Act supporters are targeting conservative U.S. Supreme Court justices by arguing that states' rights would suffer if tax credits are curtailed in a closely watched case, a risky move that experts say could spare the law but handcuff the federal government in the future.

  • February 5, 2015

    GOP Floats ACA Replacement As High Court Test Looms

    Congressional Republicans on Thursday unveiled their most detailed proposal yet for replacing the Affordable Care Act, a move aimed at convincing U.S. Supreme Court justices that a backup plan exists if the law’s subsidies are dialed back.

  • February 5, 2015

    Judge Won't Trim Insurer's BMW Engine Fire Row

    An Ohio federal judge on Wednesday refused to trim claims in an insurer's suit claiming BMW of North America LLC should pay up after a BMW vehicle allegedly caught fire and burned down a woman's home, saying the automaker didn’t show there weren’t any foreseeable risks in the vehicle engine's design.

  • February 5, 2015

    US Financial Watchdogs Tweak SIFI Designation Process

    U.S. financial regulators on Wednesday adopted a series of reforms aimed at increasing the transparency in its process for designating insurance companies and other nonbank firms as systemically important, and placing them under heightened regulatory supervision.

  • February 4, 2015

    Anthem Reveals Data Hack Of 80M Customers, Employees

    Anthem Inc., the nation’s second-largest health insurer, revealed late Wednesday that its information technology system has been hacked, exposing the birthdays, Social Security numbers, income data and other personal details of about 80 million customers and employees.

  • February 4, 2015

    ResCap Trust Demands $350M In Coverage From Insurers

    The liquidating trust left behind by Residential Capital LLC and two groups of mortgage borrowers who settled claims with the ResCap sued a dozen insurers in New York bankruptcy court on Tuesday, claiming that the carriers are refusing to cover over $350 million in settlement costs.

  • February 4, 2015

    First American Urges Arbitration In Fee Overcharge Appeal

    First American Title Insurance Co. urged a California appeals court Wednesday to compel case-by-case arbitration in a class action alleging it overcharged escrow fees for 270,000 homebuyers and sellers, arguing a trial court erred in asking the insurer to individually identify the homebuyers who had signed arbitration agreements.

  • February 4, 2015

    Liberty Mutual Needn't Indemnify Kmart, 7th Circ. Says

    The Seventh Circuit on Wednesday reversed a lower court's holding that Liberty Mutual Fire Insurance Co. and shoe retailer Footstar Inc. must indemnify Kmart Corp. for a settlement stemming from an in-store accident, while affirming a ruling that Liberty Mutual and Footstar had a duty to defend the department store chain.

  • February 4, 2015

    Principal Life Tax Dispute With IRS Sent To Trial

    The U.S. Court of Federal Claims, refusing cross-motions for partial summary judgment, ruled on Wednesday that the issue of whether or not Principal Life Insurance Co. is owed a refund for taxes on previously taxed income would go to trial because of unresolved issues of fact.

  • February 4, 2015

    AIG Unit Can't Nix Cushman Suit Over Pre-2008 Appraisals

    An Illinois federal judge on Tuesday denied an American International Group Inc. unit's jurisdictional challenge to Cushman & Wakefield Inc.'s suit seeking coverage for litigation over pre-2008 real estate appraisals, saying the insurer's inconsistent identification of its citizenship suggested a “deliberate attempt” to avoid certain judicial forums.

  • February 4, 2015

    Sandy Suit Attys Blame Co-Counsel In Bid To Ax Sanctions

    Recently sanctioned attorneys who represented a marina that had sued its insurer over wind damage caused by Superstorm Sandy filed a motion on Tuesday for reconsideration of their sanctions in New Jersey federal court, pointing the blame at another firm working with them on the case.