The Fifth Circuit on Tuesday found that an arbitrator exceeded his authority in a dispute between Capstone Associated Services Ltd. and Organizational Strategies Inc. over the termination of contracts relating to the formation of captive insurance companies, affirming a lower court's ruling vacating an arbitration award in Capstone's favor.
Google has reportedly leased space in Portland, Oregon, while Ping An Insurance and China Life Insurance are said to have invested in a majority of a $500 million Boston project and Workday has reportedly leased space in the Empire State Building.
Mega-insurer American International Group Inc. has won approval from the U.S. Federal Aviation Administration to use small unmanned aerial vehicles known as drones for insurance operations across the U.S., the company said Wednesday.
Travelers Indemnity Co. of Connecticut hit two KB Home subsidiaries with a suit in California federal court Tuesday, seeking to control choice of counsel in an underlying row over allegedly shoddy construction work.
An Illinois appeals court on Tuesday affirmed that Allianz Underwriters Insurance Co. breached its duty to defend Sinclair Oil Corp. against property damage claims arising out of alleged soil and groundwater contamination, but flipped a lower court's finding that Allianz breached its duty with respect to underlying bodily injury claims.
A California federal magistrate on Tuesday ruled that a UnitedHealth Group Inc. unit can't ditch a proposed class action alleging it denied mental health and substance abuse outpatient treatment to beneficiaries of an employer-sponsored health plan in violation of the Employee Retirement Income Security Act.
A Pennsylvania federal judge Wednesday ruled that a former Ameriprise Financial Services Inc. adviser — who has already been convicted of insider trading — was responsible for tipping a friend off to the impending acquisition of an insurance company, but he said the Securities and Exchange Commission's claims against the friend would be resolved at a trial.
Advocates asking the First Circuit to speed up its review of Puerto Rico’s same sex marriage ban argued that the island’s government continues to enforce the ban despite recognizing that the law is discriminatory and unconstitutional.
Hinshaw & Culbertson LLP announced on Wednesday that it has hired the former chief legal officer from QBE North America Inc. to strengthen the insurance practice at its New York office, with an emphasis on transactional and regulatory matters.
A California appeals court's recent ruling that a fire set by a transient in a vacant house isn't vandalism constricts the application of the vacancy exclusion found in some property policies and potentially puts insurers on the hook for more risk than they bargained for, according to attorneys.
A Texas federal judge on Tuesday tossed a Tesoro Corp. unit's $15 million suit alleging National Union Fire Insurance Co. of Pittsburgh, Pa., wrongfully denied coverage under a commercial crime policy, saying a Tesoro employee who forged letters of credit for fuel did not commit theft as the policy requires.
A Korean Insurer on Tuesday urged a New York appeals court to breathe new life into a $30 million lawsuit claiming UBS AG misrepresented the quality of two complex investment vehicles, saying a lower court wrongly found the case doesn’t belong in New York.
A group of Democratic California lawmakers Tuesday unveiled a 10-bill package aimed at protecting undocumented immigrants from fraud, discrimination, lack of health care and the unintended consequences of the criminal justice system, with Speaker of the Assembly Toni G. Atkins saying it represents “practical, humane and forward-thinking leadership.”
The Securities and Exchange Commission in California federal court Tuesday sued a Los Angeles-based insurance company and its owner for allegedly defrauding investors in the sale of fractionalized interests in universal life insurance policies, known as “life settlements.”
Hogan Lovells can’t represent Steadfast Insurance Co. in a dispute over environmental cleanup costs at a former naval shipyard because it also represents the parent company of another party targeted by Steadfast’s counterclaims in the case, a California federal judge ruled Tuesday.
A Manhattan federal judge on Tuesday blasted prosecutors for dumping millions of documents on Wells Fargo Bank NA in a contentious $189 million mortgage insurance suit, saying the documents hit too close to discovery deadlines for the bank to effectively review them.
Mid-Continent Casualty Co. was obligated to defend a contractor against homeowners’ defective work claims because Florida courts hadn’t yet determined which trigger to use in deciding whether property damage occurred during a policy period, the Eleventh Circuit ruled Tuesday.
Lexington Insurance Co. can’t force contractors accused of botching a $250 million project at Los Angeles International Airport to arbitrate their claims seeking coverage from the insurer against the city’s allegations because Lexington’s arbitration clause is illegal, the contractors told a California federal judge Monday.
The Centers for Medicare and Medicaid Services has slapped Aetna Inc. with a $1 million penalty for misleading thousands of consumers about pharmacy networks, a mishap that helped the insurance giant rack up one of the highest complaint rates this year in Medicare Advantage and Part D, according to recent correspondence.
A New York appeals court ruled on Tuesday that a Zurich Insurance Co. unit doesn’t have to defend now-defunct law firm Lee & Amtzis LLP in an underlying malpractice suit over multiple loan and real estate transactions, as those claims arose from the firm’s outside business.