Chief Justice John G. Roberts stayed in the background in the U.S. Supreme Court’s recent blockbuster Affordable Care Act case over employer-sponsored contraceptives, handing the majority opinion to Associate Justice Samuel A. Alito in a surprising move that experts say marks Justice Alito’s rising influence as a conservative force on the court.
Proxy adviser Institutional Shareholder Services Inc. on Friday recommended that shareholders of Aspen Insurance Holdings Ltd. vote against a pair of proposals from fellow insurer Endurance Specialty Holdings Ltd. aimed at advancing its $3.2 billion takeover bid for Aspen.
PacifiCare Life and Health Insurance Co. sued California's insurance commissioner Friday in state court over a $173.6 million fine for roughly 130,000 violations in processing health insurance claims after UnitedHealth Group Inc. acquired it for $9.2 billion, calling the penalty egregious.
The Eighth Circuit on Friday upheld a ruling that claims against a Christian sports camp over the drowning of two boys at a pool party involved one occurrence instead of two, limiting the obligations of Axis Insurance Co. over the protests of an umbrella insurer.
China's Alibaba could kick off its potentially record-breaking U.S. initial public offering process at soon as the end of this month, while Spain's Telefonica is looking to ditch its stake in Telecom Italia to ease regulatory pressure.
An Oregon federal judge on Thursday ruled that National Union Fire Insurance Co. has no obligation to cover judgments and settlements against an ambulance company sued for employing a male emergency medical technician who pled guilty to fondling passengers, reversing his earlier judgment.
U.S. House of Representatives Speaker John Boehner, R-Ohio, on Thursday introduced a draft resolution to let the body sue President Barack Obama over his decision to postpone implementation of the Affordable Care Act's employer mandate.
Syncora Holdings Ltd. failed on Friday to trap casino tax streams flowing to the city of Detroit to satisfy the bankrupt municipality’s debt obligations when a Michigan federal judge held that the revenues are part of the debtor’s estate and off-limits to creditors.
Life insurance company Friends Life Group Ltd. will sell its wealth management units to private equity firm Blackstone Group LP for up to £356 million ($608.9 million), the companies said Friday, in a move that sees Friends Life divesting nonessential businesses.
The founder of a struggling insurance company hatched a murder plot targeting Vice Chancellor J. Travis Laster, who oversaw the liquidation of the business, amassing a trove of weapons and apparently recording himself on a recent trip to Delaware to stake out the judge's home, according to court documents.
The Florida Office of Insurance Regulation has told insurers that it does not agree with trade secret claims they applied to their proposed rates filed for 2015 federal health insurance marketplace plans in Florida.
The Fifth Circuit recently held that Mid-Continent Casualty Co. correctly applied a contractual liability exclusion in a construction defect case, an encouraging sign for insurers fighting indemnification in the wake of a landmark Texas Supreme Court ruling that narrowed the exclusion's scope.
A Florida federal judge held Thursday that Lloyd's of London has no duty under a professional liability policy to indemnify an insurance scammer against claims brought by AXA Equitable Life Insurance Co., finding a criminal conduct exclusion applied.
A group of Bank of America customers on Thursday urged the Ninth Circuit to revive their putative class action alleging the bank and an affiliate enrolled and charged bank customers for accidental-death insurance without their consent, saying a judge wrongfully tossed the case over purported forum-shopping.
A Texas appeals court on Thursday affirmed the dismissal of a suit by Sammons & Berry PC to recover attorneys’ fees in a personal injury suit, saying though a Texas trial court had jurisdiction to hear the case, it was within the judge’s discretion to hold that New Mexico was a more appropriate forum.
Private health care insurers would have paid millions of dollars less in premium rebates to members under the Affordable Care Act if agents and brokers’ charges hadn’t been used in their calculation, the U.S. Government Accountability Office said in a report released on Thursday.
National Union Fire Insurance Company of Pittsburgh filed suit Wednesday in New Jersey federal court seeking a judgment that it does not have to defend or indemnify medical technology company Becton Dickinson and Co. for its $100 million judgment in two underlying antitrust lawsuits.
A New Jersey federal judge on Wednesday approved the settlement of a class action accusing Horizon Blue Cross Blue Shield of New Jersey Inc. of underpaying reimbursements, backing the insurer’s plan to decommission a controversial database and awarding class counsel $2.5 million despite protests.
Canada’s privacy watchdog on Thursday said it is urging life and health insurance companies not to ask policy applicants for access to the results of genetic tests they may have taken.
Endurance Specialty Holdings Ltd. on Thursday urged its fellow shareholders of Aspen Insurance Holdings Ltd. to speak out against the Aspen board’s reluctance to consider Endurance’s $3.2 billion buyout bid in what has become a heated hostile takeover attempt in the highly regulated insurance space.