Insurance

  • February 20, 2015

    HealthCare.gov Sent 800K People Faulty Tax Info

    The Obama administration on Friday announced that inaccurate tax filing information about health insurance subsidies was recently sent to 800,000 Americans who purchased coverage last year through HealthCare.gov, marking a bumpy start to the Affordable Care Act’s first tax season.

  • February 20, 2015

    Foreign Reinsurance Out Of IRS Reach, DC Circ. Told

    Validus Reinsurance Ltd. told the D.C. Circuit on Friday that an Internal Revenue Service rule seeking to tax reinsurance transactions between foreign companies is unconstitutional, urging the court to uphold a Washington, D.C., district court’s sparse finding that federal law bars the practice.

  • February 20, 2015

    Minority Powerbrokers Q&A: LeClairRyan's Corbin Walker

    Sometimes when partners retire, their institutional clients are not typically placed with partners of color or female partners. Women and partners of color should make sure they’re part of the succession-planning process, says Karol Corbin Walker, a shareholder with LeClairRyan who in 2003 was appointed as the first African-American president of the New Jersey State Bar Association.

  • February 19, 2015

    Conn. High Court Case May Reshape Data Breach Coverage

    The Connecticut Supreme Court's forthcoming decision in an insurance coverage dispute over an incident that exposed sensitive information for 500,000 IBM Corp. employees could help shape data breach coverage litigation, as the court is likely to weigh in on what constitutes a “publication” that triggers coverage when data is lost. 

  • February 19, 2015

    Philips Unit Challenges Insurers' Bid To Audit Asbestos Trust

    A U.S. unit of Koninklijke Philips Electronics NV pushed the Delaware Chancery Court on Thursday to throw out claims from six insurance companies seeking to audit the asbestos personal injury trust, set up during its bankruptcy case, to determine whether it has been paying out fraudulent claims.

  • February 19, 2015

    NJ's Senators Call For AG Probe Into Sandy Insurance Reports

    New Jersey's U.S. Senators on Thursday called on the state attorney general's office to investigate insurers' use of engineering firms to produce allegedly baseless reports that improperly slash payouts for Superstorm Sandy victims, which they said could amount to fraud.

  • February 19, 2015

    Troutman And Pryor Cashman Guide $161M NYU Dorm Loan

    Troutman Sanders LLP represented Prudential Mortgage Capital Co. in its $161.3 million Freddie Mac loan for a century-old New York University student dorm — which also has a retail component — to Corigin Real Estate Group, which had counsel from Pryor Cashman LLP.

  • February 19, 2015

    Cummins Can't Shake Chubb, Mine Co.'s Suit Over 2011 Fire

    A federal judge on Thursday refused to pare a suit a Nevada mine owner and Chubb Insurance Co. of Canada brought against Cummins Inc. over its allegedly defective generator engine that caused a 2011 fire, ruling that the former owner had properly transferred its claims under a subsequent purchase agreement.

  • February 19, 2015

    Cincinnati Gets Claims Pared In $1M Defect Coverage Fight

    A Utah federal judge Thursday ruled that Cincinnati Insurance Co. isn't liable to pay for damage to the main deck of a luxury home in a dispute over coverage for a $1 million arbitration award against a general contractor, but held that Cincinnati is on the hook to cover damage to the home's interior walls and flooring.

  • February 19, 2015

    Texas High Court Stays 2 Orders Striking Gay Marriage Law

    The Texas Supreme Court on Thursday issued two orders staying a pair of Austin rulings striking down the state's same-sex marriage ban as unconstitutional, hours after the marriage of an Austin gay couple.

  • February 19, 2015

    Zurich On Hook For IMS Health's Antitrust Defense

    A Pennsylvania state judge has found that Zurich American Insurance Co. must continue to defend IMS Health Inc. as it faces antitrust claims in federal court over allegations of market monopolization.

  • February 19, 2015

    Bronx Hospice Pays $6M To End Medicare Fraud Suit

    A hospice care provider in the Bronx signed off on a $6 million settlement Wednesday that ends a suit brought by New York and the federal government accusing the Medicare recipient of charging the government for services it never performed.

  • February 19, 2015

    Marsh, Atty Escape Ex-VP’s Breach Suit Over $2.3M Deal

    A New York federal judge on Thursday tossed an ex-Marsh & McLennan Cos. Inc. executive’s suit against Marsh and a lawyer who represented him in criminal bid-rigging charges, ruling the plaintiff couldn’t allege breach of contract or fiduciary duty following the attorney’s $2.3 million settlement with Marsh.

  • February 19, 2015

    Insurers Want 11th Circ. To Rethink Rental Car FACTA Suit

    Two insurers asked the Eleventh Circuit to reconsider its decision to remand their coverage dispute with a Budget Rent A Car licensee who allegedly printed complete credit card information on receipts, saying that liability for issuing such receipts to noncardholders wasn’t alleged in the underlying complaint.

  • February 19, 2015

    PGA Host Must Allow Appraisal In $18M Storm Damage Row

    A $17.5 million dispute over storm damage between a West Virginia PGA tournament host resort and its insurers was put on hold Wednesday pending appraisals after a federal judge ruled that the insurance companies didn’t waive their right to appraise the damage.

  • February 19, 2015

    Chiropractor Loses Rehearing Bid In Rape Suit Coverage Row

    The Tenth Circuit has refused to take another look at its decision affirming that a pair of insurers have no duty to defend or indemnify an Oklahoma-based chiropractor in a suit accusing her of negligence for not helping to prevent her ex-husband's sexual assault of an underage female patient at her clinic.

  • February 19, 2015

    Guess Licensee, Zurich Settle Gucci Trademark Coverage Row

    Guess Inc. licensee Signal Products Inc. has settled its suit seeking to force American Zurich Insurance Co. to cover more than $3.4 million in defense costs from a trademark dispute between Guess and Gucci America Inc., according to Wednesday filings in California federal court.

  • February 19, 2015

    Swiss Re Launches $1B Share Buyback Amid Restructuring

    Swiss Re AG announced a 1 billion Swiss franc ($1.05 billion) share buyback and increased dividends amid reported losses for 2014 as the reinsurance company looks to restructure its life and health business for future profitability.

  • February 19, 2015

    DOJ Probing Humana's Medicare Advantage Billing

    Health insurance giant Humana Inc. on Wednesday disclosed that the U.S. Department of Justice is scrutinizing its Medicare Advantage billing practices, the latest evidence of a new front in False Claims Act investigations.

  • February 19, 2015

    TRW Says Tackett Requires 6th Circ. To Reverse Retiree Ruling

    TRW Automotive Holdings Corp. told the Sixth Circuit Tuesday it must abandon prior precedent and nix claims the company’s retirees are entitled to lifetime health care because of a sea change in the way collective bargaining agreements must be read after a recent U.S. Supreme Court ruling.