Florida Gov. Rick Scott said Tuesday that his administration will continue to defend the state's ban of same-sex marriage despite Monday's U.S. Supreme Court decision not to review rulings from five other states overturning similar bans.
A server managed by MBIA Inc. subsidiary Cutwater Asset Management that contains private client information may have been illegally breached, the bond insurer said Tuesday, and the server has been taken offline while the company conducts an investigation.
Highmark Inc. is facing potential legal action from Pennsylvania officials who say that a Medicare Advantage plan the insurer is promoting violates an agreement defining its relationship with the University of Pittsburgh Medical Center after their contract expires at the end of 2014.
The University of Notre Dame is asking the U.S. Supreme Court to vacate a Seventh Circuit decision that blocked its religious opposition to the Affordable Care Act’s contraception coverage mandate, arguing that it would have succeeded under the Supreme Court’s Hobby Lobby decision.
Citizens Property Insurance Corp., Florida's insurer of last resort, urged the state's highest court Tuesday to reverse an appeals court ruling that the insurer isn't immune from bad faith claims brought by a condominium association over its handling of a hurricane damage claim.
A California appeals court Monday upheld a lower court’s decision that Continental Casualty Co. has no duty to defend or indemnify a massage center in litigation over an alleged sexual assault of a customer by an employee, since the assault was not related to his work.
Wal-Mart Stores Inc. said on Tuesday that is planning to drop health insurance coverage for its part-time workers who work less than 30 hours a week, becoming the latest major retailer to react to upcoming changes under the Affordable Care Act that will impact employers' coverage obligations beginning next year.
Validus Reinsurance Ltd. on Friday urged the D.C. Circuit to uphold a February district court ruling that the Internal Revenue Service may not collect an excise tax on reinsurance policies between two foreign entities, saying that to do so is outside of the government's constitutional reach.
The New Jersey Supreme Court's recent decision in IMO Industries Inc. v. Transamerica Corp. underscores the continued applicability of the court's observation on environmental coverage law with respect to allocation — just as one important issue is resolved at least two new issues rise to take its place, says Scott Seaman of Meckler Bulger Tilson Marick & Pearson LLP.
Following the U.S. Supreme Court's refusal Monday to review seven rulings striking same-sex marriage bans in five states, the Florida chapter of the American Civil Liberties Union said that it will ask a federal judge to lift a stay on his decision finding Florida's ban unconstitutional.
Munsch Hardt Kopf & Harr PC is expanding its Houston office through a Nov. 1 merger with eight-lawyer Harrison Bettis McFarland LLP, a boutique litigation firm specializing in energy and insurance coverage, the firms announced Monday.
The U.S. Supreme Court's refusal Monday to enter the fray over same-sex marriage adds momentum to the ongoing push for nationwide legalization by increasing the number of states where it is permitted, but the high court passed up a chance to provide definitive guidance, lawyers say, and will eventually have to weigh in.
The Eighth Circuit on Monday remanded a case brought by a Minnesota medical device maker to challenge the Affordable Care Act’s contraceptive insurance requirements, vacating a Minnesota federal court’s denial of a preliminary injunction on enforcement of the mandate and asking it to consider if the company has standing to bring the case.
U.S. Treasury Secretary Jack Lew on Monday said federal regulators might reconsider how they classify nonbank companies as systemically important financial institutions, while granting MetLife Inc.’s request to contest the label — which would put the insurer under Federal Reserve oversight.
State Farm Fire and Casualty Co. on Friday urged the Fifth Circuit to reverse a district court decision in favor of whistleblowers who allege it submitted false claims to the National Flood Insurance Program for a house destroyed by Hurricane Katrina winds, and to deny their discovery requests.
A federal magistrate judge on Monday preserved a Pennsylvania bank's suit accusing St. Paul Mercury Insurance Co. of wrongfully refusing to cover $3.5 million a hacker stole from account holders, saying the bank's reimbursement of the funds didn't void its policy.
Former Treasury Secretary Hank Paulson conceded Monday that the terms of American International Group Inc.’s bailout were more "harsh" than similar deals during the financial crisis, but he said that systemic stability considerations had trumped fairness as trial continued in a $55.5 billion shareholder challenge to the deal.
The U.S. Supreme Court on Monday refused to hear seven petitions seeking review of lower court rulings striking down same-sex marriage bans in five states, preserving decisions that effectively rendered gay marriage legal in Indiana, Wisconsin, Utah, Virginia and Oklahoma. Here, attorneys tell Law360 why the Supreme Court denials are significant.
The U.S. Supreme Court on Monday declined to review the dismissal of a former Metropolitan Life Insurance Co. worker's Employee Retirement Income Security Act suit, leaving in place a ruling that found the employee's claims were time-barred.
The government asked the U.S. Supreme Court not to review a Fourth Circuit decision allowing federal subsidies for Affordable Care Act exchange insurance premiums, saying Friday that the D.C. Circuit’s planned en banc rehearing of a similar case eliminates any need for the high court to step in.
Hilton Worldwide Holdings Inc. has agreed to sell the iconic Waldorf Astoria New York hotel to a Chinese insurance company for $1.95 billion, the hospitality giant announced Monday.
We are paying particular attention to attempts to curtail the scope of the attorney-client privilege through the U.S. Securities and Exchange Commission or private lawsuits or to expand the reach and scope of the False Claims Act, says Andrew Farley, executive vice president and general counsel of KBR Inc.
Surely the epitaphs for the financial guaranty insurance industry were not penned prematurely. Certainly those insurance companies must have the good grace to comprehend that their day has passed. Yet the expectations — nay the certitude — of market-watchers appears likely to be foiled, says Jeffrey Stern, leader of the structured products group at Pillsbury Winthrop Shaw Pittman LLP.
The U.S. Supreme Court on Monday refused to pick up seven petitions seeking review of lower court rulings striking down same-sex marriage bans in five states, preserving decisions that effectively rendered gay marriage legal in Indiana, Wisconsin, Utah, Virginia and Oklahoma.
Recently, courts are acknowledging insurers' overreach in citing the restitution/disgorgement defense when denying coverage — although it would be unfair to declare its demise, U.S. Bank v. Indian Harbor Insurance Co., following a trend of similar rulings, suggests its viability has been limited, say Peter Gillon and Vernon Thompson Jr. of Pillsbury Winthrop Shaw Pittman LLP.