Trade groups representing insurers and corporate policyholders have staked out opposing positions as amici in a Texas Supreme Court case that asks whether commercial general liability policies are triggered by the U.S. Environmental Protection Agency's “potentially responsible party” letters.
A Pennsylvania federal judge ruled Tuesday that an environmental cleanup company may proceed with its bad faith claims against Greenwich Insurance Co. in a dispute over coverage for defense costs in an employee suit stemming from a gas explosion but said the company couldn't recover punitive or consequential damages.
Amicus briefs in support of both sides in Florida's same-sex marriage debate are flowing in following the U.S. Supreme Court's recent decision to let a stay expire Jan. 5 on a ruling overturning the state's ban on same-sex marriage.
Insurers, hospitals and consumer advocates are questioning a proposal from the Centers for Medicare and Medicaid Services to automatically re-enroll people into lower-priced Affordable Care Act policies, arguing in letters released Monday that the plan could jeopardize access to preferred providers and even fail to save money.
Caribbean Petroleum Corp.'s codefendant in litigation over a fuel explosion petitioned the U.S. Supreme Court last week after having failed to overturn orders in Capeco's bankruptcy that lumped tort claimants with other general unsecured creditors in the distribution of $24 million in insurance proceeds connected to the blast.
The number of Americans that have found health coverage on HealthCare.gov this year has soared to 6.4 million as figures from the fifth week of open enrollment, which ended Friday, more than doubled those of the previous month, according to snapshot data released by the Obama administration on Tuesday.
Radian Guaranty Inc. will sell its bond guaranty subsidiary to Assured Guaranty Corp. for $810 million in cash, it said Tuesday, a deal that will help the Philadelphia mortgage insurer comply with post-crisis Federal Housing Finance Agency capital requirements.
A Pennsylvania federal judge ruled Monday that endorsements in several Travelers Indemnity Co. umbrella policies don't prevent Goodyear Tire & Rubber Co. from aggregating multiple asbestos bodily injury claims into a single claim for purposes of seeking coverage under the policies.
Pennsylvania Gov. Tom Corbett’s administration was slapped with a putative class action on Monday alleging that a new process for assigning low-income residents to benefit plans as part of the state’s waiver plan to expand Medicaid under the Affordable Care Act violated due process rights.
In a Michigan city's putative class action alleging Prudential Financial Inc. misled investors by failing to account for payments to the families of deceased policyholders, insurance departments from seven states have urged a New Jersey federal judge to overrule an order compelling the hired auditor to produce documents.
There is no greater protection from bias or racism than having your own practice, your own clients, says Michael Brown, a principal and trial lawyer in Miles & Stockbridge PC’s products liability and mass torts practice.
As the onslaught of hail-related roof damage claim cases progressed through courts in 2014, state and federal judges addressed a variety of issues commonly presented by hail-damage disputes, such as the timeliness of the insured’s claim submission and the proper scope of discovery, says James Holbrook III of Zelle Hofmann Voelbel & Mason LLP.
Since Dodd-Frank was enacted in 2010, U.S. financial services policy has been punted to the Obama administration and the myriad federal financial regulators, as opposed to Congress. That is about to change. We recently saw both the House and Senate reassert their authority by passing several bills impacting banking and insurance, says J.C. Boggs of King & Spalding LLP.
A Texas appeals court on Friday held CIGNA Corp. units didn’t violate state election laws by making corporate contributions to the Texas Association of Business that were used to fund direct mail advertising during a campaign cycle.
The Connecticut Insurance Department's issuance of notices to an insurance broker regarding an investigation of alleged misconduct in life insurance sales didn't constitute an "agency proceeding" requiring the broker to exhaust its administrative remedies before it could bring suit to determine the legality of those sales, the state high court ruled in an opinion released Monday.
An epic battle at the U.S. Supreme Court over the Affordable Care Act’s future officially began Monday, as challengers seeking to curb health insurance subsidies filed an opening brief asserting that it would be “lawless” to allow the credits nationwide.
Lead counsel for a group of Michigan pension systems in a consolidated securities class action against American International Group Inc. urged a New York federal judge on Monday to approve an award of $115 million in attorneys' fees, arguing that their work led to the massive $960 million settlement in the case.
Shareholders involved in multidistrict litigation with Life Partners Holdings Inc. want a federal Texas judge to reduce a $47 million award from a securities suit against the financial services company by 75 percent or more, arguing Monday that there will be nothing left to compensate shareholders after paying the judgment to the U.S. Securities and Exchange Commission.
Former executives at a failed Arizona bank have settled an $11 million Federal Deposit Insurance Corp. lawsuit accusing them of misconduct, while reaching a related deal over Progressive Casualty Insurance Co.’s bid to deny coverage for the regulator’s claims, according to documents filed Monday in federal court.
Century Indemnity Co. has asked a New York federal judge to revisit her ruling limiting Global Reinsurance Corp.'s share of the more than $60 million that Century has paid to cover Caterpillar Tractor Co. in asbestos litigation, saying a recent Second Circuit decision calls the judge's analysis into question.
The Tenth Circuit declined to disturb a jury verdict favoring adjuster Western Claims Inc. in a dispute with Seneca Insurance Co. over coverage for hail damage, finding Monday that discussions between Seneca and its attorneys about the $1 million settlement of an underlying bad-faith suit weren't privileged.
HIV-positive plan subscribers of Aetna Inc. are suing to stop the insurance giant from putting into place a New Year’s policy that they say threatens their health and privacy, according to a putative class action filed in California federal court Friday.
Managed health care company Health Net of California Inc. was hit with a putative class action in California state court Friday alleging the company breached its individual health plan contracts by misrepresenting doctor availability in its Affordable Care Act plans.
Signal Products Inc. asked a California federal judge on Friday to sanction American Zurich Insurance Co. in a coverage dispute over $1.9 million in legal fees billed by O'Melveny & Myers LLP stemming from a trademark battle between Guess? Inc. and its licensees, and Gucci America Inc.
The indicted president of Freedom Industries Inc., whose January chemical spill is blamed for contaminating drinking water for 300,000 West Virginia residents, told a bankruptcy court on Friday that he objected to a company's proposed $3 million settlement with AIG Specialty Insurance Co.