Evanston Insurance Co. on Tuesday asked the Eleventh Circuit to reverse an Alabama federal court's ruling that a pollution exclusion in a policy it issued to a construction company doesn't bar coverage for underlying claims over property damage and injuries due to a sewage leak, saying the lower court ignored controlling precedent.
The Second Circuit on Tuesday affirmed a win for Liberty Insurance Corp. in a tussle over which of two insurers owed primary coverage for an underlying personal-injury suit from construction at a State University of New York campus, saying Liberty's policy for a subcontractor wasn't primary coverage for another subcontractor's additional insureds.
Beazley Insurance Co. on Tuesday urged the Second Circuit to uphold a judgment that its directors and officers policy doesn't cover a policyholder's settlement with a video technology company over lapsed payments, asserting that a New York federal court correctly ruled on several pretrial issues.
A putative class of Lifetrade Fund investors sued rating agency S&P Global Inc. and Wells Fargo Bank NA in New York federal court Monday, alleging S&P passed off investments in life insurance policies as safe bets despite the investments' being based on fraudulent life-expectancy projections.
Insurers must offer consumers greater personal choice when converting pension savings to retirement income under sweeping plans for a “pan-European pension product,” the head of Europe’s top insurance regulator said in a speech released Tuesday.
The use of automated or robo-advice is likely to take off and radically alter the market for investment advice, helped along by the recent increased regulatory attention, Deloitte LLP said in a study published on Tuesday.
U.S. and Bermuda insurers and reinsurers covering bodily injury claims in the U.K. must adapt quickly to higher costs stemming from a change in the way settlements are calculated, credit ratings agency Fitch Ratings said Tuesday.
A Pennsylvania state court judge has rejected North River Insurance Co.’s efforts to overturn a total of nearly $58 million in damages awarded to a subsidiary of safety equipment manufacturer MSA Safety Inc. stemming from both a jury trial and a bench trial over asbestos coverage.
Yahoo urged a California federal judge on Monday not to dismiss its suit against insurer National Union over defense for five Telephone Consumer Protection Act class actions, saying National Union's arguments against the suit apply only to Yahoo's advertising coverage and that National Union still has to pay under personal-injury coverage.
Britain's June 8 snap general election has forced Parliament to postpone until later this year the approval of new legislation to help London compete in the fast-growing insurance-linked securities market, a parliamentary spokeswoman confirmed Tuesday.
Andrew Tyrie, the influential U.K. lawmaker and one of the most formidable interrogators of the financial services industry and its regulators, will stand down from Parliament at the June general election, he said on Tuesday.
As California finds itself at odds with the Trump administration, the state is actively working to cement its regulatory framework over hot-button issues that will have knock-on impacts on the insurance industry. Governor Jerry Brown will likely seek to strengthen the state's regulatory power, and the California courts have recently decided two major cases in favor of the Department of Insurance, says Nathaniel Braun of Selman Breitman LLP.
The European Union needs to accelerate the completion of its capital markets union project by finalizing a number of regulations currently stuck in parliament to counter the disruption of Brexit, its finance chief said Tuesday.
Intensifying scrutiny from regulators will drive expansion of the stand-alone cyber insurance market, which will be crucial if the sector is to provide a sustainable solution to the cyber risks faced by banks and business, brokerage firm JLT Re said Monday.
Allowing attorneys to telecommute may seem like a great fix for law firms. But without significant changes to the firm's culture, telecommuting is just a patch applied to the problem of attrition, says Michael Moradzadeh, founding partner of Rimon PC.
The European Union’s insurance capital rulebook risks scaring off investors by demanding complex profit reports that fail to show how an insurer is really performing, according to a report released Tuesday.
A Pennsylvania court on Friday rejected an insurance carrier's argument that a chemical manufacturer's coverage for litigation over the cleanup of a toxic waste site is limited to the policy in effect when property damage was first discovered, a ruling that could give policyholders access to a wider swath of policies for claims tied to gradual damage.
A recent decision by a New York federal judge vacating an arbitration award in a reinsurance dispute and citing evident conflict of interest is a rare reminder of the critical importance of full and proper disclosure of an arbitrator's relationship to the parties, experts say.
Express Scripts Inc. announced Monday that Anthem Inc., one of its largest clients, plans to sever their relationship, as the pharmacy benefit manager faces allegations it charged the insurer inflated prices and refused to renegotiate in good faith, costing Anthem $15 billion.
MetLife Inc., hoping it could the first beneficiary of an executive order to review regulations for large financial institutions, on Monday asked the D.C. Circuit to pause the appeal of a ruling that freed the insurer from some of those very regulations.
A pharmacy that specializes in treating people with hemophilia sued Aetna Inc. in Pennsylvania federal court Friday, claiming the insurer arbitrarily refused to pay more than $533,000 in claims for hemophilia drugs after promising it would.
An Illinois federal judge sentenced a Chicago-area chiropractor, his father and his brother to lengthy prison terms Monday after the three admitted to running a $29 million health care fraud scheme out of the chiropractor’s office.
Effective visuals require effective design. In her new book, "Images with Impact: Design and Use of Winning Trial Visuals," published by the American Bar Association, trial lawyer and Jones Day partner Kerri Ruttenberg discusses how to design and use visuals to help viewers understand, believe and remember the messages being conveyed.
A Rhode Island law firm says its insurer wrongfully refused to cover a drop in business caused by a ransomware attack that held the firm's computer files hostage for months, even though the policy specifically covers "business income interruptions," according to a complaint that was removed to Rhode Island federal court on Friday.
Thompson Hine has picked up two insurance and securities lawyers for its New York office, one from White & Williams and one from Standard & Poor's, it said Monday.