The Ninth Circuit will hear arguments Wednesday in the Los Angeles Lakers' challenge of a ruling that freed its directors-and-officers insurer from covering a settlement with a fan who accused the team of violating the Telephone Consumer Protection Act with unsolicited texts, a case that could change how insurers treat the law in D&O policies.
New York's highest court on Tuesday affirmed a split appellate panel's ruling that Zurich American Insurance Co. and several other insurers don't have to cover the owner and developer of a Manhattan tower for $6.5 million in damage caused by a partial crane collapse during Superstorm Sandy.
A unit of AIG asked a Missouri federal court Monday to exclude a number of pieces of evidence from trial in a case over excess coverage for a boy's personal injury action against a YMCA branch, including a photograph of the boy’s leg before it was amputated.
The Eleventh Circuit on Tuesday upheld a lower court's ruling that a Lloyd's insurer doesn't have to defend law firm Jones Foster Johnston & Stubbs P.A. against a sanctions motion in an underlying defamation suit, holding that the insurer's policy unambiguously precludes coverage for sanctions.
Cigna Corp. on Monday urged a Connecticut federal court to dismiss a putative investor class action claiming the company lied about its compliance with Centers for Medicare and Medicaid Services regulations, arguing its statements that it intended to comply with regulations were true and not a smoke screen to deceive investors.
Cigna pulled the plug Tuesday on its planned $54 billion deal with Anthem after a federal judge blocked the deal on antitrust grounds, suing its former merger partner for the $1.85 billion reverse termination fee plus more than $13 billion in damages.
McKool Smith PC's new insurance recovery practice is off to a fast start, coming out ahead in closely watched cases focused on excess coverage triggers and other key policy issues, landing it among Law360's Practice Groups of the Year.
A Washington federal judge has ruled that Travelers and two other insurers breached their duty to defend King County in state and federal enforcement actions over environmental pollution at a pair of Seattle-area Superfund sites, holding that the actions constitute "suits" triggering the insurers' obligations.
Humana Inc. on Monday urged a Connecticut federal court to deny class certification to two home health aides who claim they were shorted overtime pay, calling their proposed class overly broad because other home health aides were either paid overtime or didn’t work more than 40 hours a week.
Seyfarth Shaw LLP represented Prudential Insurance Co. of America in connection with its $50 million loan to Jack Resnick & Sons Inc. for an office property on Madison Avenue in Manhattan, according to records made public in New York on Tuesday.
Under certain circumstances, an insurer can persuade a judge or jury that an insured organization misled or misrepresented critical information in order to obtain lower premiums. Ketherine Henry and Brendan Hogan of Bradley Arant Boult Cummings discuss five tips for avoiding insurance policy rescission.
When insured parties are ordered to pay punitive damages, they often want to know whether those punitive damages are covered and whether they were insurable in the first place. In the first half of this two-part article, Rory Jurman of Fowler White Burnett PA look at how courts in Florida treat this issue, compared to courts around the country.
Health insurance giants Aetna Inc. and Humana Inc. will no longer move forward with their planned $37 billion merger, after a District of Columbia federal judged backed the U.S. Department of Justice’s suit to block the deal, the companies said Tuesday.
Anthem Inc. asked the D.C. Circuit to reverse a lower court’s ruling blocking its proposed $54 billion acquisition of Cigna Corp., and to hurry up about it, saying Monday the judge had ignored benefits for consumers just because the merging parties — “capitalists, after all” — stood to profit too.
The Federal Deposit Insurance Corp. on Friday asked the Eleventh Circuit to affirm a ruling directing Lloyd's of London underwriters to cover the agency's $10 million settlement with three former Omni National Bank executives over the bank's allegedly risky practice of renovating foreclosed properties instead of liquidating them.
An Illinois federal jury gave a win Friday to defendant Security Life of Denver Insurance Co. in a suit brought by Life Plans Inc. over a $300 million contract to create together a novel type of life insurance policy.
Los Angeles-based public accounting firm Taylor & Lieberman told the Ninth Circuit on Monday that Federal Insurance Co. must cover the loss of a client's funds through a fraudster's email scheme, even though the accounting firm didn't have physical possession of the money.
Lawyers are likely turning to alcohol to lessen stress and anxiety, to socialize, and even to sleep better. Unfortunately, many are unaware that their nightly pour could be causing or exacerbating the anxiety that is plaguing the legal profession, says Jennifer Gibbs of Zelle LLP.
A Florida federal judge on Monday vacated a judgment of about $4.4 million plus interest for a Geico policyholder alleging the insurer acted in bad faith by failing to settle with the family of a woman killed in a car accident, ordering a new trial based on unfairly prejudicial evidence.
The Internal Revenue Service and an insurer filed objections Friday to International Shipholding Corp.’s Chapter 11 plan to restructure more than $200 million in debt, saying the plan treats their claims unfairly and hasn’t been shown to be feasible, echoing the concerns of five other creditors who filed objections on Thursday.
Former American International Group Inc. CEO Maurice “Hank” Greenberg and his attorney David Boies on Monday said the New York attorney general’s characterization of a $10 million deal reached last week to end long-running litigation was misleading, saying the settlement did not allege Greenberg committed fraud.
An insurer asked a New York federal court Friday to let it rescind a $10 million policy issued to a frozen foods distributor conducting a nationwide recall over listeria contamination, saying the firm lied on its application about previous safety violations uncovered by state inspectors.
A Florida federal judge agreed Monday to refer to a magistrate judge American Airlines’ request to pause discovery in a proposed class action claiming it duped consumers into thinking it had no financial interest in third-party travel insurance policies, as well as the airline’s bid to toss the action.
A Texas jury has sided with a homeowner in his dispute with insurer USAA Texas Lloyd's Company over a 2012 hail damage claim, finding that the company acted with malice in handling the $76,500 claim and slapping it with a nearly $1.8 million verdict.
A breast cancer survivor accused Anthem Blue Cross of denying her coverage for a 3-D mammogram, instead telling her it wasn’t medically necessary and that she could just use other tests, despite what her doctor recommended, according to a proposed class action filed in California on Friday.