MMIC Insurance Co. can rescind an Iowa doctor's retroactive professional-liability policy due to his failure to notify the insurer of a medical negligence lawsuit pending against him before the coverage was put into place, the Eighth Circuit affirmed on Tuesday.
Florida-based insurer Sawgrass Mutual is accusing a competitor of trying to steal its trade secrets by compelling arbitration related to two contracts Sawgrass held with a reinsurer, which was then bought out by the competitor, according to a complaint removed to Florida federal court Tuesday.
Some law firms fail to promote collegiality through their policies and management, instead infusing venom into the relationships between their attorneys and dealing a fatal blow to firmwide harmony and productivity. Here, experts reveal the three biggest ways law firms unintentionally cultivate discord.
The state treasurer of Illinois said on Tuesday that Gov. Bruce Rauner should not hesitate any longer to sign a bill requiring life insurance companies to make a good faith effort to locate deceased policyholders so that beneficiaries receive the money they're due.
An insurer sued Martin Disiere Jefferson & Wisdom LLP for more than $10 million in Houston state court Monday, claiming the firm waited too long to file a maritime law claim that could have limited a contractor’s liability in a wrongful death case.
The order that Great Divide's and Lexington's competing policies apply to an underlying lawsuit over a garbage truck accident that killed a biker is a question best left to Massachusetts’ highest court, a federal judge concluded Tuesday.
A Hudson Valley man was indicted on insurance fraud charges for allegedly running a “medical mill” that promised affordable housing but subjected thousands of New Yorkers to unnecessary medical tests while bilking Medicaid out of $5 million, the New York Attorney General’s Office said Tuesday.
The firm representing Groom Construction in a lawsuit over a fitting room door that allegedly injured a shopper at Target can remain as counsel, a New York magistrate judge concluded Monday, denying Target’s bid to disqualify the attorneys because of an alleged conflict of interest with Groom’s insurer.
A Florida federal judge ruled Tuesday that an insurer cannot lean on an exclusion for entertainment-related claims to deny coverage to two bars accused of impermissibly using models' likenesses in ads, saying the exclusion is unenforceable because it renders the policies' advertising injury coverage "illusory."
The Seventh Circuit on Tuesday held that Cincinnati Insurance Co. must defend H.D. Smith in the state of West Virginia's suit alleging that the drug wholesaler helped facilitate a painkiller addiction epidemic by over-distributing prescription drugs, reversing a lower court decision.
A Mississippi federal court Monday let a Zurich American Insurance Co. unit escape coverage of an underlying civil rights action brought by men who spent decades in prison based on wrongful convictions, but said First Mercury Insurance Co. may still be on the hook.
No-fault insurance and stock fraud ringleader and career criminal Michael Danilovich was hammered with a 25-year prison sentence Tuesday by a Manhattan federal judge who called him a one-of-a kind crook, capping a hearing in which a lawyer for Allstate made an in-person request for a lengthy prison term.
A group of law firm clients whose information was allegedly stolen from computer servers by Zenith Insurance Co. — 33,000 client case files in all — asked a California federal judge on Monday for class certification.
Timothy Kevane’s recent Law360 guest article depicting the New York Court of Appeals' decision in Viking Pump as a “break” with an alleged nationwide “trend” toward pro rata allocation is totally at odds with the real trend of decisions finding noncumulation provisions incompatible with pro rata allocation, say John Winsbro and Elizabeth Sherwin at McKool Smith PC.
Two teenage girls awarded $4.35 million after an Ohio church's former pastor sexually assaulted them urged the Sixth Circuit on Friday to rehear an appeal over the coverage duties of the church's insurer, saying the appellate court wrongly held that the insurer wasn't on the hook for their attorneys' fees.
Vestor Capital Management is entitled to receive a $5 million payout from the life insurance policy of its now-deceased president, an Illinois federal judge concluded Monday, after finding that the investment firm’s request to reduce the policy to $2 million hadn’t gone into effect before its president died.
Insurance broker Alliant Insurance Services Inc. urged a New York federal judge Monday to nix an order directing it to pay $26 million after a jury found that it had unilaterally lowered a property manager's coverage for Hurricane Sandy damage, contending that the evidence didn't support the verdict.
A federal jury has convicted a Florida man on charges that he issued phony bonds to federal agencies such the U.S. Department of Labor and the U.S. Department of the Army to insure government construction contracts.
Specialty insurance company Kinsale Capital Group Inc. set terms on Monday for a $90 million initial public offering, the same day radio frequency identification systems company Impinj Inc. tweaked its own $59.8 million IPO.
Illinois' Land of Lincoln Health will be shuttered following a recent announcement that it can't make good on a $32 million payment to the federal government, but health care experts say that it is Congress blocking of billions of dollars in promised payments to marketplace participants that has led to a wave of Affordable Care Act-created co-ops crashing nationwide.
An AIG unit told a Texas federal court Monday that its umbrella insurance policy doesn't cover a settlement that an agricultural product company reached to resolve an unfair competition lawsuit after a trial loss left it facing a $44.5 million judgment, saying the policyholder has misrepresented the policy terms to try to obtain coverage.
Eli Lilly & Co. on Friday asked an Indiana federal judge to quickly rule that its policy with Arch Specialty Insurance Co. included coverage of its Brazilian entity, which was the target of a suit by the Brazilian government over contamination from a former Lilly plant near Sao Paulo.
The Ninth Circuit refused Friday to rehear U-Haul's tossed coverage suit against National Union Fire Insurance Co. of Pittsburgh, Pa., dealing a blow to the rental-truck company's efforts to recoup $9 million spent defending against shareholder litigation involving the U-Haul founder’s family.
Temasek Holdings will offer to buy the shares it does not already own in Singapore subway operator SMRT, Malaysian state investment fund Khazanah Nasional could offer to acquire control of the insurance operations of Hong Leong Financial Group, and Ferro Corp. recently rejected two private equity takeover offers.
Hospital giant Dignity Health on Friday urged a California federal court to toss the American Civil Liberties Union’s suit accusing it of flouting anti-discrimination provisions of the Affordable Care Act and the Civil Rights Act by denying coverage for a transgender employee's transition surgeries.