LexisNexis® Legal Newsroom
    $12B ACA Case Strengthened By Trump Budget, Insurers Say

    Health insurers on Friday told the Federal Circuit that their legal fight for $12 billion in Affordable Care Act funds has been strengthened by a Trump administration budget request that suggests the funds are an obligation of the federal government.

    New FCA Ruling Puts Medicare Advantage Plans On Alert

    A new False Claims Act ruling involving UnitedHealth Group Inc. is a clear warning that Medicare Advantage insurers may face massive penalties for ignoring questionable patient diagnoses and failing to return related government payments.

    Travelers Let Off The Hook In Lease Row Over Roof Damage

    A Colorado judge let Travelers off the hook Friday from having to defend a college from a landlord’s claim that it failed to repair roof damage, saying the dispute was a breach of contract claim not covered by the policy.

    Honda Sued By Insurer Over Damage From Odyssey Fire

    Metropolitan Property and Casualty Insurance Co. has sued American Honda Motor Co. in New Jersey state court over a policyholder's car and house damage after a Honda Odyssey minivan allegedly burst into flames.

    A Look At US And EU Fintech Regulatory Frameworks

    The regulatory fragmentation on the federal level, and at the U.S. state and EU member state levels, presents challenges and uncertainty for many fintech companies. The resolution of these uncertainties will directly impact the evolution of this sector, say attorneys with Skadden Arps Slate Meagher & Flom LLP.

    Ex-Micronesian Leader Hits The Rocks In Coral Reef Suit

    The High Court in London has ordered the former president of Micronesia and two associates to pay nearly £52,000 ($73,000) in costs following a dispute over a ship that allegedly hit a coral reef in Micronesian waters, according to documents seen on Friday.

    How Emerging Sources Of ESI Will Impact Discovery

    Late last year, the Sedona Conference released the third edition of its principles addressing electronic document production, updated to account for innovations like Snapchat and Twitter. It may be necessary for these principles to be updated more often in order to keep pace with technology, says Charles McGee III of Murphy & McGonigle LLP.

    Consider Base Outside UK, EY Tells Insurance Brokers

    U.K. insurance brokers should decide swiftly whether to set up a new European subsidiary to keep business channels open after Brexit, Ernst & Young and a leading industry lobby have warned.

    Hiscox Escapes Trial As Illness Halts Data Protection Case

    The Crown Prosecution Service will not seek a retrial in its case against Hiscox Underwriting Ltd. over alleged breaches of data protection laws, because a key witness has fallen ill and will not be able to give evidence, a London court heard Friday.

    Financial Adviser Linked To British Steel Close To Default

    The U.K.'s statutory compensation program is preparing to declare Active Wealth (U.K.) Ltd. in default after the firm came under scrutiny for advice it gave to members of the troubled British Steel Pension Scheme.

    EquiTrust Hit With Suit Over Unauthorized Payout Fees

    EquiTrust Life Insurance Co. was hit with a putative class action in Florida federal court Wednesday by two policyholders who claim the company charges fees that aren't authorized in policy provisions when customers surrender or redeem their life insurance policies.

    Insurers Cleared To Subpoena Asbestos Claim Info In Ch. 11

    A New York bankruptcy judge has told Rapid-American Corp. it can’t stop the trio of insurance companies it claims failed to cover it from asbestos claims from subpoenaing the company’s claims handlers.

    Calif. Court Revives Insurance Row Over Bingo Device Fire

    A California appeals court found Wednesday that a lower court wrongly dismissed a bingo device supplier’s suit against its insurer stemming from a London fire started by a battery in a device, saying there is a potential for coverage in the future.

    10th Circ. Split Adds Wrinkle To NY Faulty Work Coverage Law

    The Tenth Circuit recently held under New York law that general contractor Black & Veatch Corp.'s liability policy covers damages resulting from a subcontractor's shoddy work, wading into an unsettled area of Empire State jurisprudence and likely setting the stage for the state's highest court to weigh in on the issue.

    Regulators To Review Enhanced Oversight Of Prudential

    U.S. financial regulators on Wednesday announced plans to review the designation of Prudential Financial Inc. for enhanced regulatory supervision, potentially paving the way for removing the insurer and asset manager from its designation as a systemically important financial institution.

    Kanye West, Lloyd's End $10M Row Over Canceled Shows

    Pop star Kanye West’s touring company and syndicates of Lloyd’s of London on Wednesday resolved their California federal court dispute over $10 million worth of coverage for shows he canceled after reportedly having a mental breakdown last year.

    Put The Brakes On Acceleration Bay Litigation Funder Ruling

    Last week, the District of Delaware raised eyebrows by ruling that documents provided to a litigation funder and its counsel in connection with their due diligence are categorically not attorney work product. Acceleration Bay v. Activision Blizzard seems to be a case of bad facts making bad law, says David Gallagher, investment manager and legal counsel for Bentham IMF.

    How Corporate Policyholders Can Prepare For Earthquakes

    With some predicting that 2018 will see a significant increase in the number and severity of earthquakes worldwide, corporate insureds may do well to accelerate their review and expansion of policy terms to address this important risk, says Micah Skidmore of Haynes and Boone LLP.

    Watchdog Eyes If UK Insurers Use Big Data For Profiling

    The Financial Conduct Authority is preparing to publish a report by June on how insurers use Big Data sources for pricing their policies, including whether decisions are influenced by the names or addresses of insurance customers.

    FCA Proposes Global Fintech 'Sandbox' To Boost Innovation

    The U.K.’s Financial Conduct Authority has set out plans to allow innovators in the financial sector to test new products and services in multiple jurisdictions without the burden of regulation, building on its four-year-old domestic "sandbox" scheme.

    A Chat With Hogan Lovells CHRO Allison Friend

    In this monthly series, legal recruiting experts Amanda Brady and Amy Mallow of Major Lindsey & Africa interview law firm management from Am Law 200 firms about how they are navigating an increasingly competitive business environment. The second conversation is with Allison Friend, chief human resources officer for Hogan Lovells LLP.

    Pension Scheme Says Debt Regs No Defense For Shipping Co.

    A pension trustee company has said in new High Court filings that debt regulations a Chinese shipping company is relying on to dodge payment of around £6.4 million ($9 million) do not apply, and that the defendant is liable to pay the debts.

    Lloyds Bank Pulls £109B Plug On Standard Life Aberdeen

    Lloyds Banking Group said Thursday it is terminating its contract with asset manager Standard Life Aberdeen, which manages a £109 billion ($153.5 billion) portfolio for two Lloyds subsidiaries, citing competition concerns.

    Lawmakers Urge Regulators To Act On Steel Pensions Scandal

    A U.K. parliamentary committee on Thursday called on British regulators to take urgent action to help members of the troubled British Steel Pension Scheme, warning that a misselling scandal is erupting on transfers out of the plan.

    NY Cybersecurity Rules Will Be Enforced As They Mature

    New York's financial regulator has been relatively quiet since first-of-their-kind cybersecurity rules took effect last year, but attorneys expect that the first wave of compliance certifications due Thursday and looming deadlines to implement more technically complex aspects of the regulation will trigger an enforcement blitz.