Crum & Forster on Thursday urged Florida's high court to rule that a construction defect claim notice does not constitute a suit triggering an insurer's defense obligations, asserting that a ruling to the contrary could reduce the availability of liability insurance for builders and drive up premiums.
Steadfast Insurance Co. on Thursday continued its quest to have a federal judge order Technichem to reimburse a $50,000 deductible after the insurer paid nearly $1.7 million to defend the company against claims over hazardous dry-cleaning materials that leaked from its California warehouse.
A Texas federal judge ruled Friday that the insurer for CVS Caremark Corp. predecessor Revco D.S. Inc. must pay $15 million toward a settlement of a class action lawsuit over injuries and deaths tied to the toxic vitamin solution E-Ferol, holding that Revco's policy covers claims based on its negligence in the manufacture and distribution of the product.
Currently, little is known for certain about how Trump's administration will influence the insurance industry. However, Thomas Rohback and Patricia Carreiro of Axinn Veltop & Harkrider LLP discuss some of the potential challenges and opportunities likely to arise once Trump comes into office.
Insurer Atlantic Casualty sued a Spokane, Washington, smoke shop Thursday in an effort to avoid covering the smoke shop after a customer’s e-cigarette blew up in her face.
The U.S. Environmental Protection Agency on Friday proposed a rule that would require owners and operators of hardrock mining facilities to prove they’re financially capable of paying for cleanup or reclamation efforts associated with their businesses.
The Texas Supreme Court on Friday refused to reconsider a decision in which it axed a $72 million judgment against a drilling company's insurers linked to the death of an oil rig worker.
Great American Insurance told a Missouri federal judge Thursday that a 2014 zip line accident at a Missouri Baptist conference center occurred on a part of the property not covered by its policy, therefore no coverage exists toward an underlying personal injury suit and quick judgment is in order.
Technology so quickly outpaces regulation, and it’s imperative governments at every level find that sweet spot where the public is reasonably protected but innovation isn’t stifled. If the U.S. doesn’t get this balance right, other governments will, says Joshua Walker, general counsel and project executive for A3 by Airbus Group.
Nearly two-dozen founders and investors of a physician-owned health care facility in Dallas have been charged in connection with roughly $40 million in bribes and kickbacks paid for patient referrals, according to a federal indictment unsealed Thursday in Texas federal court.
A New Jersey state judge has ruled that an insurer may exhaust a policy to settle claims against a security company over the fatal shooting of an attorney at a mall, even if that settlement does not end claims against the mall's owners.
Covington & Burling LLP partner Marty Myers recently helped World Fuel Services, one of the largest suppliers of fuel and oil products on the planet, score a $24.5 million award for insurance coverage related to a $17 million marine cargo loss off the coast of West Africa, landing him a spot on Law360’s 2016 list of Insurance MVPs.
Boston Life told a Florida federal court Thursday that it has reached a agreement to drop a marketer and several parties from its $180 million lawsuit claiming a conspiracy to knock off one of the insurer's products, but said claims will continue against Greenberg Traurig LLP, KPMG and others.
An economist hired by Anthem Inc. assured a D.C. federal judge Thursday that the health insurer’s $54 billion merger with Cigna Corp. would generate $2.4 billion in cost savings that will benefit customers, providing a key defense to a U.S. Department of Justice suit claiming the deal is anticompetitive.
Geico acted in bad faith by not completing a settlement with the family of a woman killed amid a road rage incident involving a policyholder who was ordered to pay the family $4 million in an underlying case, a Florida federal jury determined Thursday in Tampa.
A federal magistrate judge in Washington state found Wednesday that a homeowner policy doesn't cover the full replacement cost of a dock damaged in a windstorm because it's not a "building" according to the dictionary definition.
Florida's high court gave policyholders relief with its ruling Thursday that an entire property insurance claim may be covered where there are multiple concurrent causes of loss and at least one is covered under a policy, but insurers may still be able to defeat claims if they can show that an excluded risk prompted a chain of events causing damage, attorneys say.
A shareholder of Patriot National Inc., which provides administrative services to insurance companies, has sued the company in Delaware based on allegations that its CEO made a series of detrimental decisions to retain control.
Starting Monday, Aetna and Humana will face off in court with the U.S. Department of Justice over their proposed $37 billion merger, and the crucial question of how to define the markets that could be affected by the transaction will be front and center in the fight.
Two mortgage brokers once among the largest in the nation and their CEO must pay a $93 million verdict that is subject to trebling after a Houston federal jury ruled they tricked the federal government into covering thousands of risky loans.
The Supreme Court of South Dakota on Wednesday reignited a dispute over whether Western National Mutual Insurance Co. owes coverage toward underlying claims that a construction company was to blame for a set of poorly built grain bins, finding that a lower court erred by applying certain policy exclusions.
The American Hospital Association is urging President-elect Donald J. Trump not to repeal the Affordable Care Act until a replacement plan is ready for approval, warning that “significant instability” could otherwise ensue.
Employment practices liability insurance policies often cover wrongful termination claims, but they are much less likely to provide coverage for "wrongful hiring" claims, when companies provide employment favors to families with powerful connections, says Evan Bundschuh of Gabriel Bundschuh & Associates Inc.
The Florida Supreme Court ruled Thursday that policyholders may obtain coverage for an entire property insurance claim where there are multiple concurrent causes of loss and at least one is covered under a policy, agreeing with a decades-old precedential appellate decision.
Allstate Insurance Co. on Tuesday agreed to pay $600,000 to end a suit brought by the district attorneys of Los Angeles, San Diego and Riverside alleging the insurer falsely advertised an “accident forgiveness” program in California that is forbidden by state law.