LexisNexis® Legal Newsroom
    Insurance Seller's LinkedIn Emails Didn't Break Noncompete

    A former Bankers Life and Casualty Co. branch sales manager’s requests to connect with ex-colleagues on job networking site LinkedIn after he changed jobs did not violate his agreement not to solicit his former co-workers, an Illinois state appeals court ruled Monday.

    Insurers Want $6M Gift Card Hack Coverage Case Split Up

    Travelers Casualty and Surety and Federal Insurance Co. Monday asked a Missouri federal court to split off claims that they broke their contracts when they denied a marketing company’s $6 million claim for a data breach from the claims they did so in bad faith, arguing one does not necessarily imply the other.

    Regulatory Scrutiny In Insurance M&A Transactions Is Rising

    A new era of increased regulatory scrutiny over insurance company mergers and acquisitions transactions appears to be dawning, if recent events are any indication. In this environment, it would behoove potential acquirers to be well versed in current regulatory expectations to securing statutory approval of a deal, says Robert Fettman of Hogan Lovells US LLP.

    ACA Repeal Vote Delayed As Support Ebbs

    Republican leaders on Tuesday canceled plans to vote this week on legislation to dismantle much of the Affordable Care Act, bowing to diminished support after a damaging government report on the bill's impact.

    Standards Bodies Consult On Last Piece For Swaps Reporting

    Two global financial markets standard-setting bodies on Tuesday reached out to the industry for more help in formulating guidance that will standardize the types of trade data to be collected and reported to regulators in the over-the-counter derivatives market.

    UK Insurers Will Refuse Hard Brexit, Group Says

    U.K. insurers will not accept Britain leaving the European Union in March 2019 without a trade deal in place to ensure they can keep doing business, the head of the country’s top insurance lobby said on Tuesday.

    Treasury Preparing Rules To Help Britain Enter ILS Market

    Britain’s new financial services minister said on Tuesday that the government’s insurance-linked securities regulation would be finalized before Parliament enters its summer recess and that the regime should enter force by the autumn.

    EU Finalizes Plans To Counter Effects Of Flash Crashes

    National regulators and trading venues in the EU have been given increased power to suspend trading in the event of extreme market stress, following the publication of a set of guidelines finalized by Europe's top securities authority on Tuesday.

    Rules Of The Road For Accessing Capital In Europe

    Despite the advances of the European single market, there remains a confusing combination of EU and nation-specific rules governing the sale of fund products in Europe. Attorneys with Dechert LLP answer some commonly asked questions and explain how to sell alternative investment funds in the European Economic Area.

    Lloyd's Of London To Rein In Minimum Standards Reviews

    Lloyd’s of London, the world’s biggest specialty insurance market, said on Monday that it will conduct fewer minimum standards reviews of its agents and focus instead on helping underperforming syndicates to improve their underwriting.

    An Interview With Floyd Abrams

    It was a privilege to spend a half-hour on the phone with the nation's foremost First Amendment lawyer. Floyd Abrams and I discussed his career, his new book and what he sees in his free-speech crystal ball. And he was a very good sport when I asked if it is constitutionally protected to yell inside a move theater: “Citizens United is a terrible decision and should be set on fire,” says Randy Maniloff of White and Williams LLP.

    Law Firms Launch International Insurance Alliance

    British law firm BLM LLP has formed an alliance with firms in Europe, the U.S., India and Brazil to offer clients local expertise in insurance across continents, the company announced Monday.

    FSB Warns National Regulators Of Emerging Fintech Risks

    The finance watchdog for the G-20 group of nations said on Tuesday it believes there are minimal immediate risks surrounding emerging innovations in financial technology, but added it is watching the situation closely.

    FCA Sets Out Rules Banning Restrictive Contractual Clauses

    The Financial Conduct Authority finalized rules on Tuesday that will ban banks and other financial institutions from using clauses in primary market contracts which restrict a client’s choice of future providers, after it concluded that the practice hampers competition and does not benefit the customer.

    BOE Orders Banks To Boost Capital Buffers By £11.4B

    British lenders have been ordered to put aside an extra £11.4 billion ($14.5 billion) over the next 18 months by the Bank of England, which said on Tuesday it was raising a key capital buffer designed to protect against financial shocks amid concerns over spiraling consumer lending.

    Gov'ts May Ditch Terror Compensation Schemes, Pool Re Warns

    Governments around the world are weighing whether to hand state-backed compensation schemes for terrorist attack over to the private sector, which could give capital markets an important role to play in filling the gap, the head of the U.K.’s Treasury-backed insurer said in a video posted on Tuesday.

    Fla. Gov. Picks Close Ally In Choice Of Ex-Rep. As State CFO

    Florida Gov. Rick Scott on Monday announced former state Rep. Jimmy Patronis as his choice to be the state's next chief financial officer, calling the Panama City restaurant owner “my good friend” and touting his experience running a small business.

    The Firms That Won Big At The Supreme Court

    One firm went undefeated at the Supreme Court this term. Another built on last year’s winning streak. And some high court powerhouses took their lumps. Here, Law360 breaks down how the firms most frequently seen at oral arguments performed this term.

    7th Circ. Allows $6M Seized Plane Suit In Brazil To Go On

    A Brazilian man can’t end a suit in his native country over a $6 million loan in default just because 1st Source Bank is also suing him over the loan in Indiana federal court, the Seventh Circuit affirmed Monday, saying both suits can proceed simultaneously.

    IP Cases Led The Pack In High Court Amicus Briefs

    Intellectual property cases took four of the top 10 spots on Law360's ranking of the U.S. Supreme Court cases that attracted the most amicus briefs this term, as disputes involving issues like patent exhaustion and offensive trademarks each generated dozens of amicus filings.

    Excess Insurer Says Akorn Suit Doesn't Need To Move To Ga.

    Ironshore Specialty Insurance Co. on Friday asked an Illinois federal court to let its coverage dispute suit over a $20 million judgment against pharmaceutical company Akorn Inc. proceed, calling Akorn’s recent attempts to dismiss or stay the case a meritless procedural ploy.

    Ponzi Atty's Ex-Associate On Top After Malpractice Appeal

    A former associate of an Indiana attorney who stole millions from clients didn’t breach his ethical duties when he put off one his boss’ victims as she tried to collect $50,000 in settlement cash, a state appeals court ruled Friday.

    Startup To Launch Life Insurance Tech In FCA Testing Ground

    A U.K. financial technology company chosen in the Financial Conduct Authority’s latest wave of firms to join its regulatory testing scheme said Monday it will use the watchdog’s innovation program to launch an employee benefits life insurance technology.

    Bucking Tradition: NewLaw And The Coming Millennials

    What law firms should be learning from a number of recent surveys is that they will not be able to rely on the never-ending flood of associate candidates their business model demands as long as they require them to dedicate all day, most nights, every weekend and all holidays to firm business, says Jill Dessalines, founder of Strategic Advice for Successful Lawyers and former assistant GC at McKesson Corp.

    Insurer Seeks To Move Fla. Country Club’s Suit To Fed. Court

    Zurich American Insurance Co. on Friday moved to Florida federal court a country club’s lawsuit accusing the insurer of failing to honor two policies it says should cover the club for $2.5 million of defamation claims brought by two people who allege the club slandered them.