LexisNexis® Legal Newsroom
    Hanover Sued To Cover Costs From Dershowitz Defamation Case

    Hanover Insurance Group was hit with a suit in Florida federal court Friday by another insurer for indemnity of legal costs for famed lawyer Alan Dershowitz stemming from allegations that he defamed two lawyers who represented a woman who accused him of having sex with her when she was underage.

    Iowa Justices Should Weigh Faulty-Work Coverage, Court Told

    A window and door manufacturer that's suing Liberty Mutual for coverage of product liability claims urged a federal judge on Friday to seek the Iowa Supreme Court's input about whether damages to other property stemming from a policyholder's faulty workmanship can be covered under a commercial general liability insurance policy.

    Humana To Largely Drop Out Of ACA Marketplace

    Humana Inc. will be pulling out of “substantially all” state marketplaces created under the Affordable Care Act, likely leaving all but 11 states, the insurer said on Thursday in an earnings report.

    Lawyer Denied Texas High Court Review Of Ex-Client Row

    The Texas Supreme Court on Friday declined to review a lawyer’s argument that the receiver for one of his former clients, an insolvent insurer, must arbitrate an attempt to recoup fees allegedly paid to the attorney to represent the insurer’s management in claims that had nothing to do with the company.

    11th Circ. Urged To Get Fla. Court's Input On Insurance Row

    A private equity firm has asked the Eleventh Circuit to seek the Florida Supreme Court's guidance on whether an insurance company accused of its breaching its obligations to a policyholder can be excused from those duties if a third party steps in and pays the insured's losses.

    Bear Stearns Didn't Need Insurers' OK For Settlement: Judge

    A New York state judge has ruled that Bear Stearns did not necessarily trigger an exclusion to its insurance policy by entering a settlement with the Securities and Exchange Commission in 2006 without its insurers' permission, as the insurers had already made clear they were denying the claim.

    Budget Customers Denied Cert. In Damage Insurance Row

    A Pennsylvania federal judge on Thursday slapped down a customer’s attempt to win class certification in her car-rental insurance suit against Budget Rent A Car System Inc. and its debt collector, finding that she failed to prove members had common issues when she had years to perfect the bid.

    BREAKING: Ex-Fox Rothschild Atty Gets 6 Months For Insider Trading

    A former Fox Rothschild LLP attorney was slapped with a six-month prison sentence on Friday following his conviction on charges that he used insider information to trade ahead of a $760 million insurance industry merger his firm was helping to handle.

    5th Circ. Says Coverage Of University Building To Be Split

    The Fifth Circuit held in a published decision Thursday that Southern Insurance Co. has to help cover the cost of repairing a University of Southern Mississippi building that was damaged by a tornado, but Affiliated FM Insurance Co. has to chip in as well.

    State Law Claims Nixed In Auto Shops' Insurer Antitrust Suit

    Insurers who already escaped antitrust claims brought by Utah auto body shops in multidistrict litigation accusing them of conspiring to manipulate car repair costs won dismissal Thursday of almost all remaining state law claims, which a Florida federal court found to be insufficiently pled.

    Protostorm Takes Malpractice Coverage Row To 4th Circ.

    Protostorm said on Thursday it intends to appeal to the Fourth Circuit a federal judge's ruling that a Virginia law firm's malpractice insurance policy for $5 million, not $10 million, applies to a verdict for botching a client’s online game patent.

    Pitt Project Architect's Insurance Notice Deficient, Judge Says

    A New York federal judge on Thursday declined to grant the University of Pittsburgh quick judgment in its dispute with Lexington Insurance over coverage of a delayed $40 million campus project, finding that Lexington’s policyholder, the architect in charge, failed to properly notify its insurer of a potential claim.

    Travelers, Trelleborg Battle Over Cleanup Cost Claims

    Travelers Insurance on Thursday opposed a bid by Trelleborg Automotive for a quick decision that coverage was owed for environmental remediation costs at an auto parts manufacturing facility, telling a Michigan federal judge that facts are lacking, while Trelleborg in its own opposition accused the insurer of ignoring the facts. 

    State Lawmaker Wins Suit Over ACA Contraceptive Mandate

    A Missouri federal judge granted a win to a state lawmaker and his wife suing the government over the Affordable Care Act's contraceptive mandate, finding that the law requiring insurance plans to provide such coverage in their plan violates their rights under the Religious Freedom Restoration Act.

    5th Circ. Axes Insurers' Win In Botched Oil Well Dispute

    The Fifth Circuit on Thursday reversed and remanded a Louisiana federal judge's decision that a pair of insurers owed Solstice Oil & Gas I LLC no coverage for a $12 million loss after a contractor shoddily drilled an oil well.

    Liberty Mutual Unit Escapes Coverage Of Collapsed Home

    A Liberty Mutual company that insured a Washington, D.C.-area builder won’t have to pay for damage that was mostly caused by mistakes made by the policyholder in renovating the basement of a row house, a federal judge in Virginia ruled Thursday.

    DOJ Leaves Little Room To Salvage Health Insurance Deals

    The U.S. Department of Justice on Thursday filed lawsuits to block two health insurance mega-mergers that would reshape the industry, and experts said the companies have slim chances of saving the deals before heading to trial or abandoning them altogether.

    Saul Ewing Adds Insurance, Litigation Pro From Debevoise

    Saul Ewing LLP has enhanced its litigation and insurance practices with the addition of a longtime Debevoise & Plimpton LLP partner who focuses on disputes involving high-exposure insurance coverage, products liability litigation and other mass torts, the firm has announced.

    MF Global Inks $159M Deal To End Exec And Customer Rows

    Bankrupt commodities firm MF Global asked a New York bankruptcy judge on Wednesday to sign off on a $159 million deal that would end multidistrict litigation including both the firm's claims against its executives and customer suits against the brokerage.

    Feds Wants Input On ACA Birth Control Compromise

    The federal government is seeking ideas on how to comply with the U.S. Supreme Court’s order to compromise with religious nonprofits that claim the Affordable Care Act’s birth control mandate violates the Religious Freedom Restoration Act, according to a request for information set to be published on Friday.

    Lehman Unit Wants To Cross-Check Assured In $1.4B Fee Fracas

    A bankrupt subsidiary of Lehman Brothers Holdings Inc. attempted Thursday to cross-check Assured Guaranty Ltd. away from its goal of summary judgment in a $1.4 billion fee dispute case in New York state court over the early termination of mortgage-linked securities transactions, causing the insurer to drop the gloves and note that, unlike Lehman, "We are still in business."

    Insurer Says It Needn't Cover $17M Hydrofracturing Claims

    American Home Assurance Co. filed suit in Pennsylvania federal court Thursday arguing that its policies don't cover litigation claiming Superior Well Services Inc. cost a natural-gas well operator more than $17 million by using allegedly defective materials to provide hydrofracturing services.

    Life Partners Seeks Nod On $10M In New Ch. 11 Financing

    Life Partners Holdings' court-appointed trustee asked for approval Wednesday from a Texas bankruptcy judge to approve $10 million in new Chapter 11 financing from life settlement adviser Vida Capital.

    Condo Co. Seeks $45M From AIG Subsidiary In Insurance Row

    A development company and the condo owners who sued it for shoddy redevelopment have taken AIG subsidiary Illinois National Insurance Co. to South Carolina federal court, alleging that the insurer ignored the underlying lawsuit and must indemnify the developers for the $45 million they still owe residents.

    Venture Investor Once Dubbed 'Porn's New King' Cops To Fraud

    A man best known for a decade-old online porn payment-processing deal pled guilty Thursday to four charges in Manhattan federal court, admitting to a role in a $20 million fraud scheme in which he paid an adviser to steer investment dollars toward his family's reinsurance company in exchange for payments investors didn't know about.