LexisNexis® Legal Newsroom
    Pensions Watchdog Ignored Pleas Over Carillion Deficit

    The scandal surrounding Carillion PLC, the construction giant which collapsed in January, deepened on Tuesday as it was revealed that Britain’s pensions regulator twice failed to act on requests to intervene from trustees of the firm's retirement scheme.

    UK Appeals Court Nixes Insurers' Bid To Cut Shipping Loss

    A U.K. appeals court on Monday rejected an attempt by a group of insurers to overturn a lower court’s ruling that Connect Shipping Inc. is entitled to claim £12 million ($16.8 million) in losses after one of its ships caught fire while on a voyage near the Red Sea near Egypt in 2012.

    US, UK Watchdogs Extend Special Relationship To Fintech

    The U.K.’s Financial Conduct Authority said Monday it has sealed an agreement with the U.S. Commodity Futures Trading Commission to coordinate innovation in financial technology, a step the regulators hope will ease mutual market access.

    Insurer Attacks 'Artificial' Defense Over Faulty Roof Job

    Great Lakes Insurance SE has said a loss adjuster’s defense in a £2.5 million ($3.5 million) lawsuit against it over a botched repair job is “highly artificial" and does not provide a realistic assessment of the firm’s responsibility for faulty renovations to the roof of a listed building.

    Surveyor Settles With Insurers In £5M Mortgage Settlement Suit

    Countrywide Surveyors Ltd. has settled a claim it brought against a group of insurers over their refusal to pay out £5 million ($6.5 million) which the surveyor paid to mortgage lenders to end a dispute concerning 72 wrongly valued properties, according to court documents.

    FCA Reports Surge In 'Clone' Fraud Warnings To Consumers

    The Financial Conduct Authority revealed on Monday that the number of fraudulent "cloned" companies it has warned U.K. consumers about leapt by approximately 25 percent in 2017.

    U.K. Insurance Body Beefs Up Board For Fraud Fight

    A nonprofit watchdog group dedicated to helping the U.K. insurance industry fight organized fraud networks on Monday tapped Zurich Insurance and Allianz to add two senior executives to its board.

    Watch Out For Sale of Arcadia, MPs Tell Pensions Regulator

    A parliamentary committee is to urge the U.K. pensions regulator to be ready to respond following reports that colorful millionaire Sir Philip Green may sell his retail empire, which is burdened with a £565 million ($791 million) pension deficit.

    Driver Exits Suit Over Drug-Fueled Crash Post-Settlement

    The Illinois Supreme Court on Friday affirmed two lower court opinions that allowed an intoxicated driver who caused a car crash that permanently injured a woman to settle with her and exit the suit, against the objections of a company whose truck driver was also involved in the accident.

    Brand Battles: Lee Greenwood Appeals 'God Bless The USA' TM

    In Law360’s latest roundup of new actions at the Trademark Trial and Appeal Board, country singer Lee Greenwood appeals after being refused a registration on the name of his most famous hit, Major League Baseball welcomes spring training by aiming to block a "Spring Training" mark, and Allstate takes its "Drivewise" battle with Kia to the board.

    Health Care-Focused Blank Check Co. Prices $250M IPO

    Blank check company DFB Healthcare Acquisitions Corp., formed by investment firm Deerfield Management and led by a longtime health insurance CEO, said it raised $250 million in an initial public offering Friday to support the intended acquisition of a health care business.

    Insurer Says Utah Bank, Finance Co. Can't Duck Award

    Allied World Assurance urged federal courts in Utah and New York on Thursday to confirm an international arbitration award against the Bank of Utah and a finance company valued at $424,392 and argued that the separate cases should not be consolidated.

    Kindred Investors Seek To Stop Humana's $4.1B Acquisition

    A proposed class of Kindred Healthcare Inc. shareholders filed a memorandum Friday in Delaware federal court supporting their motion to halt the progress of a $4.1 billion acquisition of the company by Humana Inc. and two private equity firms until alleged deficiencies in a proxy statement are cured.

    Are Insurance Lawyers Ready For The ‘Year Of The Phish’?

    Social engineers who hack humans instead of computers are predicted to make this the “Year of the Phish,” and their evolving scams may well be outpacing your clients’ fraud coverage.

    Texas Justices Take Up Arbitration Question In Crop Case

    The Texas Supreme Court on Friday agreed to weigh whether Jody James Farms must arbitrate its dispute with insurance agency The Altman Group over an unpaid 2010 crop damage claim, after JJF argued there was no arbitration agreement between the parties.

    $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.