LexisNexis® Legal Newsroom
    Hobby Lobby Moots Co.'s Contraception Rule Case: 7th Circ.

    The Seventh Circuit on Friday vacated an injunction blocking the Affordable Care Act’s pre-Hobby Lobby contraceptive mandate for for-profit employers, noting the grounds for such relief were mooted when Congress amended the ACA to shield religious beliefs after the high court ruled on the case.

    High Attack Risk Means Firms Must Explore Ransomware Options

    The “lose-lose” position a Rhode Island firm found itself in last year — its computer systems held hostage by hackers, with no viable backup of client files in hand — illustrates the need for firms of all sizes to have a plan in place to respond quickly to a ransomware attack, experts said.

    Avis, Insurer End Suit Over $23.5M Crash Verdict Coverage

    Avis and ACE Insurance have mutually agreed to dismiss a lawsuit alleging the insurer has improperly refused to provide coverage in two personal injury actions, including one case in which a jury returned a $23.5 million verdict against the car rental company, according to a stipulation filed in New Jersey federal court on Thursday.

    Lexington Dodges $3M Sandy Coverage Due To Late Claim

    A Delaware Superior Court judge on Thursday found a New York property owner waited too long to file suit against Lexington Insurance Co. over coverage of $3.2 million in Superstorm Sandy damages.

    8th Circ. Won't Revive Marina Owner's Storm Coverage Bid

    The Eighth Circuit on Friday affirmed a lower court's ruling that Lloyd's of London underwriters don't have to cover an Arkansas marina's losses from the destruction of several docks during a 2011 storm, holding that the flood exclusion in the company's policy clearly bars coverage.

    FCA Tweaks Insurance Rulebooks For Claims Reforms

    The U.K. Financial Conduct Authority proposed changes to its rulebooks on Friday regarding reforms to insurance claims handling that will go into force on Aug. 1.

    Hunton & Williams Steers $375M New York Financing Deal

    Hunton & Williams LLP represented DTH Capital, which is partly owned by a subsidiary of AG Insurance, and Rose Associates in connection with their $375 million mezzanine loan and mortgage for a residential, hotel, restaurant and retail property in New York, according to an Thursday announcement from Hunton & Williams.

    Admiral Reaches Deal To Avoid Coverage In Med Mal Suit

    Admiral Insurance Co. has reached a quick settlement with a Florida medical center that it sued to avoid coverage of a medical malpractice lawsuit brought by the wife of a deceased patient, with the center agreeing that Admiral doesn’t have to defend or indemnify it in the underlying litigation.

    CMS Final Rule Does Not Answer Insurers' Biggest Questions

    The Centers for Medicare and Medicaid Services recently released a final rule intended to stabilize exchange markets for 2018. However, the rule does not resolve ongoing uncertainty regarding cost-sharing reduction funding, among other concerns, and this uncertainty will likely overshadow any stabilizing effects, say attorneys with McDermott Will & Emery LLP.

    PRA Helps Insurers Lower Solvency II Capital

    The U.K. Prudential Regulation Authority directed insurers on Friday on how to minimize their exposure to tough new capital requirements being phased in under the European Union’s controversial Solvency II rulebook.

    The Mediator’s Proposal As A Tool For Litigants

    Mediators’ proposals, which call for an unconditional and confidential acceptance or rejection, are resolving high-value disputes on a regular basis. Dennis Klein of Critical Matter Mediation examines why this is happening and the tactical implications for litigants in anticipating that a mediator’s proposal could resolve litigation.

    BREAKING: Anthem Loses Appeal In $54B Cigna Merger Case

    Anthem Inc. on Friday lost its bid to overturn a decision that blocked it from proceeding with its $54 billion merger with Cigna Corp., after a split D.C. Circuit panel was not convinced by the insurer’s argument that the transaction should go through because it would generate savings for consumers.

    UK Bill Targeting Money Launderers, Tax Cheats Becomes Law

    Key legislation targeting money laundering and tax evasion has passed into U.K. law after it was granted royal assent late Thursday, having been accelerated through Parliament following Prime Minister Theresa May’s decision to call a snap general election.

    Bank Of England Finalizes Implementation Of MiFID II

    New European Union financial rules cleared one of the last remaining hurdles before entering U.K. law on Friday as the Bank of England’s watchdog finalized how the rulebook will be implemented by Britain’s financial services sector when it takes force in 2018.

    EIOPA Guides Insurers On Solvency II Reporting

    Europe’s top insurance regulator issued its latest detailed advice Friday on how insurers should use templates to report data to watchdogs under the European Union’s sweeping capital rulebook for indemnities.

    $9.6M Birth Injury Award Tossed Due To Lack Of ACA Info

    A California appeals court on Thursday tossed a jury's $9.57 million award to a boy who suffered a brain injury at birth for his future medical expenses, ruling the jury should have heard evidence about the benefits he could obtain under the Affordable Care Act and Medicaid.

    GAO Urges Overhaul Of Federal Flood Insurance Program

    Significant reforms will be necessary to reduce the federal government's exposure to losses under the National Flood Insurance Program, the Government Accountability Office said in a report released Thursday, recommending premium hikes and corresponding assistance programs, as well as measures to increase the number of private flood insurers.

    Christie Targets Horizon's Salaries In Health Reform Bill

    New Jersey Gov. Chris Christie took aim at Horizon Healthcare’s Medicaid arm Thursday in proposing legislation that would authorize the state to probe insurers’ potential breaches of obligation to subscribers, citing the “millions” the taxpayer-supported charity’s executives collect in compensation while others struggle to afford health care.

    NY Law Sinks RICO Claims In Appeal In Hedge Fund Suit

    A New Jersey appeals court on Thursday affirmed the dismissal of Racketeering Influenced & Corrupt Organizations claims in a lawsuit alleging a network of investment professionals forced an insurer’s financial ruin, finding that New York law, which doesn’t allow private civil RICO claims, applied because the alleged wrongdoing was concentrated in the Empire State.

    Insurer Denied Builder Defense In Bad Faith: Wash. Justices

    Washington state's high court ruled Thursday that ProBuilders Specialty Insurance Co. refused in bad faith to defend a builder against claims a homeowner was sickened by carbon monoxide released from an improperly installed water heater, holding that a pollution exclusion in ProBuilders' policy does not erase coverage.

    ACA Watch: Health Groups Balk At Revamped Repeal Bill

    Major health care groups are bringing out the knives as the Trump administration and House Republicans rejigger legislation to largely repeal and replace the Affordable Care Act, saying newly announced changes do not strengthen the bill and may actually weaken it.

    Insurer Sues 2nd Insurer Over Spoiled Pizza Hut Brownies

    A casualty insurer has sued another insurer in New York federal court to recover a portion of $1 million it paid to cover a brownie baker’s product-contamination losses after two incidents where Pizza Hut customers reported foreign objects in their food, saying the other insurer has paid nothing to date.

    Pakistani Restaurant Owner Admits To Immigration, Tax Fraud

    A Boston-area restaurant owner and Pakistani national pled guilty Wednesday in Massachusetts federal court to tax and insurance fraud at his 11 eateries, also admitting that he had committed visa and immigration fraud in an unlawful bid to remain in the United States.

    Expectations After The Trump Administration's First 100 Days

    In its first 100 days, the Trump administration had mixed results and may be behind where it wants to be. The biggest threat to President Donald Trump’s domestic policy agenda beyond the first 100 days is the difficulty of reconciling the Freedom Caucus Republicans, moderate Republicans and Democrats, say Jim Flood and Cari Stinebower of Crowell & Moring LLP.

    Lexington Wins Right To Arbitrate Exxon Coverage Fight

    A Texas appellate court Thursday sided with Lexington Insurance Co. in its coverage dispute with ExxonMobil Corp. over whether an umbrella policy provided Exxon coverage for an April 2013 death at its Beaumont refinery, holding that an agreement between the parties calls for the claims to be arbitrated.