The Legal Intelligencer | News
By Amanda Bronstad | December 16, 2020
The U.S. Judicial Panel on Multidistrict Litigation ordered coordination of about two dozen lawsuits bringing business interruption claims against Erie Insurance to the Western District of Pennsylvania. The panel also sent a dozen cases against Generali, which provided insurance for bookings on vacation rental site Vrbo, to the Southern District of New York.
New York Law Journal | Analysis
By David M. Barshay | December 10, 2020
In his No-Fault Insurance Law Wrap-Up, David M. Barshay discusses recent decisions, including a denial of an insurer's summary judgment motion in a case where a motor vehicle accident was allegedly staged.
By Amanda Bronstad | November 24, 2020
The U.S. Judicial Panel on Multidistrict Litigation is set to hear oral arguments Dec. 3 on whether to coordinate business interruption cases against Erie Insurance, or lawsuits against travel insurer Generali tied to canceled Vrbo bookings.
New York Law Journal | Expert Opinion
By Nicholas Klein, Gabriel Gershowitz and Prakash (PK) Paran | November 19, 2020
A look at how certain U.S. insurance sector transactions—which may be seen more frequently due to the current macroeconomic environment—may trigger a review by the Committee on Foreign Investment in the United States.
New York Law Journal | Analysis
By Howard B. Epstein and Theodore A. Keyes | November 16, 2020
In their Corporate Insurance column, Howard B. Epstein and Theodore A. Keyes discuss a unanimous decision from October, in which the Delaware Supreme Court reversed a trial court ruling and held that an appraisal action is not a "Securities Claim" as defined in the applicable D&O liability insurance policy. Consequently, the court ruled that the insured was not entitled to coverage for defense costs and pre-judgment interest incurred in connection with an appraisal proceeding.
New York Law Journal | Analysis
By Evan H. Krinick | November 5, 2020
Discovery plays an important role in an insurer's ability to successfully prosecute a 'Mallela' fraud case. In his Insurance Fraud column, Evan H. Krinick discusses the standard that insurers bringing a 'Mallela' action generally must meet to be able to obtain discovery from third parties and reviews two recent court decisions applying that standard.
By Greg Land | November 2, 2020
An insurer for convicted orthopedist Spyros Panos, who pleaded guilty to new charges of fraud and identity theft Friday, was ordered to pay $16.8 million to allay some of a $141 million arbitration award to 250 former patients.
By Tom McParland | October 23, 2020
Acting U.S. Attorney Audrey Strauss said in a statement that the U.S. had uncovered "overwhelming evidence" that the insurance company's financial products unit had used the complex transactions to generate bogus credits on foreign taxes that it did not actually pay.
New York Law Journal | Analysis
By David M. Barshay | October 7, 2020
Certain ground rules contained in the revised fee schedule (requiring that chiropractors, podiatrists and psychologists bill only under their own respective fee schedules), however, took effect for no-fault claims on April 1, 2019, writes No-Fault Insurance Law Wrap-Up columnist David M. Barshay.
New York Law Journal | Expert Opinion
By Joshua Gold | October 2, 2020
Almost all modern commercial crime policies contain in the body of the form an express promise of insurance coverage for losses directly resulting from "computer fraud." Unfortunately, many crime insurance companies fight computer fraud insurance claims regularly.
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