Coverage that focuses on both the legal risks facing insurance companies, as well as how companies are using insurance to hedge risk. We cover health insurance and cyber insurance frequently.
By Allison Dunn | September 25, 2023
"Here, we have concluded that Wesco's contacts with Massachusetts are unrelated to the claims in this case, and that whatever indirect contact (if any) Wesco had with Massachusetts related to Pray's claims is insufficient to satisfy due process," Massachusetts Appeals Associate Justice Peter Sacks wrote for the unanimous three-judge panel.
5 minute read
By ALM Staff | September 25, 2023
This suit was surfaced by Law.com Radar. Read the complaint here.
1 minute read
By Emily Cousins | September 18, 2023
When Cigna released its second-quarter financial performance on Aug. 5, 2021, its stock dropped by 13%, and Ferrie "realized an approximately 236% profit of $16,039.78 on his investment of $6,782.05," the complaint said.
2 minute read
By James "Jay" Sadd and Richard E. "Rich" Dolder | September 15, 2023
Contrary to claims made in this space on Sept. 7, the law is not "needlessly complex." The law requires only that insurance companies act reasonably under the circumstances when they receive a valid offer to settle a claim against an insured.
5 minute read
By Colleen Murphy | September 12, 2023
"What I am suggesting is that we read the statute—and it could have been written better—to be sure," Chief Justice Stuart Rabner said.
6 minute read
By Edward K. Lenci | September 10, 2023
In this article, Edward K. Lenci highlights the McCarran-Ferguson Act and how federal circuit courts are presently split about whether it reverse-preempts the New York Convention.
8 minute read
By Jenny Hergenrother, Alan Pryor, John Lex Kenerly and Andy Tuck | September 7, 2023
To better navigate this needlessly complex area of law, insurers should have a good grasp on the current legal landscape surrounding the Holt rule, how intended "fixes" may not prevent bad-faith litigation, and best practices and considerations that are available when a Holt demand comes in the door.
7 minute read
By Adolfo Pesquera | September 7, 2023
The ruling hinged on the insurer's right under the policy to control the defense.
4 minute read
By Matthew D. Rosso and Elizabeth F. Vieyra | September 7, 2023
This article focuses on a just few of the many potential disputes that may arise with respect to indemnification under Pennsylvania law. Does the indemnification provision apply to claims for a party's own negligence?
8 minute read
By Emily Cousins | September 6, 2023
The defendants are "liable to Colt's for damages for wrongful failure to defend, in an amount to be proven at trial together with pre- and post-judgment interest, costs, attorneys' fees, and any consequential damages arising from [the defendant's] breach, including but not limited to Colt's legal fees and costs, the value of Colt's lost business opportunities, and any and all sums that Colt's may be required to pay in damages in the Gary Lawsuit regardless of policy limits," the complaint said.
4 minute read
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