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The U.S. Securities and Exchange Commission is investigating the circumstances behind the $15 billion General Electric Co. is adding to reserves for its reinsurance arm after it reassessed the rising cost of claims made under long-term care policies, the company said on Wednesday.
A district court erred when it found that $500,000 in damages caused by tenants who converted several warehouses to grow marijuana didn’t constitute “vandalism” and therefore the damages weren’t covered under an insurance policy, KVG Properties Inc. told the Sixth Circuit on Tuesday.
The Archdiocese of Hartford, Connecticut, on Tuesday asked the Second Circuit to find that Interstate Fire and Casualty Co. has a duty to cover settlements with victims who say they were sexually abused by priests, rebutting the insurer’s argument that those claims were excluded from the policy.
Reed Smith LLP’s insurance recovery practice had a splashy year, with a huge bad faith finding in Pennsylvania and a significant ruling expanding coverage for private equity firms, landing it among Law360’s Practice Groups of the Year.
Prosecutors on Wednesday asked a federal judge to side with a magistrate judge and let them add more claims to a whistleblower’s allegation that Fresenius Medical Care Holdings Inc. violated the False Claims Act by billing Medicare for unnecessary hepatitis B tests.
A federal judge in New York on Tuesday dismissed a shareholder suit against Express Scripts claiming company officials misled investors about the pharmacy benefit managers’ rocky partnership with Anthem Inc., saying the shareholders failed to meet federal requirements for a derivative action.
Rite Aid Corp. has been overcharging insured customers for their prescription generic drugs by misreporting how much it charges customers who buy the same drugs without insurance, according to a putative class action filed Tuesday in California federal court.
The United States Conference of Mayors won $8 million from Great-West Life Insurance & Annuity Co. on Tuesday when a Washington, D.C., federal jury found the company broke its promises in administering retirement plans for city workers across the country.
Two Indianapolis car dealership workers accused of taking part in a racketeering scheme that allegedly duped lenders and insurance companies out of $1.6 million have been found guilty of racketeering conspiracy and transporting stolen goods, federal prosecutors said Wednesday.
Allergan and Warner Chilcott on Tuesday asked a Massachusetts federal court for an order stating that lists of prescription drugs covered by insurers are admissible evidence during an antitrust trial brought by a class of organizations that purchased ulcerative colitis drug Asacol.
A New Jersey federal judge on Tuesday tossed a lawsuit alleging the state discriminates against lesbians seeking insurance coverage for infertility treatments, ruling that the public agencies and individuals named in the suit are shielded by sovereign immunity.
Miami-based class action attorney Adam Moskowitz has left Kozyak Tropin & Throckmorton PA after a prominent 25-year career there to launch a firm of his own, with plans to focus his new firm’s practice primarily on representing plaintiffs in class actions and commercial litigation, the Moskowitz Law Firm said Wednesday.
In recent years, use of the insurance appraisal process in Texas has grown exponentially. Gone are the days where three reputable and smart insurance professionals would get in a room and work cooperatively to fairly resolve a disputed claim. Instead, appraisal has become a tactical game, and abuses of the process are widespread, says Steven Badger of Zelle LLP.
New tools make it easier for law firms to develop their own technology, but many firms are struggling with the question of whether doing so is best for them. Here, the first in a two-part series looking at BigLaw’s build versus buy dilemma.
Goodwin Procter LLP announced in a memo made public Wednesday that the vast majority of its associates would receive year-end bonuses on par with or exceeding the familiar scale established by Cravath Swaine & Moore LLP, which has remained the standard for several BigLaw firms.
Bar exam prep company BarBri and three blind law students who had alleged the company failed to provide equal access to parts of its courses in violation of the Americans with Disabilities Act have settled the dispute, according to court documents filed this week.
Senate Democrats on Wednesday bitterly complained about their GOP colleagues’ advancement of President Donald Trump’s choice for a Seventh Circuit vacancy, accusing the Senate Judiciary Committee chair of tearing down a tradition that allows minority senators to influence the confirmation process.
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