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New York’s financial regulator has been relatively quiet since first-of-their-kind cybersecurity rules took effect last year, but attorneys expect that the first wave of compliance certifications due Thursday and looming deadlines to implement more technically complex aspects of the regulation will trigger an enforcement blitz.
The Sixth Circuit on Wednesday affirmed a lower court’s denial of a contractor’s claims against a flood insurance adjuster and provider for fixing Superstorm Sandy damage to a New York client’s property, saying the claims are preempted by the National Flood Insurance Act.
Two U.S. insurers have urged a New York federal court to uphold an arbitral award dismissing a Brazilian banking and financial services company’s $50 million policy claim against them, arguing that the bank’s bid to recoup its losses ignores the great deference courts give to foreign arbitration.
Pfizer Inc. is seeking $30 million in coverage from a trio of insurers for the settlement of a $400 million shareholder suit over off-label marketing, alleging the insurers are wrongly tying the dispute to unrelated cases, in a suit the insurers sought to remove to Delaware federal court Tuesday.
A Washington federal judge found Tuesday that Cincinnati Insurance Co. needn’t cover Zaycon Foods Inc. for a fraud suit by a former co-leader of the company who claims he was ousted after investing millions, saying the suit doesn’t contain any defamation claims and therefore isn’t covered under advertising injury in the company’s general liability policies.
The American Cancer Society Cancer Action Network, the American Heart Association and other major U.S. health organizations urged the U.S. Department of Health and Human Services on Wednesday to take action against Idaho after it authorized the sale of health insurance plans that allegedly violate the Affordable Care Act.
Blockchain holds huge potential for the insurance industry, enabling the use of smart contracts as well as new methods of fighting insurance fraud, keeping records and verifying information. It may be another 10 or 15 years before the technology gains widespread adoption, but insurers should consider getting ahead of the curve now, says Daniel Marvin of Morrison Mahoney LLP.
Artificial intelligence tools can empower attorneys to work more efficiently, deepen and broaden their areas of expertise, and provide increased value to clients, which in turn can improve legal transparency, dispute resolution and access to justice. But there are some common pitfalls already apparent in the legal industry, say Ben Allgrove and Yoon Chae of Baker McKenzie.
President Donald Trump’s nominees to the Tenth Circuit and three other federal courts look to have a clear path forward after they laid out their judicial philosophies before a Senate panel Wednesday, their thoughts ranging from giving more time for jury selection to encouraging more “coordination” between district courts and the patent office.
The Third Circuit on Wednesday vacated a 46-month prison sentence for a former Simpson Thacher & Bartlett LLP managing clerk convicted over his role in a $5.6 million insider trading scheme, on the same day that a district court judge reduced the civil penalty sought by the U.S. Securities and Exchange Commission from $2 million to $25,000.
Pro Bono Spotlight
After enduring years of physical and sexual abuse in Honduras, two teenage sisters with big dreams to help others in their new lives were recently granted asylum in the U.S., following three years of pro bono advocacy by a team of attorneys at Polsinelli.
The world of legal technology is quickly evolving, with new products coming to market in rapid succession. Here, Law360 takes a look at five recent developments.
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