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A California appellate panel on Wednesday, in the words of the Bard of Avon, agreed with a lower court that a man who spent $18 million on counterfeit fine wine did not sustain a loss to property and is not entitled to coverage under his insurance policy.
A city in Iowa can’t make its insurer pay for equipment that was damaged “when a gray squirrel scampered into an electrical substation” and made contact with a 7,200-volt circuit, a state appeals court ruled Wednesday, finding coverage for the violent electrical arcing that ensued is barred by an “electrical currents” exclusion.
The Ninth Circuit on Wednesday upheld a California district court’s finding that Allied World Assurance Co. does not have to cover the $5 million Millennium Laboratories racked up defending against a federal Health Insurance Portability and Accountability Act investigation.
An Ohio federal judge refused Tuesday to dismiss a suit over insurance coverage for underlying Clean Water Act claims connected to an Ohio city’s approval of a large development, saying the case can stay in his court because a nonparty insurer whose joinder would have triggered dismissal needn’t be added.
POLICY & REGULATION
A coalition of 17 attorneys general from mostly left-leaning states and D.C. submitted joint comments to the U.S. Department of Labor on Tuesday, saying a proposed rule allowing employers to more easily form so-called association health plans would remove important consumer protections and invite fraud.
An Illinois federal judge ruled that a man’s death during an act of autoerotic asphyxiation was not a self-inflicted injury and thus an insurer wrongly denied accidental death benefits to his widow.
A Minnesota federal judge on Monday found that a Roman Catholic diocese in the state had not provided the details needed to support its claim that Arrowood Indemnity Co. lied or acted in bad faith when it refused to cover more than six dozen sexual abuse suits.
A Washington appeals court has ruled that insurer-appointed lawyers defending the estate of a boy killed in a car crash may not then withdraw from that position only to later oppose the estate representative on behalf of the boy’s parents.
Blue Cross and Blue Shield of Massachusetts and drug manufacturer Takeda Pharmaceutical Co. Ltd. told a Massachusetts federal court on Wednesday they have settled dozens of claims by the insurer alleging that a link between Actos and bladder cancer was long known to Takeda, the latest in a long string of settlements involving the diabetes treatment.
Deputy Attorney General Rod Rosenstein on Wednesday called on health insurers to aid law enforcement’s efforts to end the nation’s massive opioid epidemic, saying they can play a part in preventing needless prescribing of opioids.
CVS Health Corp., which is in the process of acquiring health insurance company Aetna Inc. for $69 billion, priced a massive $40 billion bond offering to help fund the acquisition.
The school shooting in Florida last month led masses of students and other Americans to organize protests calling for stricter gun laws and boycotts against companies over their relationships with the National Rifle Association — and some businesses and their in-house legal advisers may be left weighing the pros and cons of joining the growing crackdown of gun sales.
Mayer Brown LLP confirmed on Wednesday that it has parted ways with a New York-based capital markets partner — 10 days after announcing it had hired him — following allegations that the partner engaged in “inappropriate conduct” at his previous firm.
A California federal judge on Wednesday handed down a 2 1/2-year prison sentence to a former Akin Gump Strauss Hauer & Feld LLP partner who was arrested last year in a wig-and-sunglasses disguise while trying to sell a sealed government complaint to a cybersecurity company being investigated by the U.S. Department of Justice.
Nearly half of the outside counsel who responded to a recent survey said they are concerned employers aren’t taking sexual harassment training, prevention and response “seriously enough” in the workplace, according to data released on Wednesday.
It is often difficult to determine the proper actions to take ethically, legally and personally if a fellow lawyer, even a superior such as a powerful partner, is dealing with a cognitive impairment like Alzheimer’s Disease.
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