| TOP NEWS
The Second Circuit on Wednesday reversed a lower court and ruled that Harleysville Preferred Insurance Co. and Travelers must defend the Metropolitan Transit Authority in a lawsuit filed by the wife of a contractor’s employee who was fatally crushed by a giant battery, saying a policy exclusion for injuries tied to the use of mechanical devices doesn’t bar coverage.
Information technology company Principle Solutions Group LLC on Wednesday urged the Eleventh Circuit to uphold a Georgia federal court’s decision that Ironshore Indemnity Co. must pay its $1.7 million loss from a transfer induced by a fraudulent scheme, arguing that a ruling adopting the insurer’s position would render Principle’s policy worthless.
A Pennsylvania appeals court on Wednesday revived an insurance agent’s $8 million lawsuit against a Blue Cross Blue Shield contractor over its alleged failure to halt accusations initiated by a co-worker that he engaged in homosexual prostitution in a company bathroom.
POLICY & REGULATION
The Federal Reserve Bank of New York’s pick of John C. Williams as its next president will bring a measure of continuity and stability to an institution that occupies a uniquely powerful role in the nation’s financial system, experts say.
China’s Anbang revealed Wednesday that the country’s regulators have signed off on a 60.8 billion renminbi ($9.6 billion) capital injection from China Insurance Security Fund, as the troubled Chinese insurer looks for strategic shareholders after the government took over the company earlier this year.
Progressive suffered a setback on Wednesday after a Florida federal court denied its bid to toss two proposed class actions alleging the insurer systematically underpaid chiropractors for years, in a move that could foreshadow problems for other insurers facing a handful of nearly identical suits.
A class of PPG Industries Inc. retirees accusing the company of rolling back lifetime health benefits that were promised in a series of union contracts has shot back at the company’s bid for a quick win, telling an Ohio federal judge on Tuesday that PPG has either “misapplied” ordinary contract principles or completely ignored them.
Kaufman Dolowich & Voluck LLP announced Wednesday that it has added three directors and officers insurance attorneys from D’Amato & Lynch LLP to its newly expanded New York City office in a move that will deepen the firm’s bench in a major area of expertise and hopefully gin up more cross-border work as well.
Any company — no matter how well-run — may experience a consumer product recall. Managing recall risk is as much about being ready to respond to recalls properly as it is about preventing them, say Derin Kiykioglu and Jonathan Judge of Schiff Hardin LLP.
Impostors who clone law firm websites or pretend to be lawyers in order to scam the public have come out of the woodwork in recent years, leaving many firms wondering what they can do to protect themselves from the same fate.
A Massachusetts judge told the state’s highest court he made a mistake when he engaged in an ongoing sexual affair with a court worker, but said the commission tasked with supervising judges’ conduct went too far in suggesting he face the risk of losing his job, according to a filing Law360 obtained Wednesday.
Law firms aren’t quelling their merger mania just yet, according to a Wednesday Altman Weil Inc. report, with 30 law firm mergers announced in 2018’s first quarter, beating out the previous record first quarter and on pace to beat the record-breaking year that was 2017.
Multinational companies that are frustrated by the high cost of law firm fees are gravitating toward small and medium-size firms and enterprises to tackle specialized legal issues, according to a report released Wednesday by consulting company Globality Inc.
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