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The New Jersey Appellate Division on Tuesday ruled that Ironhorse Indemnity Co. doesn’t owe coverage to Pappas & Wolf LLC for a legal malpractice suit stemming from its representation of a defunct investment firm tied to a $40 million Ponzi scheme, because the law firm misled the insurer about its knowledge of potential claims.
California’s insurance regulator said Tuesday he has approved a first-of-its-kind insurance policy tailored to the risks faced by landlords who rent properties to legal marijuana businesses.
The New Jersey Appellate Division on Tuesday upended an insurer’s win in a suit over Superstorm Sandy damage, issuing a published decision clarifying a court rule that requires judges to provide reasoning along with orders.
A New Jersey state appeals court on Tuesday revived a lawsuit against an insurance agency and its employee over claims they misrepresented the coverage available for a residence damaged in Superstorm Sandy, saying a trial court improperly tossed the action over the homeowners’ failure to submit an expert affidavit.
A New York federal court on Monday ruled that a Chubb Ltd. unit doesn’t have to cover an $8 million settlement between Grubhub and a proposed class of consumers suing over mass texts, agreeing with the insurer that a pair of policy exclusions bar coverage.
POLICY & REGULATION
There will be no change to the rules by which health insurers cover medical costs associated with out-of-network emergency services for nongrandfathered Affordable Care Act plans, the Internal Revenue Service and other federal agencies said in guidance released Tuesday.
A Travelers unit asked a Florida federal court Monday to find it does not have to pay a hotel company’s subsidiary for alleged data breach losses, saying it was attempting to trigger coverage with a false claim letter.
Expert Group International Inc., a visa-sponsoring placement service for au pairs, told a Florida federal court Monday that its insurer, Berkley Assurance Co., should not be able to get out of indemnifying the company accused of conspiring with other sponsor agencies to set low pay rates.
A joint venture and its affiliates improperly failed to cover The Hanover Insurance Co. for more than $5 million in losses caused by claims, settlements and litigation stemming from an Illinois boiler plant project with the U.S. Army Corps of Engineers, the insurer alleged in Georgia federal court Monday.
Under Texas law, as reinforced by recent court decisions, the insured bears the burden of establishing that property damage actually occurs on the reported date of loss. Insureds and insurers can use a variety of tools to determine and prove when hail or wind damage occurred, say Todd Tippett and Walter Cardwell of Zelle LLP.
One of the biggest drivers of change in the telehealth industry is the Creating High-Quality Results and Outcomes Necessary to Improve Chronic Care Act, which was part of the recently passed Bipartisan Budget Act. The improvements included in the legislation are just the latest efforts signed into law to modernize telehealth nationwide, says Miranda Franco of Holland & Knight LLP.
As a number of prominent partners leave BigLaw and join boutiques — or form their own — some high-paying and sought-after work is being funneled away from the global giants to more modestly sized law firms.
After years of cuts, overall legal spending is on the rise, with nearly half of the law department decision makers who participated in a recent study expecting their total in-house budget to increase this year and most anticipating their outside investments to drop, according to data released on Tuesday.
Schiff Hardin LLP said Tuesday it has implemented a new benefits plan for employees that will help them transition into parental leave and return to work by reducing the hours requirement by 20 percent for one month before childbirth and one month after returning to work.
A split Eleventh Circuit panel Tuesday affirmed a federal court’s judgment in sentencing a 27-year-old man who tried to kill a Florida federal judge to 343 years imprisonment, with one dissenting judge arguing the man’s mental health problems should have set aside a sentencing enhancement.
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