| TOP NEWS
The construction industry has long had to worry about insuring the physical and natural disasters that can derail multimillion-dollar projects, but this coverage likely won’t be broad enough to reach cyberthreats that could be just as damaging to the ebb and flow of their work, attorneys say.
Crowley Maritime Corp. urged the Eleventh Circuit to revive the shipping company’s lawsuit to force an AIG unit to cover the $2.5 million that Crowley shelled out to defend a subsidiary’s former executive against antitrust allegations, asserting Thursday that it provided timely notice of the claim to the insurer.
The Financial Guaranty Insurance Co. doesn’t need to pay an art consultancy a bonus tied to the so-called “Grand Bargain” that kept Detroit’s art collection off the table in its landmark municipal bankruptcy proceedings, a New York state appeals court ruled Thursday.
An Illinois appellate panel has reversed a lower court and ruled that the Illinois State Bar Association Mutual Insurance Co. does not have to cover the Leighton Legal Group LLC in an underlying suit over the alleged mismanagement of a trust because the conduct was characterized as intentional and therefore excluded from the policy.
POLICY & REGULATION
The Senate has overwhelmingly passed a $55 billion bill that would overhaul how the U.S. Department of Veterans Affairs pays for private care and would also expand the agency’s popular caregiver program.
Aetna Inc. has filed suit in Pennsylvania federal court accusing the class counsel in two underlying privacy suits against the insurer of approving a settlement mailing that allegedly violated members’ privacy anew by potentially revealing their HIV status and launched a new round of litigation.
Cigna and American Specialty Health were hit with a proposed Employee Retirement Income Security Act class action in California federal court on Wednesday, accusing them of colluding to saddle members and plans with the charges American Specialty incurs for processing claims and administering a network on Cigna’s behalf.
Scottsdale Insurance Co. hit Columbia Insurance Group Inc. with a lawsuit in Illinois federal court Thursday over claims Scottsdale has been defending two property companies that should have been covered under Columbia’s policy in an underlying case over a man’s work injuries.
After a catastrophic storm hits, even the most insurance-savvy businesses may struggle with traps lurking in policy wording, approaches to likely loss quantification and a host of other complicating factors, say Karl Killian and Shawn Pickens of The Claro Group and Nancy Kornegay of Trahan Kornegay Payne LLP.
Proskauer Rose LLP on Wednesday disputed claims it unfairly paid a female partner less than men in similar positions, saying in an answer to her recently revised suit that she earned a bigger share of firm profits in one of the years covered by the case than all but three men in the firm’s employment practice.
Controversial nominations for the Fifth Circuit and judicial posts in Texas and Louisiana advanced to the full Senate on Thursday, over objections from Democrats over their records on environmental rules, abortion rights and past statements.
High court heavyweight Paul Clement of Kirkland & Ellis LLP is this week’s top legal lion with a U.S. Supreme Court decision preserving employers’ use of class action waivers, while Womble Bond Dickinson LLP and Shook Hardy & Bacon LLP ended up legal lambs after a jury slammed their tobacco company clients with a $21 million verdict in a smoker’s lung cancer case.
Arizona Summit Law School filed suit Thursday against the American Bar Association, which has kept the school on probation since March 2017 and last month determined it was still failing to meet ABA standards, saying the association’s action against Arizona Summit is “arbitrary and capricious.”