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The number of allegations of blown cases and bad legal advice last year appeared steady even as the number of mega-sized malpractice bills continued to grow, according to insurer data released Monday.
The European arm of Chubb Group has sued Harvey Weinstein in the English courts to avoid covering his legal costs from sexual assault and harassment suits, echoing a similar action the insurer brought against the beleaguered movie producer in New York state court.
A Missouri federal court Monday found a letter from state regulators requesting a property developer test for pollution at an abandoned U.S. Army ammunition plant in Kansas counts as a claim for the purposes of the developer’s Chubb group environmental cleanup policy.
The University of Phoenix’s parent company on Friday asked the Ninth Circuit to overturn a decision finding an AIG unit had a valid reason to fight on rather than pay the $13 million settlement of a class action securities suit, saying important facts are in dispute.
New York’s top insurance regulator will join Morgan Lewis & Bockius LLP next month to assist with regulatory matters as well as various transactional issues within the industry, the firm said Monday.
Massachusetts’ chief securities regulator accused MetLife of fraud on Monday, alleging the company misclassified hundreds of Massachusetts retirees as dead after its “minimal, lackadaisical” efforts to reach them failed, then pocketed those retirees’ benefits and lied to investors about having enough reserves to meet its retirement obligations.
Aetna Inc. on Monday urged a Pennsylvania state judge to toss a $1.7 billion shareholder derivative suit claiming the company misled investors about its reasons for leaving Affordable Care Act insurance exchanges last year, arguing that the special committee that deemed the pull-outs proper was comprised of objective members with a wealth of executive experience.
Express Scripts Holding Co. investors hit the company with a proposed class action in Missouri federal court on Friday aiming to block the pharmacy benefit manager from holding a vote on its proposed merger with Cigna Corp., alleging the company has withheld key financial information from its U.S. Securities and Exchange Commission filings.
Certain Lloyd’s of London underwriters and a handful of domestic and foreign insurers asked a Louisiana federal court on Friday to send a claim dispute over a New Orleans warehouse that was destroyed during a devastating 2017 tornado to arbitration, citing a clause in their contract.
Sirius International Insurance Group Ltd. and special purpose acquisition company Easterly Acquisition Corp. said Monday they have agreed to merge to create a $2.2 billion company in an all-stock deal that will take the global multiline insurance and reinsurance group public and that was guided by Sidley Austin LLP and Hogan Lovells.
In recent years, state and federal court rulings in Tennessee have been inconsistent about whether punitive damages are available to a policyholder in an insurance coverage case, due to differing interpretations of Tennessee’s bad faith statute, says Lang Wiseman of Wiseman Bray PLLC.
I found that senior members of Congress didn’t have time to mentor younger members. Lawyers — though just as busy as members of Congress — cannot afford to follow this model, says former Rep. Charles Gonzalez, D-Texas, of Ogletree Deakins Nash Smoak & Stewart PC.
Susman Godfrey LLP has topped the associate compensation scale put forth two weeks ago by Cravath Swaine & Moore LLP by offering an additional $5,000 for each class of attorneys, the Texas-based law firm said Monday.
The owner of the building that housed Sedgwick LLP’s Chicago office asked a California state court for an entry of default against the now-defunct law firm and its partners Friday, a request that came almost three months after the landlord filed a suit alleging breach of contract and seeking more than $450,000 in damages.
The U.S. Supreme Court on Monday declined to hear a bid by Sierra Pacific Industries Inc. to overturn a Ninth Circuit decision upholding a $55 million California wildfire settlement and acreage transfer in a case where a federal judge’s allegedly improper tweets were also at issue.
Throughout her law career, Melinda Stier has had two stints at Kimpton Hotels & Restaurants, a path she refers to as a “boomerang.” From 2004 until 2007, she worked as vice president and assistant general counsel, and now she is at the top of the legal rung. Here, Stier shares ways the hotel industry is adapting to changes in technology and the most important skills for a general counsel that she didn’t learn in law school.