/insurance?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Insurance Copyright 2025 sa¹ú¼Ê´«Ã½. en-US Wed, 25 Jun 2025 20:56:06 +0000 /insurance/articles/2357343?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance/articles/2357343 Cigna has launched an antitrust suit in New York federal court accusing Bristol-Myers Squibb Co. and its Celgene subsidiary of fraudulently obtaining patents, filing sham litigation and paying off generic-drug makers to maintain a monopoly on their blockbuster blood-cancer drug Pomalyst. Wed, 25 Jun 2025 20:46:21 +0000 /insurance/articles/2357565?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance/articles/2357565 Swiss Re told an Illinois federal court Wednesday that counsel representing it in underlying actions related to a medical malpractice suit failed to adequately advise and defend the reinsurer, consequently forcing it into a large settlement even though its coverage had not yet been triggered. Wed, 25 Jun 2025 20:09:26 +0000 /insurance/articles/2357583?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance/articles/2357583 A hospital clinic accused its insurer in Texas federal court Wednesday of severely underpaying its hurricane claim following a "substandard, cursory inspection" ignoring "obvious" damages, saying it only offered to cover roughly $3,500 worth of damage to a ventilation unit while the other damage totaled nearly $2.3 million. Wed, 25 Jun 2025 18:40:41 +0000 /insurance/articles/2357325?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance/articles/2357325 An attorney for CVS Health Corp. told Delaware's Supreme Court on Wednesday that a lower court cited inapplicable precedent to dismiss the pharmacy chain's suit seeking coverage for medical provider claims against it arising from the opioid epidemic. Wed, 25 Jun 2025 16:55:49 +0000 /insurance/articles/2357299?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance/articles/2357299 An insurer for a company specializing in providing nitrogen services for oil pipelines told a Texas federal court it should owe no coverage for a more than $1.7 million jury verdict against the company stemming from a pipeline explosion, pointing to exclusions for breach of contract and faulty work. Wed, 25 Jun 2025 15:32:08 +0000 /insurance/articles/2357293?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance/articles/2357293 A man injured in a car crash cannot recover underinsured motorist, or UIM, coverage under his employer's commercial auto policy, the Fourth Circuit ruled, vacating his $1 million award based on guidance from West Virginia's top court that insurers aren't required to offer such coverage for all vehicles they insure. Wed, 25 Jun 2025 13:25:23 +0000 /insurance/articles/2348925?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance/articles/2348925 Law schools don’t spend sufficient time dispelling certain myths that prevent young lawyers from exploring new business opportunities, but by dismissing these misguided beliefs, even an introverted first-year associate with a small network of contacts can find long-term success, says Ronald Levine at Herrick Feinstein. Tue, 24 Jun 2025 23:43:09 +0000 /insurance/articles/2356545?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance/articles/2356545 Colorado's highest court granted a new securities fraud trial Monday to a man whose testimony in his own defense about advice of counsel was curtailed by a judge, saying legal advice is unquestionably relevant in mounting a defense around "willfulness." Tue, 24 Jun 2025 20:38:41 +0000 /insurance/articles/2356760?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance/articles/2356760 A water purification company that's faced a bevy of product liability lawsuits over a disinfectant product needs to pay only one $5 million retained limit before a Chubb unit's coverage obligations under umbrella policies potentially kick in for one of the underlying cases, a Minnesota federal court ruled. Tue, 24 Jun 2025 19:24:26 +0000 /insurance/articles/2357036?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance/articles/2357036 Scottsdale Insurance Co. informed a Florida federal judge on Tuesday it has settled its suit seeking an order that it doesn't owe coverage to the owner of a shopping plaza hit with a $1 million personal injury suit brought by a man who was shot in the plaza parking lot. Tue, 24 Jun 2025 19:12:44 +0000 /insurance/articles/2353519?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance/articles/2353519 A Florida federal judge sentenced a reinsurance manager to 10 months of time served in prison for his role in a $3 million Ecuadorian bribery scheme following a hearing in Miami court on Tuesday, potentially allowing him to leave the country to reunite with his family in South America. Tue, 24 Jun 2025 18:35:40 +0000 /insurance/articles/2356739?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance/articles/2356739 A Puerto Rico federal court wrongly maintained an award against an insurer that exceeded a beverage manufacturer's actual business income and extra expenses losses and was not supported by evidence at trial, the First Circuit held, reducing the total award from $1 million to approximately $686,000. Tue, 24 Jun 2025 18:04:46 +0000 /insurance/articles/2357014?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance/articles/2357014 Everest Indemnity Insurance Co. is asking a southern Texas federal court to rule that it is not required to indemnify a Houston energy equipment company accused of defrauding an oil and gas operator through faulty pipes. Tue, 24 Jun 2025 17:58:46 +0000 /insurance/articles/2356800?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance/articles/2356800 A directors and officers liability insurer had a duty to defend and indemnify a venture capital investor in a now-resolved lawsuit over the sale of a company immediately after a merger, a California federal court ruled, finding a dilution-of-shares exception in an exclusion applicable. Tue, 24 Jun 2025 16:35:35 +0000 /insurance/articles/2356367?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance/articles/2356367 A gaming company and a law firm asked the Eleventh Circuit to reject an insurer's bid to avoid representing the firm in a malpractice case, arguing that if at least one claim in an underlying complaint was covered, the insurer couldn't apply a misappropriation exclusion. Tue, 24 Jun 2025 16:28:04 +0000 /insurance/articles/2356562?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance/articles/2356562 An AIG unit urged the Illinois Supreme Court to find that a permit or regulation allowing a company to discharge toxins into the environment has no bearing on the application of a pollution exclusion, saying "pollution is pollution" regardless of government authorization. Tue, 24 Jun 2025 15:52:31 +0000 /insurance/articles/2348864?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance/articles/2348864 In Walker v. FRP Investors, the Delaware Court of Chancery recently held that the general partner of a limited partnership breached its obligations when determining the threshold value of newly issued incentive units, highlighting the court's willingness to reconstruct what a reasonable determination of value by a general partner should have been, say attorneys at Fried Frank. Tue, 24 Jun 2025 14:46:39 +0000 /insurance/articles/2356333?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance/articles/2356333 Recent instances in which attorneys filed briefs containing artificial intelligence hallucinations offer a stark reminder that effective revision isn’t just about superficial details like grammar — it requires attorneys to critically engage with their writing and analyze their rhetorical choices, says Ivy Grey at WordRake. Tue, 24 Jun 2025 12:09:19 +0000 /insurance/articles/2355260?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance/articles/2355260 Recent decisions, including in bad faith insurance cases, demonstrate that when settlement information documents are inadvertently shared with testifying experts, courts may see no recourse but to strike the entire report or disqualify the expert, says Richard Mason at MasonADR. Tue, 24 Jun 2025 10:18:55 +0000 /insurance/articles/2356467?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance/articles/2356467 Lewis Brisbois Bisgaard & Smith LLP has launched a practice catering to the legal needs of insurance underwriters, product leaders and managing general underwriters and agents, hiring a former executive vice president at insurance broker Willis Towers Watson PLC to co-chair it.