News
Medical Company Sued by Insurer Over $106 Million Theft Coverage
2+ hour, 1+ min ago (108+ words) Bloomberg Law News Beazley Insurance Co. sued Innova Medical Group Inc. over coverage for an alleged $106 million theft by former executives, claiming the loss was discovered before the insurance policy took effect. Charles Huang, who founded a private equity firm…...
Ban on Health Insurance "Gag Clauses" Advanced by House Panel
5+ day, 22+ hour ago (104+ words) Bloomberg Law News A bill that would grant employers expanded access to their health insurance claims data was approved by the House Education and Workforce Committee Thursday, advancing a bipartisan healthcare transparency initiative championed by President Donald Trump. The legislation…...
NY Developer Loses Appeal on Insurance Coverage for EEOC Claim
1+ mon, 2+ day ago (112+ words) Bloomberg Law News A New York housing developer failed in its appeal seeking insurance coverage for a federal discrimination claim filed by a former security officer at one of its construction sites who said her supervisor sexually harassed and abused…...
Met Life Beats Benefits Appeal Over In-Home Dialysis Accident
1+ mon, 2+ day ago (56+ words) Bloomberg Law News Metropolitan Life Insurance Co. validly refused to pay $170, 000 in accidental death benefits to a man whose wife died after a mishap during in-home dialysis treatment, the Eighth Circuit held Friday. Learn more about Bloomberg Law or Log…...
San Francisco Archdiocese Wins Stay on Swiss Re Unit Abuse Suit
1+ mon, 1+ week ago (101+ words) Bloomberg Law News A Swiss Re AG insurance unit must wait to pursue a suit seeking to avoid covering more than 100 claims against the Archdiocese of San Francisco alleging clergy sex abuse. Westport Insurance Corp. , an excess insurer for the…...
Barnes & Thornburg Nabs Insurance Recovery Partner Balice in LA
1+ mon, 2+ week ago (97+ words) Bloomberg Law News Joseph Balice joined Barnes & Thornburg as a partner in its insurance recovery practice in Los Angeles, the firm announced Tuesday. Balice brings nearly two decades of experience representing policyholders in disputes involving denied, delayed or underpaid insurance…...
Allianz Insurer Sued by Cooler Maker Over Fingertip Injury Cases
2+ mon, 2+ week ago (96+ words) Bloomberg Law News Cooler manufacturer Igloo Products Corp. sued its insurer, an Allianz SE unit, for refusing to defend the company against proposed class actions claiming defective cooler handles caused fingertip injuries. Allianz Global Risks US Insurance Company breached its…...
HHS Medicare Advantage Rate Shift Eases Fears of Stifling Access
2+ mon, 3+ week ago (110+ words) Bloomberg Law News The Trump administration's increase of Medicare Advantage rates for next year from a smaller proposed boost will likely limit concerns that insurance companies would be forced to withdraw from the program, health analysts said. The Centers for…...
AIG Unit Sued by Waste Management Company Over Pollution Cases
3+ mon, 1+ week ago (105+ words) Bloomberg Law News A waste management company sued its insurer for refusing to defend it in multiple pollution lawsuits, claiming the American International Group Inc. unit breached its duty to provide legal defense under pollution liability policies. AIG Specialty Insurance…...
Simpson Thacher Recruits Jared Wilner to Lead Insurance Team
5+ mon, 3+ week ago (117+ words) Bloomberg Law News Jared Wilner joined Simpson Thacher & Bartlett as a partner in its mergers and acquisitions practice, where he will lead the firm's insurance transactional and regulatory team, the firm announced Thursday. Wilner advises domestic and international insurers, reinsurers,…...