https://www.law360.com/insurance?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Insurance Copyright 2025 Portfolio Media, Inc. en-US Thu, 01 May 2025 22:45:26 +0000 https://www.law360.com/insurance/articles/2333160?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/insurance/articles/2333160 An Illinois fund that invests in life insurance policies has been hit with securities fraud, breach of fiduciary duty and several other claims in a suit seeking at least $50 million that alleges it manipulated the value of illiquid assets to collect inflated fees from investors. Thu, 01 May 2025 22:05:15 +0000 https://www.law360.com/insurance/articles/2333316?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/insurance/articles/2333316 The federal government brought a bombshell False Claims Act suit Thursday against Aetna, Elevance and Humana, claiming the insurers paid hundreds of millions of dollars in illegal kickbacks to brokers in exchange for enrollments into their Medicare Advantage plans, with Humana and Aetna also accused of discriminating against disabled beneficiaries. Thu, 01 May 2025 20:51:13 +0000 https://www.law360.com/insurance/articles/2333111?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/insurance/articles/2333111 A Florida state appeals court upheld the dismissal of a condo's Hurricane Irma damage lawsuit against a Florida entity created to handle the claims for insolvent insurers, finding it was time-barred. Thu, 01 May 2025 20:33:20 +0000 https://www.law360.com/insurance/articles/2331944?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/insurance/articles/2331944 A federal appellate panel grappled Thursday with whether to uphold class certification in a lawsuit claiming that State Farm systematically undervalues totaled vehicles, with one judge wondering if every class automobile would require its own damages trial. Thu, 01 May 2025 19:26:20 +0000 https://www.law360.com/insurance/articles/2332760?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/insurance/articles/2332760 A panel of insurance experts stressed in front of a U.S. Senate committee Thursday the importance of mitigation efforts, such as strengthening building codes and hardening homes, as the experts discussed how prices in the property insurance market have soared because of recent natural disasters across the country. Thu, 01 May 2025 18:50:38 +0000 https://www.law360.com/insurance/articles/2333461?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/insurance/articles/2333461 Two PulteGroup subsidiaries said Thursday they'll dismiss their property damage coverage claims with prejudice against an insurer over structural issues at a residential development, marking the eighth dismissal of an insurer since the homebuilder first sued a raft of carriers in New Mexico federal court in October 2023. Thu, 01 May 2025 16:52:58 +0000 https://www.law360.com/insurance/articles/2332361?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/insurance/articles/2332361 A trucker who was hit in his sleeper cab and then ran after the semi-truck that he believed caused the incident, jumping on its running board till he was thrown, may be entitled to insurance benefits, Michigan appellate judges said, reversing most of a lower court's judgment. Thu, 01 May 2025 16:34:20 +0000 https://www.law360.com/insurance/articles/2332727?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/insurance/articles/2332727 Two district courts' split decisions on whether plaintiffs had standing in class actions challenging pension risk transfer transactions, amid a swath of similar suits, provide an early indication of how courts might rule in this new wave of Employee Retirement Income Security Act litigation, say attorneys at Gibson Dunn. Thu, 01 May 2025 15:39:49 +0000 https://www.law360.com/insurance/articles/2332624?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/insurance/articles/2332624 A bank accused a Berkshire unit and its insurance agent of underpaying coverage for property damage from "vandalism and/or theft," saying that while it's received roughly $105,000 in coverage to date, the insurer has yet to pay nearly $1.8 million. Thu, 01 May 2025 10:21:44 +0000 https://www.law360.com/insurance/articles/2305667?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/insurance/articles/2305667 Serving as an adjunct college professor has taught me the importance of building rapport, communicating effectively, and persuading individuals to critically analyze the difference between what they think and what they know — principles that have helped to improve my practice of law, says Sheria Clarke at Nelson Mullins. Wed, 30 Apr 2025 22:33:42 +0000 https://www.law360.com/insurance/articles/2332615?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/insurance/articles/2332615 Nationwide has filed suit asking an Illinois federal court to declare that it has no duty to cover a suburban Chicago gym in a 3-year-old "fat freezing" injury case headed to trial in June, saying the underlying injury doesn't trigger the facility's policy. Wed, 30 Apr 2025 20:52:52 +0000 https://www.law360.com/insurance/articles/2332305?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/insurance/articles/2332305 A Texas bankruptcy judge said Wednesday he will confirm prison healthcare company Wellpath's Chapter 11 plan over objections after the debtor achieved a global settlement and agreed to additional changes, saying he was convinced the plan offered the best outcome. Wed, 30 Apr 2025 19:48:46 +0000 https://www.law360.com/insurance/articles/2332600?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/insurance/articles/2332600 Underwriters asked a California federal court on Wednesday to find that they did not have to defend a company accused by the Federal Trade Commission of bilking consumers out of at least $37 million through a credit scheme designed to trick consumers into taking on debt. Wed, 30 Apr 2025 19:30:56 +0000 https://www.law360.com/insurance/articles/2332260?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/insurance/articles/2332260 The latest data from PitchBook's Q1 Global M&A Report found that global M&A activity was robust in the first quarter of 2025, defying a prevailing sentiment about a sluggish start to the year, but the firm indicated that a slowdown in dealmaking could soon reveal itself in its data.  Wed, 30 Apr 2025 18:48:47 +0000 https://www.law360.com/insurance/articles/2332697?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/insurance/articles/2332697 Lloyd's of London underwriters and the Roman Catholic Diocese of Rockville Centre agreed to end a dispute over the payment of defense expenses related to sexual abuse claims against the diocese, according to a New York federal court filing entered Wednesday, months after the Catholic organization confirmed a Chapter 11 bankruptcy plan.  Wed, 30 Apr 2025 18:15:18 +0000 https://www.law360.com/insurance/articles/2332354?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/insurance/articles/2332354 A Florida-based nonprofit organization that owns a high school in Guam accused its property insurer of underpaying its more than $5.1 million typhoon damage claim in bad faith, telling a Guam federal court Wednesday that all amounts due are "well within the value" of its policy. Wed, 30 Apr 2025 16:52:49 +0000 https://www.law360.com/insurance/articles/2332407?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/insurance/articles/2332407 Shares of Chinese online insurance distributor Yuanbao Inc. rallied in debut trading Wednesday after it priced a $30 million initial public offering at the top of its range, represented by Kirkland & Ellis LLP and underwriters' counsel Latham & Watkins LLP, as more companies test a shaky U.S. IPO market. Wed, 30 Apr 2025 16:48:32 +0000 https://www.law360.com/insurance/articles/2332516?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/insurance/articles/2332516 Two insurers were correct to deny coverage for a former Pittsburgh-area McDonald's franchisee in a lawsuit accusing it of failing to stop a supervisor from sexually harassing and assaulting underage employees, since the litigation that sent it into bankruptcy fell under exceptions to the insurance policies, a Third Circuit panel ruled Wednesday. Wed, 30 Apr 2025 16:38:25 +0000 https://www.law360.com/insurance/articles/2331295?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/insurance/articles/2331295 As law firms are increasingly targeted in cyberattacks, claims by clients as well as nonclients against lawyers are also on the rise, increasing the scope of exposure that attorneys face in their practice, say attorneys at Wilson Elser. Wed, 30 Apr 2025 16:37:46 +0000 https://www.law360.com/insurance/articles/2332403?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/insurance/articles/2332403 A disbarred Pennsylvania attorney, who once choked a judge, was denied the right to seek compensation from an insurer for amounts he allegedly paid a client, the Pennsylvania Superior Court affirmed, finding there was no enforceable contract between the former litigator and the insurer.