Insurance
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A group of foreign insurers including underwriters at Lloyd’s of London won a bid to force into arbitration a property owner’s suit seeking coverage for Hurricane Harvey damage after a Texas federal court decided the insureds had failed to adequately show why their policy’s arbitration clause shouldn’t stand… Read this piece in its entirety at
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A Colorado federal magistrate judge on Tuesday recommended nixing an insurer’s bid for the court to declare it doesn’t have to defend the U.S. Olympic Committee against allegations of sexual abuse by former gymnastics team doctor Larry Nassar… Read this piece in its entirety at Law360.
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A zip line operator urged a Florida federal court Monday to reject a sanctions request by the Hong Kong arm of AIG, saying the insurer was wrong to argue there’s no basis for the lawsuit relating to a yearslong dispute over coverage for a $66.5 million personal injury award… Read this piece in its entirety
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Insurance giant Humana on Friday followed up on a 2018 suit against a slew of generic-drug makers with a new complaint alleging that a swath of additional drugs and companies were involved in a “far-reaching” price-fixing conspiracy at the heart of the earlier case… Read this piece in its entirety at Law360.
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A workers’ compensation insurer owned by Warren Buffett’s Berkshire Hathaway has agreed to pay $3 million to end an investigation by New York’s Department of Financial Services into the alleged sale of unauthorized insurance products, the agency announced Thursday… Read this piece in its entirety at Law360.
Mike LaSusa 