Ga. Lawyer Says Fraud Coverage Ruling Misread State Law
A Georgia attorney on Wednesday urged a federal judge to undo a recent ruling declaring his professional liability insurer doesn't owe him coverage in an underlying lawsuit alleging the lawyer schemed with a c... (more story)
Jury To Weigh Coverage Suit Over Ex-Chemoil CEO's Fee Deal
It is up to a jury to decide whether the ex-CEO of an oil company breached provisions of the company's directors and officers policy when he entered into a $1.2 million deal with his former employer without th... (more story)
Insurance Litigation Week In Review
State Farm doesn't owe uninsured motorist coverage, an Ameritas policy is an illegal life wager, and a Georgia attorney accused of fraud isn't entitled to professional liability coverage. Law360 has the past w... (more story)
Insurer Escapes Covering Ga. Atty In $750K Fraud Suit
A Georgia attorney's professional liability insurer owes no coverage for an underlying suit alleging the lawyer conspired with a client to enrich themselves from a litigation funding company by claiming a fict... (more story)
Travelers Says Prior Claims Bar $2.3M Habitat Loss Coverage
A Travelers unit urged a Texas federal court to find it owed no coverage for a $2.3 million judgment entered against a real estate broker over claims it negligently permitted a contractor to enter a property a... (more story)
Life Policy With $21M Payout Voided As Illegal Life Wager
A Delaware federal court voided a life insurance policy as an unlawful wager on a now-deceased Florida woman's life, finding that Ameritas Life Insurance Corp. is entitled to retain the policy's $10 million de... (more story)
How Cos. Can Prep For Conn. Data Privacy Amendments
Effective July 1, 2026, amendments to the Connecticut Data Privacy Act narrow the safe harbor for data used by banks, insurance companies and other financial services businesses, highlighting how state regulat... (more story)
Insurer Intentionally Avoiding $200M Loan Claim, Court Told
A litigation funding firm has accused its insurer of wrongfully refusing to pay out its policy's guaranteed $200 million in coverage for an unpaid loan, saying the insurer buried it in duplicative and burdenso... (more story)
Excess Insurer Says Healthcare Co. Can't Tap $25M Policy
A private equity-backed hospital management company can't tap into its $25 million excess professional liability insurance for several underlying lawsuits until it forks over its $5 million self-insured retent... (more story)
How Banks Can React To Risks In FinCEN Whistleblower Rule
Financial institutions should reassess and, if necessary, strengthen existing policies, procedures and other frameworks related to whistleblowers and internal reporting in light of the Financial Crimes Enforce... (more story)