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The Federal Trade Commission (FTC) announced it has reached a settlement with the bankrupt crypto company Voyager over the company’s alleged deceptive crypto marketing practices. [read post]
9 Mar 2010, 1:49 pm by jpdefense
Anthony Digati, a social networker and ex-employee of New York Life Insurance, was arrested and charged in Manhattan federal court with attempting to extort approximately $200,000 from New York Life Insurance by threatening to make false public statements and transmit computer spam to damage the reputation of the company. [read post]
19 Jan 2021, 8:33 am by Jason Dubner
It is likely that various practices, including exchange of information by health insurers for the purposes of setting premiums, will expose those companies to federal antitrust scrutiny. [read post]
20 Oct 2017, 10:15 am by The Lawrence Law Group
Augustine couple who suffered water damage to their home and presented a claim against their homeowner’s insurer, Federated National Insurance Company. [read post]
20 Oct 2017, 5:04 am by Lyle Denniston
A federal judge in San Francisco suggested on Thursday that insurance companies who face an imminent cutoff by the Trump Administration of subsidies for providing health coverage for lower-income people may have a legal right to get those payments anyway. [read post]
7 Dec 2016, 12:46 pm by Steve Lash
A Cayman Islands-based insurance company that erroneously denied liability coverage could be on the hook for the nearly $3 million in settlement and legal-defense costs another insurer incurred in underwriting the expenses for a nurse accused of medical malpractice at Laurel Regional Hospital, a federal appeals court ruled this week. [read post]
23 Aug 2016, 6:10 am by Mark S. Humphreys
Lawyers who handle hail claims know the insurance companies prefer to fight lawsuits in Federal Court. [read post]
12 Mar 2018, 9:44 am by Hector E. Lora
Court of Appeals for the Tenth Circuit recently affirmed summary judgment in favor of an insurance company, holding that the insurer had no duty to defend and indemnify its insured in a lawsuit alleging that the provider’s telemarketing phone calls violated several federal and state laws, because statutory damages and injunctive relief under Read more → Hector E. [read post]
8 Jul 2020, 11:04 am by Philip R. Stein
Nearly 20 teams and their concessions companies filed suit in federal court in Arizona against three units of Nationwide Mutual Insurance. [read post]
5 Aug 2011, 6:07 pm by Jennings Strouss & Salmon
Bank of Shorewood, Shorewood, Illinois, was closed today by the Illinois Department of Financial and Professional Regulation—Division of Banking, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. [read post]
17 Dec 2019, 6:51 am by Michael S. Levine and Latosha M. Ellis
Illinois National Insurance Company, an AIG Commercial Insurance company, (“AIG”) told a Pennsylvania federal court in a brief opposing summary judgment that it has no duty to defend Hub Parking Technology USA Inc. [read post]
24 Aug 2017, 11:07 am by Michael S. Levine and Tae Andrews
A federal judge has ordered an insurer to show cause why he should refrain from dismissing the insurer’s case against an NCAA football conference over the availability of insurance for concussion-related lawsuits. [read post]
23 Aug 2019, 3:21 pm by Mark Hartsoe
As to the motion of two of the defendants to be substituted by their insurance company as the crossclaimant, the court found that the requirements of Federal Rule of Civil Procedure 25(c) had not been met. [read post]
26 Jul 2011, 9:32 am
Insurance bad faith is a legal term that means filing a claim against an insurance company for not fulfilling the terms of an insurance contract. [read post]
24 Mar 2020, 12:30 pm by James Kim and Scott A. Coleman
The FDIC has issued a proposed rule setting forth the conditions it would impose and the commitments it would require to approve a deposit insurance application from an industrial bank or industrial loan company (collectively, ILC) whose parent company is not subject to consolidated supervision by the Federal Reserve Board (FRB). [read post]
19 Jul 2012, 1:46 pm by Colter Paulson
Fidelity National Title Insurance Company (No. 10-3545), the Sixth Circuit held that title insurance companies are all but immune to private antitrust claims in Ohio. [read post]
20 Jul 2014, 4:02 am by Howard Friedman
Other disclosure requirements may apply, for example, under State insurance law applicable to health insurance issuers. [read post]