United States Archives - Page 284 of 314

Fifth Circuit Affirms Denial of State Farm’s Motion to Disqualify Dickie Scruggs and the Scruggs Katrina Group

Nov 28, 2007 | Catastrophe Claims, Coverage & Claims | United States

Last week, a federal appellate court affirmed the denial of a motion filed by State Farm Fire and Casualty Company (“State Farm”) to disqualify Richard (“Dickie”) Scruggs, his law firm, and other attorneys and firms in the Scruggs Katrina Group from representing plaintiffs in the case of McIntosh v. State Farm Fire & Casualty Co.

Medtronic Sued After Recall of Defibrillator Leads

Nov 27, 2007 | Product Liability | United States

Minneapolis-based medical technology company Medtronic, Inc. was recently sued in federal court shortly after announcing a global recall of defibrillator leads.

Mental Health Parity Legislation

Nov 27, 2007 | Healthcare, Regulatory | United States

Earlier this year, bipartisan sponsors in the Ohio legislature introduced H.B. 170 (Coverage for Autism), which would require health plans to cover autism treatment. Currently, in Ohio, coverage under health plans extends only to diagnosis.

Brocade Stock Options Backdating Criminal Trial: Episode II

Nov 27, 2007 | D&O Liability | United States

In the wake of the successful prosecution of ex-Brocade CEO Greg Reyes, government prosecutors are trying their luck a second time — this time with Brocade’s former vice president of human resources, Stephanie Jensen.

Oregon Selects Scott Kipper To Head Insurance Division

Nov 27, 2007 | Industry Developments | United States

Scott Kipper has been selected to replace Joel Ario as the administrator of Oregon’s Insurance Division of the Department of Consumer and Business Services (“DCBS”). As previously reported here, Joel Ario left the Insurance Division to become the insurance commissioner of the Commonwealth of Pennsylvania. Kipper’s appointment will be effective on December 27.

SEC Files Amicus Brief in Bear Stearns Insurance Coverage Litigation

Nov 26, 2007 | Coverage & Claims, D&O Liability, Regulatory | United States

The Securities and Exchange Commission recently filed an amicus brief in the Vigilant Ins. Co. et al. v. The Bear Stearns Cos., Inc. insurance coverage litigation. On June 19, 2007, an intermediate New York State appellate court held that a question of fact existed as to whether a component of an SEC settlement that was specifically labeled as disgorgement actually constituted the kind of disgorgement that many courts have deemed uninsurable as a matter of public policy.

Delaware Insurance Commissioner to Cut Average Worker’s Compensation Premiums for 2008

Nov 26, 2007 | Regulatory | United States

Matt Denn, the Delaware Insurance Commissioner, announced in early November that he will institute a significant worker’s compensation premium cut for the start of the next calendar year. For most businesses who participate in the “voluntary” workers compensation market, premiums will be cut by an average of 17.75 percent.

Victory for State Farm in the Appeal of Tuepker v. State Farm

Nov 20, 2007 | Catastrophe Claims, Coverage & Claims | United States

In its recent decision in Tuepker v. State Farm, the Fifth Circuit Court of Appeals has held that State Farm’s anti-concurrent causation clause is unambiguous and should be enforced under Mississippi law.

U.S. House of Representatives Passes Subprime Legislation Targeting Wall Street Banks

Nov 20, 2007 | Coverage & Claims, D&O Liability, Federal Legislative Developments, Regulatory, Subprime/Credit Crisis Developments | United States

As the number of home foreclosures continues to rise, the United States House of Representatives recently passed legislation directed at a range of players involved in the subprime crisis.

NY Superintendent of Insurance Unveils Principles-Based Regulation Proposal

Nov 20, 2007 | New York Developments, Regulatory | United States

Earlier this month, New York Superintendent of Insurance Eric Dinallo unveiled a draft regulation that would establish a system of principles-based regulation in New York State. If implemented, the regulation would make New York the first jurisdiction employing principles-based regulation in the United States.

Jurisdiction: United States

Fifth Circuit Affirms Denial of State Farm’s Motion to Disqualify Dickie Scruggs and the Scruggs Katrina Group

Medtronic Sued After Recall of Defibrillator Leads

Mental Health Parity Legislation

Brocade Stock Options Backdating Criminal Trial: Episode II

Oregon Selects Scott Kipper To Head Insurance Division

SEC Files Amicus Brief in Bear Stearns Insurance Coverage Litigation

Delaware Insurance Commissioner to Cut Average Worker’s Compensation Premiums for 2008

Victory for State Farm in the Appeal of Tuepker v. State Farm

U.S. House of Representatives Passes Subprime Legislation Targeting Wall Street Banks

NY Superintendent of Insurance Unveils Principles-Based Regulation Proposal

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