An insurance law firm is warning its clients that if they are not licensed to transact business in New York State, they should review their agents activities to ensure they are not engaging in prohibited insurance transactions in the state.
Bond insurer MBIA is working with law firm Weil Gotshal & Manges as it seeks to avoid possible rehabilitation of its structured finance unit by a New York regulator, says a source familiar with the matter.
A U.S. appeals court has rejected one major insurers direct loss defense and ruled that a national retailer is entitled to recover nearly $7 million for a computer-hacking claim.
A former partner at Dewey & LeBoeuf has sued a group of the law firm's ex-leaders for fraud, saying they ran the now-bankrupt firm as a Ponzi scheme to benefit themselves.
The crippled law firm Dewey & Leboeuf LLP filed for chapter 11 bankruptcy protection Monday night and will seek approval to liquidate its business after failing to find a merger partner, marking the biggest collapse of a law firm in U.S. history.
James Wrynn, deputy superintendent of Financial Services in New York, and the states former insurance superintendent before the banking and insurance departments were merged, is leaving the Department of Financial Services to join law firm Goldberg Segalla LLP.
A federal judge on Tuesday rejected Bank of America Corp's request to disqualify the law firm representing insurer American International Group Inc in its $10 billion mortgage fraud lawsuit against the bank over an alleged conflict of interest by one of the firm's partners.
Growing exposures in the area of cyber liability are creating new pockets of specialized insurance needs within the lawyers professional liability (LPL) market.
Bank of America Corp urged a judge to disqualify the law firm representing insurer American International Group Inc in its $10 billion mortgage fraud lawsuit against the bank, alleging a conflict of interest by one of the firm's partners.