law

• Bond Insurer Attorneys Barred from San Bernardino Bankruptcy

  By Tim Reid, Reuters  |  June 14, 2013

  The judge overseeing the bankruptcy of San Bernardino, California, on Thursday disqualified a law firm from representing a major bond insurer in the case, because she said some of its lawyers had "switched sides."

• AIG Argues Against $8.5B Settlement with BofA

  By Karen Freifeld, Reuters  |  June 5, 2013

  AIG argued that a proposed $8.5 billion settlement between Bank of America and investors in Countrywide Financial mortgage-backed securities was not big enough.

• Claims Grabs Its Fair Share of the Budget Pie

  By Michael P. Voelker  |  June 1, 2013

  The claims department has long awaited its turn at the table for a piece of the technology budget pie. Recent trends suggest its time has come.

• Claims Grabs Its Fair Share

  By Michael P. Voelker  |  June 1, 2013

  As the “money out” side of the business, claims has long struggled to gain the budget attention of the “money in” side.

• Banks in Cyber Heist Face Uncertainty in Getting Money Back

  By Joseph Ax, Reuters  |  May 13, 2013

  Two banks hit in a $45 million ATM heist face an uncertain path in trying to recover their losses, says financial, insurance and legal experts.

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  Claims Gets Its Piece of the IT Pie

  By Michael P. Voelker  |  May 10, 2013

  As the "money out" side of the business, claims has long struggled to gain the budget attention of the "money in" side.

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  'Little' FTC Acts

  By Matthew S. Marrone, Esq.  |  May 1, 2013

  Most states have consumer protection laws, and courts across the country have debated whether such laws should apply to licensed professionals, including insurance producers.

• Bond Insurer MBIA Retains Law Firm as it Looks to Avoid Takeover - Source

  By Karen Freifeld and Jessica Dye - Reuters  |  April 29, 2013

  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.

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  Uncertainty Surrounds Compensation for Boston Bomb Victims

  By Ben Berkowitz, Reuters  |  April 19, 2013

  Victims of the Boston Marathon bombings will eventually win some kind of compensation, but it is far too early to know how much money there will be, whether private donors or insurers will provide most of it, and how long it might take to distribute.

• Securities Class Action Settlement Frequency Falls; Attorneys Say It's Just a Lull

  By Mark E. Ruquet, PropertyCasualty360  |  March 26, 2013

  A 14-year low in the number of securities-class-action settlements last year has not dampened plaintiff attorneys’ enthusiasm regarding the probability of future directors and officers litigation to keep them employed.

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  Florida Files to Block Injunction of PIP Reforms

  By Chad Hemenway, PropertyCasualty360.com  |  March 22, 2013

  Florida Insurance Commissioner Kevin McCarty’s office has filed an appeal to stop a temporary injunction of certain provisions within what the insurance industry had called the most significant auto insurance law in decades.

• As Cyber Coverage Soars, Opportunity Clicks

  By Michael P. Voelker  |  January 21, 2013

  Cyber insurance maintained its double-digit premium-volume growth in 2012, with capacity high, pricing competitive and buyers increasingly willing to pull the trigger on both third- and first-party coverage. Thanks to a proliferation of data breaches, an ever-increasing number of regulations around the protection of private information, and the growing availability...

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  Protect Your High-Net-Worth Buyers From Art Ripoffs

  By Dan Farrell  |  January 16, 2013

  Art fraud is at an all-time high. Learn from a producer of "Antiques Roadshow" how an art advisor can help protect your clients.

• Cyber: Sexy

  By Michael P. Voelker  |  January 14, 2013

  Cyber insurance maintained its double-digit premium-volume growth in 2012, with capacity high, pricing competitive and buyers increasingly willing to pull the trigger on both third- and first-party coverage. Thanks to a proliferation of data breaches, an ever-increasing number of regulations around the protection of private information, and the growing availability...

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  Cause and Effect: Managing the Construction Defect Claim

  By Joseph M. Junfola, CPCU  |  January 8, 2013

  In the first of this multi-part series, we lay the foundation for prudent claims handling and coverage determinations.

• Toyota Poised to Move Past Legal Troubles; Announces $1.1B Settlement over Acceleration Issue

  By Ben Klayman, Reuters, Casey Sullivan, Reuters  |  December 28, 2012

  Toyota Motor Corp eliminated a huge obstacle with a U.S. settlement over unintended acceleration in its cars and trucks, leaving it to fight smaller cases that will be harder for plaintiffs to prove and less likely to damage the company's growing sales.