ABA Journal

Insurance Law

700 ABA Journal Insurance Law articles.

GEICO gets chance to fight $5.2M award for STD contracted in insured car

The GEICO General Insurance Co. should have been given a chance to intervene before a trial judge confirmed a $5.2 million arbitration award to a woman who contracted a sexually transmitted disease during car sex, the Missouri Supreme Court has ruled.

Sullivan & Cromwell pressured me to file for FTX bankruptcy, crypto exchange’s founder says

Indicted cryptocurrency exchange FTX founder Samuel Bankman-Fried is accusing Sullivan & Cromwell of pressuring him to seek bankruptcy protection for his company and filing documents nominating a new CEO after he tried to withdraw permission.

FTX founder faces criminal and civil charges for alleged $1.8B fraud at FTX Trading

The founder of cryptocurrency exchange FTX is facing criminal and civil securities charges in connection with an alleged $1.8 billion fraud for touting FTX Trading as a safe platform for crypto asset trading while diverting investor money to his privately held hedge fund.

Lawyer used deceptive ‘mobile claim center’ to solicit Hurricane Ian clients, Florida Bar alleges

A lawyer is denying allegations that she solicited Hurricane Ian clients using a truck designed to look like an operation of the Federal Emergency Management Agency or a state-run site. The lawyer said the Florida Bar’s petition for her emergency suspension is based on “a clear misunderstanding of the underlying facts and circumstances in this matter.”

Harvard flubbed insurance deadline, cannot access $15M policy, judge rules

Harvard University will not be able to tap into a $15 million insurance policy to cover legal expenses after failing to alert its insurer in a timely manner of the lawsuit over its race-conscious admissions program, a federal judge in Boston ruled Wednesday.

Lawyer who fought state’s motorcycle helmet law stayed true to his cause in death

A Florida lawyer who thought that motorcycle helmets should be a choice, rather than a requirement, died with his girlfriend in August in a motorcycle crash.

How do you calculate damages in injury trials? Longtime expert witness reveals methodology

Estimating what the future would have looked like if an accident had never occurred can seem more like a thought experiment than a scientific process. But there’s a science behind it, says Michael Shahnasarian.

Baker & Hostetler helped client conceal ‘blatant insurance fraud,’ suit alleges

A bankruptcy trustee has filed a lawsuit alleging that Baker & Hostetler helped a client commit “blatant insurance fraud" and cause several companies to wrongly pay more than $100 million in rebates to pharmacy benefit managers that managed patients' insurance.

California bar announces probes of 2 prominent lawyers after report on mishandled settlement funds

The State Bar of California announced Tuesday that it is investigating two prominent Los Angeles lawyers in connection with the mishandled distribution of settlement funds paid by insurers for descendants of Armenian genocide victims.

Lawyer is still entitled to disability benefits for depression linked to law practice, 6th Circuit rules

A former Traverse City, Michigan, personal injury lawyer is entitled to continued monthly payments under his disability insurance policy because of evidence that his recurrent depression makes him unable to work as a trial attorney, a federal appeals court has ruled.

Jury rules for Baylor in dispute over business-interruption coverage for COVID losses

Jurors in Texas awarded $12 million to Baylor College of Medicine last week in a dispute over whether its commercial property insurer covered COVID-19 losses.

Boies Schiller and Hausfeld will get big chunk of $626.6M in legal fees in insurance antitrust case

A federal judge in Alabama approved a $2.67 billion settlement and $626.6 million in attorney fees Tuesday in an antitrust class action against Blue Cross Blue Shield insurance plans.

How the decision overturning Roe v. Wade affects insurance coverage for abortions and related litigation

Insurance companies are facing new legal issues after the U.S. Supreme Court ruled last month that there is no constitutional right to abortion.

GEICO can’t relitigate $5.2M award for car-sex STD after refusing to defend car owner, appeals court rules

GEICO had no right to relitigate a $5.2 million arbitration award to a woman who contracted a sexually transmitted disease in a car insured by the company, a Missouri appeals court has ruled.

Legal malpractice payouts reach ‘troubling new heights;’ 4 insurers contributed to claims above $300M, survey says

Legal malpractice insurers are reporting skyrocketing payouts of tens of millions of dollars, even as claims frequency remains relatively flat, according to a survey by insurance broker Ames & Gough.

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