ABA Journal

Insurance & Financial Services

92 ABA Journal Insurance & Financial Services articles.

Judge rips lawyers for ‘egregious’ repetition in opinion finding Trump liable for inflating finances

A New York state judge ruled in a civil lawsuit Tuesday that former President Donald Trump inflated the value of his property in fraudulent statements provided to lenders and insurers.

Litigation funder would make 37,000% return on its investment in litigation over oil company seizure

Litigation funding company Burford Capital would receive about $6.2 billion under a federal judge’s order requiring Argentina to pay likely damages of about $16 billion for its 2012 seizure of an oil and gas company.

Creating Space at the Table: Succeeding as a female in the still-male-dominated field of law

Growing up far from the big city in Delmar, New York, I did not know many lawyers, and I certainly knew of no lawyers to emulate. Back then I would have never dreamt of becoming a managing partner in a successful law firm. But here I am, thanks to the sound advice from mentors who saw my potential and helped me forge my way.

Crowell & Moring will withdraw in Humana litigation after Walgreens alleges ‘betrayal’

Crowell & Moring is withdrawing from the representation of health insurer Humana after its litigation opponent accused the law firm of “unethical side-switching.”

Genetic genealogy leads to arrest of lawyer in series of rapes

A corporate lawyer in the New York City area has been charged with the sexual assaults of four women in Boston in 2007 and 2008 after police used genetic genealogy to link him to the crimes.

‘Warlike action’ exclusion didn’t protect insurers from Merck’s cyberattack claim, appeals court says

A New Jersey appeals court ruled last week that an exclusion for “hostile/warlike action” in insurance policies covering "all risks" didn’t bar a pharmaceutical company’s claim for damages in a cyberattack.

Justice Thomas’ financial disclosure issues referred to committee of federal judges

A request for an investigation of U.S. Supreme Court Justice Clarence Thomas for alleged financial disclosure failures has been referred to the U.S. Judicial Conference’s Committee on Financial Disclosure, according to a letter reviewed by the Washington Post.

Insurers don’t have to provide free HIV-prevention drugs, some cancer screenings as result of federal judge’s ruling

A federal judge in Fort Worth, Texas, has blocked requirements for insurers to provide some preventive-care services for free, including drugs for HIV prevention and screenings for depression, high blood pressure, sexually transmitted diseases and some kinds of cancer.

Law firms have ‘another risk to contemplate’ after failure of bank that catered to their needs

The failure of Signature Bank in New York could lead to delays in accessing capital by the many midsize law firms that used its services, despite the government’s takeover of the financial institution, according to reporting by Law.com.

STD contracted during car sex isn’t covered by GEICO auto policy, federal judge rules

A federal judge in the Western District of Missouri has ruled for GEICO in a lawsuit seeking a declaratory judgment that its auto policy doesn’t cover damages for a sexually transmitted disease contracted during car sex.

Law firm accused of 856 insurer misrepresentations is suspended from practice in federal district court

Houston-based law firm McClenny, Moseley & Associates has been suspended from practice in a Louisiana federal court because of a judge’s concerns about its purported representation of clients with claims related to Hurricanes Laura, Delta and Ida.

Unclaimed MoneyGram checks are subject of Jackson’s first SCOTUS opinion in argued case

Updated: U.S. Supreme Court Justice Ketanji Brown Jackson issued her first opinion in an argued case Tuesday in a dispute over the right to proceeds from unclaimed MoneyGram financial products.

What attorneys need to consider financially about their retirement

The transition into retirement is a major life change for attorneys. I know because I just went through this process. You need to be aware that retirement is a process, and there are some upfront considerations that are unique to lawyers before taking the plunge to leave work. As an attorney, you’re likely well aware of the lawyer’s mantra: prepare, prepare, prepare. This could not be more appropriate with a slight adjustment: prepare, plan and pamper.

Prosecutors in murder trial of ex-lawyer Murdaugh can introduce evidence of alleged financial crimes, judge rules

Prosecutors in the double murder trial of once-prominent South Carolina lawyer Alex Murdaugh may introduce evidence of his alleged financial crimes to rebut defense evidence of good character, a judge ruled Thursday.

Cashed check costs United Healthcare more than $2M

United Healthcare of Texas can’t pursue a claim of more than $2 million after its check-processing contractor cashed a $24,000 check offered as a settlement, a Texas appeals court has ruled.

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