ABA Journal

Insurance & Financial Services

49 ABA Journal Insurance & Financial Services articles.

Elite universities violated antitrust law in financial aid collaboration, lawsuit claims

Nine elite universities sometimes consider applicants’ ability to pay tuition during the admissions process, which means that the schools should not be entitled to an antitrust exemption that allows them to collaborate on financial aid formulas, a federal lawsuit has alleged.

Federal judge says it’s ‘almost insane’ to assert wife’s stock holdings affected his decisions

Updated: A federal judge in Virginia said in a recusal hearing last week that it was “almost insane” to assert that his wife’s $22,000 holding in Amazon.com Inc. stock affected his decisions in a case involving the company.

Former legal chief at Farmers Insurance awarded $150M in punitive damages in firing suit

The former legal chief for Farmers Insurance was awarded $150 million in punitive damages Thursday in a wrongful termination lawsuit claiming that he was wrongly blamed for a sex-bias suit filed by female attorneys.

Ex-LeClairRyan general counsel gets prison time, while firm insurer agrees to pay $10M to bankruptcy trustee

The former general counsel of the defunct law firm LeClairRyan was sentenced to 44 months in prison in Richmond, Virginia, on Monday for lying to the U.S. Trustee Program while trying to thwart an investigation into his embezzlement of more than $4 million.

Changes announced for public service loan forgiveness; ABA urges government to do more

People with jobs that qualify for the Public Service Loan Forgiveness Program can now get credits from previously ineligible loan plans, the U.S. Department of Education announced Wednesday.

Litigants claiming GEICO auto policy covers STD from car sex can’t proceed anonymously, judge rules

A car owner and his sexual partner can’t keep their names secret in litigation over their claim that GEICO’s auto and umbrella policies cover damages for a sexually transmitted disease contracted during sex in the insured car.

Supreme Court will consider Sen. Cruz’s challenge to campaign loan restrictions

The U.S. Supreme Court will consider a First Amendment challenge to a campaign finance law that restricts repayment of candidates’ personal loans to their campaigns.

New data shows lateral associate hiring happening across the board

Lateral hiring for associates increased in nearly all practice groups in the first quarter of 2021, with data privacy, entertainment and media and insurance practices showing the most activity, according to a legal data company.

Appeals court rules against former BigLaw staffer who said work abuse led to disability

A federal appeals court has ruled that a Williams & Connolly staff member wasn’t entitled to collect disability insurance for anxiety, depression and post-traumatic stress disorder that she largely blamed on her work environment.

Can businesses recover for pandemic losses? 8th Circuit is first federal appeals court to rule

An Iowa dental clinic can’t recover for COVID-19 "business interruption" losses under an insurance policy that covers "accidental physical loss or accidental physical damage," a federal appeals court has ruled.

Akerman lawyer is appointed as receiver in condo collapse; who may be liable?

A Florida judge on Friday appointed an Akerman partner as a receiver to handle financial matters for the Champlain Towers South condo association in litigation over the building collapse in Surfside, Florida.

Claim denied: A lawyer’s musings on the shortcomings of insurance

As lawyers, many of us either fight insurance companies or represent them. Sue or defend, we are all connected with insurance by buying it. When did the concept of insurance start?

Fee applications in Boy Scouts bankruptcy exceed $100M; judge calls total ‘staggering’

The court overseeing the Boy Scouts of America bankruptcy case has appointed an examiner to review fees that have become a point of contention.

Insurance adjuster didn’t turn off his audio before calling judge an ‘idiot’

A California judge was asking jurors to sit in socially distanced seats when an online voice could be heard on the courtroom speakers. Using the F-word, the person referred to the judge as an “idiot.”

Interested in infectious disease litigation? Before you accept a case, read this

When Davis M. Walsh and Samuel L. Tarry began assembling Infectious Disease Litigation: Science, Law, and Procedure, they had no idea a pandemic was soon going to make the topic more relevant than ever.

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