Insurance & Financial Services

Can injured bicyclist tap dad’s uninsured motorist coverage? Despite policy exclusion, it’s covered, top Illinois court says

The Illinois Supreme Court has ruled against the Direct Auto Insurance Co. in a dispute over the reach of its uninsured motorist coverage.

Dec 4, 2023 11:56 AM CST

Friend’s RV loan to Justice Thomas was apparently forgiven before principal fully paid, new Democratic report says

Documents suggest that U.S. Supreme Court Justice Clarence Thomas purchased his luxury RV with a loan of $267,230 from a wealthy friend who forgave "a substantial amount or even all of the principal balance," according to an Oct. 25 report by Democratic members of the U.S. Senate Committee on Finance.

Oct 26, 2023 9:22 AM CDT

Did Trump lawyers flub by failing to request jury trial in civil fraud case?

Former President Donald Trump has told reporters that it was “very unfair” that he didn’t have a jury trial in the civil fraud case alleging that he inflated the value of his properties in statements to insurers and banks.

Oct 4, 2023 10:36 AM CDT

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.

Sep 27, 2023 9:10 AM CDT

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.

Sep 12, 2023 2:36 PM CDT

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.

Jun 29, 2023 8:56 AM CDT

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.”

Jun 14, 2023 10:11 AM CDT

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.

Jun 1, 2023 8:16 AM CDT

‘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.

May 9, 2023 12:52 PM CDT

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.

Apr 20, 2023 2:22 PM CDT

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.

Mar 30, 2023 1:29 PM CDT