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An insurance company and two executives issued bogus insurance policies purporting to offer over $250 million in coverage to companies and homeowners, according to an indictment announced by the Manhattan district attorney Tuesday.
That means protecting tribal history at CPN’s Cultural Heritage Center museum and data in the Tribal Rolls Department, which handles membership, including tribal enrollment, burial insurance and tribal ID cards. Data is so important for a company, and that data needs to be backed up,” says tribe CIO Christopher Abel. “It
million in costs from its insurer over cracked welds in the canopy, finding that the defects in the welds and columns don't constitute property damage under its insurance policies. A split Seventh Circuit affirmed Monday a finding that the Chicago O'Hare International Airport canopy's general contractor can't recoup more than $37.5
A Seattle construction contractor that claimed it was wrongly denied more than $143 million in coverage for damage to a massive tunneling machine has settled its case against insurers, the parties told a Washington state judge Monday on the second day of a jury trial.
3M and its subsidiary Aearo Technologies said they are having difficulties getting their insurers to pay out more than $1.5 billion in coverage after the companies reached a $6 billion deal to settle multidistrict litigation alleging their combat earplugs failed to protect the hearing of service members and veterans.
A qui tam whistleblower initiated a federal investigation that unveiled that the two defendants allegedly defrauded federal crop insurance programs by interfering with rain gauges. Finegan states, “Hardworking farmers and ranchers depend on USDA crop insurance programs, and we will not allow these programs to be abused.”
Department of Veterans Affairs oversees a diverse array of operations, including healthcare services, insurance and benefits systems, and cemeteries. As recently as four years ago, its video teleconferencing technology was equally diverse; each service area used its own equipment for its own purposes.
Mario Russo moderates the inaugural Insurance Law Forum presented by NJICLE in cooperation with the New Jersey State Bar Association Insurance Law Section and the Insurance Defense Special Committee. During the program, Jennifer Black Strutt joins presenters discussing some of the leading topics in insurance law in 2024.
An Ohio jury has awarded Medical Mutual of Ohio more than $24 million in damages, after the insurer accused its rivals FrontPath Health Coalition and HealthScope Benefits of undercutting the bidding process for healthcare contracts with the city of Toledo.
An insurer cannot yet avoid defending gas companies in personal injury litigation after a subcontractor caused an explosion injuring three people, an Indiana federal court ruled, reiterating a previous finding that the subcontractor's ultimate release from liability following a settlement has no bearing on the gas companies' additional insured status. (..)
A pair of directors and officers insurers must provide coverage to real estate holding companies in an underlying False Claims Actwhistlebloweraction, a Delaware Superior Court judge ruled, finding that a breach of contract exclusion does not bar coverage.
An insurance company has asked a federal court to force companies connected to an insolvent contractor to hand over more than $38 million to compensate for costs it covered for unfinished jobs.
A Savannah, Georgia, roofing company agreed to drop its suit accusing a government contractor and an insurer of not paying for about $352,000 of labor and materials it contributed to a construction project at a U.S. Army base.
Department of Agriculture’s Crop Insurance Program. Technology company Alpha Omega has secured a contract to support the U.S. The company said Monday that it will work with the USDA to protect the agricultural sector against the impacts of climate change.
CAS 416 provides criteria for the measurement of insurance costs, the assignment of such costs to cost accounting periods, and the allocation to final cost.
A Colorado landlord accused an insurance broker and carrier of secretly adding an endorsement to its policy to bar coverage for a $1 million settlement the landlord entered into to resolve a state investigation over alleged misuse of tenant funds.
A consulting firm told an Illinois federal court that its insurer must reimburse it for a $7.6 million settlement with the U.S. Department of Justice relating to a lawsuit accusing the firm of allowing personal information to be compromised, maintaining that the litigation fell within its policy's scope.
A Seattle construction contractor told a Washington state jury on Wednesday its insurers owe $143 million for repairs to a massive tunneling machine that sustained "catastrophic damage" when it struck a steel pipe underground in 2013, urging jurors to reject the defense that the claim fell under a "machinery breakdown" exclusion.
CVS Health subsidiary Oak Street will pay $60 million to settle allegations it violated the False Claims Act by paying illegal kickbacks to third-party insurers in return for scouting and inducing Medicare and Medicaid beneficiaries to enroll in its primary care clinics, the U.S. Department of Justice announced Wednesday.
Here’s a quick look at how the threat landscape is growing: With the severity of cyberattacks like these on the rise, some agencies are turning to cybersecurity insurance for an added level of protection. A robust cyber strategy ideally will make cyber liability insurance not just affordable, but ultimately unnecessary.
An insurance company has urged a Montana federal court to temporarily block a group of construction companies from transferring assets, alleging they owe more than $2.6 million in payments, claims and attorney fees related to projects in Montana and Wyoming.
Department of the Interior Secretary Deb Haaland is seeking an early win in a challenge over the cancelation of a $20 million tribal loan guarantee, arguing that an Ohio federal district court lacks subject-matter jurisdiction over Great American Life Insurance Co.'s s remaining claims.
A Delaware court remained steadfast Thursday in its decision to set aside a verdict finding an ex-Xerox unit that paid Texas a $236 million Medicaid fraud-related settlement tried to defraud its insurers into providing coverage, rejecting the insurers' request for a reargument.
Following the collapse of the Francis Scott Key Bridge, businesses that depend on the bridge, the Port of Baltimore and related infrastructure for shipment and distribution of cargo should understand which common types of first-party insurance coverage may provide recoveries for financial losses, say Bert Wells and Richard Lewis at Reed Smith.
Joann Lytle, in her role as Symposium Committee Co-Chair, was mentioned in the American College of Coverage Counsel Winter Newsletter for her work on its 9th Annual Insurance Law Symposium at the University of Pennsylvania Carey Law School.
Navigating the world of health insurance can be tricky. PT to hear from Maggie Martel, Manager, Enrollment and Member Support, Healthcare and Insurance, Office of Personnel Management, who will share how to make the most out of your benefits. How can you feel confident that you’re choosing the right fit for you and your family?
Department of Justice announced that Oak Street Health agreed to pay $60 million to settle allegations that it violated the Anti-Kickback Statute and False Claims Act by paying kickbacks to third-party insurance agents in exchange for referring seniors to Oak Street Health’s primary care clinics.
A contractor and its insurer have settled a $10.5 million lawsuit seeking coverage for shoddy construction work on a school on a military base, according to a joint statement Thursday in Maryland federal court.
An insurer urged a Louisiana federal court Monday to award it over $17 million in damages following several dredging contractors' alleged abandonment of multiple public utility projects, arguing that the contractors failed to pay it back for bonds it issued under a 2014 indemnity agreement.
A Honolulu-based insurer that paid over half a million dollars to a fast food operator that was forced to temporarily shut down after fuel leaks at a Navy facility contaminated the public water supply told a Hawaii federal court that the U.S. is on the hook for those costs.
Northern’s projects that Argonaut insured were governed by a framework agreement between Swinerton and Northern which included an arbitration clause. As required by the work orders for these projects, Northern obtained performance and payment bonds from a California-licensed insurer, Argonaut.
However, if the service provider is not adequately insured and licensed, the organization is exposed to increased liabilities. While all companies verify insurance and licensing before issuing the contract, the insurance will invariably expire during the life of the contract. Once verified, they flag it as ‘internally approved.’
After the declination was made public, media reports suggested that the DOJ and SFO were also probing Seguros Sucre and its conduct involving other UK-based insurance firms, including Tysers Insurance Brokers Limited (Tysers). Tysers Insurance Brokers Limited and H.W.
101 Million Settlement over Allegations of Falsely Reporting Rebates Rite Aid and Rite Aid subsidiaries, Elixir Insurance Company, RX Options LLC and RX Solutions LLC agreed to pay the government $101 million to settle the allegations of falsely reporting rebates. Lutzko for the Northern District of Ohio.
Proof of insurance, bonding, and other certifications as required. Documentation Requirements: Gather necessary documents, including your DUNS number, CAGE code, and proof of insurance. Gather Documentation: Have your DUNS number, CAGE code, and insurance information ready.
Travelers has ended its dispute over whether another insurer must defend a general contractor, school district and construction manager in a worker's personal injury lawsuit as additional insureds, after a New York federal judge approved the parties' mutual request to drop the action.
The city of Seattle says two short-line railroads have breached agreements to maintain liability insurance and indemnify the city in lawsuits from cyclists injured crossing tracks along a perilous stretch of a popular bike trail, according to a complaint filed in Washington state court.
Sullivan On August 11, 2022, the Washington Supreme Court issued a decision upending the landscape of commercial general liability insurance (CGL) policies for contractors. By Sydney M. The Court’s opinion in Preferred Contractors Ins. Baker & Son Constr. 100466-4, 2022 WL 3270083 (Wash.
An Illinois federal judge affirmed an arbitration award relieving two insurers of covering a $1.8 million bond issued to a subcontractor retained for a U.S. Army construction project, upholding the arbitrator's finding that the status of the project wasn't accurately represented at the time of bond procurement.
A new model of litigation finance, most aptly described as insurance-backed litigation funding, differs from traditional funding in two key ways, and the process of securing it involves three primary steps, say Bob Koneck, Christopher Le Neve Foster and Richard Butters at Atlantic Global Risk LLC.
A Florida federal court has authorized the release of certain information related to 3M's $6 billion multidistrict litigation settlement ending claims over allegedly faulty combat earplugsto a London arbitral tribunal, which was convened to determine if insurer AIG Europe Ltd. is refusing to pay its share of the deal.
United Specialty Insurance, notable for a concurrence outlining the use of artificial intelligence to evaluate a term's common meaning, is hopefully the first step toward developing a coherent basis for the judiciary's generative AI use, says David Zaslowsky at Baker McKenzie. Last week's Eleventh Circuit opinion in Snell v.
A Colorado county water authority has accused Gemini Insurance Co. of failing to defend a construction company that was found liable for $3.5 million in damages related to a botched construction project that caused a sewage line failure.
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