Searching Content indexed under Insurance by Morgan Lewis ordered by Published Date Descending.
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Short-Term Gain, Long-Term Pain?
Expanded access to short-term, limited-duration insurance coverage—which could lead to adverse selection in the Affordable Care Act's individual market ...
United States
30 Aug 2018
Federal Judge Rules D&O Coverage For Wrongful Acts Extends To Responding To Government Subpoenas
US District Judge Manish S. Shah in the Northern District of Illinois last week denied insurers' motion to dismiss a pharmaceutical company's action seeking insurance coverage for the costs associated with...
United States
7 Jun 2018
IRS Provides Guidance On Tax Treatment Of Insurance Products
In a recently released memorandum, the Internal Revenue Service suggests an expansion of those risks qualifying for the favorable tax treatment accorded insurance risks.
United States
14 Mar 2018
Hurricane Harvey Client Alert: For Energy Companies
Hurricane Harvey leaves a legacy of unprecedented legal and business challenges.
United States
22 Sep 2017
OFAC Cites Violations In Dealings With Specially Designated Nationals
On August 2, the US Department of the Treasury's Office of Foreign Assets Control (OFAC) issued a Finding of Violation against two different insurance companies for violations...
United States
11 Aug 2016
Group Health Plan Action Items And Reminders For The New Year
While plan sponsors of group health plans breathed a little easier this year-end, there are still important action items and reminders to consider as we look to 2016.
United States
8 Jan 2016
First Court Opinion On When An Overpayment Is "Identified" For Purposes Of The 60-Day Repayment Law
The court's interpretation complicates the already difficult task providers face in having sufficient time to assess and quantify potential overpayments.
United States
10 Aug 2015
US Supreme Court Issues Landmark Decision Upholding Current ACA Structure
In part because of the partisan atmosphere surrounding the ACA, legislative efforts and court challenges have been under way since its inception to change or repeal it.
United States
2 Jul 2015
OCC’s Updated Guidance On Retail Nondeposit Investment Products
The Office of the Comptroller of the Currency recently released an updated and substantially revised section of its Comptroller’s Handbook titled "Retail Nondeposit Investment Products".
United States
5 Mar 2015
OFAC Settlement Extends Violations To "Support Service" Providers
OFAC stated that an insurance company and its affiliates violated OFAC regulations by providing insurance support services for policies that were issued to, or provided coverage for, persons designated on the OFAC Specially Designated Nationals list.
United States
7 Nov 2014
Update: FASB Insurance Contracts Proposal Will Not Apply To Non-Insurance Companies
At a recent meeting, the FASB decided to limit the scope of its proposed Accounting Standards Update to insurance companies only, rather than having the insurance contracts project include all entities that issue insurance contracts.
United States
11 Mar 2014
FASB Insurance Contracts Proposal Would Apply To Non-Insurance Companies
If adopted, a proposed Accounting Standards Update from the FASB relating to accounting for insurance contracts would apply to many companies that are not insurance companies because of a broad proposed definition of an "insurance contract."
United States
4 Mar 2014
HHS OIG Reports Findings On 340B Contract Pharmacy Program
Program often fails to pass through savings to uninsured patients and creates risk of diversion and duplicate discounts.
United States
25 Feb 2014
Food Products Coverage: The Communicable Disease Exclusion Lacks Bite
While the quality of the United States' food supply continues to be exceptionally reliable, problems do occasionally arise.
United States
19 Apr 2012
Utah Supreme Court Advances Policyholder Rights
Utah’s highest court rejects an insurance company’s attempt to use the equitable doctrines of unjust enrichment and restitution to recoup an above-limits settlement payment made by the insurer in settlement of an underlying claim, holding that recoupment is only available if explicitly provided for in the insurance contract.
United States
14 Feb 2012
D&O Liability Insurance: Time To Reassess Risks And Coverage
As the year comes to an end, many companies, along with their officers and board members, are considering renewals for directors and officers (D&O) insurance coverage.
United States
7 Dec 2011
Tenth Circuit Finds Potential Insurance Coverage For Patent Infringement Claims Under "Advertising Injury" Provisions
On October 17, the U.S. Court of Appeals for the Tenth Circuit, applying Colorado law, reversed a district court decision and held that a patent infringement claim may constitute an "advertising injury," thereby triggering, at a minimum, defense coverage under a variety of provisions in commercial general liability policies providing coverage for "misappropriation of advertising ideas."
United States
26 Oct 2011
New York's Highest Court Requires Policyholder-Specific Choice-Of-Law Analysis By Insurers In Liquidation
The New York Court of Appeals decision on April 5, in the Midland Insurance Company liquidation (In re Liquidation of Midland Insurance Company) is an important affirmation of policyholder rights. In this decision, New York’s highest court held that a policyholder is entitled to a claim and policy-specific choice of law analysis in the liquidation process, rejecting the Midland liquidator’s effort to make a blanket application of New York law to Midland’s 38,000 policyholders.
United States
26 Apr 2011
Texas Supreme Court: A Liability Insurer's Duty To Indemnify May Exist Even Though The Duty To Defend May Not Initially Attach
The Texas Supreme Court recently ruled that a liability insurer’s duty to indemnify its insured for settlements or judgments is determined by the evidence, not merely the pleadings, and may be invoked even when the duty to defend did not initially appear to attach.
United States
12 Apr 2011
Businesses Globally Affected By The Japan Earthquake - What To Do Now To Preserve Insurance Coverage
Although the human tragedy associated with Japan’s catastrophe continues to be front of mind, and our thoughts and prayers continue to be with friends, colleagues, and business partners who may be personally affected by this disaster, its impact is already extending beyond Japan to the global business market.
United States
21 Mar 2011
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