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Mac Parent LLC v. North American Elite Insurance
Company, Index No. 906489/2020, Supreme Court, Albany
County
On March 29, 2021, Justice Richard J. Platkin, of the Albany
County Commercial Division, dismissed an insurance coverage dispute
pursuant to CPLR § 3211(a)(4) due to another action that was
pending in New York County, making clear that New York courts do
not tolerate forum-shopping in the face of clear forum selection
clauses.
Mac Parent LLC v. North American Elite
Insurance Company, 2021 NY Slip Op 50268(U) (Sup. Ct. Albany
Cnty 2021).
Plaintiff Mac Parent LLC ( Mac Parent ) filed its case
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Washington, DC – April 9, 2021 –
Cooley advised Pie Insurance, an insurtech specializing in
workers compensation insurance for small businesses, on its
$118 million Series C financing round, which brings the
company s total equity funding raised to more than $300
million. Partner Derek Colla led the Cooley team advising Pie.
Allianz X and Acrew Capital co-led the round, which also
included participation from existing investors Greycroft, SVB
Capital, SiriusPoint, Elefund and Moxley Holdings. Pie will use the
new capital to invest further in technology and automation, as well
as to grow its core workers compensation insurance business
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Pharmacy benefit managers (PBMs) should consider the
implications of a model law making its way through the National
Association of Insurance Commissioners (NAIC) that would establish
a licensure requirement and rules of conduct for these participants
in the health care marketplace. A number of states have already
adopted their own PBM laws, and an NAIC model would be likely to
motivate others to do so.
On April 12, 2021, the NAIC s Health Insurance and Managed
Care Committee, meeting by videoconference at the NAIC s Spring
National Meeting, briefly discussed the PBM Model Act, agreeing to
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(Bad Faith Verdict Reversed as Plaintiff Failed to Include
Instruction Requiring That Insurer Acted Unreasonably in Refusing
to Accept Reasonable Settlement Demand)
(April 2021) - In
Pinto v. Farmers
Ins. Exch., - Cal.App.5th - (March 8, 2021), the California
Second District Court of Appeal reversed a judgment finding that
Farmers Insurance Exchange ( Farmers ) acted in bad faith
by refusing to accept a reasonable offer to settle a personal
injury lawsuit within policy limits. The jury verdict form did not
include a finding relative to whether Farmers had acted
On March 4
th, the U.S. District Court for the
District of Maryland struck down four provisions of the Trump
Administration s Notice of Benefit and Payment Parameters for
2019, 83 Fed. Reg. 16930 (April 17, 2018) (the
Rule ), which governs many aspects of
Affordable Care Act (
ACA ) insurance
markets beginning in the 2019 plan year. The decision in City of Columbus, et al. v. Norris Cochran
comes two and a half years after the cities of Columbus, Baltimore,
Cincinnati, Chicago, and Philadelphia, as well as two individuals
who rely on health insurance offered on ACA exchanges, filed suit
alleging that the actions of the U.S. Department of Health and