Insurance Law and Insurance Regulation

A Chicago-based union has filed a proposed class action lawsuit against Express Scripts, alleging the pharmacy benefit manager violated RICO by using a Swiss group purchasing organization to hide billions in drug company fees. The lawsuit claims Express Scripts diverted formulary placement fees through Ascent Health Services rather than passing savings to insured parties, breaching its fiduciary duties to help members reduce insurance costs.

A new decision from a Mississippi federal court highlights how subtle limitations in policy wording may restrict the types of fraudulent transactions covered by a social engineering insuring agreement.

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The Reinsurance (E) Task Force (“RTF”) of the US National Association of Insurance Commissioners (“NAIC”) held a virtual meeting on March 2, 2026 in lieu of meeting in person at the NAIC Spring 2026...

In recent years, ceding companies and reinsurers across major jurisdictions around the world have faced increasing scrutiny from insurance regulators regarding the use of cross-border asset-intensive reinsurance...