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The firm asserted that Nationwide Mutual Insurance Co. failed to assign a promised number of insurance claims to their adjusters.

Forbidden practices include engaging policyholders in a contingency-based fee arrangement and rendering legal advice regarding coverage issues.

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The attorney was indicted by a federal grand jury in December 2020 on charges of wire fraud, mail fraud, bank fraud and money laundering conspiracies.

The changes could end up hurting the credit grades of insurance companies that invest in bonds that aren't rated by S&P.

As reinsurance coverage comes up for renewal, increasing reinsurance costs and concerns about availability are raising concerns.

The case revolves around a claim of negligence, which the plaintiff said delayed a cancer diagnosis.