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TODAY'S TOP DEVELOPMENTS |
Wednesday, January 29, 2014 |
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Industry news, expert analysis, and daily updates on the most significant insurance coverage legal developments—from the insurance and legal experts of The National Underwriter Company.
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Commercial Property
State Insurer Is Subject to Bad Faith Suit, Florida Appeals Court Rules in Decision Conflicting with Another Appellate Opinion
A Florida appellate court, reversing a trial court's decision and creating a conflict with another appellate court decision, has ruled that a state insurance company is not immune from a policyholder's bad faith lawsuit. Read More
Professional Liability Insurance
New Jersey Appeals Court Limits Insurer's Right to Rescind Policy, Requiring Indemnification of Innocent Insureds for $1 Million Minimum Coverage Required By State Law
An appellate court in New Jersey has ruled that even though a medical malpractice insurance carrier could rescind a policy it had issued to a podiatrist, it still had to provide indemnification coverage for claims brought in a lawsuit against the podiatrist in the minimum amount – $1 million – required by New Jersey law. Read More
Commercial Property
"Per Claim" Rather than "Per Occurrence" Deductible Requires Assessing a Deductible for Each Condo Unit Allegedly Damaged by Water, Minnesota Court Rules
A federal district court in Minnesota has ruled that an insured had to pay a deductible for each unit in a condominium allegedly damaged by water, and not one deductible for all of the building's damages, where the insurance policy provided for a "per claim" rather than a "per occurrence" deductible. Read More
Eye of the Experts
Bad Faith Compendium: Delaware
Insurance bad faith law is like a quilt, a patchwork that varies from square to square – in this instance, common law decisions, statutes and codes that differ widely from state to state. Insurer conduct that is benign in one jurisdiction may rise to the level of bad faith conduct in another. In this compendium, the authors review more than a dozen states where bad faith issues most often arise and provide a synopsis of pre-litigation claims-handling standards, first- and third-party claim issues, insurance company defenses, procedural and discovery issues, and the scope of damages. In this third installment of the compendium, the authors review bad faith law in Delaware. Read More |
View All Case Law Developments |
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Alternative Risk and Captives
29 New Captives Licensed in Vermont in 2013, Including Its 1,000th
In 2013, Vermont licensed 29 new captives, including its 1,000th captive in total, according to data released by the Vermont Captive Insurance Division. Read More
Insurance Fraud
Fraud Involving Woodmen of the World Life Insurance Leads to Long Prison Sentence
Scott Dees, who worked as an independent contractor for Woodmen of the World Life Insurance Company, a fraternal order based in Omaha, Nebraska, between 2001 and 2011, has been sentenced to 51 months in federal prison and ordered to pay $796,000 in restitution to his victims. Read More
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View All Legislative/Regulatory Developments |
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Safety National Announces Retirement of Jerry Scott and Management Succession Plan Read More |
Symetra Life Insurance Applies to Redomesticate from Washington to Iowa Read More |
Allied World Names Lou Iglesias as President of Its North America Operations Read More |
Motorists Insurance Group Restructures Read More |
Kevin O'Brien Becomes Senior Vice President of Insurance at Mutual Benefit Group Read More |
View All Industry News
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INSURANCE COVERAGE
LAW REPORT |
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View Entire December/January Insurance Coverage Law Report |
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View Insurance Coverage Law Report Archives |
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FC&S Legal Editorial Advisory Board |
Mitchell J. Auslander, Willkie Farr & Gallagher LLP
Carrie Cope, Schuyler, Roche & Crisham, P.C.
Anjali C. Das, Wilson Elser
John F. Finnegan, Chadbourne & Parke LLP
Michele L. Jacobson, Stroock & Stroock & Lavan LLP
Timothy P. Law, Reed Smith LLP
Donald S. Malecki, Malecki, Deimling, Nielander &
Associates, LLC |
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Cort T. Malone, Anderson Kill & Olick, P.C.
D. Milone, Kelley Drye & Warren LLP
Joseph P. Monteleone, Tressler LLP
Anne M. Murray, Rivkin Radler LLP
Jerold Oshinsky, Kasowitz, Benson, Torres &
Friedman LLP
Seth B. Schafler, Proskauer Rose LLP
David D. Thamann, The National Underwriter Company |
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FC&S Daily Legal Report ($1,295 annual subscription) is included as part of your subscription to FC&S Legal: The Insurance Information Center. FC&S Daily Legal Report and The Insurance Coverage Law Report are publications of The National Underwriter Company. For more information, visit www.fcandslegal.com. To subscribe to FC&S Legal, please contact customer service at 1-800-543-0874 or [email protected].
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FC&S Legal: The Insurance Coverage Law Information Center |
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