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TODAY'S TOP DEVELOPMENTS |
Friday, February 20, 2015 |
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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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Product Liability Coverage
First Circuit Rules that Asbestos Manufacturer's Bankruptcy Plan Did Not Extend Limitations Period for Claimants to Sue and Recover under Its Insurance Policy — Potentially Leaving Thousands with No Recourse
The U.S. Court of Appeals for the First Circuit, affirming a district court's decision, has ruled that the Chapter 11 bankruptcy reorganization plan for an asbestos manufacturer did not extend the limitations period for claimants to assert claims against the reorganized debtor and its insurance company — potentially leaving thousands of claimants with no recourse. Read More
Commercial Property
Finding Policy Ambiguous, Court Rules that Insurer Must Pay to Match Church's Damaged Exterior Limestone Panels
The U.S. District Court for the District of Columbia has ruled that a church, which had suffered damage to its exterior limestone panels in an earthquake, was entitled to have its insurance company pay to create a matching facade. Read More
Product Liability Coverage
Food Manufacturer's Contamination Products Policy Did Not Cover Recall of Supplier's Ground Beef, California Appeals Court Rules
A California appeals court, affirming a trial court's decision, has ruled that a contamination products insurance policy issued to a company that manufactured frozen food products using a supplier's ground beef did not cover a recall of the supplier's ground beef, given the absence of any contamination or tampering with the manufacturer's product during or after its manufacture. Read More
Commercial General Liability
Court Orders Insured to Reimburse Insurer for Amount It Paid to Settle Case Before It Was Decided that Insurer Had No Duty to Defend or Indemnify
A federal district court in Pennsylvania has ruled that an insurance company was entitled to be reimbursed by its insured for the amount that the insurer paid to settle a slip and fall case against the insured before it was determined that the insurer had no duty to defend or indemnify the insured. Read More |
View All Case Law Developments |
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Superstorm Sandy
FEMA Seeks Superstorm Sandy Settlement Meetings as Federal Court Hearing Approaches on Engineering Reports
The Federal Emergency Management Agency has told federal magistrate judges that it is acting to set settlement meetings between insurers and homeowners with Superstorm Sandy claims who allege that engineering reports had been improperly altered. Read More
Automobile Insurance
Following Court Rulings, New York Insurance Regulator Provides Guidance for No-Fault Insurers on Notice/Proof of Claim
The New York Department of Financial Services has issued guidance to no-fault insurers clarifying various insurance regulations that concern notice/proof of claim, in light of recent appellate court holdings. Read More
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View All Legislative/Regulatory Developments |
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Ex-DLA Piper Partner Will Harrison Joins Minter Ellison as Head of Insurance & Corporate Risk in Asia and Western Australia Read More |
GEICO Launches Ridesharing Product in Virginia Read More |
Berkshire Hathaway Specialty Insurance Names Amanda Sorsak to Lead Canadian Property and Energy Claims Operations Read More |
Fairfax to Acquire Brit PLC for $1.88 Billion in Cash Read More |
Coverys Hires Sam Mezzich and Edward Lyons to Lead New Venture Read More |
View All Industry News |
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INSURANCE COVERAGE
LAW REPORT |
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View Entire January / February 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
Cort T. Malone, Anderson Kill, P.C. |
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D. Milone, Kelley Drye & Warren LLP
Joseph P. Monteleone, Rivkin Radler LLP
Anne M. Murray, Rivkin Radler LLP
Jerold Oshinsky, Kasowitz, Benson, Torres &
Friedman LLP
Seth B. Schafler, Proskauer Rose LLP
Thomas F. Segalla, Goldberg Segalla
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 customerservice@SummitProNets.com.
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FC&S Legal: The Insurance Coverage Law Information Center |
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