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TODAY'S TOP DEVELOPMENTS Wednesday, March 12, 2014   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.  CASE LAW Surety Mississippi Supreme: Public Official Can Be Required to Indemnify Surety for Attorneys’ Fees and Costs It Incurred in Successfully Defending Lawsuit The Mississippi Supreme Court has ruled that a public official can be required to indemnify the surety on a public official bond for its attorneys’ fees and costs incurred in defending a lawsuit even where the public official’s liability to the plaintiffs in the lawsuit was nonexistent. Read More Health Insurance Prompt Pay Law Affords Claimants a Private Right of Action against Insurers, N.Y. Appeals Court Rules An intermediate appellate court in New York has ruled that the state’s Prompt Pay Law affords claimants a private right of action against insurance carriers to recover payment for health care services based on a violation of the law. Read More Directors & Officers Bankruptcy of Insured Directors Did Not Relieve D & O Insurer of Its Obligation to Defend or Indemnify Them, Wisconsin Appeals Court Rules The bankruptcy of insured directors did not relieve the insurer that had issued a directors and officers endorsement to a commercial general liability insurance policy of the obligation to defend or indemnify them, even where they had been dismissed from the lawsuit, an appellate court in Wisconsin has ruled. Read More Eye on the Experts Bad Faith Compendium: Minnesota 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. The ninth installment of the compendium reviews bad faith law in Minnesota. Read More View All Case Law Developments    LEGISLATIVE/REGULATORY Alternative Risk and Captives Utah Names New Captive Insurance Regulator Utah Insurance Commissioner Todd E. Kiser has appointed David J. Snowball as the new director for the Captive Division, replacing Ross Elliott, who is retiring. Read More Automobile Insurance RelayRides Car-Sharing Service to Pay Penalty to New York for Insurance Law and Other Violations The New York Department of Financial Services (“DFS”) has determined that the car-sharing service RelayRides put New Yorkers at risk through false advertising, unlicensed insurance activity, and other violations of law. RelayRides, a peer-to-peer car-sharing service that allows people to rent out their vehicles to third parties in exchange for a fee, will pay a $200,000 penalty to the DFS as a result of the investigation. Read More View All Legislative/Regulatory Developments      INDUSTRY NEWS Expiration of Terrorism Risk Insurance Act Could Hurt National Security, RAND Study Finds  Read More Former Thompson Coe Partner Albert Betts to Lead Insurance Council of Texas Read More Ken Norgrove Appointed Chief Executive Officer of RSA Insurance Ireland Read More FC&S Legal Publishes “Claims-Made Policies May Cover Claims Submitted Outside the Reporting Period” Read More Zurich Proposes Christoph Franz for Election to the Board of Directors Read More View All Industry News Discussion Concealed Weapon Laws and the CGL Form Browse our entire library of over 2,500 insurance resources and forms.    INSURANCE COVERAGE  LAW REPORT View Entire March Insurance Coverage Law Report   View Insurance Coverage Law Report Archives Steven A. Meyerowitz, ESQ. Director, FC&S Legal [email protected] Victoria Prussen Spears, ESQ. Associate Director, FC&S Legal [email protected] 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 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 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]. FC&S Legal: The Insurance Coverage Law Information Center    LinkedIn   To ensure future delivery of email, please add [email protected] to your address book, contacts or safe sender list. You have received this email at %%merge members_.emailaddr_%%. Click here to unsubscribe from %%merge list.descshort%%. ©2014 Summit Professional Networks, All rights reserved. Privacy Policy 5081 Olympic Blvd Erlanger, KY 41018 1-800-543-0874