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TODAY'S TOP DEVELOPMENTS Tuesday, March 22, 2016     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 Superstorm Sandy N.J. District Court Refuses to Reopen Superstorm Sandy Case Dismissed After "Months of Inaction" The U.S. District Court for the District of New Jersey has refused to reopen a Superstorm Sandy coverage case that it had previously dismissed after what it had characterized as "months of inaction," rejecting the plaintiff's argument that his former counsel had been negligent in prosecuting his case.  Read More Superstorm Sandy N.Y. Appeals Court in Superstorm Sandy Case Rules that Policy's Deductible was $2.5 Million, Not $250,000 An appellate court in New York, reversing a trial court's decision, has ruled that the applicable deductible in a commercial property insurance policy was $2,494,020 and that the claim submitted by the insured for damage caused by Superstorm Sandy did not meet the deductible.  Read More Superstorm Sandy Policy Separately Covered Debris Removal Costs in Excess of Flood Limit, N.J. Appeals Court Rules in Superstorm Sandy Case A New Jersey appellate court has reversed a trial court's decision in a Superstorm Sandy case and has ruled that the owner of an apartment complex damaged by Superstorm Sandy was entitled to recover over $200,000 for the costs of debris removal from its insurer in addition to the policy's $1 million limit for flood damage to its insured property.  Read More Superstorm Sandy Waiver in Bailor/Bailee Agreement Did Not Bar Insurer's Later Subrogation Action, N.Y. Appeals Court Rules in Superstorm Sandy Case An appellate court in New York, in a Superstorm Sandy case, has reversed a trial court's decision and has ruled that a waiver of subrogation contained in an agreement between an art gallery and a bailee was not enforceable and did not bar a later subrogation action brought by the gallery's insurer against the bailee.  Read More View All Case Law Developments    LEGISLATIVE/REGULATORY Automobile Insurance U.S. DOT and IIHS Announce Automakers' Commitment to Make AEB Standard on New Vehicles The U.S. Department of Transportation's National Highway Traffic Safety Administration and the Insurance Institute for Highway Safety have announced that 20 automakers representing more than 99 percent of the U.S. auto market have committed to make automatic emergency braking a standard feature on virtually all new cars no later than September 1, 2022.  Read More Federal Actions AIG Affiliates Settle Conflicts Charges with SEC for $9.5 Million Three AIG affiliates have settled charges by the Securities and Exchange Commission that they steered mutual fund clients toward more expensive share classes so the firms could collect more fees.  Read More View All Legislative/Regulatory Developments      INDUSTRY NEWS LeClairRyan Adds 13 to Boston Office's Insurance Coverage Litigation Practice   Read More Dai-ichi Life Updates Plan to Shift to Holding Company Structure   Read More Horizon Blue Cross Blue Shield of New Jersey Appoints Kevin P. Conlin as EVP and COO   Read More William Pieroni Succeeds Gregory Maciag as ACORD CEO   Read More Goldberg Segalla Opens New Florida Offices Led by Rodney Janis  Read More View All Industry News   Discussion Duties of the Insurer Browse our entire library of over 2,500 insurance resources and forms.    INSURANCE COVERAGE  LAW REPORT View Entire Spring Insurance Coverage Law Report   View Insurance Coverage Law Report Archives   Steven A. Meyerowitz, ESQ. Director, FC&S Legal smeyerowitz@alm.com Victoria Prussen Spears, ESQ. Associate Director, FC&S Legal vspears@alm.com 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. Richard 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 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@nuco.com. FC&S Legal: The Insurance Coverage Law Information Center    LinkedIn   To ensure future delivery of email, please add admin@list.nationalunderwriter.com 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%%. 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