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TODAY'S TOP DEVELOPMENTS Tuesday, May 3, 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 Workers Compensation Florida Supreme Court Strikes Down Law Creating Mandatory Attorneys’ Fee Schedule in Workers’ Comp Cases The Florida Supreme Court has struck down, as unconstitutional on Due Process grounds, the mandatory fee schedule in Section 440.34, Florida Statutes (2009), finding that it eliminated the requirement of a reasonable attorneys’ fee to a successful workers’ compensation claimant. Read More Subrogation Credit Insurer Pursuing Subrogation Was Not a “Collection Agency” Requiring a Maryland License, Appeals Court Rules The Maryland Court of Special Appeals, reversing a trial court’s decision, has ruled that a credit insurer pursuing its subrogation rights was not a “collection agency” for purposes of Maryland law and, therefore, did not need a license to obtain a valid judgment. Read More Superstorm Sandy Bankrupt Owners of Home Destroyed by Superstorm Sandy Could Not Force Bank to Take Title, N.Y. District Court Decides The U.S. District Court for the Eastern District of New York has reversed a bankruptcy court’s decision and has ruled that the owners of a home destroyed and rendered uninhabitable by Superstorm Sandy could not abandon it in their bankruptcy case and “vest” title in their secured bank lender, with the corresponding obligations (such as carrying costs) of ownership. Read More Homeowners Insurance Anti-Concurrent Causation Clause Dooms N.J. Homeowners’ Superstorm Sandy Claim The U.S. District Court for the District of New Jersey has ruled that the anti-concurrent causation clause in a homeowners’ insurance policy precluded coverage for a Superstorm Sandy property damage claim where storm surge, at least indirectly, had damaged the insureds’ home. Read More View All Case Law Developments    LEGISLATIVE/REGULATORY Superstorm Sandy N.J. Congressman Tom MacArthur Claims FEMA Still Is Wrongfully Denying Superstorm Sandy Claims The Federal Emergency Management Agency, which previously agreed to reopen thousands of claims, is engaged in a “systemic effort” to continue to “wrongfully deny the claims of Sandy victims,” Congressman Tom MacArthur (R-N.J.) is charging. Read More In the States David Altmaier Is New Florida Insurance Commissioner The Florida Financial Services Commission has appointed David Altmaier as the new insurance commissioner for the Florida Office of Insurance Regulation. Read More View All Legislative/Regulatory Developments      INDUSTRY NEWS AIG, Hamilton Insurance Group, and Two Sigma Announce Plans to Establish Joint Venture for SME Market  Read More RSG Hires Jorge Pecci to Lead Specialty Marine Business; Ray Stahl Joins as SVP of Yacht Practice  Read More W. R. Berkley Appoints Kevin G. Hogan, Susan M. Vella, and Christoph Ritterson to High Net Worth Personal Lines Business  Read More FC&S Legal Publishes “2015 Excess and Surplus Lines Laws: Oregon”  Read More Ameritas Life Completes Acquisition of Security Life and Security Health  Read More View All Industry News   Discussion Joint Loss Agreements 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_%%. 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