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| TODAY'S TOP DEVELOPMENTS |
Wednesday, May 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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Claims Resolution
Florida Law Shields State-Created Property Insurer from Statutory First-Party Bad Faith Claims, State's High Court Holds
The Florida Supreme Court has ruled that Florida's Citizens Property Insurance Corporation, a state-created entity that provides property insurance, was immune from a statutory first-party bad faith action for allegedly failing to attempt in good faith to settle claims. Read More
Commercial General Liability
CGL Policy Did Not Cover Claims for Loss of IBM Computer Tapes Where There Was No "Publication" of Personal Information, Connecticut High Court Rules
The Connecticut Supreme Court has affirmed an intermediate appellate court's decision that a commercial general liability insurance policy did not afford coverage for claims made against companies that lost computer tapes containing employees' personal information where there was no indication that the information on the lost tapes had been published. Read More
Cyberliability
Insurer Had No Duty to Defend under Cyber Policy in Absence of Allegations against Insureds Sounding in Errors, Omissions, or Negligence, Utah District Court Rules
A federal district court in Utah has ruled that an insurance company had no duty to defend its insureds under a cyberliability policy where the allegations against the insureds alleged "knowledge, willfulness, and malice" instead of "errors, omissions, or negligence." Read More
Eye on the Experts
Georgia Supreme Court: Insured Cannot Sue for Settlement Amount or Bad Faith Absent Insurer's "Consent to Settle"
This Eye on the Experts article explains a recent decision by the Georgia Supreme Court, holding that when an insured fails to seek its insurer's consent to settle a claim, the insured cannot pursue litigation against its insurer to recover settlement amounts paid by the insured without its insurer's consent or for bad faith refusal to settle. Read More |
View All Case Law Developments |
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Flood
FEMA Begins Superstorm Sandy Re-Review Process with Letters to Homeowners
The Federal Emergency Management Agency has begun mailing out letters to homeowners as part of its process of re-reviewing 144,000 Superstorm Sandy claims. Read More
Federal Actions
Nationwide Life Insurance Reaches $8 Million Settlement with SEC Over Allegations of Pricing Violations
Nationwide Life Insurance Company has settled charges brought by the Securities and Exchange Commission that it routinely violated pricing rules in its daily processing of purchase and redemption orders for variable insurance contracts and underlying mutual funds. Read More
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View All Legislative/Regulatory Developments |
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| Drone Use Could Become Common Practice for 40 Percent of Businesses, Munich Re Survey Shows Read More |
Willis Re Launches $400 Million Global Facility to Tackle Catastrophic Casualty Loss Read More |
AIG Names Brian T. Schreiber Chief Strategy Officer Read More |
FC&S Legal Publishes "Up to 49 Percent Foreign Ownership of Indian Insurers is Now Law" Read More |
Zhu Tian Wins 2015 Catlin Art Prize Read More |
View All Industry News |
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INSURANCE COVERAGE
LAW REPORT |
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View Entire May / June Insurance Coverage Law Report |
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| View Insurance Coverage Law Report Archives |
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Victoria Prussen Spears, ESQ.
Associate Director, FC&S Legal
vspears@alm.com |
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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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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 |
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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@alm.com.
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| FC&S Legal: The Insurance Coverage Law Information Center |
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