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| TODAY'S TOP DEVELOPMENTS |
Tuesday, May 24, 2016 |
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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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Fire Insurance
Neither Debtor in Bankruptcy Nor Taxing Authorities Trumped Insured’s Right to Insurance Proceeds, District Court Finds
The U.S. District Court for the Western District of Pennsylvania has ruled that the named insured was entitled to all of the proceeds from an insurance policy payable after the destruction of the structure it was operating and that the owner of the property – a company in bankruptcy – and the local taxing authorities were not entitled to any of the funds. Read More
Health Insurance
Bankruptcy Court Says That Health Insurance Payments Were Not Insureds’ Property
The U.S. Bankruptcy Court for the Eastern District of North Carolina has ruled that insurance checks made payable to the policyholder during his bankruptcy case were not property of the policyholder’s bankruptcy estate but, rather, were property of the health care provider that had provided services to the policyholder’s spouse. Read More
Life Insurance
Cash Surrender Value of Life Insurance Policy Was Not Exempt in Bankruptcy, Georgia District Court Rules
A federal district court in Georgia, affirming a bankruptcy court’s decision, has ruled that the cash surrender value of a debtor’s life insurance policy was part of his bankruptcy estate and the policy was not a “trust” under applicable Georgia law. Read More
Workers Compensation
Structured Settlement Agreement Based on Workers’ Comp Award May Not Be Assigned, California Appeals Court Declares
An appellate court in California, affirming a trial court’s decision, has ruled that California law prohibited the assignment of a judgment for structured settlement payments obtained in a workers’ compensation proceeding. Read More |
View All Case Law Developments |
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Insurance Fraud
Florida Insurance Agent, Convicted of Insurance Fraud, Sentenced to Seven Years in Prison
Insurance agent Mario Ferreri, from Orlando, Florida, has been sentenced to seven years in prison and ordered to pay back nearly $1.3 million in restitution. Read More
Federal Actions
Senator Warren Warns That Insurance Safety Net Is Fraying for Gig Workers
In a speech about the so-called “gig” economy before the New America annual conference in Washington, D.C., Senator Elizabeth Warren (D-Mass.) warned that “[t]he safety net – unemployment insurance, workers comp, Social Security – hasn’t been updated to fill in the holes that employers have created.” Read More |
View All Legislative/Regulatory Developments |
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| XL Group Appoints Sean McGovern as Chief Compliance Officer, Head of Regulatory & Government Affairs Read More |
Stephen Postlewhite Appointed CEO of Aspen Insurance; Thomas Lillelund Named CEO for Aspen Re Read More |
Pan-American Life Insurance Group Names Rodolfo Revuelta Executive Vice President Read More |
Guy Carpenter Forms Strategic Alliance with Symantec to Develop Cyber Aggregation Model Read More |
AF Group Appoints Lisa Corless President and Bryan Bogardus Executive Vice President and Chief Operating Officer Read More |
View All Industry News |
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INSURANCE COVERAGE
LAW REPORT |
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View Entire Spring 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@nuco.com.
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| FC&S Legal: The Insurance Coverage Law Information Center |
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