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| TODAY'S TOP DEVELOPMENTS |
Monday, June 1, 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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Superstorm Sandy
N.Y. Appeals Court Affirms Dismissal of Claims against Insurance Agent in Superstorm Sandy Dispute
An appellate court in New York has affirmed a trial court's decision dismissing negligence and breach of contract actions brought by an insured against its insurance agent, finding that the agent could not be held liable in this Superstorm Sandy case for any negligence or contract breach that may have been committed by his agency (a corporation). Read More
Business Owners
Missing Quotation Marks Made "Occurrence" Ambiguous in Policy's Deductibles Provision, New York District Court Rules
A federal district court in New York has ruled that the word "occurrence" in the deductibles provision of a business owner's insurance policy was ambiguous because it did not appear in quotation marks and, therefore, that a finder of fact would have to determine whether a series of thefts should be understood as a single occurrence, subject to a single deductible, or as multiple occurrences, subject to multiple deductibles. Read More
Commercial Auto
Claim Following Employee's "Road Rage" Was Not Covered by Employer's Auto Policy, Ninth Circuit Decides
The U.S. Court of Appeals for the Ninth Circuit, affirming a decision by the U.S. District Court for the Central District of California, has ruled that an employer's commercial automobile insurance policy did not cover a pedestrian's claim for damages suffered as a result of an employee's road rage because the claim did not arise out of the "use" of the employer's vehicle. Read More
Homeowners Insurance
N.J. Appeals Court Affirms Decision Denying Coverage for Oil Spill from Underground Fuel Storage Tank
An appellate court in New Jersey has affirmed a trial court's decision denying coverage to homeowners for damage to their own property caused by an oil spill from their underground fuel storage tank. Read More |
View All Case Law Developments |
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Health Insurance
Leading Health Insurance Lobbyist Leaves AHIP to Join EmblemHealth as President and CEO
Karen Ignagni, the president and chief executive officer of America's Health Insurance Plans and one of the leading health insurance lobbyists in Washington, has resigned to join EmblemHealth as president and CEO. Read More
Claims Resolution
FASB Issues Accounting Standards Update Intended to Improve Disclosures for Short-Duration Insurance
The Financial Accounting Standards Board has issued an Accounting Standards Update that, it said, was intended to make targeted improvements to disclosure requirements for insurance companies that issue short-duration contracts — in which insurance coverage is provided for a fixed period of short duration (typically one year or less). Read More
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View All Legislative/Regulatory Developments |
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| James Daly Appointed President and CEO of Euler Hermes North America Insurance in the U.S. Read More |
ACE Appoints Ashwin Kapoor as Terrorism and Political Violence Underwriter for U.K. & Ireland Read More |
CFA Survey Finds Auto Insurers Fail to Reward Low Mileage Drivers Read More |
Smartphone Use While Driving Grows Beyond Texting to Social Media, Web Surfing, Selfies, and Video Chatting, AT&T Study Shows Read More |
Carlos Mickan Named Vice Chairman of Pan-American Life Insurance Group 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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