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| TODAY'S TOP DEVELOPMENTS |
Friday, June 3, 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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Eye on the Experts
Two Is Better Than One: CGL Policies Complement Cyber Insurance in Protecting Companies Against the Rising Costs Associated with Data Security Breaches
This Eye on the Experts article discuses a recent decision by the U.S. Court of Appeals for the Fourth Circuit affirming a district court's ruling that a class action lawsuit arising out of a data security breach triggered an insurer's duty to defend under a commercial general liability insurance policy's "Advertising Injury" coverage section. Read More
Eye on the Experts
Texas Federal Court Finds Factual Allegations Trump Legal Theories for Coverage Purposes
This Eye on the Experts article explores a recent Texas federal court decision holding that factual allegations in the complaint require that a general liability insurer defend an association of board-certified allergists in a suit alleging anti-competitive business practices, even though none of the complaint's causes of action triggered coverage. Read More
Eye on the Experts
Pollution Exclusion Applies to Lead Poisoning Claim under CGL Policy
This Eye on the Experts article discusses a recent Supreme Court of Georgia decision holding that a commercial general liability policy pollution exclusion does indeed exclude coverage for a personal injury claim related to ingestion of lead-based paint. Read More
Financial Institution Bond
Eighth Circuit: Financial Institution Bond Covered Damage from Malware That Allowed Third Party to Transfer Bank's Funds to Foreign Account
The U.S. Court of Appeals for the Eighth Circuit, affirming a decision by the U.S. District Court for the District of Minnesota, has ruled that a financial institution bond covered losses suffered by a bank when its computer became infected with malware, allowing a criminal third party to transfer $485,000 from the bank to a foreign bank account. 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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| Berkshire Hathaway Specialty Insurance Names Jeff Meyer and Michael Hopkins to Lead Medical Stop Loss Sales in the U.S. Read More |
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 |
Cybersecurity Breaches Hit Nearly Three in Four Organizations, New CompTIA Research Reveals 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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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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