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TODAY'S TOP DEVELOPMENTS Friday, June 19, 2015   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 Superstorm Sandy “Act of God” Defense Bars Damages Claim in Superstorm Sandy Suit The U.S. District Court for the Southern District of New York has ruled that the “Act of God” defense in the Carriage of Goods by Sea Act barred a claim for damages against a shipping company for goods damaged by Superstorm Sandy. Read More Automobile Insurance Additional Language in “Rejection of Underinsured Motorist Protection Form” Did Not Invalidate Insured’s Waiver, Third Circuit Affirms The U.S. Court of Appeals for the Third Circuit, affirming a decision by the U.S. District Court for the Eastern District of Pennsylvania, has ruled that a “Rejection of Underinsured Motorist Protection Form” signed by an insured was not invalid where it contained language in addition to the statutorily-required text. Read More Superstorm Sandy New York Federal Court Orders Superstorm Sandy Coverage Dispute to Arbitration The U.S. District Court for the Southern District of New York has ruled that an arbitration clause in a commercial property insurance policy was enforceable and that a dispute over the amount of coverage that the New Jersey Transit Corporation was entitled to for damages to its facilities and equipment caused by Superstorm Sandy was subject to arbitration under that clause. Read More Commercial Lines Kansas Supreme: High School Activities Association’s Policy Covered Injury to Student Traveling to Soccer Match in Friend’s Truck The Supreme Court of Kansas, reversing a Kansas court of appeals decision, has ruled that an insurance policy issued to the Kanas State High School Activities Association provided coverage for catastrophic personal injuries suffered by a 10th grade student traveling to a soccer match in a friend’s pickup truck. Read More View All Case Law Developments    LEGISLATIVE/REGULATORY Flood National Flood Insurance Program Is “Proverbial Melting Iceberg,” FEMA Administrator Tells House Subcommittee Brad Kieserman, the outgoing Deputy Associate Administrator for Federal Insurance in the Department of Homeland Security’s Federal Emergency Management Agency, spoke the other day to a House of Representatives subcommittee that was holding a hearing on the National Flood Insurance Program and Superstorm Sandy claims. Insurers, policyholders, their attorneys, and other stakeholders would be well advised to review Mr. Kieserman’s statement in detail; here are highlights. Read More Insurance Fraud Guilty Plea in $100 Million Insurance Fraud After four days of trial, Jeffrey Brian Cohen, of Reisterstown, Maryland, pleaded guilty to wire fraud, aggravated identity theft, making false statements to an insurance regulator, and obstruction of justice. Read More View All Legislative/Regulatory Developments      INDUSTRY NEWS 74 Percent of Risk Professionals May Purchase Cyber Insurance within Two Years, RIMS Survey Shows Read More Aviva: Organized Fraud Up 28 Percent as Gangs Continue to Exploit “Cash for Crash” Read More Lloyd’s Report Highlights Vulnerability of Global Food System and Implications for Insurers Read More Tokio Marine Holdings to Acquire HCC Insurance Holdings in $7.5 Billion Transaction Read More Ironshore Establishes Chinese Investment Practice Group Read More View All Industry News   Form Analysis Motorized Snowmobiles Form Browse our entire library of over 2,500 insurance resources and forms.    INSURANCE COVERAGE  LAW REPORT View Entire May / June 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_%%. Click here to unsubscribe from %%merge list.descshort%%. Copyright ©2015 Summit Professional Networks, A Division of ALM Media LLC. All rights reserved. 4157 Olympic Blvd., Suite 225 Erlanger, KY 41018 1-800-543-0874