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| TODAY'S TOP DEVELOPMENTS |
Thursday, June 23, 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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Automobile Insurance
"Innocent Third-Party" Rule Did Not Prevent Insurer from Rescinding Policy Ab Initio, Michigan Appeals Court Decides
An appeals court in Michigan has decided that the "innocent third-party" rule no longer was effective and that, as a result, an insurance company could rescind a policy ab initio due to alleged fraud by its insured even after an accident in which an innocent third-party claimed that he had been injured. Read More
Attorney's Fees
Virginia District Court Denies Attorneys' Fees to Insured Upon Finding That Insurer Had Rejected Claim In Good Faith
A federal district court in Virginia has denied an insured's claim for attorneys' fees pursuant to Virginia law after finding that the insurer had acted in good faith in investigating the insured's representations on an application for insurance. Read More
Verdicts & Settlements
Rancher on ATV Struck by Tractor-Trailer Going in Reverse Is Awarded Nearly $3 Million
A Texas jury has awarded nearly $3 million to a rancher who alleged that he had been injured when a tractor-trailer collided with the all-terrain vehicle on which he was sitting. Read More
Claims-Made Policies
The Notice-Prejudice Rule and Claims-Made Policies
This Insurance Coverage Law Report article explores some recent court decisions construing the notice-prejudice rule in the context of a claims-made policy. Read More |
View All Case Law Developments |
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Federal Actions
FAA Finalizes Rule for Drones; Insurer Group Questions Some Requirements
The Department of Transportation's Federal Aviation Administration has finalized the first operational rule for routine commercial use of drones. Insurers, however, are questioning certain of the requirements in the final rule. Read More
In the States
N.Y. Insurance Broker Charged with Fraudulently Soliciting Money from Investors
Lawrence D. Rosenbaum, an insurance broker in Albany, New York, has been charged with fraudulently soliciting over $1 million from more than 10 investors to invest in the production of kosher and halal cheese in upstate New York and bio-energy companies that he claimed would provide services in New York State and Costa Rica. Read More |
View All Legislative/Regulatory Developments |
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| FC&S Legal Publishes "Does a General Contractor's Liability Insurer Have a Duty to Defend the Policyholder's Surety in a Liability Action? The U.S. District Court for the Northern District of California Says 'No'" Read More |
Small Businesses Bearing the Brunt of Cyber Crime, New Report Shows Read More |
FC&S Legal Publishes "2015 Excess and Surplus Lines Laws: West Virginia" Read More |
XL Catlin's Environmental Business Develops Wholesale Contractors' Pollution and Professional Insurance Policy for U.S. Trade Contractors Read More |
Paul Edwards Appointed North American Property Reinsurance Underwriter at Cathedral Syndicate 2010 Read More |
View All Industry News |
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INSURANCE COVERAGE
LAW REPORT |
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View Entire Summer 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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