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| TODAY'S TOP DEVELOPMENTS |
Thursday, July 2, 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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Exclusions
Exclusions Barred Coverage for Pledgee’s Hazing Suit against College Fraternity
A federal district court in Arkansas has ruled that a commercial lines policy did not provide coverage for a lawsuit by a pledgee against a college fraternity and various of its members alleging that he had been caned, paddled, and hit as part of an initiation. Read More
Life Insurance
Change of Life Insurance Policy’s Beneficiary During Divorce Violated Automatic Orders and Was Ineffective, New York Appeals Court Finds
An intermediate appellate court in New York, affirming a trial court’s decision, has ruled that a wife’s decision to change the beneficiary of her life insurance policy while her divorce was pending – in violation of automatic orders that took effect upon the commencement of the divorce proceeding – was ineffective. Read More
Commercial General Liability
“Circumstantial” Allegations that Policy Existed 50 Years Ago Found Sufficient to Defeat Insurer’s Motion to Dismiss
The U.S. Court of Appeals for the First Circuit, reversing a decision by the U.S. District Court for the District of New Hampshire, has ruled that a private middle school’s “circumstantial” allegations made out a “plausible case” that an insurance policy existed nearly 50 years ago even though the school could not find a copy of the policy and the insurer could not confirm the existence of the policy. Read More
Automobile Insurance
Colorado Supreme: Purported Assignment of As Yet Indeterminable Portion of Proceeds of Unresolved Personal Injury Suit Was Ineffective Against Auto Insurer
The Colorado Supreme Court, reversing an intermediate appellate court’s decision, has ruled that a purported assignment to a medical debt company of an as yet indeterminable portion of proceeds of an unresolved personal injury claim was ineffective against the automobile insurance company for the defendant in the personal injury case. Read More |
View All Case Law Developments |
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In the States
New York Comptroller Seeks Insurance Information on Safety Measures Taken by Businesses Involved in Shipping Oil
New York State Comptroller Thomas P. DiNapoli, trustee of the $183.5 billion New York State Common Retirement Fund, has sent letters to 14 companies, including Exxon Mobil Corp., Hess Corp. and CSX Corp., seeking information about measures the businesses are taking – including insurance – in response to the increasing number of serious accidents involving trains shipping petroleum. Read More
Insurance Fraud
Ex-Owner of Insurance Brokerage Pleads Guilty to Stealing $10 Million from Aetna
Bonney J. Hebert, of Killington, Vermont, has pleaded guilty to wire fraud and money laundering charges stemming from her theft of more than $10 million from Hartford-based Aetna Life Insurance Company. Read More |
View All Legislative/Regulatory Developments |
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| Sandra Pianalto, Former Head of Cleveland Fed, Joins Prudential Financial’s Board Read More |
Small Employers Recognize Need for Long-Term Disability Insurance, but Many Are Not Sure of Its Cost, Its Benefits, and Employees’ Views, Survey Finds Read More |
Leslie C. Boughner Joins Advantage Insurance Read More |
ISO Drone Insurance Coverage Options Take Effect This Month Read More |
Kevin Leidwinger Appointed President and Chief Operating Officer of CNA Commercial 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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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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