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TODAY'S TOP DEVELOPMENTS |
Wednesday, September 25, 2013 |
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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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Commercial Lines
“Lead Insurer” Must Post Security for Full Amount of Insured’s Recoverable Losses, Not Just Its Share
A federal district court in Illinois has ruled that a “Lead Insurer” must post security for the full amount of a potential judgment in favor of its insured and not just its 47.41 percent share of the underlying policy. Read More
Commercial General Liability
Finding No Occurrence, Alabama Supreme Court Reverses Judgment Against Insurer Based on Arbitration Award Against Insured Homebuilder
The Alabama Supreme Court has reversed a trial court’s decision against an insurance carrier that had issued a homebuilder a commercial general liability (“CGL”) insurance policy, finding that an arbitration award in favor of home owners against the insured was not based on an “occurrence.” Read More
Reinsurance
Court Enjoins Arbitration of Reinsurance Dispute to Determine Whether Ex Parte Communications Had Breached Treaty
Although acknowledging that courts generally lack jurisdiction to review arbitration proceedings until a final award has been issued, a federal district court in Michigan has issued a preliminary injunction against the continuation of an arbitration under a reinsurance contract. Read More
Automobile Insurance
Appellate Court Upholds Arbitrators’ Decision to Allow Offsets to Underinsured Motorist Benefits Award
A Michigan appellate court has affirmed a trial court’s decision upholding a common law arbitration award that offset the amount of Social Security and long term disability benefits received by the plaintiff against the amount of underinsured motorist (“UIM”) benefits otherwise payable by the insurer. Read More |
View All Case Law Developments |
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Automobile Insurance
Michigan Cracks Down on Auto Insurance Scams
Saying her office has uncovered significant evidence of fake and fraudulent auto insurance, Michigan Secretary of State Ruth Johnson has announced a new anti-fraud task force. Read More
Workers Compensation
Oregon’s Worker’s Compensation Rates to Drop in 2014
Worker’s compensation costs will decrease an average 7.6 percent in 2014 in Oregon thanks to lower medical costs and fewer and smaller claims for lost wages, Oregon’s Department of Consumer and Business Services has announced. Read More |
View All Legislative/Regulatory Developments |
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Recalling the Great New England Hurricane of 1938 Read More |
Questionable Worker’s Compensation Claims Increase, with California, Illinois, and New York Leading the States, Report Finds Read More |
New Report from CFA and UNUM Finds Critical Role for Workplace Disability Benefits Read More |
PCI Elects Douglas D. Dirks and David Duclos to Its Board of Governors Read More |
Hurricane Season is Here – Is Your Insurance Program Ready for the Next Storm? Read More |
View All Industry News
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INSURANCE COVERAGE
LAW REPORT |
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View Entire September Insurance Coverage Law Report |
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View Insurance Coverage Law Report Archives |
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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
Donald S. Malecki, Malecki, Deimling, Nielander &
Associates, LLC |
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Cort T. Malone, Anderson Kill & Olick, P.C.
D. Milone, Kelley Drye & Warren LLP
Joseph P. Monteleone, Tressler LLP
Anne M. Murray, Rivkin Radler LLP
Jerold Oshinsky, Kasowitz, Benson, Torres &
Friedman LLP
Seth B. Schafler, Proskauer Rose LLP
David D. Thamann, The National Underwriter Company |
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FC&S Daily Legal Report ($795 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 [email protected].
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FC&S Legal: The Insurance Coverage Law Information Center |
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