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| TODAY'S TOP DEVELOPMENTS |
Monday, September 29, 2014 |
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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 Property
Force-Placed Insurance Premiums Paid by Bank Entitles It to an Administrative Expense Claim in Debtor's Bankruptcy Case, Court Rules
A bankruptcy court in Georgia has ruled that force-placed insurance premiums paid by a bank after its debtor entered bankruptcy entitled the bank to an administrative expense claim in the debtor's Chapter 12 bankruptcy case. Read More
Insurer Insolvency
Appeals Court Finds Insureds' First DJ Action against California Insurance Guarantee Association Did Not Trigger Three Year Statute of Limitations
An appellate court in California, reversing a trial court's decision, has ruled that a declaratory judgment action against the California Insurance Guarantee Association did not trigger the three-year statute of limitations for breach of the CIGA's statutory obligations. Read More
Commercial Property
Under Policy's Standard Mortgage Clause, Mortgagee Cannot Be Denied Payment for Loss Based on Mortgagor's Acts or Neglect, Minnesota Appeals Court Rules
An appellate court in Minnesota, reversing a trial court's decision, has ruled that, under a standard mortgage clause, a mortgagee's insurance may not be invalidated by the mortgagor's acts or neglect. Read More
Workers Compensation
Policies Did Not Cover Bankrupt Company's Self-Insured Entities' Workers' Comp Obligations, Second Circuit Finds
The U.S. Court of Appeals for the Second Circuit, affirming a lower court's decision, has ruled that insurance policies issued to a company before it entered bankruptcy did not obligate the insurers to assume the workers' compensation liabilities arising from its self-insured entities in Michigan. Read More |
View All Case Law Developments |
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Federal Actions
Congressional Research Service Issues Report on Insurance Regulation
The Congressional Research Service has issued a report on insurance regulation. Read More
Alternative Risk and Captives
North Carolina Department of Insurance Estimates Over 40 Captives by Year-End
In less than a year since its captive-enabling legislation went into effect, the North Carolina Department of Insurance has licensed 12 captives, including five protected cell captive insurance companies that have multiple cells. There are more than 16 license applications currently under review. Read More
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View All Legislative/Regulatory Developments |
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| Catalina Holdings to Acquire Danielson Indemnity Company Read More |
Stuart Henderson Assumes Chairmanship at NAMIC Annual Convention Read More |
Anti-Fraud Tech Plays Growing Role and Offers ROI, More Insurers Say Read More |
Berkshire Hathaway Specialty Insurance Moves into Fidelity and Crime Insurance Market, Appoints Brian O'Neill as Product Line Leader Read More |
Deere & Company to Review Crop Insurance Business 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, Rivkin Radler 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 ($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@SummitProNets.com.
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| FC&S Legal: The Insurance Coverage Law Information Center |
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