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TODAY'S TOP DEVELOPMENTS Tuesday, October 1, 2013   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 Commercial Property Bad Faith: California Appeals Court Upholds $3,696,414 Arbitration Award Against Insurer A California appellate court has affirmed a trial court's decision confirming an arbitrator's $3,696,414 award in favor of an insured in a bad faith dispute. Read More Commercial General Liability Insurer Obligated to Defend Insured Notwithstanding Policy's SIR Provision A California appellate court has affirmed a trial court's decision that an insurance carrier was obligated to defend its insured notwithstanding its policy's $250,000 self-insured retention ("SIR") where the SIR did not expressly make the insured's payment of the SIR a condition of the insurer's obligation to provide a defense when an arguably covered claim was tendered. Read More Homeowners Insurance No Coverage for Insured Who Shot a Person with His .40 Caliber Glock A federal district court in Alabama has ruled that a homeowner's insurance carrier was not obligated to defend or indemnify an insured who shot a person with his .40 caliber Glock, ruling that the shooting was not an "accident." Read More Automobile Insurance Insured Who Failed to Prove that Bumper Fell from Vehicle Sees Her Judgment Reversed in Hit-and-Run Uninsured Motorist Case An Illinois appellate court has reversed a trial court's decision in favor of an insured in a hit-and-run uninsured motorist insurance coverage case, finding that the insured had failed to demonstrate that a bumper in the road that she hit had fallen from a hit-and-run vehicle. Read More View All Case Law Developments    LEGISLATIVE/REGULATORY Flood Mississippi Insurance Department Sues Federal Government to Stop Flood Program Rate Increases The Mississippi Insurance Department has filed a 36 page complaint against the U.S. Department of Homeland Security, the Federal Emergency Management Agency, and their administrators to try and stop the rate increases proposed for the National Flood Insurance Program. Read More Health Insurance Four Insurers Settle Allegations of Overcharging Seniors on Insurance Policies Four insurance carriers have reached a settlement with New York regulators under which the insurers will pay $2.2 million in restitution to 3,475 New York seniors from across the state to resolve allegations that they overcharged them on insurance policies in violation of New York law. Read More View All Legislative/Regulatory Developments      INDUSTRY NEWS Allied World U.S. Launches New Independent Directors' Liability Insurance Read More Consumers Confused, Overwhelmed by Their Insurance Policies, According to Nationwide Insurance Survey Read More The Hartford Announces Three Year Extension of AARP Home and Auto Insurance Program Read More Daniel MacLean to Join Strategic Risk Solutions Read More Bank of England Governor Mark Carney Elected as First Vice-Chair of European Systemic Risk Board Read More View All Industry News Discussion Insurable Interest in Stolen Autos October, 2013 Browse our entire library of over 2,500 insurance resources and forms.    INSURANCE COVERAGE  LAW REPORT View Entire October/November Insurance Coverage Law Report   View Insurance Coverage Law Report Archives Steven A. Meyerowitz, ESQ. Director, FC&S Legal [email protected] Victoria Prussen Spears, ESQ. Associate Director, FC&S Legal [email protected] 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 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 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]. FC&S Legal: The Insurance Coverage Law Information Center     To ensure future delivery of email, please add [email protected] 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%%. ©2013 Summit Professional Networks, All rights reserved. Privacy Policy 5081 Olympic Blvd Erlanger, KY 41018 1-800-543-0874