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| TODAY'S TOP DEVELOPMENTS |
Wednesday, October 2, 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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Professional Liability Insurance
Appeals Court Upholds Denial of Law Firm's Bid to Dismiss Malpractice Suit Alleging it Failed to Investigate and Notify Client of Available Insurance
An appellate court in New York has affirmed a trial court's decision denying a law firm's motion to dismiss a legal malpractice action against it based on the firm's alleged failure to investigate and notify its client of available insurance. Read More
Life Insurance
Court Dismisses Company's Claim against Insurer under Variable Universal Life Insurance Policies for Madoff Losses
A federal district court in New York has dismissed an employer's claims against an insurance company under a number of variable universal life insurance policies the employer had purchased for losses it sustained as a result of its investment's exposure to Bernard Madoff's massive Ponzi scheme. Read More
Subrogation
Potential Subrogation Defendant May Not Seek Declaratory Relief, Alabama Supreme Court Holds
The Alabama Supreme Court has ruled that a potential defendant in a subrogation action may not bring an action seeking a declaration that the insurer had no claim against it. Read More
Exclusions
Policy's "Code" Exclusion Bars Coverage for Mandatory Post-Fire Asbestos Remediation, New York Appellate Court Decides
An appellate court in New York has affirmed a trial court's decision that an insurance policy's exclusion for losses or increased costs resulting from enforcement of "any code" barred coverage for costs associated with mandatory asbestos remediation of a building following a fire. Read More |
View All Case Law Developments |
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Flood
Criticizing "Unfair Gap in Insurance Coverage," New York to Compensate Homeowners for "Earth Movement" Damage Due to Storms Irene, Lee, and Sandy
The New York State Housing Recovery Program has announced that it will "fully compensate" homeowners affected by Hurricane Irene, Tropical Storm Lee, and Superstorm Sandy for the repair costs of damage to their homes due to "earth movement." Read More
In the States
Florida Regulator Joins AAIS as VP of Government Affairs
Florida's insurance consumer advocate, Robin Westcott, is leaving that position to become vice president of government affairs for the American Association of Insurance Services. Read More |
View All Legislative/Regulatory Developments |
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| Christian Thimann, Counselor to European Central Bank President Mario Draghi, Joins AXA Read More |
Future of Life Insurance in Europe under Threat as Low Yields Drive Riskier Strategies, According to New Report from Linklaters Read More |
Liberty International Underwriters Launches New Product Recall Policy for Packagers and Co-Packers Read More |
Philadelphia Insurance Companies Names New Senior Vice President of Field Underwriting Read More |
MetLife and BIDV Sign Agree to Form a Life Insurance Company in Vietnam Read More |
View All Industry News
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INSURANCE COVERAGE
LAW REPORT |
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View Entire October/November 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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