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| TODAY'S TOP DEVELOPMENTS |
Friday, October 4, 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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Excess v. Prime
Excess Insurer May Pursue Primary Insurer for Bad Faith Failure to Settle Within Its Policy Limits, Missouri Appeals Court Rules
In a case of first impression, a Missouri appellate court has ruled that an excess insurance carrier can recover from a primary insurer on a theory of equitable subrogation the amounts contributed from the excess policy as a result of the primary insurer's bad faith failure to settle a claim within the policy limits. Read More
Professional Liability Insurance
Policy's Prior Knowledge Provision Dooms Coverage Action by Lawyer and His Firm Against Malpractice Carrier
A federal district court in Pennsylvania has ruled that a professional liability insurance policy's prior knowledge provision barred coverage of a malpractice action against a lawyer and his firm where a disciplinary complaint against the lawyer had been initiated prior to the policy's effective date. Read More
Title Insurance
Court Certifies Class Against Title Insurer in Case Alleging Excessive Refinancing Charges
A federal district court in Connecticut has certified a class action in a case brought against a title insurance company alleging that it charged excessive refinancing fees. Read More
Flood
Court Rejects Homeowners Claims under Standard Flood Insurance Policy Because His Basement Was Not Covered and He Had Not Filed a Proof of Loss
A federal district court in Indiana has dismissed a homeowners action against the issuer of his standard flood insurance policy, Fidelity National Property and Casualty Insurance Company, a "Write Your Own" Program Carrier participating in the National Flood Insurance Program. Read More |
View All Case Law Developments |
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Accounting
FASB to Hold Roundtable Meetings on Insurance Proposal
The Financial Accounting Standards Board will host public roundtable meetings on the changes it proposed in June to the accounting rules for insurance contracts. Read More
Flood
FEMA Extends Superstorm Sandy Proof of Loss Deadline for Flood Claims to April 28, 2014
The deadline for standard flood insurance policy policyholders to send their complete proofs of loss with all documentation to fully support their Superstorm Sandy-related claims has been extended to April 28, 2014. Read More |
View All Legislative/Regulatory Developments |
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| P&C Insurers Say Workforce Management Is Their Primary Claim-Related Challenge, According to Towers Watson Survey Read More |
Penn Mutual Life Insurance Introduces New Protection Guard Universal Life Product Read More |
W. R. Berkley Corporation Names Alastair Blades Chief Executive of W. R. Berkley Syndicate Management Limited Read More |
Travelers Launches New Suite of Online Cyber Risk Resources for Business Owners Read More |
AmTrust Financial Services Announces Its Intent to Acquire The Insco Dico Group 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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