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| TODAY'S TOP DEVELOPMENTS |
Tuesday, October 4, 2016 |
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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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Attorney's Fees
Florida Supreme: Incorrect Denial of Benefits Alone – Not Insurer Bad Faith – Permits Statutory Award of Attorneys' Fees to Insured
The Florida Supreme Court, reversing an appellate court's decision, has ruled that an insured's recovery of attorneys' fees under Section 627.428, Florida Statutes, does not require bad faith or maliciousness on the part of an insurance company in the denial of a valid claim, but only an incorrect denial of benefits. Read More
Workers Compensation
West Virginia's Top Court Explores Meaning of "May" in Workers' Comp Law
The Supreme Court of Appeals of West Virginia has ruled that the use of the word "may" in West Virginia's workers' compensation law was "inherently permissive in nature" and signified that the legislature "meant to make the referenced act discretionary, rather than mandatory." Read More
Excess
Excess Policy's "Prior Insurance" Clause Was Ambiguous, Connecticut District Court Decides
A federal district court in Connecticut, applying California law, has ruled that the phrase "any other excess policy" in a prior insurance section of an excess policy included only other prior excess policies issued by that excess insurer – not by any other insurer. Read More
Best of September
Top 10 Insurance Coverage Case Law Developments for September
Here are the Top 10 Insurance Coverage Case Law Developments for September 2016. Read More |
View All Case Law Developments |
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Life Insurance
FASB Issues Proposed Changes to Accounting Guidance for Long-Duration Contracts Issued by Insurance Companies
The Financial Accounting Standards Board has issued a proposed accounting standards update that, it said, is intended to improve financial reporting for insurance companies that issue long-duration contracts, such as life insurance, disability income, long-term care, and annuities. Read More
In the States
Ohio State Senator Named NAMIC's 2016 State Legislator of the Year
The National Association of Mutual Insurance Companies has named Bob Hackett, an Ohio state senator, as the association's State Legislator of the Year. Read More |
View All Legislative/Regulatory Developments |
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| Liberty Mutual Insurance Appoints Michael Prestileo Senior Vice President and General Manager for Liberty Mutual Benefits Distribution Read More |
Arch Insurance Group Appoints James Slate Senior Vice President and Head of Accident & Health in the U.S. Read More |
AIG Names Hugh Tamassia Chief Enterprise Architect Read More |
AEGIS Names Owen Ryan as CEO; Alan Maguire to Retire After Leading AEGIS for Over 20 Years Read More |
Travelers Risk Index Identifies Top Concerns of Consumers and Business Leaders Read More |
View All Industry News |
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INSURANCE COVERAGE
LAW REPORT |
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View Entire Fall Insurance Coverage Law Report |
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Victoria Prussen Spears, ESQ.
Associate Director, FC&S Legal
vspears@alm.com |
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| FC&S Legal Editorial Advisory Board |
Mitchell J. Auslander, Willkie Farr & Gallagher LLP
Carrie Cope, Cope Ehlers, 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
Cort T. Malone, Anderson Kill, P.C. |
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Richard 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
Thomas F. Segalla, Goldberg Segalla
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@nuco.com.
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| FC&S Legal: The Insurance Coverage Law Information Center |
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