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| TODAY'S TOP DEVELOPMENTS |
Thursday, October 15, 2015 |
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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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Crime
No Coverage for Investment Earnings Lost through Advisors' Fraud, District Court Holds
The U.S. District Court for the District of Minnesota has ruled that a crime policy did not cover returns that the insured asserted it had earned on certain of its investments but had lost through the fraud of its investment advisors, concluding that the insured had not "owned" those earnings. Read More
Commercial General Liability
Allegations that Insured Recorded Consumers' Phone Calls Were Not Covered in Absence of Assertion that Information Also Had Been Published, Seventh Circuit Rules
The U.S. Court of Appeals for the Seventh Circuit, affirming a decision by the U.S. District Court for the Southern District of Indiana, has ruled that a commercial general liability insurance policy did not provide coverage for a lawsuit alleging that the insured had recorded consumers' phone calls in the absence of allegations that the consumers' information also had been published. Read More
Verdicts & Settlements
Jury Finds that Chiropractor Did Not Cause Patient's Back Fracture
A jury in Ohio has rejected a plaintiff's allegation that a chiropractor had negligently aggravated or directly precipitated a fracture in her back. Read More
Superstorm Sandy
One-Year Limitations Period Was Not Extended Where Insurer Gave "Unequivocal Denial" of Homeowners' Superstorm Sandy Claim
A federal district court in New Jersey, in a Superstorm Sandy case, has rejected homeowners' arguments that the one-year limitations period in their policy had been tolled. Read More |
View All Case Law Developments |
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In the States
Texas Insurance Commissioner Names New TWIA Board
Texas Commissioner of Insurance David Mattax has appointed nine members from across Texas to serve on the board of directors of the Texas Windstorm Insurance Association. Read More
Workers Compensation
New York Transport Company Owners Charged with Bilking Medicaid for Over $1 Million by Operating without Workers' Comp Insurance
Kenneth and Sharon Cohn and their company, Yellow Medi-Van and Taxi, Inc., a transportation business in upstate Broome County, New York, have been charged with violating the New York workers' compensation law and illegally obtaining over $1 million from the Medicaid system. Read More |
View All Legislative/Regulatory Developments |
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| Health Care Costs for Retired Couples Rise to an Estimated $245,000, Fidelity Research Shows Read More |
Conan Ward Resigns as CEO of Hamilton USA Read More |
New York Life Selected as Exclusive Long-Term Care Options Provider to AARP Members Read More |
Allied World Introduces Enhanced Policy for Insurance Agents and Brokers Read More |
QBE Appoints Walter Grote SVP of Commercial Lines P&C Read More |
View All Industry News |
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INSURANCE COVERAGE
LAW REPORT |
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View Entire Septmeber/October 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, 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
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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