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TODAY'S TOP DEVELOPMENTS |
Friday, October 16, 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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Exclusions
Exclusion Barred Coverage for Madoff Losses, N.Y. Appeals Court Rules
An appellate court in New York, reversing a trial court's decision, has ruled that exclusion x in financial institution bonds barred coverage of losses suffered in the Madoff Ponzi scheme. Read More
Automobile Insurance
Louisiana Supreme: Collateral Source Rule Does Not Include Attorney-Negotiated Medical Discounts Obtained in Litigation
The Louisiana Supreme Court has adopted a "bright-line rule" that medical discounts negotiated by a plaintiff's attorney do "not fall within the ambit of the collateral source rule." Read More
Environmental Liability
Mold: Excluded, Mostly, Louisiana District Court Decides
A federal district court in Louisiana has granted partial summary judgment in favor of an insurer as to mold claims and an insurance policy's mold exclusion – but not with respect to mold claims in one particular room in the insured building where, the court said, factual questions related to the cause of the mold in that room could be "better developed at trial." Read More
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 |
View All Case Law Developments |
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Superstorm Sandy
FEMA Seeks to Recover More than $14 Million Paid to Superstorm Sandy Claimants
The Federal Emergency Management Agency is seeking to recover $14 million in Superstorm Sandy grant money from 2,000 New York claimants it says were not entitled to the payments. Read More
In the States
Delaware Joins Anti-Price Optimization Bandwagon
Now, the Delaware Insurance Department is warning property and casualty insurers writing personal lines policies in Delaware against using price optimization. Read More |
View All Legislative/Regulatory Developments |
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One in Four Americans Has Been the Victim of a Data Breach or Cyber Attack, Travelers Reports Read More |
Health Care Costs for Retired Couples Rise to an Estimated $245,000, Fidelity Research Shows Read More |
Insurance Litigator James Fitzgerald Joins Akin Gump from Stroock Read More |
Former Gardere Insurance Coverage Attorneys Stephen Moll and Jim Cooper join Reed Smith as Partners in Houston Read More |
FC&S Legal Publishes "2015 Excess and Surplus Lines Laws: Delaware" 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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View Insurance Coverage Law Report Archives |
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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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