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TODAY'S TOP DEVELOPMENTS |
Thursday October 23, 2014 |
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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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Subrogation
Can Insurer Sue Under Its Trade Name? Wisconsin Court, Applying Ohio Law, Decides that It Can
A federal district court in Wisconsin, applying Ohio law, has ruled that an insurance company had the legal capacity to bring a subrogation action under its trade name. Read More
Commercial Lines
Anatomy of a Bad Faith Case: How a Court, Finding No Duty to Defend, Still Ruled that the Insurer Had Acted in Bad Faith
A recent decision by a federal district court in Washington, finding that an insurance company had no duty to defend an additional insured but nevertheless had acted in bad faith, highlights the issues and considerations that go into such a finding and is worth exploring in detail. Read More
Commercial General Liability
Court Resolves International Choice-of-Law Problem in Contribution Case
A federal district court in New York has answered the question of which statute of limitations applied to a dispute in equity between an Israeli insurance company and two New York-based (and Pennsylvania-incorporated) insurance companies arising from claims paid in Israel on policies written to a California-based (and Delaware-incorporated) worldwide construction firm. Read More
Life Insurance
Insurer Not Liable to First Assignee of Life Insurance Benefits for Paying Benefits to Second Assignee, Texas Appeals Court Concludes
An appellate court in Texas, affirming a trial court’s decision, has ruled that a life insurance company was not liable to the first assignee of benefits under a life insurance policy for paying the benefits to the second assignee, even though it had been aware of the first assignment before it had received a claim from the second assignee. Read More |
View All Case Law Developments |
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Federal Actions
In Letter to Treasury Secretary Lew, Delaware Insurance Commissioner Objects to MetLife’s SIFI Designation
Delaware Insurance Commissioner Karen Weldin Stewart has asked Treasury Secretary Jacob Lew to reconsider the proposed determination by the Financial Stability Oversight Council that MetLife, Inc., should be designated a nonbank systemically important financial institution under the Dodd-Frank Wall Street Reform and Consumer Protection Act. Read More
Insurance Fraud
New Jersey Woman Acknowledges Scamming Health Care Insurer More than 100 Times
A Monmouth County, New Jersey, woman has pleaded guilty for submitting fraudulent healthcare claims that totaled more than $500,000 to her insurer over a two-year span. Read More
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View All Legislative/Regulatory Developments |
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Insurance Industry’s Artists Showcasing Artwork at Lloyd’s Annual Art Show Read More |
Rowley Higgs Is Appointed Mergers & Acquisitions Underwriter at XL Group Read More |
Swiss Re Admin Re to Sell U.S. Subsidiary Aurora to Reinsurance Group of America Read More |
Former AXA Equitable Associate General Counsel Dodie C. Kent Joins Sutherland as a Partner in New York Read More |
Hamilton U.S. Holdings Acquires Valiant Insurance Company and Valiant Specialty Insurance Company 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, Rivkin Radler 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 ($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@SummitProNets.com.
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FC&S Legal: The Insurance Coverage Law Information Center |
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