Commercial Property
Claim for "Replacement Cost" Proceeds Survives Insured's Sale of Damaged Property in Its Unrepaired State, Seventh Circuit Rules
The U.S. Court of Appeals for the Seventh Circuit has ruled that a claim for "replacement cost" proceeds under a property insurance policy survived the insured's sale of the damaged property in its unrepaired state. Read More

Automobile Insurance
Michigan Insurer Is Subject to Florida Jurisdiction in Bad Faith Case, Appeals Court Decides in Reversing Trial Court
Reversing a trial court's decision, a Florida appellate court has ruled that a Michigan auto insurer that only issued policies to Michigan drivers was subject to Florida's long arm law in a bad faith case. The appellate court distinguished a Florida Supreme Court decision reaching a different result in a case involving personal injury protection benefits. Read More

Directors & Officers
First Circuit Confirms Breadth of "Known Circumstances" Exclusion
The U.S. Court of Appeals for the First Circuit has affirmed a district court's decision that a directors and officers policy’s "Known Circumstances Exclusion" barred coverage for losses suffered by an insured school in a lawsuit over a $500,000 gift. Read More

Homeowners Insurance
Court Dismisses Homeowners' Force-Place Insurance Claims under RESPA and the FDCPA
A federal district court in Alabama has dismissed two homeowners' force-place insurance-related claims against a lender and mortgage servicer under the Real Estate Settlement Procedures Act and the Fair Debt Collection Practices Act. Read More