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TODAY'S TOP DEVELOPMENTS Wednesday, December 9, 2015   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.  CASE LAW Automobile Insurance Michigan Appeals Court Affirms Decision Permitting Insurer to Rescind Optional UIM Coverage Based on Insured's Post-Accident False Statements An appellate court in Michigan, affirming a trial court's decision, has ruled that an insurance company could rescind optional underinsured motorist coverage where the insured made false statements following an accident. Read More Crime Crime Policy Did Not Cover Inflated Bids But Did Cover Kickbacks to Employee, New Jersey District Court Holds A federal district court in New Jersey has ruled that the share of padded payments taken by the insured's employee constituted "employee theft" under a crime policy — but that the excess amount the insured paid to a third party on inflated bids was not covered by the policy. Read More Employee Benefits 8th Circuit: Insured's Failure to Cancel One Disability Policy Did Not Allow Insurer to Rescind Its Newer Policy The U.S. Court of Appeals for the Eighth Circuit, reversing a decision by the U.S. District Court for the District of Minnesota, has ruled that, under applicable Wisconsin law, an insurance company could not rescind a disability insurance policy of an insured it claimed was over-insured because of his failure to cancel an existing policy at the time it issued its policy, as he had agreed to do. Read More Eye on the Experts Second Circuit Refuses to Reconsider Important Decision on Single Versus Multiple Occurrences under General Liability Policy This Eye on the Experts article explains a recent opinion by the U.S. Court of Appeals for the Second Circuit denying a petition for rehearing by National Liability & Fire Insurance Company with respect to the court's decision issued in September in National Liability v. Aaron Itzkowitz, et al. That decision contains a discussion of the "unfortunate events" test followed by New York courts in determining whether multiple events constitute a single "occurrence" or multiple "occurrences" under a general liability policy. Read More View All Case Law Developments    LEGISLATIVE/REGULATORY Reinsurance Qatar Re Receives Regulatory Approval to Domicile in Bermuda Qatar Reinsurance Company Ltd has completed the process of re-domiciling to Bermuda. At the same time the company has been granted a Class 4 license from the Bermuda Monetary Authority, following all regulatory approvals. Read More In the States Texas Department of Insurance General Counsel Sara Waitt to Retire Texas Department of Insurance General Counsel Sara Waitt is retiring after 24 years with the agency. Read More View All Legislative/Regulatory Developments      INDUSTRY NEWS Chubb to Provide Art Collectors Additional Risk Management Services  Read More RGA to Acquire $22 Billion Block of U.S. Term Life Reinsurance from XL Group  Read More Everest Insurance Announces Several Leadership Appointments within Executive Solutions Group  Read More Aspen Insurance Holdings Limited Appoints Karl Mayr as Director  Read More Kinsale Insurance Forms Inland Marine Division; Appoints Division Manager  Read More View All Industry News   Form Analysis Product Withdrawal Coverage Form Browse our entire library of over 2,500 insurance resources and forms.    INSURANCE COVERAGE  LAW REPORT View Entire November/December Insurance Coverage Law Report   View Insurance Coverage Law Report Archives   Steven A. Meyerowitz, ESQ. Director, FC&S Legal smeyerowitz@alm.com Victoria Prussen Spears, ESQ. Associate Director, FC&S Legal vspears@alm.com 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. 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 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. FC&S Legal: The Insurance Coverage Law Information Center    LinkedIn   To ensure future delivery of email, please add admin@list.nationalunderwriter.com to your address book, contacts or safe sender list. You have received this email at %%merge members_.emailaddr_%%. Click here to unsubscribe from %%merge list.descshort%%. Copyright ©2015 The National Underwriter Company, A Division of ALM Media LLC. All rights reserved. 4157 Olympic Blvd., Suite 225 Erlanger, KY 41018 1-800-543-0874