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TODAY'S TOP DEVELOPMENTS Thursday, July 25, 2013 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 Commercial Property Circuit Finds Coverage for Lathe Destroyed while Waiting Transport from Terminal The U.S. Court of Appeals for the Eighth Circuit has ruled that a commercial property insurance policy's "newly acquired property extension" provided coverage for a lathe that was destroyed at a terminal while waiting to be transported to a customer. Read More Automobile Insurance Motorcyclist Entitled to PIP Benefits Even Though His Motorcycle Insurer Had Not Filed Required Statutory Certification Addressing an issue of apparent first impression, a Michigan appeals court has ruled that a non-resident motorcyclist who was involved in an accident with a motor vehicle in Michigan was entitled to personal injury protection benefits even though the insurer of his motorcycle had not filed a certification under Michigan law, where the motorcyclist was covered under an automobile policy issued by a different insurer that had filed such a certification. Read More Automobile Insurance Oral Binder May Form Basis for Policy Reformation and Retroactive Coverage, But Did Not Establish Bad Faith on Its Own, Court Rules A federal district court in California has ruled that although an oral binder may form the basis for policy reformation and retroactive coverage, it did not, on its own, establish bad faith and, even if it constituted an oral promise, did not open the door for retroactive application of the implied covenant of good faith and fair dealing. Read More Homeowner's Insurance Court Limits Statutory Refusal-to-Pay and Common Law Fraud Claims against Insurers under Missouri Law A federal district court in Missouri has limited the ability of insureds to bring statutory vexatious-refusal-to-pay and common law fraud claims against insurers. Read More View All Case Law Developments LEGISLATIVE/REGULATORY Workers Compensation N.J. Governor Christie Vetoes First Responders' Worker's Comp Bill New Jersey Governor Chris Christie has vetoed Senate Bill No. 1778, the "Thomas P. Canzanella Twenty First Century First Responders Protection Act," relating to worker's compensation benefits for public safety workers. Read More Alternative Risk and Captives Missouri Department of Insurance Names New Captive Manager: Maria Sheffield The Missouri Department of Insurance has named Maria Sheffield as its new captive program manager. Read More View All Legislative/Regulatory Developments INDUSTRY NEWS Ben Nelson Honored as Distinguished Nebraskan Read More Natural Disasters Caused $85 Billion in Global Economic Losses During First Half of 2013, Report Finds Read More Physicians Blame Trial Lawyers and Insurance Companies for Health Care Costs Read More Reputation the Hardest Risk to Manage and Insure, ACE Research Finds Read More Allied World Bermuda Launches Liability Coverage for Accountable Care Organizations Read More View All Industry News Discussion The Plight of Blanket Additional Insureds Browse our entire library of over 2,500 insurance resources and forms. INSURANCE COVERAGE LAW REPORT View Entire July Insurance Coverage Law Report View Insurance Coverage Law Report Archives Steven A. Meyerowitz, ESQ. Director, FC&S Legal Victoria Prussen Spears, ESQ. Associate Director, FC&S Legal 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 Cort T. Malone, Anderson Kill & Olick, P.C. D. Milone, Kelley Drye & Warren LLP Joseph P. Monteleone, Tressler 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 FC&S Daily Legal Report ($795 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 on how to subscribe to FCS& Legal, please contact customer service at 1-800-543-0874 or customerservice@sbmedia.com. FC&S Legal: The Insurance Coverage Law Information Center To ensure future delivery of email, please add [email protected] 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%%. ©2013 Summit Business Media, All rights reserved. Privacy Policy 5081 Olympic Blvd Erlanger, KY 41018 1-800-543-0874