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TODAY'S TOP DEVELOPMENTS Tuesday, January 26, 2016

 
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

Insurance Fraud
N.J. Supreme: Defendant May Be Convicted of Insurance Fraud for Making a False Statement Even If Carrier Ultimately Denied Claim
The New Jersey Supreme Court has ruled that a defendant can be convicted of insurance fraud for making a false statement if the false statement was capable of influencing a reasonable examiner to pay a claim even though the insurance carrier ultimately denied the claim. Read More

Commercial Property
Insured Could Not Recover for Its Engineer's Negotiation Efforts, Louisiana District Court Rules
A federal district court in Louisiana has ruled that an insured was not entitled to recover under its insurance policy for the cost of its engineer's negotiation efforts, even where they arguably resulted in repair work to the insured property being performed at a cost below the estimated cost. Read More

Homeowners Insurance
Arkansas Appeals Court Finds Coverage After Deciding that "Residence Premises" and "Business Pursuit" Were Ambiguous
Reversing a trial court's decision, an appellate court in Arkansas has ruled that the terms "residence premises" and "business pursuit" in a homeowner's insurance policy were ambiguous and that the insured homeowner was entitled to coverage for claims asserting that a fire on her property damaged the underlying plaintiffs' property. Read More

Subrogation
In Subrogation Action, Insurer Found Bound by Insureds' Agreement as to Forum
An appellate court in New Jersey has ruled that an insurance company, in its subrogation action, was bound by its insureds' agreement as to the forum. Read More

View All Case Law Developments
 
 LEGISLATIVE/REGULATORY

In the States

NAIC Releases Report on Profitability by Line by State in 2014
The National Association of Insurance Commissioners has released its "Report on Profitability by Line by State in 2014." The report estimates and allocates profitability in property/casualty insurance by state and by line of insurance.  Read More

In the States
Ohio Law Raises Maximum Possible Claim Payment Amounts for Insureds When Their Insurers Become Insolvent
Senate Bill 223 has become law in Ohio. The bill raises the maximum possible claim payout for disability and long-term care insurance for policyholders from $100,000 to $300,000 and basic hospital, medical, and surgical insurance from $100,000 to $500,000 for claims still pending should an insured's life or health insurance company become insolvent. Read More

View All Legislative/Regulatory Developments
   
 INDUSTRY NEWS
Farmers Insurance Launches New Rideshare Coverage in Wisconsin, Texas, Oklahoma, Ohio, Nevada, Arizona, and Minnesota  Read More

Liberty International Underwriters Announces New Senior Vice Presidents for Environmental, Marine, and Energy & Construction Product Lines  
Read More

XL Catlin Working with Oxbotica to Support Adoption of Mobile Robotic Solutions 
Read More

Charles Higham to Lead the Financial Institutions Group at Everest Specialty Underwriters  
Read More

Insurance Industry Pioneer Richards D. Barger Dies at 87 
Read More

View All Industry News
 
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Q&A
Loss Payable Clause versus Lender's Loss Payable Clause

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Browse our entire library of over 2,500 insurance resources and forms.
 
 INSURANCE COVERAGE
 LAW REPORT
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View Entire January/February Insurance Coverage Law Report
 
View Insurance Coverage Law Report Archives
 
60px_newMeyerowitz Steven A. Meyerowitz, ESQ.
Director, FC&S Legal
smeyerowitz@alm.com
60px_newSpears 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
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