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| TODAY'S TOP DEVELOPMENTS |
Wednesday, January 27, 2016 |
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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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Commercial General Liability
Coverage Found Even Though Underlying Complaint Disclaimed Seeking Recovery of Damages for Physical Injury
The U.S. District Court for the Northern District of California has ruled that an insurer was obligated to defend its insured against a lawsuit that alleged facts supporting a potential claim for bodily injury or property damage – but that also explicitly disclaimed seeking recovery for any damages for physical injury. Read More
Commercial Property
Coverage Found for Chickens Destroyed After Plant Was Closed for Salmonella and Cockroaches
The U.S. District Court for the Eastern District of California has ruled that "Accidental Contamination" and "Government Recall" provisions in a product contamination insurance policy covered losses sustained by the insured poultry producer when its plant was closed and it had to destroy 1.3 million pounds of chicken after regulators said they found salmonella and cockroaches at the facility. Read More
Reinsurance
In Asbestos Coverage Dispute, N.Y. District Court Applies Follow-the-Settlement Doctrine After Ruling that Insurer's Settlement with Insured Was Reasonable
The U.S. District Court for the Northern District of New York has ruled that a settlement between an insurer with its insured was reasonable and, therefore, it applied the follow-the-settlement doctrine in a dispute between that insurer and its reinsurer. Read More
Commercial General Liability
Montana Supreme: Undefined Term "General Aggregate" Was Ambiguous and Maximum Amount Applied Individually to Both Underlying Coverages
The Montana Supreme Court has ruled that the commonly used – but undefined – term "general aggregate" was ambiguous in a commercial transportation insurance policy and, as a result, the maximum amount applied to all coverages under the entire policy. Read More |
View All Case Law Developments |
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In the States
Oregon Merges Insurance Division into New Division of Financial Regulation
Oregon has merged the Insurance Division and the Division of Finance and Corporate Securities of the Department of Consumer and Business Services into one division. The new division is named the Division of Financial Regulation. Read More
Insurance Fraud
Los Angeles Nightclub Owner Charged with Felony Insurance Fraud
Los Angeles nightclub owner Jonathan DeVeaux has been charged with multiple counts of insurance and tax fraud totaling more than $1.1 million. Read More |
View All Legislative/Regulatory Developments |
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| Church Mutual Promotes Kevin Root to Senior Vice President of Operations and Jeffrey Steffen to Vice President and CFO Read More |
AIG Increases Global Commercial Property Limits to $2.5 Billion Read More |
Aviva to Acquire RBC General Insurance Company Read More |
MetLife and New York State Common Retirement Fund Form Real Estate Investment Venture; Initial Portfolio Valued at More Than $1.4 Billion Read More |
Aspen Insurance Appoints Robert Rokicki U.S. Head of Onshore Energy & Construction Read More |
View All Industry News |
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INSURANCE COVERAGE
LAW REPORT |
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View Entire January/February Insurance Coverage Law Report |
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| View Insurance Coverage Law Report Archives |
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Victoria Prussen Spears, ESQ.
Associate Director, FC&S Legal
vspears@alm.com |
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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
Cort T. Malone, Anderson Kill, P.C. |
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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 |
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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@nuco.com.
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| FC&S Legal: The Insurance Coverage Law Information Center |
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