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TODAY'S TOP DEVELOPMENTS Tuesday, February 9, 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.


Court Rejects Claim for “Time Element” Losses Where Flooding Did Not Affect “Direct Supplier”
The U.S. District Court for the Central District of California has rejected an insured’s claim for “time element” losses where the manufacturing facilities affected by a monsoon in Thailand were not those of a direct supplier. Read More

Superstorm Sandy
Flood Sublimit Applied to “Time Element” Losses in Superstorm Sandy Case, Delaware State Court Rules
A Delaware state court, in a Superstorm Sandy case, has ruled that the limit of liability for flood damage in a commercial property insurance policy applied to “time element” losses, including extra expenses such as loss of business income, service interruption expenses, extended period of liability expenses, and rental insurance extended period of liability expenses, claimed by the insureds. Read More

Superstorm Sandy
In Superstorm Sandy Case, NY Court Rules that Insured’s Release of Storage Company Doomed Insurer’s Subrogation Action
A New York trial court has dismissed a subrogation action brought by an insurance company against a warehouse for damage caused by Superstorm Sandy to its insured’s artwork, concluding that the insured’s release of the warehouse from any liability for physical loss to the art meant that the insurer could not assert claims against the warehouse. Read More

Maryland Appeals Court Rejects Insurer’s Subrogation Action Where, Post-Fire, Insurer Demolished the Insured Property
An appellate court in Maryland has affirmed a trial court’s decision in favor of the defendant in a subrogation action brought by an insurance company where the insurer demolished the insured property after a fire, which prevented the defendant from investigating the cause of the fire on its own – even though the insurer had preserved evidence of what it believed was the cause of the fire.  Read More

View All Case Law Developments

In the States

H. Brian Maynard is Kentucky’s New Insurance Commissioner
H. Brian Maynard of Louisville, Kentucky, has been appointed commissioner of the Kentucky Department of Insurance.  Read More

In the States
Florida’s Citizens Property Insurance Policy Count Drops Below 500,000
Florida’s Citizens Property Insurance Corporation has reduced its policy count to under 500,000. Read More

View All Legislative/Regulatory Developments
Horizon Blue Cross Blue Shield of New Jersey Creates New Corporate and Regulatory Affairs Division; Makes Leadership Appointments  Read More

Willis Re and Measure Form Strategic Partnership to Advance Drone Usage for Insurance Industry  
Read More

XL Group Completes Acquisition of Allied International Holdings  
Read More

More than Half of Insurers Consider Setting up Aggregator Sites to Sell Their Own and Other Insurers’ Products, Accenture Study Finds  
Read More

Insurance Information Institute President Dr. Robert Hartwig to Step Down  
Read More

View All Industry News
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60px_newMeyerowitz Steven A. Meyerowitz, ESQ.
Director, FC&S Legal
60px_newSpears 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
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

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