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| TODAY'S TOP DEVELOPMENTS |
Tuesday, February 11, 2014 |
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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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Homeowners Insurance
Citibank Agrees to Pay $110 Million to Settle Force-Placed Insurance Suit
Citibank, N.A., and CitiMortgage, Inc., have agreed to settle a putative class action lawsuit over force-placed insurance. Under the settlement, members of the proposed settlement classes will be entitled to receive more than $110 million in refunds of premiums that were charged to their accounts by Citi. Read More
Reinsurance
Internal Revenue Service May Not Impose Excise Tax on Retrocessions, Federal Court Rules
A federal district court has ruled that 26 U.S.C. §4371 did not impose an excise tax on retrocession insurance transactions. Read More
Subrogation
FEHBA Does Not Preempt Missouri Law Barring Subrogation of Personal Injury Claims, Missouri’s Top Court Holds
The Missouri Supreme Court has ruled that the Federal Employee Health Benefits Act did not preempt Missouri law barring subrogation of personal injury claims. Read More
Commercial Property
Tenth Circuit Rejects Insurer’s Argument that Policy’s Non-Assignment Provision Precludes Assignment of Post-Loss Claim
The U.S. Court of Appeals for the Tenth Circuit, reversing a district court decision, has ruled that a non-assignment provision in a commercial property insurance policy did not preclude assignment of a post-loss claim under the policy. Read More |
View All Case Law Developments |
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Automobile Insurance
Defendant Intentionally Caused Dozens of Car Crashes to Defraud Insurance Companies, Jury Finds
A federal jury in Manhattan has found Maxo Jean guilty of conspiracy to commit mail, wire, and health care fraud for orchestrating and carrying out a multi-year scheme to intentionally cause more than 30 car crashes, obtain unnecessary medical treatment, and file fraudulent claims for insurance benefits. Read More
Health Insurance
Massachusetts Acts to Fix Health Care Website Problems
Massachusetts Governor Deval Patrick has taken a series of actions in an effort to “provide a clear path forward to developing a fully functioning website that will give residents easy access to the choice, benefits and expanded subsidies created by the Affordable Care Act.” Read More
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View All Legislative/Regulatory Developments |
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| FC&S Legal Publishes Nelson Levine de Luca & Hamilton’s Bad Faith Compendium: Florida Read More |
AXIS Insurance Establishes Health Care Liability Insurance Unit Read More |
Society of Risk Management Consultants Names New Officers Read More |
Clements Worldwide Appoints New Managing Director for London Operations Read More |
Tower Group’s Chief Resigns; Jan R. Van Gorder and William W. Fox, Jr., Named as Successors Read More |
View All Industry News
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INSURANCE COVERAGE
LAW REPORT |
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View Entire February Insurance Coverage Law Report |
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| View Insurance Coverage Law Report Archives |
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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
Donald S. Malecki, Malecki, Deimling, Nielander &
Associates, LLC |
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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 |
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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 [email protected].
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| FC&S Legal: The Insurance Coverage Law Information Center |
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