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TODAY'S TOP DEVELOPMENTS |
Tuesday, February 14, 2017 |
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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 A Fire, and "Good Reason to Suspect Arson," Doomed Insureds' Bad Faith Claim
An appellate court in Arizona, affirming a trial court's decision, has ruled that an insurance company had not acted in bad faith by unreasonably delaying an investigation of its insureds' fire loss claim because it had "good reason to suspect arson." Read More
Commercial Property
A Fire the Day After Policy Was Canceled for Nonpayment Was Not Covered, Even Where Insured Then Electronically Paid Premium
An appellate court in New Jersey has ruled that a commercial property policy had been effectively canceled prior to a fire and that an electronic payment on the insurer's web-based portal did not estop the insurer from rejecting the claim. Read More
Homeowners Insurance
A Fire Followed by an Alford Plea to Insurance Fraud Led to a Canceled Homeowner's Insurance Policy, and No Coverage
A Georgia homeowner who pleaded guilty to insurance fraud after a fire at her home could not recover under her homeowner's insurance policy, which was canceled as a result of her plea, a federal district court in Georgia has ruled. Read More
Homeowners Insurance
A Fire, and Coverage After a Jury Finds That Home Actually Was the Insured's Residence
A federal district court in Indiana has refused to overturn a jury verdict finding that the insured used a home as his "residence" and that, as a result, he could recover for the damage caused by a fire there — notwithstanding "competing sets of evidence" on that issue. Read More |
View All Case Law Developments |
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In the States
Former AIG CEO Maurice R. Greenberg and Former AIG CFO Howard I. Smith Settle Action with New York Attorney General
New York State Attorney General Eric T. Schneiderman has reached a settlement of his office's securities fraud lawsuit under the New York State Martin Act against Maurice R. ("Hank") Greenberg, the former chief executive officer of American International Group, Inc., and Howard I. Smith, the company's former chief financial officer. Read More
Insurance Fraud
Franklin Insurance Agent Sentenced to Prison for Stealing Over $100,000 from Elderly Client Scott Rolin, a former Tennessee insurance agent, has been sentenced by U.S. District Judge Waverly D. Crenshaw, Jr., to 18 months in prison, followed by three years of supervised release, for stealing over $100,000 from an elderly client. Read More |
View All Legislative/Regulatory Developments |
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Neon Bermuda Appoints Nick Pritchard as Head of Property Reinsurance Read More |
Top Youth Volunteers of 2017 Honored Nationwide by Prudential Read More |
XL Catlin's Bermuda Professional Lines Insurance Business Launches D&O Coverage for Corporate Misconduct Investigations Read More |
FC&S Legal Publishes "Four-Corners Rule Carries the Day for Policyholders on Hurricane Claim" Read More |
U.S. Weather Losses Exceeded $1 Billion in January, Aon Reports Read More |
View All Industry News |
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INSURANCE COVERAGE
LAW REPORT |
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View Entire Winter 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, Cope Ehlers, 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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