Problems viewing this email? Click Here

TODAY'S TOP DEVELOPMENTS Friday, February 28, 2014   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 Commercial General Liability Contingent Business Interruption Coverage Claim Fails Where Manufacturer's Losses Did Not Stem from a "Direct" Supplier The U.S. Court of Appeals for the Fourth Circuit, reversing a district court decision, has ruled that a titanium dioxide processor was not entitled to contingent business interruption coverage for losses it had suffered when it had to close down its processing facility, where the losses did not stem from a "direct" supplier. Read More Life Insurance Court Rejects Claim for "Accidental Death" Benefits Where Heart Disease Was At Least a "Contributing Factor" to the Insured's Death in Auto Accident A federal district court in Massachusetts has granted summary judgment to an insurance carrier, finding that it was not liable for accidental death benefits where the evidence demonstrated that the insured's heart disease was at least a contributing factor to his death in an automobile accident. Read More Commercial General Liability Policy Exclusions Bar Coverage for "Unsolicited Fax" Claims under Telephone Consumer Protection Act, Court Decides A federal district court in Oklahoma has ruled that exclusions in commercial general liability insurance and umbrella policies excluded coverage for claims against the insured for sending unsolicited fax advertisements in violation of the federal Telephone Consumer Protection Act and the Illinois Consumer Fraud and Deceptive Business Practice Act, and for common law conversion. Read More Professional Liability Insurance Attorney's Late Notice of Claim Did Not Prejudice Insurer, Entitling Him to a Defense, Wisconsin Appeals Court Rules An appellate court in Wisconsin has ruled that a professional liability insurance company was obligated to defend its insured, an attorney, in a lawsuit brought by former clients against the attorney despite the attorney's late notice of the claim where the insurer was unable to demonstrate that the delay had resulted in prejudice to it. Read More View All Case Law Developments    LEGISLATIVE/REGULATORY Life Insurance U.S. Reportedly Is Examining Tax Evasion Implications of Swiss Private Placement Life Insurance Policies Having made their position quite clear with respect to undeclared Swiss bank accounts held by U.S. citizens, the U.S. Justice Department and the Internal Revenue Service reportedly are examining the income tax evasion properties, if any, associated with private placement life insurance policies issued to Americans by Swiss insurance companies. Read More Flood As House Moves to Vote on Flood Insurance Bill, Groups Warn of Risks and Advocate Alternatives  Is the House of Representatives about to "roll back vital reforms" to the National Flood Insurance Program and on the verge of voting to "gut" the Biggert-Waters Act? Or is its expected vote on flood insurance legislation an effort to correct unintended consequences of the Act? Read More View All Legislative/Regulatory Developments      INDUSTRY NEWS FC&S Legal Publishes Nelson Levine de Luca & Hamilton's Bad Faith Compendium: Maryland Read More Insurance Coverage Litigator Erika Bright Joins Wick Phillips as Partner Read More Insurance Information Institute Publishes 2014 Edition of "A Firm Foundation: How Insurance Supports the Economy" Read More Dan Fishbein to Become President of Sun Life Financial U.S. Business Group Read More Ironshore Names James Bishop to Lead Its New Yacht Insurance Business Read More View All Industry News Q&A Residence Issue When Insured Travels for Business More Than He Is at Home Browse our entire library of over 2,500 insurance resources and forms.    INSURANCE COVERAGE  LAW REPORT View Entire March Insurance Coverage Law Report   View Insurance Coverage Law Report Archives Steven A. Meyerowitz, ESQ. Director, FC&S Legal [email protected] Victoria Prussen Spears, ESQ. Associate Director, FC&S Legal [email protected] 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 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 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]. FC&S Legal: The Insurance Coverage Law Information Center    LinkedIn   To ensure future delivery of email, please add [email protected] to your address book, contacts or safe sender list. You have received this email at %%merge members_.emailaddr_%%. Click here to unsubscribe from %%merge list.descshort%%. ©2014 Summit Professional Networks, All rights reserved. Privacy Policy 5081 Olympic Blvd Erlanger, KY 41018 1-800-543-0874