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TODAY'S TOP DEVELOPMENTS Friday, March 11, 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.  CASE LAW Superstorm Sandy Flood Coverage Deductible Was $19.2 Million, Not $100,000, Court Rules in Superstorm Sandy Case The U.S. District Court for the Southern District of New York has ruled, in a Superstorm Sandy case, that a flood coverage deductible was $19.2 million, as insurers contended, and not $100,000, as the insured argued. Read More Automobile Insurance Delaware Supreme Court Adopts Majority Rule That Bad-Faith Failure-to-Settle Claim Accrued When Excess Judgment Became Final and Non-Appealable The Delaware Supreme Court, adopting the majority rule, has held that a bad-faith failure-to-settle claim accrued when an excess judgment became final and non-appealable. Read More Surety Surety Bond Issued to Car Dealer Did Not Cover Business Investor's Claims, California Appellate Court Decides An appellate court in California, affirming a trial court's decision, has ruled that a surety bond issued to a car dealer did not cover claims against the dealer brought by a business investor who had never actually purchased any cars.  Read More Excess Sixth Circuit Decides that Kentucky's Top Court Would Not Extend Notice-Prejudice Rule to Claims-Made Policies The U.S. Court of Appeals for the Sixth Circuit has agreed with a prediction by the U.S. District Court for the Eastern District of Kentucky that the Kentucky Supreme Court would "not extend the notice-prejudice rule to a claims-made policy." Read More View All Case Law Developments    LEGISLATIVE/REGULATORY Federal Actions Treasury's Federal Insurance Office Requests Voluntary Data from Insurers Regarding Participation in the Terrorism Risk Insurance Program The U.S. Department of the Treasury's Federal Insurance Office has published a notice in the Federal Register requesting that insurers voluntarily submit certain insurance data and information regarding their participation in the Terrorism Risk Insurance Program. Read More Insurance Fraud Former Police Officer Sentenced for Insurance Fraud Jose E. Urena, a former New York City police officer, has been sentenced to two to six years in prison in connection with a scheme to defraud automobile insurance companies through a series of false claims. Read More View All Legislative/Regulatory Developments      INDUSTRY NEWS Internet of Things and Increasing Digital Demand Signal Major Insurance Industry Disruption, According to Capgemini and Efma Report Read More Gordon & Rees Hires Insurance Coverage Attorney Michael Cawley as Partner in its Philadelphia Office Read More Insurance Litigator Darlene Alt Joins Sedgwick as Partner Read More MagMutual and West Virginia Mutual Insurance Company Form Joint Venture Read More Ironshore Establishes Private Client Group for High Value Homeowners Read More View All Industry News   Discussion Anti-Stacking Provisions Reviewed Browse our entire library of over 2,500 insurance resources and forms.    INSURANCE COVERAGE  LAW REPORT View Entire January/February Insurance Coverage Law Report   View Insurance Coverage Law Report Archives   Steven A. Meyerowitz, ESQ. Director, FC&S Legal smeyerowitz@alm.com Victoria Prussen Spears, ESQ. Associate Director, FC&S Legal vspears@alm.com 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 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. FC&S Legal: The Insurance Coverage Law Information Center    LinkedIn   To ensure future delivery of email, please add admin@list.nationalunderwriter.com 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%%. Copyright ©2016 The National Underwriter Company, A Division of ALM Media LLC. All rights reserved. 4157 Olympic Blvd., Suite 225 Erlanger, KY 41018 1-800-543-0874