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TODAY'S TOP DEVELOPMENTS Friday, March 21, 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 Superstorm Sandy Insurers' Filing Sets Forth Roadmap to Their Likely Defenses Liaison counsel for insurance companies in the over 800 Superstorm Sandy insurance coverage-related cases pending in the U.S. District Court for the Eastern District of New York has filed a list of commonly occurring legal issues and defenses that the insurers anticipate may arise in the Sandy cases, along with relevant case law or other authority addressing these issues. The document essentially is a roadmap to the insurers' defenses in these suits. Read More Insurance Bond "In Transit" Clause Covered Theft While Plaintiffs' Cash Was Being Processed at Vault, New York Appeals Court Decides An intermediate appellate court in New York, reversing a trial court's decision, has ruled that insureds were entitled to coverage under the "In Transit" clause of an insurance bond for losses they sustained while their cash was being processed at a vault in between the Federal Reserve Bank, where it was picked up, and the insureds' check-cashing businesses and ATMs, where it was to be delivered. Read More Subrogation Judge Posner Dismisses "Frivolous" Appeal of Contempt Order in Subrogation Case and Orders District Court to Consider Whether Lawyer and Client Should Be Jailed Judge Richard Posner of the U.S. Court of Appeals for the Seventh Circuit has written the opinion for a panel of three judges dismissing a "frivolous" appeal by a lawyer and his client from a district court order holding them in contempt in a subrogation case. Read More Homeowners Insurance Insured's Statements in Bankruptcy about Value of His Assets Doom His Subsequent Insurance Claim for Stolen Property A federal district court in Michigan has ruled that a homeowners insurance policy was void where the insured sought coverage for property allegedly stolen from him that he had not said he owned several years earlier when he had entered bankruptcy. Read More View All Case Law Developments    LEGISLATIVE/REGULATORY Homeowners Insurance Florida Senate Committee Passes Legislation Creating Homeowner Claims Bill of Rights The Florida Senate Appropriations Committee has passed Senate Bill 708, which would create a "Homeowner Claims Bill of Rights" that insurers would be required to provide to a policyholder who files a claim. Read More Flood Massachusetts House Passes Bill Limiting Lenders' Flood Insurance Requirements By a vote of 152-0, the Massachusetts House of Representatives has passed a bill that would limit the ability of lenders to require homeowners to purchase or pay for flood insurance. Read More View All Legislative/Regulatory Developments      INDUSTRY NEWS Edwards Wildman Palmer Attorneys E. Paul Kanefsky and Nicholas A. Secara Advocate for Strategic Intervention in Insurance Coverage Disputes  Read More Lorelie S. Masters Joins Perkins Coie as Insurance Coverage Partner in Washington, D.C.  Read More Mystery Billionaire Takes Out Historic $201 Million Life Insurance Policy, Guinness World Records Reports Read More Greater New York Insurance Companies to Mark 100th Anniversary in 2014 Read More Kate Norris To Join Fireman's Fund Insurance Company's High Net Worth Team Read More View All Industry News Q & A Civil Authority and Business Income Coverage 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. 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