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TODAY'S TOP DEVELOPMENTS Tuesday, April 12, 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

Insurer Insolvency
MetLife’s SIFI Win: The Court’s Decision, and the Government’s Response
The U.S. District Court for the District of Columbia has unsealed its opinion rescinding the final determination of the Financial Stability Oversight Council (“FSOC”) that “material financial distress” at MetLife, Inc., could “pose a threat to the financial stability of the United States” as provided in the Dodd-Frank Act, 12 U.S.C. § 5323(a)(1). Here is what the court had to say – including its rejection of MetLife’s argument that it was ineligible for designation.  Read More

Superstorm Sandy
N.Y. Court Rejects Law Firm’s Superstorm Sandy Coverage Claims Under Policy’s Civil Authority, Dependent Property, and Business Income Provisions
A New York state court, in a Superstorm Sandy case, has rejected a law firm’s claims for coverage under the civil authority, dependent property, and business income provisions of its business policy.  Read More

Automobile Insurance
N.J. Appeals Court Rejects Filing of “Generic” Form to Begin Running of PIP Statute of Limitations
An appellate court in New Jersey, affirming a trial court’s decision, has ruled that the two-year statute of limitations within which an insurer that has provided personal injury protection benefits must bring suit seeking reimbursement from a tortfeasor began to run when the insured submitted a claim form requested by the insurer and not upon the filing of a generic form by an insured or health care provider.  Read More

Automobile Insurance
Son’s Unauthorized Use of Father’s Vehicle Dooms Coverage Bid
An appellate court in Massachusetts has affirmed a trial court’s decision that there was no coverage for claims arising from an auto accident where the insured father had not given his son his express or implied consent to use his vehicle.  Read More

View All Case Law Developments
 
 LEGISLATIVE/REGULATORY

Insurance Fraud

Ex-Claims Adjuster Among Those Charged with Embezzling Over $250,000 from Insurer
Elizabeth Louise Brown, a former claims adjuster with Explorer Insurance, has been arrested and charged with multiple felonies, including insurance fraud and conspiracy, for allegedly embezzling more than $276,000 from her employer.  Read More

Insurance Fraud
After 20 Years on the Run, Insurance Fraudster Is Captured
Fugitive Robert Allen Lopez is in U.S. custody after almost 20 years on the run.  Read More

View All Legislative/Regulatory Developments
   
 INDUSTRY NEWS
Generali Global Launches Tribune Property Insurance, Partnering with Belfor Property Restoration   Read More

Mutual of Omaha Launches New Disability Insurance Product   
Read More

Cyber Bullying Insurance Now Available to Chubb’s U.S. Homeowners Customers   
Read More

FC&S Legal Publishes “Recoupment of Defense Costs: An Ohio Court Weighs in on the Debate”   
Read More

FC&S Legal Publishes “2015 Excess and Surplus Lines Laws: New Hampshire”   
Read More

View All Industry News
 
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Q&A
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Browse our entire library of over 2,500 insurance resources and forms.
 
 INSURANCE COVERAGE
 LAW REPORT
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View Entire Spring Insurance Coverage Law Report
 
View Insurance Coverage Law Report Archives
 
60px_newMeyerowitz Steven A. Meyerowitz, ESQ.
Director, FC&S Legal
smeyerowitz@alm.com
60px_newSpears 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
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