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TODAY'S TOP DEVELOPMENTS |
Friday, May 12, 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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Commercial General Liability N.J. Supreme Court Ruling of No Help to Insured Where First Circuit Applies Pennsylvania Law to Definition of "Occurrence"
A recent decision by the U.S. Court of Appeals for the First Circuit highlights the significant practical implications of applying Pennsylvania law rather than New Jersey law to an insurance coverage dispute over a subcontractor's allegedly faulty workmanship. Read More
Homeowners Insurance
Sexting Teacher Loses Bid for Insurance Coverage for Student's Lawsuit Against Him
An Oklahoma teacher who had requested and had received nude pictures of a student via text messages was not entitled to have his homeowners insurance company defend him in a civil lawsuit the student later brought against him, the U.S. Court of Appeals for the Tenth Circuit has ruled. Read More
Claims Resolution
Insurer's Settlement Offer of Policy Limit That Did Not Include Post-Judgment Interest Was Not Improper, Massachusetts Appeals Court Rules
An appellate court in Massachusetts has ruled that an insurer had not engaged in unfair settlement practices when, after an excess judgment had been entered against its insured, it offered to settle for the policy limit without including post-judgment interest. Read More
Commercial General Liability
CFO's Alleged Fraud Had Not Resulted in "Property Damage" Caused by "Occurrence," Wisconsin Appeals Court Holds
An appellate court in Wisconsin has ruled that a bank's lawsuit alleging that its borrower's chief financial officer had engaged in fraud, leading to losses to the bank when the borrower failed to repay its loans, did not assert "property damage" caused by an "occurrence" for purposes of the borrower's commercial general liability insurance policy. Read More |
View All Case Law Developments |
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In the States
New State Law Mandates Fertility Coverage for Same-Sex Couples
New Jersey Gov. Chris Christie has signed legislation, spurred by a federal civil rights lawsuit, that will require insurance carriers contracting with the state to cover fertility treatments to women in same-sex relationships, and those in other nontraditional relationships. Read More
Health Insurance
N.Y. Healthcare "Helpline" Recovered Nearly $3 Million in 2016
A healthcare "helpline" offered by the New York State Attorney General's office investigated and resolved nearly 3,000 consumer complaints during the past year, saving or returning approximately $3 million in health care expenses to consumers, according to a recent report. Read More |
View All Legislative/Regulatory Developments |
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Autonomous Vehicles Would "Hurt Our Auto Insurance Business," Warren Buffett Says Read More |
New York City Real Estate Buyers Spent $81.2 Million in Excess Title Insurance Premiums and Fees in 2016, Study Asserts Read More |
AIG Report Finds 23 Percent of Deals Over $1 Billion Ended in a Claim; Highest Severity Claim Payouts Averaged $22 Million Read More |
New Report Highlights Challenges and Reform Options for National Flood Insurance Program Read More |
Global Insurance Industry Set to Grow More Strongly by 2018 Read More |
View All Industry News |
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INSURANCE COVERAGE
LAW REPORT |
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View Entire Spring 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, 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. |
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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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