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| TODAY'S TOP DEVELOPMENTS |
Tuesday, June 28, 2016 |
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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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Professional Liability Insurance
New Jersey Supreme: Law Firm LLP Did Not Convert to GP by Failing to Maintain Malpractice Insurance; Tail Coverage Not Required When Winding Down
The New Jersey Supreme Court has ruled that the requirement under New Jersey law that a law firm limited liability partnership purchase professional liability insurance did not extend to the windup period when the law firm has ceased performing legal services. In addition, the court has ruled that there was no requirement that a law firm LLP purchase tail coverage to maintain malpractice insurance beyond dissolution. Read More
Automobile Insurance
Colorado Supreme: Extrinsic Evidence May Not Be Used to Find Ambiguity in Policy
The Colorado Supreme Court, reversing lower court decisions, has ruled that lienholder statements extrinsic to an insurance policy did not create an ambiguity in the policy because an ambiguity must appear in the four corners of an insurance contract before extrinsic evidence may be considered. Read More
Claims Resolution
Georgia Supreme Court Asked to Decide When an Insurer Has Properly Accepted a Settlement Offer
The U.S. Court of Appeals for the Eleventh Circuit, in a case implicating a new Georgia statute governing settlement offers for personal injury and death claims arising from motor vehicle accidents that no court has yet addressed, has asked the Georgia Supreme Court to determine whether an insurer had properly accepted a settlement offer under the statute. Read More
Commercial General Liability
How, After Years of Litigation, a Judgment Against Insurers Went from $37,213,592.01 to $71,696,547 - to $0 in the Texas Supreme Court
The Texas Supreme Court has ruled that claims of parents of a derrick hand killed in an accident at work were not covered by the drilling company's commercial general liability insurance policy and, therefore, that they could not recover the $71,696,547 judgment they had obtained in a second jury trial against the insurers. Read More |
View All Case Law Developments |
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Federal Actions
Dodd, Frank, Bernanke, and Volcker Urge Reversal of District Court's Rejection of MetLife's SIFI Designation
The co-authors of the Dodd-Frank Wall Street Reform and Consumer Protection Act — former U.S. Senator Chris Dodd and former Representative Barney Frank — as well as nearly two dozen other current and former members of Congress and two former chairs of the Federal Reserve — Ben Bernanke and Paul Volcker — have urged the reversal of a district court decision rejecting the federal government's designation of MetLife, Inc., under Dodd-Frank. Read More
Automobile Insurance
Six Charged with Felonies for Allegedly Purchasing Insurance After Their Vehicles Had Sustained Damage and Submitting Falsified Claims
Six individuals have been charged in New York with purchasing automobile insurance policies after their vehicles already had sustained damage or been stolen and then falsifying the dates of the incidents in claims submitted to their insurance carriers. Read More |
View All Legislative/Regulatory Developments |
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| W. R. Berkley Names David A. Dunn President and Chief Executive Officer of Carolina Casualty Read More |
Majority of Life Insurance Underwriters Expect Increase in Frequency and Severity of Pandemics over Next Five to 10 Years, Munich Re Survey Finds Read More |
Grandpoint Bank Makes Cyber Crime Insurance Available to Protect Business Accounts from Funds Transfer Fraud and Cyber Deception Read More |
Ironshore Names Shawn Homand Chief Underwriting Officer of Global Property Read More |
FC&S Legal Publishes "2015 Excess and Surplus Lines Laws: Wisconsin" Read More |
View All Industry News |
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INSURANCE COVERAGE
LAW REPORT |
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View Entire Summer 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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