|
|
| TODAY'S TOP DEVELOPMENTS |
Wednesday, July 22, 2015 |
|
|
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.
|
|
Life Insurance
Handwritten Note Near Dead Man's Body Did Not Change His Life Insurance Beneficiary, Eighth Circuit Holds
The U.S. Court of Appeals for the Eighth Circuit, applying Iowa law and affirming a district court's decision, has ruled that a handwritten note, found near the insured's dead body, was insufficient to effect a change to the beneficiary of his life insurance policy. Read More
Automobile Insurance
Insurer's Offer of Policy Limits Contingent on Release of Insured Could Not Serve as Basis for Third-Party Bad Faith Action, Kentucky Federal Court Holds
A federal district court in Kentucky has rejected a third-party bad faith action against an automobile insurer under the Kentucky Unfair Claims Settlement Practices Act, concluding that it was not bad faith for the insurer to offer to pay policy limits contingent on the third party's release of claims against the insured. Read More
Commercial General Liability
Sixth Circuit Affirms Dismissal of Third-Party Bad Faith Action against Insurance Broker
The U.S. Court of Appeals for the Third Circuit has affirmed a decision by the U.S. District Court for the Eastern District of Michigan dismissing a third-party bad faith action against an insurance broker for failure to procure the proper liability insurance, finding that the broker had no duty to the third party and that the third party was not an intended third-party beneficiary of the contract between the broker and the insured. Read More
Eye on the Experts
Eleventh Circuit Denies Coverage for Wrongful Acts of Directors and Officers that Arose Out of Their Allegedly Wrongful Acts as Trustees, an Uninsured Capacity
This Eye on the Experts article explains a recent decision by the U.S. Court of Appeals for the Eleventh Circuit, which ruled for the insurer on a "capacity" exclusion in a director and officer policy that precluded coverage for loss in connection with a claim "arising out of" or "based upon" any act of an individual insured in an uninsured capacity. Read More |
View All Case Law Developments |
| |
|
International
Bermuda Registers Three Class 4 Insurers During the First Half of 2015
The Bermuda Monetary Authority registered 45 new insurers and intermediaries during the first half of the year. This is on par with the 44 registrations recorded during the same period in 2014, the Authority said. Read More
Insurance Fraud
Investment Executive Sentenced to 21 Months in Prison for Multimillion-Dollar Insurance Fraud
Allen Reichman, a former executive director of investments at Oppenheimer & Co. Inc., has been sentenced to 21 months in prison and $10 million in restitution for defrauding his employer in connection with the fraudulent purchase of an Oklahoma-based insurance company. Read More |
View All Legislative/Regulatory Developments |
|
|
|
|
| FC&S Legal Publishes "Washington Supreme Court Addresses the Meaning of 'Collapse'" Read More |
Gene Gilbertson Appointed President and CEO of Legal & General America Read More |
Heritage Insurance Seeks to Expand into Four New States Read More |
Liberty Mutual Appoints Dan Feige Division Underwriting Manager for Inland Marine Read More |
AIG Launches Design and Construction Phase Risk Mitigation Service for Luxury Homes Read More |
View All Industry News |
| |
|
| |
INSURANCE COVERAGE
LAW REPORT |
|
 |
View Entire July/August Insurance Coverage Law Report |
| |
| View Insurance Coverage Law Report Archives |
| |
|
|
|
 |
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 |
|
|
|
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 ©2015 Summit Professional Networks, A Division of ALM Media LLC.
All rights reserved. |
 |
4157 Olympic Blvd., Suite 225
Erlanger, KY 41018
1-800-543-0874 |
|
|
|
|
