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TODAY'S TOP DEVELOPMENTS Friday, July 22, 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 Professional Liability Insurance Finding It Unclear Whether a Conversion Had Occurred, N.J. District Court Permits Insured's Claim for Funds Lost to Hacker to Proceed A federal district court in New Jersey has denied an insurance company's motion to dismiss a coverage action based on a "conversion" exclusion in its policy in a case where a hacker allegedly obtained funds to which it was not entitled, concluding that it was not yet clear whether a "conversion" had occurred. Read More Superstorm Sandy Superstorm Sandy Case Involving Coverage for Cost of Debris Removal Reaches N.J. Supreme Court The New Jersey Supreme Court has agreed to review a decision by a New Jersey appellate court that held that the owner of an apartment complex damaged by Superstorm Sandy was entitled to recover over $200,000 for the costs of debris removal from its insurer in addition to the policy's $1 million limit for flood damage to its insured property. Read More Automobile Insurance Another Florida Appeals Court Enters the Fray Over Policy's "Fee Schedule" Language The Third District Court of Appeal in Florida has issued a decision on the enforceability of certain "fee schedule" language in an automobile insurance policy that agreed with decisions by the First and Second District Courts of Appeals but that conflicted with a decision by the Fourth District Court of Appeal. The Florida Supreme Court has agreed to resolve the conflict. Read More Crime and Employee Dishonesty All of Loss Allegedly Attributable to One Employee Was a Single Loss, Which Insured Had "Discovered" Prior to Policy's Inception, Sixth Circuit Rules The U.S. Court of Appeals for the Sixth Circuit, affirming a decision by the U.S. District Court for the Northern District of Ohio, has ruled that all of a loss allegedly attributable to one employee was a single loss under an employee theft insurance policy and that the insured had "discovered" that loss prior to the execution of the policy.  Read More View All Case Law Developments    LEGISLATIVE/REGULATORY Federal Actions Treasury's Federal Insurance Office Adopts Methodology for Monitoring Affordability of Auto Insurance The U.S. Department of the Treasury's Federal Insurance Office has adopted a methodology for monitoring the affordability of automobile insurance. Read More In the States New York Bars Insurer Discrimination Against Pregnant and Postpartum Women The New York State Department of Financial Services has issued guidance that, it said, is intended to ensure that insurance carriers do not unfairly discriminate against pregnant and postpartum women. Read More View All Legislative/Regulatory Developments      INDUSTRY NEWS Ward Group Announces Its 50 Top Performing Insurance Companies for 2016  Read More Most Small SUV Headlights Rate Poor in IIHS Evaluations   Read More Allstate Reports Finds Brownsville, Texas, as the Safest City for Drivers  Read More Kirby McInerney Investigating Practices of U.S. Bank Home Mortgage Relating to Release of Insurance Claim Proceeds  Read More FC&S Legal Publishes "Second Circuit Reminds Consumer Product Companies That Insurance Options Exist for Big Data Blunders and Privacy Faux Pas"  Read More View All Industry News   Q&A Resident Relative and Separate Policies Browse our entire library of over 2,500 insurance resources and forms.    INSURANCE COVERAGE  LAW REPORT View Entire Summer Insurance Coverage Law Report   View Insurance Coverage Law Report Archives   Steven A. Meyerowitz, ESQ. Director, FC&S Legal smeyerowitz@alm.com 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    LinkedIn   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 © 2016 ALM Media, LLC. All rights reserved. Privacy Policy 4157 Olympic Blvd., Suite 225 Erlanger, KY 41018 1-800-543-0874