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| TODAY'S TOP DEVELOPMENTS |
Wednesday, August 27, 2014 |
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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
“Completed Operations” Exclusions Barred Coverage for Personal Property Losses Alleged on Behalf of Condo Residents, Even Though Common Areas Remained Unfinished
The U.S. Court of Appeals for the Seventh Circuit, affirming an Illinois district court’s decision, has ruled that “completed operations” exclusions in a developer’s insurance policies barred coverage of claims that personal property in certain condominium units had been damaged, finding that the units in question “had been completed” and that coverage for any personal property damage allegedly sustained therein was excluded by the exclusions. Read More
Case Study
What Allegations Amount to a Claim of Defective Workmanship?
Courts continue to debate whether allegations of defective workmanship are covered as an “occurrence” under a commercial general liability insurance policy. But what allegations constitute a claim of defective workmanship? A recent decision by a federal district court in Michigan, applying Michigan law, helps answer that question. Read More
Homeowners Insurance
Court Approves Settlement of Nationwide Class Action against Citibank Over Force-Placed Insurance
Judge David Hurd of the U.S. District Court for the Northern District of New York has granted final approval of a nationwide class action settlement in a pair of consolidated federal cases, Casey v. Citigroup, Inc., No. 12-cv-820 (N.D.N.Y.) and Coonan v. Citibank, N.A., No. 13-cv-353 (N.D.N.Y.), involving force-placed insurance. Read More
Automobile Insurance
Statute of Limitations on UIM Claim Begins to Run When Insurer Denies Claim for UIM Coverage, Kentucky Appeals Court Rules
Deciding an issue of first impression in Kentucky, a Kentucky appeals court has ruled that the statute of limitations begins to accrue on an underinsured motorist (“UIM”) claim when the insurer denies a claim for such coverage. Moreover, the appellate court decided, although an insurer can shorten the limitations period by contract, Kentucky law operates to prevent a foreign insurer from relying on policy provisions that bar UIM claims filed less than a year from the accrual of the cause of action. Read More |
View All Case Law Developments |
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In the States
Red Rock Insurance Company, Formerly BancInsure, Inc., Placed in Receivership in Oklahoma
An Oklahoma court has placed Red Rock Insurance Company, formerly known as BancInsure, Inc., into receivership and has appointed Oklahoma Insurance Commissioner John Doak as receiver. Read More
In the States
Texas Department of Insurance Names Chris Davis as Associate Commissioner of TDI’s Fraud Unit
The Texas Department of Insurance has selected Chris Davis to be the new associate commissioner of TDI’s fraud unit. Read More
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View All Legislative/Regulatory Developments |
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| Armed Forces Benefit Association Elects SMA Kenneth O. Preston and CMSAF James A. Roy to Board Read More |
ACE Launches Suite of Professional Indemnity Insurance Wordings for Media Professionals Read More |
Andrew Brem Appointed Chief Digital Officer at Aviva Read More |
XL Group Collaborates with Citation Jet Pilots Association to Provide Aviation Insurance Read More |
Tiffany Alvey Becomes Vice President of Field Claims and Risk Services at Fireman’s Fund; Frank Sapio Has Expanded Responsibilities Read More |
View All Industry News |
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INSURANCE COVERAGE
LAW REPORT |
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View Entire September Insurance Coverage Law Report |
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| View Insurance Coverage Law Report Archives |
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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
Donald S. Malecki, Malecki, Deimling, Nielander &
Associates, LLC |
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Cort T. Malone, Anderson Kill & Olick, P.C.
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
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@SummitProNets.com.
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| FC&S Legal: The Insurance Coverage Law Information Center |
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