|
|
TODAY'S TOP DEVELOPMENTS |
Wednesday, September 23, 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.
|
|
Automobile Insurance
Addressing for First Time "Getting Out of" Vehicle, Virginia Supreme Court Finds Coverage for Road Construction Employee Killed at Worksite
In a case of first impression, the Virginia Supreme Court has defined "getting out of" a vehicle and has ruled that a road construction employee had been "getting out of" the dump truck he was operating – and that he also had been "using" an unoccupied pickup truck as a safety vehicle – when two allegedly drunk drivers ran into the pickup truck and a front-end loader at the site and the employee was killed. Read More
Subrogation
In 9/11 Case, 2d Circuit Affirms that Policies Entitled Insureds to Share in Subrogation Proceeds Obtained by Insurers If Insureds' Recoverable Damages Exceeded $4.1 Billion
In litigation stemming from the 9/11 terrorist attacks, the U.S. Court of Appeals for the Second Circuit has affirmed decisions by the U.S. District Court for the Southern District of New York insofar as they held that insurance policies entitled World Trade Center Properties LLC, 1 World Trade Center LLC, 2 World Trade Center LLC, 3 World Trade Center LLC, and 4 World Trade Center LLC (collectively, "WTCP") to a share of the subrogation proceeds recovered by the insurers from airlines and affiliated companies only if WTCP had "uncompensated legally recoverable tort damages." Read More
Claims Resolution
2d Circuit Upholds Ruling Applying N.Y. Law to Reduce Potential 9/11 Damage Awards Against Airlines by Insurance Payments
The U.S. Court of Appeals for the Second Circuit has ruled that World Trade Center plaintiffs were entitled to compensation for September 11 losses in their lawsuit against airlines and security contractors only for the amount of value that their leasehold interests had lost due to the terrorist attacks, that they could not recover their claimed consequential damages, and that, pursuant to New York law, their insurance recoveries corresponded to, and offset, their potential tort award. Read More
Specialty Insurance
Court Reforms "Hole-in-One" Insurance Policy Issued for Golf Tournament
A federal district court judge in Washington has reformed a hole-in-one insurance policy and ordered the insurer to pay the insured for a hole-in-one prize won by a participant in a golf tournament. Read More |
View All Case Law Developments |
|
|
Insurance Fraud
Insurance Broker Charged in Alleged $21 Million Movie Ponzi Scheme
Michelle Kenen Seward and Dror Soref have been charged with operating a Ponzi scheme that allegedly bilked California investors out of $21 million. Read More
Insurance Fraud
Former Humana Employees Sentenced for Taking Kickbacks in Insurance Sales Bribery Scheme
Former Humana Inc. regional sales director Glen Allan Fine and former Humana sales manager James E. Wenger have been sentenced to one year and one day in federal prison and ordered to pay $100,000 each in restitution and forfeit $900,000 each for their roles in a racketeering and bribery scheme connected with their former positions. Read More |
View All Legislative/Regulatory Developments |
|
|
|
|
New Medicare Advantage Market Entrants Diversify Consumer Choice, Avalere Analysis Finds Read More |
Torus Rebrands to StarStone Read More |
Hanover Insurance Group CEO Frederick H. Eppinger to Resign in 2016 Read More |
State Auto Financial General Counsel James A. Yano Dies Unexpectedly Read More |
Sun Life Financial to Acquire Assurant's U.S. Employee Benefits Business for $975 Million Read More |
View All Industry News |
|
|
|
INSURANCE COVERAGE
LAW REPORT |
|
|
View Entire Septmeber/October 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 The National Underwriter Company, A Division of ALM Media LLC.
All rights reserved. |
|
4157 Olympic Blvd., Suite 225
Erlanger, KY 41018
1-800-543-0874 |
|
|
|
|