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| TODAY'S TOP DEVELOPMENTS |
Friday, September 23, 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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Workers Compensation
Idaho Supreme: Firefighter Failed to Prove That His Occupation Had Caused Him to Develop Lung Cancer
The Idaho Supreme Court has affirmed a decision of the Idaho Industrial Commission that a firefighter who developed, and then died from, lung cancer was not entitled to workers compensation and death benefits because he had not demonstrated that his occupation had caused him to develop cancer. Read More
Commercial Property
Company That Suffered "Direct, Pecuniary Loss" from Destruction of Property It Did Not Own Nevertheless Had Insurable Interest in That Property, Michigan Appeals Court Finds
An appellate court in Michigan, reversing a trial court's decision, has ruled that an insured could have an insurable interest in property even if it did not have a legal interest in it and even if it was not financially responsible for damages to it because an insured's pecuniary interest in insured property was sufficient to constitute an insurable interest. Read More
Life Insurance
Utah Court Denies Insurer's Request for Attorneys' Fees in Interpleader Action Involving Life Insurance Benefits Brought Against Church of Jesus Christ of Latter-day Saints and Insured's Estate
A federal district court in Utah has allowed a life insurance company that brought an interpleader action to deposit life insurance proceeds with the court — but has refused to award the insurer its attorneys' fees from the fund given that the insurer was "in the business of administering claims for life insurance benefits." Read More
Exclusions
"Wet Rot" Exclusion in All-Risk Policy Precluded Coverage for Rotted Roof Trusses, Michigan Appeals Court Says
An appellate court in Michigan, affirming a trial court's decision, has ruled that a "wet rot" exclusion in an all-risk insurance policy precluded coverage for damage to the insured warehouse. Read More |
View All Case Law Developments |
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Federal Actions
Regions Bank to Pay $52.4 Million to Resolve Alleged False Claims Act Liability Arising from FHA-Insured Mortgage Lending
Regions Bank has agreed to pay $52.4 million to the United States to resolve allegations that it violated the federal False Claims Act by knowingly originating and underwriting mortgage loans insured by the Federal Housing Administration of the U.S. Department of Housing and Urban Development that did not meet applicable requirements. Read More
In the States
North Carolina Insurance Department Imposes Record Fine
Blue Cross Blue Shield of North Carolina has been fined $3.6 million by the North Carolina Department of Insurance. Read More |
View All Legislative/Regulatory Developments |
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| Louisiana Floods to Cost U.S. Economy More Than $10 Billion, According to Aon Catastrophe Read More |
Demand for Customized Reinsurance and Insurance Solutions Is Growing, Swiss Re Says Read More |
Technology Is Driving Long-Term Transformation of Insurance Industry; Price Levels Expected to Stabilize Read More |
FC&S Legal Publishes "Five Keys to Understanding and Securing Cyber Insurance" Read More |
FC&S Legal Publishes "Insurance Regulators Propose New Guidelines for Reviewing Acquisitions" 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, Cope Ehlers, 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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