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| TODAY'S TOP DEVELOPMENTS |
Monday, September 30, 2013 |
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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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Homeowners Insurance
Appellate Court Affirms Dismissal of "Force-Placed" Insurance Claims against Lender
An appellate court in Texas has affirmed a trial court's decision dismissing a homeowner's "force-placed" insurance claims against his lender, finding that it had acted in accordance with its contractual rights. Read More
Homeowners Insurance
Appellate Court Rejects Insureds' Claim for Interest on Umpire's Appraisal Award
An appellate court in New York has affirmed a trial court's decision that denied the request of two homeowners for interest on $508,304.17, representing the difference between the amount of damages set forth in an umpire's appraisal award and an amount initially paid to them by their homeowners' insurance carrier, ruling that the insurer had paid the amount within the 60 days provided by the policy. Read More
Eye on the Experts
Controlling a U.S. Insurance Company: Key Regulatory Basics That Funds Need To Know
The last few years have seen increasing private fund activity in the insurance sector, including acquisitions of existing carriers as well as start-ups. In this highly regulated sector, an understanding of some of the basic pillars of insurance law - particularly the oversight by regulators of those who control insurers - is essential for playing in this space. Read More
Professional Liability Insurance
With Law in Flux, District Court Finds that Maryland Statute Requiring Actual Prejudice Trumps Policy's Timely Notice Requirement
Another court in Maryland has issued a decision on the applicability of Section 19-110 of the Insurance Article of the Maryland Code. In this case, the court denied an insurer's motion to dismiss a coverage complaint on the ground that the insured had not provided timely notice under the policy, finding that the "actual prejudice" requirement in Maryland insurance law trumped the policy's notice requirement. Read More |
View All Case Law Developments |
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Workers'' Compensation
Maryland's Injured Workers' Insurance Fund Re-Launches as Chesapeake Employers' Insurance Company
Maryland's Injured Workers' Insurance Fund, the state's largest provider of workers' compensation insurance, is re-launching under a new name and corporate structure. Read More
Terrorism Risk Insurance
Senate Committee Chair Seeks Bipartisan Support for TRIA Reauthorization, While Louisiana Official Suggests a State-Run Program
At the Senate Banking, Housing and Urban Affairs Committee hearing, "Reauthorizing TRIA: The State of the Terrorism Risk Insurance Market," Chairman Tim Johnson (D-SD) stated his "hope" that Congress "will be able to find bipartisan consensus for the reauthorization of TRIA well before the program expires at the end of 2014." Read More |
View All Legislative/Regulatory Developments |
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| Nationwide's John Carter Is the New Chairman of the Insured Retirement Institute Board; IRI Also Announces New Board Members and Officers Read More |
Jaan E. Sidorov of NORCAL Joins PIAA Board of Directors Read More |
Paul Sharma Leaving Bank of England to Join Alvarez & Marsal Read More |
Montpelier Re Launches Montpelier Risk Institute Read More |
When Health and Auto Insurance Collide: Michigan Supreme Court Limits Insured's Right to "Double Recovery" Read More |
View All Industry News
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INSURANCE COVERAGE
LAW REPORT |
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View Entire October/November Insurance Coverage Law Report |
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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, Tressler 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 ($795 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 [email protected].
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| FC&S Legal: The Insurance Coverage Law Information Center |
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