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| TODAY'S TOP DEVELOPMENTS |
Wednesday, October 16, 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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Automobile Insurance
Declaring that Illinois Law Eliminated Insurance Agent-Broker Dichotomy, Appellate Court Finds that Both Agents and Brokers Owe Insureds a Duty of Care
An Illinois appellate court has reversed a trial court's decision dismissing an action against an insurance agent on the ground that agents do not owe insureds a duty of care, finding that under Section 2–2201 of the Illinois Insurance Placement Liability Act, the insurance agent-broker dichotomy no longer exists in Illinois for purposes of determining the duty of care. Read More
Commercial Property
Ruling for Insurance Broker, Court Finds that Insured Could Not Have Obtained Pollution Liability Coverage Even If It Had Been Recommended
A federal district court in Kentucky has granted an insurance broker's motion for summary judgment, finding that even if it had breached a duty it owed to the insured to recommend pollution liability coverage, the insured would not have been able to obtain it. Read More
Automobile Insurance
Loss of Consortium Claimant May Not Receive Separate UIM Policy Limit, Utah Court Rules
A federal district court in Utah has ruled that an automobile insurance company was not required to pay underinsured motorist benefits for "loss of consortium" to an insured whose wife lost her leg in an automobile accident where he was not injured in the accident. Read More
Eye on the Experts
Enforcement Under the New Jersey Insurance Fraud Prevention Act Will Be Swift Without Jury Trial
As a result of a recent decision by a New Jersey appellate court, combating insurance fraud should be quicker and less expensive for insurance carriers in New Jersey. Read More |
View All Case Law Developments |
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Directors & Officers
FDIC Warns Banks about Increase in D&O Exclusions
The Federal Deposit Insurance Corporation has issued an advisory statement on director and officer liability insurance policies, exclusions, and indemnification for civil money penalties. Read More
Alternative Risk and Captives
Vermont Licenses 1,000th Captive Insurance Company
Vermont has licensed its 1,000th captive insurance company: Cassatt Insurance Group, a group of nine independent nonprofit hospitals in southeastern Pennsylvania that share risk in providing medical liability coverage for 1,200 physicians. Read More |
View All Legislative/Regulatory Developments |
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| New 16-State Benchmarking Study Measures Costs of Treating Workplace Injuries Read More |
Guardian Introduces Stop Loss Insurance for Self-Funded Health Plans Read More |
Bryan Sanders to Succeed John Latham as President of Markel Wholesale Read More |
Pan-American Life Names Jose Luis Vargas New Country Manager and Launches Life Insurance and Personal Accident Portfolio of Products in Puerto Rico Read More |
Vice Chairman David Nadler to Retire from Marsh & McLennan Companies 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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| 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, 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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