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TODAY'S TOP DEVELOPMENTS |
Thursday, October 17, 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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Commercial General Liability
Total Pollution Exclusion Bars Coverage of "Chinese Drywall" Suit against Contractor, Court Rules
A total pollution exclusion endorsement in a commercial general liability insurance policy negated an insurance carrier's obligation to defend or indemnify a contractor sued in a "Chinese drywall" case. Read More
Flood
Standard Flood Insurance Policy Precludes Insured's Misrepresentation Suit against Agent, Court Rules
A federal district court in Connecticut has denied a homeowner's attempt to sue the insurance agent who sold him a standard flood insurance policy ("SFIP") for misrepresentation, ruling that the homeowner was “charged with the knowledge of the terms and conditions of his coverage under his SFIP," and that any claim against the agent alone was "futile". Read More
Automobile Insurance
Failure to Identify Second Defendant as the Plaintiff's Insurer Did Not Require a New Trial, Appellate Court Holds
Reversing a trial court's decision granting the plaintiff's motion for a new trial, a Pennsylvania appellate court has decided that the failure to identify the plaintiff's insurance company as one of two defendants did not, by itself, require a new trial. Read More
Life Insurance
Court Upholds Intoxication Exclusion, But Finds Questions of Fact as to Whether Insured's Death Resulted from His Intoxication
A federal district court in Louisiana has upheld the enforceability of an intoxication exclusion in a life insurance policy, but ruled that there were genuine issues of material fact regarding whether the insured's death had resulted, directly or indirectly, from his intoxication. Read More |
View All Case Law Developments |
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Alternative Risk and Captives
New York's Red Apple Forms Connecticut Captive
The corporate owner of one of the largest grocery store chains in Manhattan is setting up its captive insurance subsidiary in Connecticut. Read More
Commercial Auto
Felon Sentenced to up to Six Years for Fraudulently Obtaining Tens of Thousands of Dollars in Commercial Insurance Policies
Two-time convicted felon Raja Ishtiaq has been sentenced for his role in a massive scheme to illegally obtain commercial car insurance policies and New York City Taxi and Limousine Commission licenses, according to New York State Attorney General Eric T. Schneiderman. Read More |
View All Legislative/Regulatory Developments |
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Study Finds One Home Insurance Claim May Raise Premium by up to 21 Percent Read More |
Safe Deposit Box Insurance Now Available in Florida, Massachusetts, and Louisiana Read More |
Insurance Sold Through Digital Channels Such as Google and Amazon Could Reach €25 Billion Annually in Europe, According to Accenture Study Read More |
Rate Survey Indicates Medical Malpractice Insurance Premiums Still Shrinking, with Revenue Outpacing Claims Expenses Read More |
Zurich's Dan Riordan Named President of Berne Union 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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