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TODAY'S TOP DEVELOPMENTS Monday November 3, 2014

 
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.

 CASE LAW

Automobile Insurance
Waiver of UM/UIM Coverage by One Named Insured Does Not Necessarily Bind Other Named Insureds, Colorado Appeals Court Holds
An appellate court in Colorado, reversing a trial court's decision, has ruled that a waiver by one named insured on an automobile liability insurance policy of coverage for bodily injury damages caused by uninsured or underinsured motorists bound other named insureds on the same policy only if the others "expressly authorized such a decision." Read More

Commercial General Liability

Insured Has Burden of Proving Existence of Disputed Policy, New Hampshire District Court Rules
A federal district court in New Hampshire has ruled that where parties disputed the existence of an insurance policy, the insured had "the burden of proving the policy's existence." Read More

Life Insurance
Insurer Not Liable to First Assignee of Life Insurance Benefits for Paying Benefits to Second Assignee, Texas Appeals Court Concludes
An appellate court in Texas, affirming a trial court's decision, has ruled that a life insurance company was not liable to the first assignee of benefits under a life insurance policy for paying the benefits to the second assignee, even though it had been aware of the first assignment before it had received a claim from the second assignee. Read More

Insurer Insolvency
Bankruptcy Court Asserts Jurisdiction to Determine Ownership of Property Used by Insurance Company in Liquidation
A federal bankruptcy court in New York, overseeing the reorganization of the parent company of an insurance company in liquidation in that state, has ruled that it had jurisdiction to determine the ownership of property the insurance company had used before it had entered liquidation. Read More

View All Case Law Developments
 
 LEGISLATIVE/REGULATORY

Title Insurance

Pennsylvania Attorney Charged with Title Insurance Fraud
Pennsylvania attorney Susan C. Kevra-Shiner has been indicted by a federal grand jury and charged with seven counts of mail fraud relating to an abstract and title insurance company she owned and operated in Avoca, Pennsylvania, known as GK Abstract Co., Inc. Read More

Health Insurance

Oklahoma Adopts Emergency Rules for Navigators
Oklahoma has adopted requirements for navigators assisting consumers with respect to purchasing health insurance on the federal exchange. Read More

View All Legislative/Regulatory Developments
   
 INDUSTRY NEWS
Ironshore's Pembroke Space Unit Broadens Cover for Satellite Sector Read More

Jamie Veghte, Chief Executive of Reinsurance at XL Group, to Retire 
Read More

Assurant Health President and CEO Adam Lamnin to Expand Responsibilities with Retirement of Assurant Employee Benefits President and CEO John Roberts 
Read More

Prosperity Life Completes Acquisition of SBLI USA 
Read More

AIG Provides Expanded $1 Billion Casualty Capacity for North American Rail Companies Read More

View All Industry News
 
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Q&A
Extension of Liability

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 INSURANCE COVERAGE
 LAW REPORT
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View Entire October/November Insurance Coverage Law Report
 
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60px_newMeyerowitz Steven A. Meyerowitz, ESQ.
Director, FC&S Legal
smeyerowitz@SummitProNets.com
60px_newSpears Victoria Prussen Spears, ESQ.
Associate Director, FC&S Legal
vspears@SummitProNets.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
Donald S. Malecki, Malecki, Deimling, Nielander &
Associates, LLC
Cort T. Malone, Anderson Kill & Olick, P.C.
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
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@SummitProNets.com.

FC&S Legal: The Insurance Coverage Law Information Center
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