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TODAY'S TOP DEVELOPMENTS Monday, February 1, 2016

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.


Homeowners Insurance
Idaho Supreme: Bank Did Not Owe Fiduciary Duty to Insured Borrowers Regarding Disbursement of Insurance Proceeds Received for Damaged Property
The Idaho Supreme Court, affirming a trial court's decision, has ruled that a mortgagee bank did not owe a fiduciary duty to its borrowers regarding the disbursement of insurance proceeds in connection with the repair or replacement of their home, which had been destroyed by fire. Read More

Commercial General Liability
Insured's Improper Storage of Millions of Pounds of Explosive Materials Dooms Its Coverage Bid for Post-Explosion Lawsuit
The U.S. District Court for the Western District of Louisiana has ruled that a company that improperly stored millions of pounds of explosive materials was not entitled to coverage for a lawsuit seeking damages resulting from an explosion at its facility. Read More

Superstorm Sandy
Insured Asserted Viable Action against Agent in Superstorm Sandy Coverage Case, N.Y. Federal District Court Decides
The U.S. District Court for the Southern District of New York has ruled, in a Superstorm Sandy coverage case, that the insured's complaint against its insurance agent was viable under New York law and that, accordingly, the case had to be remanded to state court. Read More

Superstorm Sandy
Long Island Power Authority Reaches $80 Million Settlement with Insurers Over Superstorm Sandy Coverage
The Long Island Power Authority and its insurers have reached an $80 million settlement of their coverage dispute stemming from damage resulting from Superstorm Sandy.  Read More

View All Case Law Developments

In the States

Maria Vullo Nominated as Superintendent of N.Y. State Department of Financial Services
Maria T. Vullo has been nominated by New York Governor Andrew M. Cuomo to serve as the superintendent of the New York State Department of Financial Services. Read More

In the States
Mississippi Insurance Department Awards Contract to Teladoc for Mississippi Volunteer Firefighters
The Mississippi Insurance Department has selected Teladoc, Inc., to provide telehealth services statewide to the 13,000 Mississippi volunteer firefighters and their dependents, which includes 24/7 access to Teladoc's network of licensed physicians via smart phone or secure online video. Read More

View All Legislative/Regulatory Developments
AXIS Healthcare Launches Insurance Coverage to Protect Hospitals Against Losses from Pandemics  Read More

XL Catlin Expands Professional Liability Insurance for U.S. Architects & Engineers  
Read More

AmTrust Financial Services Completes Acquisition of ARI Insurance Company  
Read More

Aspen Group Acquires AgriLogic Insurance Services 
Read More

Ironshore Builders' Risk Expands Coverage for Wood Frame Commercial Construction  
Read More

View All Industry News
Form Analysis
The Business Pursuits Exclusion


Browse our entire library of over 2,500 insurance resources and forms.

View Entire January/February Insurance Coverage Law Report
View Insurance Coverage Law Report Archives
60px_newMeyerowitz Steven A. Meyerowitz, ESQ.
Director, FC&S Legal
60px_newSpears Victoria Prussen Spears, ESQ.
Associate Director, FC&S Legal
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
Cort T. Malone, Anderson Kill, P.C.
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

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 To subscribe to FC&S Legal, please contact customer service at 1-800-543-0874 or

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