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TODAY'S TOP DEVELOPMENTS Friday, February 17, 2017  

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 Study
Read a Full Email Trail, and See Why a Federal Court Found It Did Not Amount to a Settlement for the Policy Limit
A federal district court in Alaska has issued an opinion analyzing a full email trail that defendants sought to enforce as a settlement agreement for the remaining limit of their insurance policy. Read More

Superstorm Sandy
How Can Insurer's Letter Saying It's Not a Denial of a Claim be a Denial? When It Involves an SFIP, and Superstorm Sandy
The U.S. District Court for the District of New Jersey, in a Superstorm Sandy insurance coverage case, has ruled that an insurer's letter stating that it was "not a denial" of the insured's claim actually was a denial under the rules governing the insured's flood insurance policy, thus triggering the one year period that the insured had to sue the insurer. Read More

Homeowners Insurance
A Fire, and "Good Reason to Suspect Arson," Doomed Insureds' Bad Faith Claim
An appellate court in Arizona, affirming a trial court's decision, has ruled that an insurance company had not acted in bad faith by unreasonably delaying an investigation of its insureds' fire loss claim because it had "good reason to suspect arson." Read More

Professional Liability Insurance
Louisiana Supreme Court Reverses 2 Lower Court Decisions Finding Coverage for Deputy Sheriff Who Alleged Injury When He Leaned Back While Sitting in Chair That Then Gave Way
The Louisiana Supreme Court, reversing two lower court decisions, has ruled that a police professional liability insurance policy did not provide coverage for a deputy sheriff who alleged that he had been injured when he leaned back while sitting in a chair that then gave way.  Read More

View All Case Law Developments

In the States

Former AIG CEO Maurice R. Greenberg and Former AIG CFO Howard I. Smith Settle Action with New York Attorney General
New York State Attorney General Eric T. Schneiderman has reached a settlement of his office's securities fraud lawsuit under the New York State Martin Act against Maurice R. ("Hank") Greenberg, the former chief executive officer of American International Group, Inc., and Howard I. Smith, the company's former chief financial officer. Read More

Insurance Fraud
Washington Snapshot: Insurance Department's Fraud Unit Opened 150 Criminal Fraud Cases in Past Two Years
Washington's Office of the Insurance Commissioner's Criminal Investigations Unit ("CIU"), staffed by law enforcement and criminal analysts, opened 150 criminal fraud cases in 2015 and 2016. Read More

View All Legislative/Regulatory Developments
Ford Invests $1 Billion in New Artificial Intelligence Company, Argo AI, in Drive for Autonomous Vehicle Leadership  Read More

Hiscox Study Reveals Cyber Security Shortcomings in Prevention, Detection, and Training  
Read More

U.S. Weather Losses Exceeded $1 Billion in January, Aon Reports  
Read More

Anthem Sues Cigna, Seeks TRO to Enjoin Cigna from Terminating Merger Agreement, Specific Performance, and Damages  
Read More

Cigna Acts to Terminate Merger Agreement with Anthem; Sues for More Than $13 Billion  
Read More

View All Industry News
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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, Cope Ehlers, 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

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