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TODAY'S TOP DEVELOPMENTS Thursday, March 6, 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.


Professional Liability Insurance
In Bear Stearns Case, NY Trial Court Rules that Consent Orders Entered after Settlement Did Not Support Application of Dishonest Acts Exclusion
A New York trial court has ruled that the Dishonest Acts Exclusion in professional liability insurance policies did not bar coverage of claims stemming from Bear Stearns' settlement of Securities and Exchange Commission and New York Stock Exchange administrative proceedings and related private litigation predicated on allegations that Bear Stearns had facilitated its customers' deceptive market timing and late trading activities. Read More

Life Insurance

Divorced Wife Fails in Lawsuit against Insurer over Life Insurance Policy Surrendered by Her Ex-Husband Before His Death
An appellate court in California has affirmed a trial court's decision rejecting the lawsuit filed against a life insurance company by a divorced wife (and her children) after she discovered that her former husband had surrendered a life insurance policy before his death notwithstanding that their divorce decree had obligated him to maintain the policy for her benefit and the benefit of the children. Read More

Commercial General Liability
Insured's Late Notice under "Claims-Made" Policy Dooms Coverage, Appellate Court Affirms
An appellate court in California has affirmed a trial court's decision in favor of an insurance company, finding that the insured's late notice under the "claims-made" policy doomed coverage. Read More

Eye on the Experts
Bad Faith Compendium: Massachusetts
Insurance bad faith law is like a quilt, a patchwork that varies from square to square – in this instance, common law decisions, statutes and codes that differ widely from state to state. Insurer conduct that is benign in one jurisdiction may rise to the level of bad faith conduct in another. The eighth installment of the compendium reviews bad faith law in Massachusetts. Read More

View All Case Law Developments

Claims Resolution

Law Firm Asks Justice Department to Investigate Alleged Race-Based Claims Handling by Texas Windstorm Insurance Association
A Texas law firm has asked the U.S. Justice Department to investigate allegations of race-based claims handling by the Texas Windstorm Insurance Association, which is Texas' statutorily created windstorm insurer of last resort. Read More

Insurance Fraud

Ex-Police Officer Sentenced in Insurance Scam
Clinton Ivan Rutledge, a former Oklahoma police officer, has been sentenced to serve 10 days of weekend imprisonment and three years of supervised probation after pleading guilty to conspiracy to commit mail fraud. Read More

View All Legislative/Regulatory Developments
Insurance Recovery Litigator Paul L. Langer Joins Quarles & Brady's Chicago Office Read More

"Insurance Coverage for Statutory Class Action Claims Involving Privacy" Published on FC&S Legal's Eye on the Experts Page 
Read More

Great American Insurance Group to Launch Aviation Division  
Read More

Berkshire Hathaway Specialty Insurance Introduces Health Care Umbrella Policy  
Read More

ACE Awarded Chartered Insurer Status in the U.K. 
Read More

View All Industry News



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

View Entire March Insurance Coverage Law Report
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60px_newMeyerowitz Steven A. Meyerowitz, ESQ.
Director, FC&S Legal
[email protected]
60px_newSpears Victoria Prussen Spears, ESQ.
Associate Director, FC&S Legal
[email protected]
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, 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

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 [email protected].

FC&S Legal: The Insurance Coverage Law Information Center

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