Problems viewing this email? Click Here

TODAY'S TOP DEVELOPMENTS Monday, March 10, 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.


Directors & Officers
D & O Policy Does Not Cover FDIC’s Claims against Former Bank Directors, Court Rules
A federal district court in Kansas has ruled that an insurance company owed no duty of coverage under a directors and officers insurance policy that it had issued to the Columbian Bank and Trust Company and its directors and officers for claims that the Federal Deposit Insurance Corporation asserted against former directors of the bank. Read More

Homeowners Insurance

Court Approves $950 Million Settlement by JPMorgan Chase in National Forced-Place Insurance Class Action
The U.S. District Court for the Southern District of Florida has entered an order granting final approval of a settlement in a class action brought against JPMorgan Chase Bank, N.A., stemming from the bank’s forced-placed insurance arrangements. Read More

Commercial General Liability
Irrebuttable Presumption of Prejudice under New York Law Does Not Apply Where Default Judgment Entered Against Insured Prior to Notice to Insurer Was Vacated Thereafter
In a case of apparent first impression, a New York trial court has ruled that the irrebuttable presumption of prejudice to an insurance company from late notice of a claim that is set forth in New York Insurance Law §3420(c)(2)(B) did not apply where a default judgment entered against an insured prior to notice was vacated after notice. Read More

Eye on the Experts
Insurance Coverage for Statutory Class Action Claims Involving Privacy
Class action lawsuits alleging statutory violations for privacy-related claims are on the rise. Like all class actions, these suits are expensive to defend and often expensive to resolve. Whether there is insurance coverage for such suits is hotly contested, and insurance companies increasingly are rushing into court trying to obtain determinations that they are not obligated to cover the latest lawsuit. Although statutory class claims can present novel coverage issues, they can be addressed or mitigated with prompt and careful attention. Read More

View All Case Law Developments


International Coalition Objects to Obama Administration’s Proposal to Deny Deductibility for Certain Reinsurance Premiums
Members of the Coalition for Competitive Insurance Rates and others have expressed their concern about a proposal in the Obama Administration’s fiscal year 2015 budget that would deny a tax deduction for certain reinsurance premiums paid to foreign-based affiliates by domestic insurers. Read More

Life Insurance

Illinois Insurance Department Warns Consumers about Stranger-Originated Life Insurance Arrangements
Illinois Department of Insurance Director Andrew Boron has issued a warning to consumers about stranger-originated life insurance arrangements. Read More

View All Legislative/Regulatory Developments
FC&S Legal Publishes “Let Me Be Direct: ‘Direct’ Is Not an Ambiguous Term”  Read More

Insurance Attorneys Mark Meyer and Paul Dowsey Join Cozen O’Connor in London 
Read More

XL Group Launches Automotive Recall Plus in Germany, Austria, and Switzerland 
Read More

John Hancock Insurance Offers New Long Term Care Rider on All Single Life Products 
Read More

AIG Appoints Michael Smith, James Shea, and Robert Thomas to Senior Positions 
Read More

View All Industry News

Installation Floaters


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

View Entire March Insurance Coverage Law Report
View Insurance Coverage Law Report Archives
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

To ensure future delivery of email, please add [email protected]
to your address book, contacts or safe sender list.

You have received this email at %%merge members_.emailaddr_%%.
Click here to unsubscribe from %%merge list.descshort%%.
©2014 Summit Professional Networks, All rights reserved. Privacy Policy

5081 Olympic Blvd
Erlanger, KY 41018