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TODAY'S TOP DEVELOPMENTS Friday, March 11, 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.


Superstorm Sandy
Flood Coverage Deductible Was $19.2 Million, Not $100,000, Court Rules in Superstorm Sandy Case
The U.S. District Court for the Southern District of New York has ruled, in a Superstorm Sandy case, that a flood coverage deductible was $19.2 million, as insurers contended, and not $100,000, as the insured argued. Read More

Automobile Insurance
Delaware Supreme Court Adopts Majority Rule That Bad-Faith Failure-to-Settle Claim Accrued When Excess Judgment Became Final and Non-Appealable
The Delaware Supreme Court, adopting the majority rule, has held that a bad-faith failure-to-settle claim accrued when an excess judgment became final and non-appealable. Read More

Surety Bond Issued to Car Dealer Did Not Cover Business Investor's Claims, California Appellate Court Decides
An appellate court in California, affirming a trial court's decision, has ruled that a surety bond issued to a car dealer did not cover claims against the dealer brought by a business investor who had never actually purchased any cars.  Read More

Sixth Circuit Decides that Kentucky's Top Court Would Not Extend Notice-Prejudice Rule to Claims-Made Policies
The U.S. Court of Appeals for the Sixth Circuit has agreed with a prediction by the U.S. District Court for the Eastern District of Kentucky that the Kentucky Supreme Court would "not extend the notice-prejudice rule to a claims-made policy." Read More

View All Case Law Developments

Federal Actions

Treasury's Federal Insurance Office Requests Voluntary Data from Insurers Regarding Participation in the Terrorism Risk Insurance Program
The U.S. Department of the Treasury's Federal Insurance Office has published a notice in the Federal Register requesting that insurers voluntarily submit certain insurance data and information regarding their participation in the Terrorism Risk Insurance Program. Read More

Insurance Fraud
Former Police Officer Sentenced for Insurance Fraud
Jose E. Urena, a former New York City police officer, has been sentenced to two to six years in prison in connection with a scheme to defraud automobile insurance companies through a series of false claims. Read More

View All Legislative/Regulatory Developments
Internet of Things and Increasing Digital Demand Signal Major Insurance Industry Disruption, According to Capgemini and Efma Report Read More

Gordon & Rees Hires Insurance Coverage Attorney Michael Cawley as Partner in its Philadelphia Office 
Read More

Insurance Litigator Darlene Alt Joins Sedgwick as Partner 
Read More

MagMutual and West Virginia Mutual Insurance Company Form Joint Venture 
Read More

Ironshore Establishes Private Client Group for High Value Homeowners 
Read More

View All Industry News
Anti-Stacking Provisions Reviewed


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

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