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TODAY'S TOP DEVELOPMENTS Tuesday, March 18, 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.


Automobile Insurance
Insurer Had No Duty to Disclose, at Time of Policy Issuance, Its Use of House Counsel to Defend Insureds, Circuit Finds
The U.S. Court of Appeals for the Seventh Circuit, affirming a district court's decision, has ruled that an automobile insurance company had no duty under Indiana law to disclose, at the time of policy issuance, that it used house counsel to defend insureds against third-party claims. Read More


"Latent Defect" Did Not Include Use of Balsa Wood Rather than Waterproof Material for Yacht's Hull, Circuit Rules
The U.S. Court of Appeals, in a panel that included Associate Justice (Ret.) David H. Souter of the U.S. Supreme Court, has reversed a district court's decision awarding an insured summary judgment on his claim for breach of a yacht insurance policy, finding no coverage. Read More

Judge Posner Dismisses "Frivolous" Appeal of Contempt Order in Subrogation Case and Orders District Court to Consider Whether Lawyer and Client Should Be Jailed
Judge Richard Posner of the U.S. Court of Appeals for the Seventh Circuit has written the opinion for a panel of three judges dismissing a "frivolous" appeal by a lawyer and his client from a district court order holding them in contempt in a subrogation case. Read More

Homeowners Insurance
Florida's State-Run Insurer Settles Over 300 Sinkhole Cases and Says It Will Save $30 Million in Legal Costs
Florida's Citizens Property Insurance Corporation and more than 300 policyholders have reached agreements to settle the homeowners' sinkhole claims. Read More

View All Case Law Developments

Federal Actions

SEC Brings Charges in "Variable Annuities Scheme"
The Securities and Exchange Commission has brought enforcement actions against a pair of brokers, an investment advisory firm, and several others involved in what the SEC characterized as a "variable annuities scheme" seeking to profit from the imminent deaths of terminally ill patients in nursing homes and hospice care. Read More


Massachusetts House Passes Bill Limiting Lenders' Flood Insurance Requirements
By a vote of 152-0, the Massachusetts House of Representatives has passed a bill that would limit the ability of lenders to require homeowners to purchase or pay for flood insurance. Read More

View All Legislative/Regulatory Developments
Lorelie S. Masters Joins Perkins Coie as Insurance Coverage Partner in Washington, D.C.  Read More

Genstar Capital Teams With Insurance Executives to Establish Palomar Insurance to Provide Earthquake Coverage 
Read More

ACE Group Appoints 33 Senior Executives as Corporate Officers 
Read More

AXA ART Appoints Kai Kuklinski Global CEO 
Read More

FC&S Legal Publishes Nelson Levine de Luca & Hamilton's Bad Faith Compendium: Mississippi 
Read More

View All Industry News

Q & A
Rental Reimbursement under UM Physical Damage


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

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