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TODAY'S TOP DEVELOPMENTS Tuesday, March 22, 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
N.J. District Court Refuses to Reopen Superstorm Sandy Case Dismissed After "Months of Inaction"
The U.S. District Court for the District of New Jersey has refused to reopen a Superstorm Sandy coverage case that it had previously dismissed after what it had characterized as "months of inaction," rejecting the plaintiff's argument that his former counsel had been negligent in prosecuting his case.  Read More

Superstorm Sandy
N.Y. Appeals Court in Superstorm Sandy Case Rules that Policy's Deductible was $2.5 Million, Not $250,000
An appellate court in New York, reversing a trial court's decision, has ruled that the applicable deductible in a commercial property insurance policy was $2,494,020 and that the claim submitted by the insured for damage caused by Superstorm Sandy did not meet the deductible.  Read More

Superstorm Sandy
Policy Separately Covered Debris Removal Costs in Excess of Flood Limit, N.J. Appeals Court Rules in Superstorm Sandy Case
A New Jersey appellate court has reversed a trial court's decision in a Superstorm Sandy case and has ruled that the owner of an apartment complex damaged by Superstorm Sandy was entitled to recover over $200,000 for the costs of debris removal from its insurer in addition to the policy's $1 million limit for flood damage to its insured property.  Read More

Superstorm Sandy
Waiver in Bailor/Bailee Agreement Did Not Bar Insurer's Later Subrogation Action, N.Y. Appeals Court Rules in Superstorm Sandy Case
An appellate court in New York, in a Superstorm Sandy case, has reversed a trial court's decision and has ruled that a waiver of subrogation contained in an agreement between an art gallery and a bailee was not enforceable and did not bar a later subrogation action brought by the gallery's insurer against the bailee.  Read More

View All Case Law Developments

Automobile Insurance

U.S. DOT and IIHS Announce Automakers' Commitment to Make AEB Standard on New Vehicles
The U.S. Department of Transportation's National Highway Traffic Safety Administration and the Insurance Institute for Highway Safety have announced that 20 automakers representing more than 99 percent of the U.S. auto market have committed to make automatic emergency braking a standard feature on virtually all new cars no later than September 1, 2022.  Read More

Federal Actions
AIG Affiliates Settle Conflicts Charges with SEC for $9.5 Million
Three AIG affiliates have settled charges by the Securities and Exchange Commission that they steered mutual fund clients toward more expensive share classes so the firms could collect more fees.  Read More

View All Legislative/Regulatory Developments
LeClairRyan Adds 13 to Boston Office's Insurance Coverage Litigation Practice   Read More

Dai-ichi Life Updates Plan to Shift to Holding Company Structure   
Read More

Horizon Blue Cross Blue Shield of New Jersey Appoints Kevin P. Conlin as EVP and COO   
Read More

William Pieroni Succeeds Gregory Maciag as ACORD CEO   
Read More

Goldberg Segalla Opens New Florida Offices Led by Rodney Janis  
Read More

View All Industry News
Duties of the Insurer


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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, 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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