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TODAY'S TOP DEVELOPMENTS Monday, July 28, 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.

Insurer Insolvency
In Case of First Impression, Pennsylvania Supreme Rules that Coverage Ends for All “Risks in Effect” No Later than 30 Days after Insurer Entered Liquidation
In a case of first impression, the Pennsylvania Supreme Court has ruled that Pennsylvania insurance law terminates coverage for all “risks in effect” under a service contract reimbursement insurance policy no later than 30 days after the insurer enters liquidation, notwithstanding that the insurance policy had been cancelled before the liquidation date. Read More

Workers’ Compensation
Workers’ Comp Insurer May Force Employee to Settle Tort Action, Wisconsin Supreme Court Rules
The Wisconsin Supreme Court has ruled that a workers’ compensation insurance company may compel an employee to accept a settlement offer in a tort action. Read More

Trial Strategy
Structuring a Release to Effect Insurance Coverage for Punitive Damages
A unanimous decision by the Georgia Supreme Court appears to offer a method of indirectly obligating an insurance company to pay punitive damages while increasing the amount of uninsured/underinsured motorist benefits an insured receives. Read More

Commercial Property
Theft Exclusion Barred Coverage for Damage Caused By and For the Purpose of Theft or Burglary, Subject to a Limited Entrance/Exiting Exception, Colorado District Court Rules
A Colorado district court has ruled that a theft exclusion in a blanket mortgage security insurance policy unambiguously excluded coverage for any damage directly caused by and for the purpose of theft or burglary at the property, subject to the “gaining entrance/exiting” exception to the exclusion. Read More

View All Case Law Developments

Federal Actions
MetLife on Verge of Being Designated a SIFI
The Financial Stability Oversight Council (“FSOC”) appears likely to designate MetLife, Inc., as a non-bank systemically important financial institution under Dodd-Frank, rejecting the life insurer’s arguments that it should not be so designated. Read More

Alternative Risk and Captives
Sanford Saito Appointed Hawaii’s Deputy Insurance Commissioner and Captive Insurance Administrator
Sanford Saito has been appointed deputy commissioner and captive insurance administrator for the Hawaii Department of Commerce and Consumer Affairs Insurance Division. Read More

View All Legislative/Regulatory Developments
American Lung Association Report Urges Insurance Plans to Provide Tools to Help Smokers Quit Read More

Former Health Insurance Regulator Teresa D. Miller Joins Crowell & Moring as a Partner Read More

Raymond W. Wasilewski Named Chief Operating Officer of Life Companies, Overseeing Farm Bureau Life Insurance Operations Read More

Natural Disaster Insurance Payout Reached $22 Billion by Mid-Year, According to Impact Forecasting Catastrophe Report Read More

No-Fault Attorney Joseph Armao Joins Abrams Fensterman Read More

View All Industry News
Party in Leased Premises Causes Damage

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

View Entire July 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, Rivkin Radler 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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