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TODAY'S TOP DEVELOPMENTS Friday, September 23, 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.


Workers Compensation
Idaho Supreme: Firefighter Failed to Prove That His Occupation Had Caused Him to Develop Lung Cancer
The Idaho Supreme Court has affirmed a decision of the Idaho Industrial Commission that a firefighter who developed, and then died from, lung cancer was not entitled to workers compensation and death benefits because he had not demonstrated that his occupation had caused him to develop cancer. Read More

Commercial Property
Company That Suffered "Direct, Pecuniary Loss" from Destruction of Property It Did Not Own Nevertheless Had Insurable Interest in That Property, Michigan Appeals Court Finds
An appellate court in Michigan, reversing a trial court's decision, has ruled that an insured could have an insurable interest in property even if it did not have a legal interest in it and even if it was not financially responsible for damages to it because an insured's pecuniary interest in insured property was sufficient to constitute an insurable interest. Read More

Life Insurance
Utah Court Denies Insurer's Request for Attorneys' Fees in Interpleader Action Involving Life Insurance Benefits Brought Against Church of Jesus Christ of Latter-day Saints and Insured's Estate
A federal district court in Utah has allowed a life insurance company that brought an interpleader action to deposit life insurance proceeds with the court — but has refused to award the insurer its attorneys' fees from the fund given that the insurer was "in the business of administering claims for life insurance benefits." Read More

"Wet Rot" Exclusion in All-Risk Policy Precluded Coverage for Rotted Roof Trusses, Michigan Appeals Court Says
An appellate court in Michigan, affirming a trial court's decision, has ruled that a "wet rot" exclusion in an all-risk insurance policy precluded coverage for damage to the insured warehouse. Read More

View All Case Law Developments

Federal Actions

Regions Bank to Pay $52.4 Million to Resolve Alleged False Claims Act Liability Arising from FHA-Insured Mortgage Lending
Regions Bank has agreed to pay $52.4 million to the United States to resolve allegations that it violated the federal False Claims Act by knowingly originating and underwriting mortgage loans insured by the Federal Housing Administration of the U.S. Department of Housing and Urban Development that did not meet applicable requirements. Read More

In the States
North Carolina Insurance Department Imposes Record Fine
Blue Cross Blue Shield of North Carolina has been fined $3.6 million by the North Carolina Department of Insurance. Read More

View All Legislative/Regulatory Developments
Louisiana Floods to Cost U.S. Economy More Than $10 Billion, According to Aon Catastrophe  Read More

Demand for Customized Reinsurance and Insurance Solutions Is Growing, Swiss Re Says  
Read More

Technology Is Driving Long-Term Transformation of Insurance Industry; Price Levels Expected to Stabilize  
Read More

FC&S Legal Publishes "Five Keys to Understanding and Securing Cyber Insurance"  
Read More

FC&S Legal Publishes "Insurance Regulators Propose New Guidelines for Reviewing Acquisitions"  
Read More

View All Industry News
Commercial Property Conditions on Separate Form


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

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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, Cope Ehlers, 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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