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TODAY'S TOP DEVELOPMENTS Monday, September 29, 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.


Commercial Property
Force-Placed Insurance Premiums Paid by Bank Entitles It to an Administrative Expense Claim in Debtor's Bankruptcy Case, Court Rules
A bankruptcy court in Georgia has ruled that force-placed insurance premiums paid by a bank after its debtor entered bankruptcy entitled the bank to an administrative expense claim in the debtor's Chapter 12 bankruptcy case. Read More

Insurer Insolvency

Appeals Court Finds Insureds' First DJ Action against California Insurance Guarantee Association Did Not Trigger Three Year Statute of Limitations
An appellate court in California, reversing a trial court's decision, has ruled that a declaratory judgment action against the California Insurance Guarantee Association did not trigger the three-year statute of limitations for breach of the CIGA's statutory obligations. Read More

Commercial Property
Under Policy's Standard Mortgage Clause, Mortgagee Cannot Be Denied Payment for Loss Based on Mortgagor's Acts or Neglect, Minnesota Appeals Court Rules
An appellate court in Minnesota, reversing a trial court's decision, has ruled that, under a standard mortgage clause, a mortgagee's insurance may not be invalidated by the mortgagor's acts or neglect. Read More

Workers Compensation
Policies Did Not Cover Bankrupt Company's Self-Insured Entities' Workers' Comp Obligations, Second Circuit Finds
The U.S. Court of Appeals for the Second Circuit, affirming a lower court's decision, has ruled that insurance policies issued to a company before it entered bankruptcy did not obligate the insurers to assume the workers' compensation liabilities arising from its self-insured entities in Michigan. Read More

View All Case Law Developments

Federal Actions

Congressional Research Service Issues Report on Insurance Regulation
The Congressional Research Service has issued a report on insurance regulation. Read More

Alternative Risk and Captives

North Carolina Department of Insurance Estimates Over 40 Captives by Year-End
In less than a year since its captive-enabling legislation went into effect, the North Carolina Department of Insurance has licensed 12 captives, including five protected cell captive insurance companies that have multiple cells. There are more than 16 license applications currently under review. Read More

View All Legislative/Regulatory Developments
Catalina Holdings to Acquire Danielson Indemnity Company Read More

Stuart Henderson Assumes Chairmanship at NAMIC Annual Convention 
Read More

Anti-Fraud Tech Plays Growing Role and Offers ROI, More Insurers Say 
Read More

Berkshire Hathaway Specialty Insurance Moves into Fidelity and Crime Insurance Market, Appoints Brian O'Neill as Product Line Leader 
Read More

Deere & Company to Review Crop Insurance Business Read More

View All Industry News
Personal Property of Others in Comparison with Bailees Coverage


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

View Entire September 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
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

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