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TODAY'S TOP DEVELOPMENTS Friday, October 4, 2013

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.


Excess v. Prime
Excess Insurer May Pursue Primary Insurer for Bad Faith Failure to Settle Within Its Policy Limits, Missouri Appeals Court Rules
In a case of first impression, a Missouri appellate court has ruled that an excess insurance carrier can recover from a primary insurer on a theory of equitable subrogation the amounts contributed from the excess policy as a result of the primary insurer's bad faith failure to settle a claim within the policy limits. Read More

Professional Liability Insurance

Policy's Prior Knowledge Provision Dooms Coverage Action by Lawyer and His Firm Against Malpractice Carrier
A federal district court in Pennsylvania has ruled that a professional liability insurance policy's prior knowledge provision barred coverage of a malpractice action against a lawyer and his firm where a disciplinary complaint against the lawyer had been initiated prior to the policy's effective date. Read More

Title Insurance
Court Certifies Class Against Title Insurer in Case Alleging Excessive Refinancing Charges
A federal district court in Connecticut has certified a class action in a case brought against a title insurance company alleging that it charged excessive refinancing fees. Read More

Court Rejects Homeowners Claims under Standard Flood Insurance Policy Because His Basement Was Not Covered and He Had Not Filed a Proof of Loss
A federal district court in Indiana has dismissed a homeowners action against the issuer of his standard flood insurance policy, Fidelity National Property and Casualty Insurance Company, a "Write Your Own" Program Carrier participating in the National Flood Insurance Program. Read More

View All Case Law Developments


FASB to Hold Roundtable Meetings on Insurance Proposal
The Financial Accounting Standards Board will host public roundtable meetings on the changes it proposed in June to the accounting rules for insurance contracts. Read More


FEMA Extends Superstorm Sandy Proof of Loss Deadline for Flood Claims to April 28, 2014
The deadline for standard flood insurance policy policyholders to send their complete proofs of loss with all documentation to fully support their Superstorm Sandy-related claims has been extended to April 28, 2014. Read More

View All Legislative/Regulatory Developments
P&C Insurers Say Workforce Management Is Their Primary Claim-Related Challenge, According to Towers Watson Survey Read More

Penn Mutual Life Insurance Introduces New Protection Guard Universal Life Product 
Read More

W. R. Berkley Corporation Names Alastair Blades Chief Executive of W. R. Berkley Syndicate Management Limited 
Read More

Travelers Launches New Suite of Online Cyber Risk Resources for Business Owners 
Read More

AmTrust Financial Services Announces Its Intent to Acquire The Insco Dico Group 
Read More

View All Industry News

Windstorm and Hail Coverage October, 2013


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

View Entire October/November 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, 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 ($795 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].

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