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TODAY'S TOP DEVELOPMENTS Tuesday, October 4, 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.


Attorney's Fees
Florida Supreme: Incorrect Denial of Benefits Alone – Not Insurer Bad Faith – Permits Statutory Award of Attorneys' Fees to Insured
The Florida Supreme Court, reversing an appellate court's decision, has ruled that an insured's recovery of attorneys' fees under Section 627.428, Florida Statutes, does not require bad faith or maliciousness on the part of an insurance company in the denial of a valid claim, but only an incorrect denial of benefits. Read More

Workers Compensation
West Virginia's Top Court Explores Meaning of "May" in Workers' Comp Law
The Supreme Court of Appeals of West Virginia has ruled that the use of the word "may" in West Virginia's workers' compensation law was "inherently permissive in nature" and signified that the legislature "meant to make the referenced act discretionary, rather than mandatory." Read More

Excess Policy's "Prior Insurance" Clause Was Ambiguous, Connecticut District Court Decides
A federal district court in Connecticut, applying California law, has ruled that the phrase "any other excess policy" in a prior insurance section of an excess policy included only other prior excess policies issued by that excess insurer – not by any other insurer. Read More

Best of September
Top 10 Insurance Coverage Case Law Developments for September
Here are the Top 10 Insurance Coverage Case Law Developments for September 2016. Read More

View All Case Law Developments

Life Insurance

FASB Issues Proposed Changes to Accounting Guidance for Long-Duration Contracts Issued by Insurance Companies
The Financial Accounting Standards Board has issued a proposed accounting standards update that, it said, is intended to improve financial reporting for insurance companies that issue long-duration contracts, such as life insurance, disability income, long-term care, and annuities. Read More

In the States
Ohio State Senator Named NAMIC's 2016 State Legislator of the Year 
The National Association of Mutual Insurance Companies has named Bob Hackett, an Ohio state senator, as the association's State Legislator of the Year. Read More

View All Legislative/Regulatory Developments
Liberty Mutual Insurance Appoints Michael Prestileo Senior Vice President and General Manager for Liberty Mutual Benefits Distribution Read More

Arch Insurance Group Appoints James Slate Senior Vice President and Head of Accident & Health in the U.S. 
Read More

AIG Names Hugh Tamassia Chief Enterprise Architect 
Read More

AEGIS Names Owen Ryan as CEO; Alan Maguire to Retire After Leading AEGIS for Over 20 Years 
Read More

Travelers Risk Index Identifies Top Concerns of Consumers and Business Leaders 
Read More

View All Industry News
Cross Utility Vehicle as a Motor Vehicle


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

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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