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TODAY'S TOP DEVELOPMENTS Thursday, October 20, 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.


Life Insurance
Relying on Wisconsin Statute, Judge Posner Orders Life Insurer to Pay Life Insurance Benefits and Interest. He Also Affirms Bad Faith Ruling.
Judge Richard Posner, writing for the U.S. Court of Appeals for the Seventh Circuit, has affirmed a district court decision under Wisconsin law requiring a life insurance company to pay out on a life insurance policy even if the beneficiary did not have an insurable interest in the life of the insured. Judge Posner also affirmed the district court's decision that the insurer had acted in bad faith. Read More

Homeowners Insurance
Replacement Cost Policy Does Not Actually Require That Insurer Replace Damaged Property, If It Can Be Repaired, Florida Appeals Court Declares
An appellate court in Florida, reversing a trial court's decision, has ruled that a replacement cost homeowners' insurance policy did not actually require that the insurer replace damaged property, as a matter of law, but that the insurer could limit its liability and repair the property if it could be repaired. Read More

Verdicts & Settlements
$1 Million Jury Verdict for Doctor Who Charged That His Discharge Was Retaliatory
A jury in Illinois has awarded $1 million to a doctor who claimed that he had been fired in retaliation for blowing the whistle on one of his co-workers. Read More

Commercial Lines
1 Insurance Policy, 1 Hail Storm, 15 Damaged Properties, And 15 Deductibles, Pennsylvania Court Decides
A federal district court in Pennsylvania has ruled that the owner of 15 residential rental properties insured under one policy and damaged in one hail storm had to pay 15 deductibles. Read More

View All Case Law Developments

Health Insurance

N.J. Legislator Introduces Legislation Creating "Public Option" Health Care Plan
New Jersey Assemblyman Reed Gusciora (D-Mercer/Hunterdon) has introduced the "New Jersey Public Option Health Care Act," dubbed "JERSEYCare," which, if adopted, would create a state-run, publicly-funded health plan. Read More

Financial Conduct Authority Fines Aviva £8.2 Million 
The Financial Conduct Authority has fined Aviva Pension Trustees UK Limited and Aviva Wrap UK Limited £8,246,800 for failings in its oversight of its outsourced providers in relation to the protection of client assets. Read More

View All Legislative/Regulatory Developments
AIG Names Peter Y. Solmssen Executive Vice President and General Counsel Read More

Beazley Increases Technology and Data Breach Underwriting Team for Large U.S. Risks 
Read More

Everest Insurance Announces Head of E&S Property 
Read More

The Standard Names Todd Statczar Assistant Vice President of Retirement Plans Actuarial and Finance 
Read More

Reliance Standard Launches Voluntary Hospital Indemnity Product 
Read More

View All Industry News
Intentional Loss or Damage Exclusion


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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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