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TODAY'S TOP DEVELOPMENTS Wednesday, May 18, 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.

 CASE LAW

Claims Resolution
Missouri Federal Court Dismisses Co-Insured's Action Against Bank for Paying Insurer's Checks on One Signature
A federal district court in Missouri has dismissed a co-insured's action against a bank seeking damages resulting from the allegedly fraudulent indorsement and negotiation of checks that had been issued in payment of an insurance claim. Read More

Automobile Insurance
$500,000 Underinsured Motorist Coverage Limit Was Per Accident, Not Per Person, Seventh Circuit Rules
The U.S. Court of Appeals for the Seventh Circuit, affirming a decision by the U.S. District Court for the Northern District of Illinois, has ruled that the limit of underinsured motorist coverage under an automobile insurance policy was $500,000 per accident and not per person. Read More

Umbrella
Insured's Failure to Maintain $500,000 in Primary Coverage Doomed His Umbrella Claim
An appellate court in Illinois, affirming a trial court's decision, has ruled that an insured who failed to maintain $500,000 in primary automobile liability insurance coverage as required by his umbrella policy was not entitled to defense or coverage under the umbrella policy until he incurred a loss exceeding $500,000. Read More

Commercial General Liability
Exclusions Precluded Coverage for Claims Asserted in Arbitration Demand, N.Y. Appeals Court Rules
An appellate court in New York, affirming a trial court's decision, has ruled that claims asserted in an arbitration demand fell within the scope of exclusions in commercial general liability insurance policies. Read More

View All Case Law Developments
 
 LEGISLATIVE/REGULATORY

In the States

Maryland Sues Access Funding, Alleging It Exploited Lead Paint and Other Injured Plaintiffs
Maryland Attorney General Brian E. Frosh has filed a lawsuit against Access Funding, LLC, and other affiliated companies, alleging that they misled victims of lead paint poisoning and other injured Marylanders to convert future structured settlement payments into immediate cash. Read More

Federal Actions
HHS Issues Final Rule Prohibiting Insurers from Discriminating on Basis of Gender Identity
The U.S. Department of Health and Human Services has issued a final rule declaring that individuals are protected from discrimination in health care on the basis of race, color, national origin, age, disability and sex, including discrimination based on pregnancy, gender identity, and sex stereotyping. Read More

View All Legislative/Regulatory Developments
   
 INDUSTRY NEWS
AIG Secures Approximately $300 Million of Indemnity Reinsurance Coverage for Mortgage Insurance Portfolio Read More

Great American Insurance Group Establishes Specialty Property & Casualty Business in Mexico 
Read More

Erik Nikodem Joins Everest Insurance to Lead Its U.S. Property Division 
Read More

Usage-Based Insurance Expected to Grow to 142 Million Subscribers Globally by 2023, IHS Says 
Read More

Everest Insurance Launches Alternative Solution Group 
Read More

View All Industry News
 
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Q&A
Business Use of a Personal Auto

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 INSURANCE COVERAGE
 LAW REPORT
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View Entire Spring Insurance Coverage Law Report
 
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60px_newMeyerowitz Steven A. Meyerowitz, ESQ.
Director, FC&S Legal
smeyerowitz@alm.com
60px_newSpears Victoria Prussen Spears, ESQ.
Associate Director, FC&S Legal
vspears@alm.com
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
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 www.fcandslegal.com. To subscribe to FC&S Legal, please contact customer service at 1-800-543-0874 or customerservice@nuco.com.

FC&S Legal: The Insurance Coverage Law Information Center
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