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TODAY'S TOP DEVELOPMENTS Monday, July 11, 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

Directors & Officers
Kentucky District Court Predicts that Kentucky Supreme Court Would Not Extend Notice-Prejudice Rule to Claims-Made-and-Reported Policies
A federal district court in Kentucky has issued a decision predicting that the Kentucky Supreme Court "would not extend the notice-prejudice rule to claims-made-and-reported policies that clearly and unambiguously" required timely notice "as a condition precedent to coverage." Read More

Excess v. Prime
Virginia Supreme Court, After Analyzing Competing "Other Coverage" Clauses, Finds "Concurrent Primary Coverage" of Claims against Guards and Nurses at Regional Jail
The Virginia Supreme Court has found "concurrent primary coverage" of claims asserted by a pretrial detainee against guards and nurses at a regional jail, given "other coverage" clauses in the insurance available to the jail. Read More

Automobile Insurance
Jury Had to Determine Whether 11 Month Delay in Notice Was Prompt, Georgia Appeals Court Decides
An appellate court in Georgia, affirming a trial court's decision, has ruled that it was for a jury to determine whether an insured's excuse for failing to notify his insurer about an accident for almost 11 months was justifiable. Read More

Insurance Fraud
California District Court Disqualifies Plaintiff's Lawyer in Civil Case Alleging Insurance Fraud Where Firm Also Represented Admitted Criminal in That Fraud
A federal district court, focusing on the duty of loyalty, has disqualified a law firm from representing the plaintiff in a case alleging insurance fraud where it also represented – at the same time, in the same litigation, in the same courthouse – a defendant who had admitted to his participation in the fraud. Read More

View All Case Law Developments
 
 LEGISLATIVE/REGULATORY

In the States

New York State to Adopt Principle-Based Reserving for Life Insurers in 2018
The New York State Department of Financial Services has announced that it will adopt principle-based reserving for its regulated life insurers beginning in January 2018 and that it has convened a working group representing industry and consumers to assist it in establishing the necessary reserve safeguards. Read More

In the States
Michael Pieciak Is Named Commissioner of Vermont's Department of Financial Regulation
Vermont Governor Peter Shumlin has appointed Michael Pieciak to be the commissioner of the Department of Financial Regulation, replacing Susan Donegan, whose last day on the job was June 30. Read More

View All Legislative/Regulatory Developments
   
 INDUSTRY NEWS
W. R. Berkley Corporation Names Scott R. Barraclough President of Admiral Insurance Read More

FC&S Legal Publishes "Bitcoin, Blockchain, and Insurance: New Tech, Old Rules"
Read more

Allied World North America Launches Online Small Business Umbrella Program with Great Point Insurance 
Read More

CICA President Dennis Harwick Announces Retirement 
Read More

$2 Million to Be Distributed to Three Major Causes from Jewelers Mutual Insurance Company 
Read More

View All Industry News
 
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Q&A
Towing and Labor Costs

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 INSURANCE COVERAGE
 LAW REPORT
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View Entire Summer Insurance Coverage Law Report
 
View Insurance Coverage Law Report Archives
 
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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