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TODAY'S TOP DEVELOPMENTS Monday, December 28, 2015

 
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

Automobile Insurance
Michigan Appeals Court Affirms Decision Permitting Insurer to Rescind Optional UIM Coverage Based on Insured’s Post-Accident False Statements
An appellate court in Michigan, affirming a trial court’s decision, has ruled that an insurance company could rescind optional underinsured motorist coverage where the insured made false statements following an accident. Read More

Crime
Crime Policy Did Not Cover Inflated Bids But Did Cover Kickbacks to Employee, New Jersey District Court Holds
A federal district court in New Jersey has ruled that the share of padded payments taken by the insured’s employee constituted “employee theft” under a crime policy – but that the excess amount the insured paid to a third party on inflated bids was not covered by the policy. Read More

Employee Benefits
8th Circuit: Insured’s Failure to Cancel One Disability Policy Did Not Allow Insurer to Rescind Its Newer Policy
The U.S. Court of Appeals for the Eighth Circuit, reversing a decision by the U.S. District Court for the District of Minnesota, has ruled that, under applicable Wisconsin law, an insurance company could not rescind a disability insurance policy of an insured it claimed was over-insured because of his failure to cancel an existing policy at the time it issued its policy, as he had agreed to do. Read More

Eye on the Experts
Second Circuit Refuses to Reconsider Important Decision on Single Versus Multiple Occurrences under General Liability Policy
This Eye on the Experts article explains a recent opinion by the U.S. Court of Appeals for the Second Circuit denying a petition for rehearing by National Liability & Fire Insurance Company with respect to the court’s decision issued in September in National Liability v. Aaron Itzkowitz, et al. That decision contains a discussion of the “unfortunate events” test followed by New York courts in determining whether multiple events constitute a single “occurrence” or multiple “occurrences” under a general liability policy. Read More

View All Case Law Developments
 
 LEGISLATIVE/REGULATORY

Reinsurance

Qatar Re Receives Regulatory Approval to Domicile in Bermuda
Qatar Reinsurance Company Ltd has completed the process of re-¬≠domiciling to Bermuda. At the same time the company has been granted a Class 4 license from the Bermuda Monetary Authority, following all regulatory approvals. Read More

In the States
Texas Department of Insurance General Counsel Sara Waitt to Retire
Texas Department of Insurance General Counsel Sara Waitt is retiring after 24 years with the agency. Read More

View All Legislative/Regulatory Developments
   
 INDUSTRY NEWS
Chubb to Provide Art Collectors Additional Risk Management Services Read More

RGA to Acquire $22 Billion Block of U.S. Term Life Reinsurance from XL Group 
Read More

Everest Insurance Announces Several Leadership Appointments within Executive Solutions Group 
Read More

Aspen Insurance Holdings Limited Appoints Karl Mayr as Director 
Read More

Kinsale Insurance Forms Inland Marine Division; Appoints Division Manager 
Read More

View All Industry News
 
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 INSURANCE COVERAGE
 LAW REPORT
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View Entire November/December 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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