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HTMLMissouri Earthquake Report Shows State's Insurance Coverage Imbalance at Critical Tipping Point
Colodny Fass P.A.;
Legal Alert/Article
August 12, 2015, previously published on August 11, 2015
The value of uninsured residential properties for earthquake damage has nearly eclipsed the value of insured properties in Missouri, insurance regulators are warning.

 

HTMLWorkers’ Compensation Legislation Advances in Illinois General Assembly
Adam Braun, Fred E. Karlinsky; Greenberg Traurig, LLP;
Legal Alert/Article
August 11, 2015, previously published on August 10, 2015
As the Illinois General Assembly enters its third month of overtime session without a state budget for the fiscal year that started July 1, efforts to amend the workers’ compensation laws in Illinois remain at the forefront of the legislative agenda.

 

HTMLFederal Agencies Provide Feedback To Nonbank Firms On Resolution Plans
Colodny Fass P.A.;
Legal Alert/Article
August 11, 2015, previously published on July 30, 2015
On July 28, 2015, The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on provided feedback to three nonbank financial companies regarding their initial resolution plans and guidance to the firms for their upcoming filings.

 

Adobe PDFPennsylvania Permits Insureds Being Defended under a Reservation of Rights to Settle Without Their Insurer's Consent
Jonathan M. Stern; Schnader Harrison Segal & Lewis LLP;
Legal Alert/Article
August 10, 2015, previously published on June 2015
A standard provision in the commercial general liability policy and many other liability policies precludes voluntary payments-settlements-by the insured without the insurer’s consent. The Supreme Court of Pennsylvania’s decision in The Babcock & Wilcox Company v. American Nuclear...

 

HTMLInsurance Exclusions
Jacy A. J. Whittaker; Parris Whittaker;
Legal Alert/Article
August 7, 2015, previously published by www.ParrisWhittaker.com on August 6, 2015
If you are involved in the shipping industry, you will be only too aware of how quickly challenging and difficult legal problems can arise at sea. When you need to make an insurance claim, the complexities of maritime law can present real barriers to getting the swift resolution you need. At top...

 

HTMLChaired by Florida Office of Insurance Regulation Deputy Commissioner, NAIC Working Group to Review Creditor-Placed Insurance Model Law Revisions Today
Colodny Fass P.A.;
Legal Alert/Article
August 7, 2015, previously published on August 6, 2015
Chaired by Florida Office of Insurance Regulation Deputy Commissioner for Property and Casualty David Altmaier, the National Association of Insurance Commissioners' ("NAIC's") Creditor-Placed Insurance Model Act Review Working Group meets today at 2 p.m. (CT)--3 p.m. (ET).

 

HTMLInsurance Regulators to Conduct Insurer Cybersecurity Verification Examinations In Conjunction with NAIC Task Force
Colodny Fass P.A.;
Legal Alert/Article
August 6, 2015, previously published on July 28, 2015
The National Association of Insurance Commissioners' ("NAIC") announced today, July 28, 2015, that its Cybersecurity Task Force ("Task Force") will be coordinating with state insurance regulators to conduct examinations of insurers for the purpose of verifying whether companies...

 

HTMLCarjacking Victim Entitled to UM Benefits in New Jersey
Gina M. Zippilli; Capehart & Scatchard, P.A.;
Legal Alert/Article
August 6, 2015, previously published on July 30, 2015
Generally speaking, to be entitled to UM benefits in New Jersey, an insured must show that a vehicle is uninsured; that the claimed injuries were the result of an accident; and that the injury arose out of the ownership, maintenance or use of the insured vehicle.

 

HTMLMediation of Florida Property Insurance Claims Rules Proposed for Revision
Sharlee Hobbs Edwards; Colodny Fass, P.A.;
Legal Alert/Article
August 6, 2015, previously published on August 3, 2015
Specifics of the mediation process for commercial residential, as well as residential property insurance claims are proposed for revision, the Florida Department of Financial Services' Division of Consumer Services announced today, August 3, 2015.

 

HTMLJeep Hack Drives Cyber, Crisis, Liability and Supply Chain Coverage Issues
Joseph F. Bermudez; Wilson Elser Moskowitz Edelman & Dicker LLP;
Legal Alert/Article
August 5, 2015, previously published on July 27, 2015
A recall notice to fix critical control software on 1.4 million vehicles should raise concerns for companies, brokers and insurers across several business lines. The vulnerability of vital control systems to a remote hacking threat is a significant exposure that raises concerns for many industries...

 


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