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HTMLWeathering the Storm: Five Tips for Maximizing Insurance Recoveries for Hurricane Matthew Losses
Edward M. (Ed) Joyce, Jason B. Lissy; Jones Day;
Legal Alert/Article
October 12, 2016, previously published on October 2016
With Hurricane Matthew having pummeled certain islands in the Caribbean and much of the southeastern seaboard of the United States, businesses will soon look to secure insurance recoveries for the estimated billions of dollars in property damage and business income losses left in its wake. While...

 

HTMLThird Circuit Affirms Summary Judgment for Nationwide in Bad Faith Case
Charles E. Haddick, Bryon R. Kaster; Dickie, McCamey & Chilcote, P.C.;
Legal Alert/Article
October 11, 2016, previously published on October 6, 2016
In Bodnar, et al. v. Nationwide Mutual Insurance Company, No. 15-3485 (3d Cir., October 4, 2016), the Plaintiffs alleged that Nationwide was guilty of bad faith in the investigation of whether or not the work-related death of an employee of its insured was covered or barred by the terms of the...

 

HTMLFlorida: Insurer Liable For Attorneys' Fees Without Finding of Bad Faith
Charles E. Haddick; Dickie, McCamey & Chilcote, P.C.;
Legal Alert/Article
October 7, 2016, previously published on October 3, 2016
The Supreme Court of Florida has ruled that Omega Insurance can be held liable for the payment of an insured’s attorneys’ fees following the wrongful denial of a sinkhole claim, and that bad faith is not a prerequisite to such an award, in Johnson v. Omega Insurance Company, SC14-2124.

 

HTMLFirst-Ever: Cybersecurity Regulations Released by New York Department of Financial Services
Duane Morris LLP;
Legal Alert/Article
October 5, 2016, previously published on September 16, 2016
After surveying nearly 200 of its regulated banking and insurance companies for industry insight, the New York Department of Financial Services (the “NYDFS”) proposed a first-ever, cybersecurity regulation, on September 13, 2016, to protect against the growing threat of cyber-attacks....

 

HTMLSTOLI Scheme Saved By Expiration of Contestability Clause
Wilson G. Barmeyer, Kristine M. Ellison, Phillip E. Stano, Steuart H. Thomsen, Gail L. Westover; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
October 5, 2016, previously published on October 4, 2016
On September 22, the Florida Supreme Court in Wells Fargo Bank NA v. Pruco Life Insurance Co., No. SC15-382 (Fla. Sept. 22, 2016) denied Pruco Life Insurance Company’s challenge to the validity of an insurance policy purchased under a stranger-originated life insurance (STOLI) scheme because...

 

HTMLUnclaimed Property Disputes Over State Priority Take Center Stage, Head to U.S. Supreme Court and the Third Circuit
Wilson G. Barmeyer, Joseph A. Ficarrotta, Phillip E. Stano, Mary Jane Wilson-Bilik; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
October 5, 2016, previously published on October 5, 2016
Disputes over the unclaimed property priority rules continue to intensify. The U.S. Supreme Court accepted review of a clash involving more than 20 states regarding the right to take custody of official checks. Meanwhile, a holder will appeal a federal district court’s decision that Delaware...

 

HTMLAvoiding the Insurer Bite: Insurance Coverage for Zika Virus Losses
Tyrone R. (Ty) Childress, Jason B. Lissy; Jones Day;
Legal Alert/Article
September 28, 2016, previously published on September 2016
Named after the Ugandan forest in which it was first discovered, outbreaks of Zika virus have until recently been limited to tropical Africa, Southeast Asia, and the Pacific Islands. The past year, however, has witnessed the rapid spread of Zika virus throughout the Western Hemisphere, including...

 

HTMLChecklist for Louisiana Homeowners—Contracting for Repair of Disaster Damage
Andy St. Romain, Richard J. Tyler; Jones Walker LLP;
Legal Alert/Article
September 28, 2016, previously published on September 20, 2016
As property owners shift their focus to repairing the very visible water damage to buildings and other structures, they should not lose their focus when it comes to the less apparent concerns that come with engaging contractors. Entities, like the Louisiana State Contractor Licensing Board, provide...

 

HTMLLouisiana Economic Development Estimates $8.7 Billion in Residential, Commercial Flood Damage
Taylor Porter Brooks Phillips L.L.P.;
Legal Alert/Article
September 27, 2016, previously published on September 13, 2016
The Louisiana Economic Development, in a press release, estimates the August 2016 Louisiana Flood caused $8.7 billion in damage to Louisiana residential and commercial properties, with damage to businesses in the state exceeding $2 billion. Those figures do not include damage to the state’s...

 

HTMLFDA Convenes Two-Day Public Hearing on Human Cell and Tissue Product Regulatory Paradigm
Joanne S. Hawana, Rodney Whitlock; Mintz Levin Cohn Ferris Glovsky Popeo P.C.;
Legal Alert/Article
September 26, 2016, previously published on September 15, 2016
As stakeholders and watchers of the expansive field of regenerative medicine likely are aware, earlier this year a study published in the peer-reviewed journal Cell Stem Cell reported on the growth of so-called stem cell clinics operating in the U.S. It also examined the types of claims being made...

 


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