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HTMLFlorida House Insurance and Banking Subcommittee Advances Bills At March 19, 2014 Meeting
Colodny Fass Talenfeld Karlinsky Abate Webb P.A.;
Legal Alert/Article
March 21, 2014, previously published on March 19, 2014
The House Insurance and Banking Subcommittee ("Subcommittee") met today, March 19, 2014.

 

HTMLMassachusetts Appeals Court Finds That Policyholder’s Misrepresentations Limit Coverage
Alexander G. Henlin; Edwards Wildman Palmer LLP;
Legal Alert/Article
March 20, 2014, previously published on March 18, 2014
The Massachusetts Appeals Court has upheld a lower-court judgment severely limiting the amount of coverage available to a motor vehicle policyholder, writing that the policyholder’s failure to control who operated the car constituted a misrepresentation that invalidated coverage even in the...

 

HTMLThe ABCs of Life Insurance and Divorce
Capehart Scatchard P.A.;
Legal Alert/Article
March 19, 2014, previously published on March 7, 2014
The effects of divorce upon the right to life insurance are often greatly misunderstood, and many individuals don’t realize the impact that divorce has upon this asset. As such, upon death, many policies are paid in a manner which is unintended.

 

HTMLSection D Denied: The Tucker Cases
Matthew N. Craig; Stewart McKelvey;
Legal Alert/Article
March 19, 2014, previously published on Winter 2014
In September 2012, the Supreme Court of Newfoundland and Labrador released two concurrent decisions related to a collision between a pedestrian on a crosswalk and an unknown vehicle. The first decision, Tucker v. Unknown Person, dismissed the plaintiff's application to add his own automobile...

 

HTMLFlorida Supreme Court Rules an Insured Can Use Payments from a Third Party to Satisfy a Self-insured
Alan Fiedel, Kelly M. Peña; Wilson Elser Moskowitz Edelman & Dicker LLP;
Legal Alert/Article
March 19, 2014, previously published on March 17, 2014
On February 6, 2014, in Intervest Construction of Jax, Inc., et al. v. General Fidelity Insurance Company, the Florida Supreme Court held that an insured can use payments from a third party to satisfy a self-insured retention provision, and that - absent an explicit provision to the contrary - a...

 

HTMLMassachusetts Legislature Considers Unemployment Insurance Reform and Minimum Wage Increase
George K. Atanasov, Julie Cox, James Sasso; Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.;
Legal Alert/Article
March 19, 2014, previously published on March 14, 2014
Increasing the minimum wage and reforming the unemployment insurance (“UI”) system in Massachusetts are the two major employment issues facing the 2013¿2014 Legislature, which comes to a close on July 31, 2014. The Senate and House have separately passed legislation to address...

 

HTMLNew Ruling Permits Lenders to Require Flood Insurance Coverage in Excess of Loan Amount
Edward L. Kelly; Rogers Towers, P.A.;
Legal Alert/Article
March 19, 2014, previously published on March 14, 2014
Recent events have been highlighted in the press, regarding the redrawing of federal flood hazard maps and proposed increases in premium rates for flood insurance for property owners within special flood hazard zones, which may have a significant impact on the cost of home ownership in Florida and...

 

HTMLThe Jury Knows Best
Stewart McKelvey;
Legal Alert/Article
March 19, 2014, previously published on Winter 2014
Of late, juries in Nova Scotia have taken quite a beating. Over the past couple of years, courts have been more and more likely to strike jury notices on the basis that the issues are too complex for the average citizen. Despite the view that juries are simply not as equipped to handle complex...

 

HTMLEnterprise Risk Reports Due Soon
Lawrence R. Hamilton, Hilary Kang, Vikram Sidhu, James R. Woods, Nicole Zayac; Mayer Brown LLP;
Legal Alert/Article
March 19, 2014, previously published on March 17, 2014
This is a friendly reminder that the deadline for filing enterprise risk reports is fast approaching in states that require them. While the due date varies by state, it is generally tied to the due date for the annual holding company registration statement, which is April 30 in most states...

 

HTMLSenate Bill Would Allow Federal Reserve to Exclude Insurers From Dodd-Frank Consolidated Capital Requirements
Edwards Wildman Palmer LLP;
Legal Alert/Article
March 18, 2014, previously published on March 14, 2014
U.S. Senator Susan Collins (R-Maine) has introduced a bill, S.2012, in an effort to clarify the application of Section 171 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) to insurance companies. Section 171 (codified at 12 U.S.C. 5371) requires...

 


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