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HTMLFlorida's Citizens Property Insurance Approves Clarified Policy Language for Water Losses
Mintz Levin Cohn Ferris Glovsky Popeo P.C.;
Legal Alert/Article
December 14, 2015, previously published on December 9, 2015
Responding to skyrocketing water damage claims-related losses--particularly in South Florida--Citizens Property Insurance Corporation's ("Citizens'") Board of Governors ("Board") has approved a slate of policy changes intended to bolster claims oversight, while still serving...

 

HTMLNew Samsung Development Team To Focus on Autonomous Vehicle Components
Sutherland Asbill Brennan LLP;
Legal Alert/Article
December 11, 2015, previously published on December 10, 2015
Samsung has recently announced its intention to create a team, separate from its existing business units, to focus on development of next-generation automobile components. The components will be designed for use in autonomous or internet-connected vehicles. The announcement, Samsung’s first...

 

HTMLUS Regulators Seek To Upgrade Crash Safety Ratings and Test Dummies
Sutherland Asbill Brennan LLP;
Legal Alert/Article
December 11, 2015, previously published on December 10, 2015
The National Highway Traffic Safety Administration (“NHTSA”) has recently proposed to update its five-star crash-test rating system to account for changes in technology. The proposal was motivated in part by an increase in highway fatalities—despite a general decrease in such...

 

HTMLRemoving Junk Science From Your Trial
Scott R. Schomber; McConnaughhay, Duffy, Coonrod, Pope, Weaver, Stern & Thomas P.A.;
Legal Alert/Article
December 10, 2015, previously published on December 7, 2015
Litigants have long recognized the need for "expert witnesses" in the presentation of their claims at trial. The term "expert witness" has been defined as a person duly and regularly engaged in the practice of a profession who holds a professional degree from a university or...

 

HTMLFDIC Proposes to Amend Guidance on Brokered Deposits
Joan S. Guilfoyle; Jones Walker LLP;
Legal Alert/Article
December 9, 2015, previously published on December 3, 2015
On November 13, 2015, the FDIC announced proposed revisions to its previously issued Frequently Asked Questions (FAQs) on brokered deposits. While the FDIC stated that one of the primary purposes of the proposal was to put the FAQs in "plain English," the proposal includes some important...

 

HTMLFlorida Citizens Property Insurance Committee Update--December 2015
Colodny Fass P.A.;
Legal Alert/Article
December 9, 2015, previously published on December 4, 2015
Florida's Citizens Property Insurance Corporation ("Citizens") began its final round of Committee meetings for 2015 leading up to its Board of Governors ("Board") meeting scheduled for next week, December 9.

 

HTMLConnecticut Insurance Commissioner Bans Property and Casualty Carriers From Using Price Optimization
Colodny Fass P.A.;
Legal Alert/Article
December 9, 2015, previously published on December 4, 2015
Connecticut Insurance Commissioner Katharine L. Wade announced in Bulletin PC-81 issued today, December 4, 2015, that the Connecticut Department of Insurance has officially warned property and casualty insurance companies against using a controversial pricing method that the agency regards as...

 

HTMLCourt Rules that the Increase in Deductibles is not Retrospective
Stephen R. Moore; Blaney McMurtry LLP;
Legal Alert/Article
December 7, 2015, previously published on November 25, 2015
In less than one year, the provincial government has twice changed the rules for calculating damages for victims of motor vehicle accidents. Both times, it failed to clearly state when the new rules are to take effect.

 

HTMLFood Court Report: Food Recall Insurance - A Case Study
Arthur S. Garrett; Keller and Heckman LLP;
Legal Alert/Article
December 2, 2015, previously published on November 18, 2015
A recent decision interpreting a "food recall" insurance policy (technically a product contamination insurance policy or "PCI" for short) provides guidance for food companies selecting food recall insurance policies or in seeking coverage on a food recall claim.

 

HTMLInsurer Owes Builder Partial Coverage for $55 Million Judgment.
R. Michael Ethridge; Carlock, Copeland & Stair, LLP;
Legal Alert/Article
December 2, 2015, previously published on November 13, 2015
An insurer who denied coverage in a case which resulted in a $55 million judgment found itself on the losing end of an order in the coverage action related to that judgment. Last week South Carolina District Court Judge Richard Gergel found against Crum & Forster, ordering it to pay $2 million...

 


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