Jurisdictions

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A policyholder was tricked by emails ostensibly from a vendor invoicing for work provided and sent $800,000 to the fraudster’s account.  In an action filed by the insured, a federal district court for the Eastern District of Michigan has agreed with the insurer there is no coverage for the loss. …
Read More Michigan Federal Court Finds No Coverage for Policyholder Duped By Fake Email

A policyholder was hit by a fraudster that developed emails mirroring the format of the company’s emails and showing knowledge of sensitive company details. Because of the ersatz emails, company employees were tricked into arranging a $4.8 million wire transfer to the perpetrator’s account. The federal district court for the…
Read More NY Federal Court Finds Coverage for Policyholder Duped By Computer Fraudster

Michael Yaworsky has been appointed as Chief of Staff for the Florida Office of Insurance Regulation. The appointment is effective Monday, July 24, 2017. Mr. Yaworsky previously serviced as Legal Counsel for the Georgia Office of Insurance and Safety Fire Commission and prior to that served as General Counsel for…
Read More New Chief of Staff Appointed to the Florida Office of Insurance Regulation

The Massachusetts Joint Committee on Financial Services recently held a hearing on legislation that would require motor vehicle insurers to check an applicant’s driving history before providing a premium quote. House Bill 3682, titled “an act relative to fair and accurate motor vehicle insurance quotes,” is sponsored by the Committee’s…
Read More Massachusetts Legislation on Motor Vehicle Insurance Quotes

The Illinois Department of Insurance recently adopted amendments to three parts of the insurance holding company systems regulations (50 Ill. Adm. Code 651, 653, 655).

Changes to Part 651 pertain to acquisitions of Illinois domestic insurance companies. Article VIII ½ of the Illinois Insurance Code (Insurance Holding Company Systems) was…
Read More Illinois Department of Insurance Adopts Amendments to Insurance Holding Company Systems Regulations

Connecticut Governor Dannel P. Malloy recently signed House Bill 7183 (the “Act”), which makes various changes to the state’s insurance laws. The Act, among other changes, creates a new section of the insurance code pursuant to which a dormant captive insurer may apply for a certificate of dormancy from the…
Read More Connecticut Enacts Omnibus Insurance Law

Governor Dannel P. Malloy recently signed Senate Bill 260 (“SB 260”) into law. SB 260 authorizes the Office of Policy and Management, the Department of Motor Vehicles and the Department of Emergency Services and Public Protection to establish a pilot program pursuant to which certain municipalities may permit manufacturers to…
Read More Connecticut Enacts Senate Bill 260; Establishes Task Force to Study Autonomous Vehicles

The Massachusetts Supreme Judicial Court has ruled that under a policy with a duty to defend, “the insurer’s duty to defend does not require it to prosecute affirmative counterclaims on behalf of its insured.”  The Court, its Mount Vernon Fire Ins. Co. v. VisionAid, Inc. decision with a 5-2 vote,…
Read More Massachusetts Supreme Judicial Court Holds a Duty to Defend Does Not Extend to Affirmative Counterclaims