Insurance Legal News -- May/June 2011 • Volume 4, Number 3(A) Supplement

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In This Issue:

- Bill Introduced In Michigan Senate Would Assess 1% Tax On Health Care Claims

On April 27, 2011, SB 348 (which would be known as the Michigan Health Insurance Claims Assessment Act) was introduced in the Michigan Senate and referred to the Committee on Appropriations.....

- Sixth Circuit Upholds Jury Verdict Awarding $7.7 Million For Indirect Lending Losses Covered By A Fidelity Bond’s “Faithful Performance” Clause

In Michigan First Credit Union v CUMIS Insurance Society, Inc, 2011 US App LEXIS 10400 (6th Cir, May 24, 2011), the United States Court of Appeals for the Sixth Circuit affirmed a district court’s refusal to grant the defendant insurer judgment as a matter of law.....

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