“Protection gaps” are one of the results of the failure of state regulation of most forms of insurance. The gap problem – as it exists for property insurance – will be discussed in detail at an upcoming conference at Rutgers Law School, with an interesting and economically diverse set of business community speakers, and truly

With trial court approval of a settlement, the parties are close to reaching the end of the long and winding road of the Avery case.   It’s about 20 years old and a fascinating case’ class claim approval occurred in 2016; see here.  As explained by Law360 in a September 16, 2016 article, “the

A press release yesterday brought news of an interesting next step in the process of increasing the intersections between law and molecular science. In short, liability insurance clients of Allianz will receive access to the ChemMeta analytic system developed by Praedicat. The ChemMeta system evaluates scientific literature regarding a selected set of chemicals that are

Those who understand asbestos litigation will appreciate the karma one could see in this outcome. For the rest of you, sorry, but the story is much too long to tell. Suffice it to say it involves lots of “float” and lots of  premiums for after the fact asbestos coverage.

http://www.krtv.com/story/37651675/judge-says-private-insurer-not-state-on-hook-for-43m-in-libby-asbestos-claims

“Posted: Mar 05, 2018 4:11

Berkshire’s appetite for asbestos claim revenue has generated numerous interesting deals, to the least. The latest pair of deals received some public analysis in a July 13, 2017 web site article by insurance coverage lawyers at K & L Gates.  The introduction describes the deals reviewed; see the full article for the conclusions.

“Earlier this

For persons and entities involved in mass tort claiming and litigation with insurance companies and/or other payors, there’s a new and potentially notable ruling about access to past bills for legal work. The ruling is described in a February 14, 2017 article at JD Supra by Cozen O’Connor.  Pasted below are the introduction and conclusion

As previously predicted by yours truly and other members of a multidisciplinary team, asbestos losses continue to rise for insurance companies. To start 2017, Hartford announced a $423 million charge to expand its coverage from NICO/Resolute.  Note that the price of the coverage is essentially 43 cents on the dollar. That’s notably more expensive

Resolute’s asbestos claims management is in the gunsights of many, for multiple reasons. Resolute just took a notable discovery hit from Amtrak and Anderson Kill. Specifically, a November 23, 2016 opinion reaffirms and extends prior orders requiring broad production of documents and/or privilege logs. The new opinion and order is  Certain Underwriters at Lloyd’s v.

The Johns-Manville chapter 11. A debacle of expediency and short-term thinking from 1992-1998, and then later “do overs.” In one of its phases, there were multiple “direct actions” suits against Travelers, which was the primary primary insurer of Manville. According to some plaintiff lawyers, Manville and Travelers conspired to defraud many plaintiffs. As a result,