AIG plans to acquire Glatfelter Insurance Group, according to a September 21 announcement. Terms of the transaction were not disclosed. AIG panel counsel members, as well as Glatfelter panel members, will want to monitor this closely. Once the transaction closes later this year, Glatfelter CEO Tony Campisi is expected to report to David McElroy, the […]
XL Catlin Acquired by AXA
AXA XL is the name of the new Property & Casualty and specialty risk division of AXA. The division reflects the combined resources of XL Insurance, XL Reinsurance, AXA Corporate Solutions, AXA Matrix, and XL Art & Lifestyle. The acquisition, which closed September 12, places the newly combined firm in the #1 global position for […]
American Family and Main Street to Merge
American Family Insurance Mutual Holding Company (American Family) announced a planned merger with Main Street America Group Mutual Holdings, Inc. (Main Street America) in May 2018. The merger already has been approved by state insurance regulators in Wisconsin, Florida, Indiana, Minnesota and South Carolina, according to company reports, and remains subject to American Family and […]
Sexual Harassment Law Adopted by NYC
The Stop Sexual Harassment in NYC Act was enacted by the New York City Counsel in May 2018 with the goal of protecting the city’s workers from sexual harassment. This new local ordinance extends to employers with fewer than five employees and is an amendment to the New York City Human Rights Law and the […]
Chubb Offers Ride-Hailing Insurance
Chubb Ltd. and Sure Inc. are joining forces to sell on-demand accident and death coverage to passengers of ride-hailing services like Uber in the event an accident occurs while a passenger is in transit, according to a June 15 article in the Wall Street Journal titled, “Chubb: Plants Its Flag in the Future.” Medical expenses […]
EPLI Panel Counsel Trends
Employment defense law firms in search of EPLI panel counsel opportunities are feeling the pinch as national firms like Littler Mendelson and Jackson Lewis strengthen their relationships with national and regional insurance carriers offering employment practices liability insurance (EPLI). Employment practices liability insurance generally covers employers for harassment, discrimination, or wrongful termination claims filed by […]
Walmart Panel Counsel Program Automates Filings
Law firms will see falling billable hours as the Walmart panel counsel program launches a LegalMation software platform that automates certain court filings. LegalMation’s platform provides in-house legal teams and outside counsel the ability to respond to lawsuits and to draft the initial round of discovery requests in less than two minutes, according to a […]
Uber Accident Liability Drives Auto Insurers
The tragic Uber accident in Arizona involving a pedestrian highlights a potential shift in liability associated with driverless vehicles, according to a March Wall Street Journal article titled “Uber Car Fatality Awakens Insurers.” The accident occurred at 10:00 p.m. at night, while the Uber test car was in a self-driving mode but with a safety […]
AXA to Acquire XL Group
XL Group will become part of AXA in a $15.3 billion cash transaction that is expected to close during the second half of 2018. The deal will create one of the world’s largest property and casualty insurers, and will certainly be closely watched by insurance defense law firms that now serve on the XL Group […]
Patriot National Files for Bankruptcy
The workers’ compensation insurance industry is assessing the news that Patriot National Inc. made a Chapter 11 filing in the U.S. Bankruptcy Court for the District of Delaware on Jan. 30. Patriot National is an independent national provider of comprehensive full-service outsourcing solutions within the worker’s compensation insurance marketplace for insurance companies, employers, local governments […]
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