Sedgwick Acquires York

Sedgwick Claims Management Services, Inc. just strengthened its position as a leader in claims and productivity management solutions to major employers with its acquisition of York Risk Services Group. The acquisition was completed on September 4, 2019. Current and past...
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Lyft Insurance Strategy Revealed in IPO Filing

Lyft allots $863.7 million to a subsidiary for restricted reinsurance trust investments used to protect the company against liability claims. The disclosure is found in one short section of the S-1 initial public offering (IPO) document filed by Lyft with...
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Payless Panel Counsel Program Ends in Bankruptcy

Payless Holdings LLC, parent company of Payless ShoeSource Inc., filed for bankruptcy for the second time in two years on February 18, 2019. The company plans to close all 2,500 stores in North America and lay-off most of its 16,000...
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Scooter Liability and Insurance Coverage

Startups such as Bird, Lime, Skip, Spin, and Scoot offering electric scooter-rental services have grown in popularity this past year, giving rise to scooter liability concerns. A scooter is classified as a light two-wheeled, open motor vehicle with a low-powered...
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Top 10 Causes of Insurance Claims and Loss

Fires, explosions, aviation, and faulty workmanship top the list of insurance losses as measured by total value, according to a new Global Claims Review published by Allianz Global Corporate & Specialty (AGCS) which addresses more than 75 percent of the...
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Law Firm Cybersecurity Risks

Foley & Lardner revealed the existence of a cyber-attack in October 2018, and worked quickly to assure clients that no confidential data was compromised. As this incident illustrates, law firms are not immune to cyber threats. To prevent unauthorized access...
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The Case for Business Development

Marketing and business development campaigns are often a low priority at many insurance defense law firms. The day-to-day demands of an insurance defense caseload come first, as they should. The risk, however, is that the managing partner and other shareholders...
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Hartford to Acquire Navigators

Consolidation in the P&C insurance industry continues with the August 22nd announcement by The Hartford that it has reached an agreement to acquire The Navigators Group, Inc. for $2.1 billion in cash. The deal is expected to close in early...
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AIG Panel Counsel News Update

AIG profits dropped in the first quarter of 2018. Insurance defense law firms that are on the AIG panel will want to stay alert to the global carrier’s operating results, since the firm remains under pressure to improve performance. The...
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Wisconsin Shines Light on Litigation Funding

Proponents of litigation funding transparency are celebrating a new Wisconsin law, adopted in April, that requires identification of any third-party that provides funding support for a lawsuit. Litigation funding has been drawing more media attention lately, as reflected in a...
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Auto Liability & Pedestrian Accidents

Pedestrian safety is a growing problem across the country, with implications for auto liability panel counsel members. About 15 percent of all traffic fatalities in 2017 involved pedestrians, according to the Governors Highway Safety Association (GHSA). This is the highest...
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Marijuana Use and Workers’ Comp Claims

As medical and recreational use marijuana becomes more widespread under state law, changes are being considered for state workers’ compensation systems. The legalization of marijuana is likely to have a profound impact on all areas of employment, including workers' comp...
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