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PA Supreme Court Rules on Assignments
Policyholders frequently seek to decrease liability to underlying claimants by assigning their insurance policy rights to the claimants. Typically, a policyholder will assign its rights under its liability policy to the underlying claimant in exchange for a covenant not to execute on any judgment against the policyholder. Under the assignment, the underlying claimant receives the same rights that the policyholder had against its insurer. This strategy may be particularly attractive to the policyholder if an insurer has denied coverage or reserved its right to deny coverage ' thus leaving the policyholder faced with a potentially uninsured exposure. While policyholders have successfully used this strategy to protect themselves from uninsured exposures, it is not free from complication. This article briefly discusses some of the significant issues to be considered, a number of which recently were addressed by the Pennsylvania Supreme Court in Egger v. Gulf Ins. Co., 903 A.2d 1219 (Pa. 2006).
Anti-Assignment Clauses
Law Firms are Reducing Redundant Real Estate by Bringing Support Services Back to the Office
A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.
New York's Latest Cybersecurity Commitment
On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.
Bit Parts
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
Risks of “Baseball Arbitration” in Resolving Real Estate Disputes
“Baseball arbitration” refers to the process used in Major League Baseball in which if an eligible player's representative and the club ownership cannot reach a compensation agreement through negotiation, each party enters a final submission and during a formal hearing each side — player and management — presents its case and then the designated panel of arbitrators chooses one of the salary bids with no other result being allowed. This method has become increasingly popular even beyond the sport of baseball.
Disconnect Between In-House and Outside Counsel
'Disconnect Between In-House and Outside Counsel is a continuation of the discussion of client expectations and the disconnect that often occurs. And although the outside attorneys should be pursuing how inside-counsel actually think, inside counsel should make an effort to impart this information without waiting to be asked.