David E Wood

July 26, 2024 | The American Lawyer

There is mass amnesia about how fragile law firms really are. Even storied firms can collapse when their fortunes change—and fortunes can change fast.

By David E. Wood

8 minute read

September 08, 2003 | National Law Journal

As a result of the explosion in verdicts and settlements against companies arising out of shareholder litigation, entity coverage, a key feature of directors' and officers' (DO) liability insurance that carriers have marketed aggressively in recent years, is drying up. Industry observers, lawyers and other commentators have placed some of the blame for these huge payouts on the ready availability of entity coverage.

By David E. WoodSpecial to The National Law Journal

13 minute read

January 12, 2004 | Law.com

Insurance carriers doing business in California are required by law to communicate reasonably and fairly with their policyholders. This duty is not technical in nature or difficult to articulate. The carrier must disclose to the policyholder any event or decision potentially affecting the insured's interests. To promote openness in the insurer-insured relationship, carriers violating this duty for their own selfish gain are held liable for bad faith.

By David E. Wood

6 minute read