July 26, 2024 | The American Lawyer
Succession Is Inevitable—Good Succession Planning Is NotThere 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
Entity coverage may fade awayAs 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
Keeping QuietInsurance 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
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