Category Archives: Insurance

Treatise Update – Directors’ and Officers’ Liability: Current Law, Recent Developments, Emerging Issues (Third Edition)

Directors’ and Officers’ Liability is a vital treatise for corporate counsel, private practitioners, and directors and officers which provides a straightforward explanation of the obligations of directors and officers of public companies, the penalties they face if they fail to meet their obligations, and the protections that are offered them under the law or by agreement. 

The book covers the key facets of board committees; the duties of directors and officers under state corporate law and federal and state securities laws; private civil actions and public enforcement; exculpation, indemnity, and insurance; cybersecurity; contested mergers and acquisitions; Securities Act suits filed in state court; special issues in pharma and biotech; and more.

Highlights of the new release include:

  • Gender and Ethnic Diversity of Boards. State legislatures, courts, proxy advisory firms, and stock exchanges have all recently weighed in on requiring boards to maintain certain levels of diversity. See §§ 1:10 and 2:3.3[C] for discussion of the latest developments.
  • Caremark Claims. Hughes v. Hu and Teamsters Local 443 Health Services & Insurance Plan v. John G. Chou are the latest in a string of recent decisions from the Delaware Court of Chancery interpreting and applying Caremark. See §§ 3:3.14, 8:8.3, and 8:8.4 for detailed analysis.

Order a print copy today.

PLI PLUS subscribers can access this title through their subscription.

Insurance Law Webinar – Tuesday!

Please join us on Tuesday, January 26 at 3:00 p.m. ET for a brief demo highlighting the Insurance Law resources available on Practising Law Institute’s (PLI) online research database, PLI PLUS. Led by PLI’s Associate Director of Library Relations Kay Mitchell, this 30-minute demo will cover popular Insurance Law titles and review research scenarios to demonstrate key features of PLI PLUS.

POPULAR INSURANCE LAW TITLES AVAILABLE ON PLI PLUS INCLUDE:

This demo is part of our ongoing webinar series. Each month we highlight PLI’s resources in a different practice area while also demonstrating the overall functionality of the research database.  For registration and a list of upcoming webinars, visit PLI Practice Area Webinars.

New Title! COVID-19 and Other Pandemics

COVID-19 and Other Pandemics: Business and Legal Challenges, a new treatise from PLI Press, is now available for purchase.

The dramatic rise in client questions about the fallout from COVID-19 – on workplace risks, liability, health insurance, contracts and force majeure clauses, testing and tracing and more – presents a real-time challenge: Lawyers need clear answers now to navigate the regulatory and medical challenges.

This book, from public health and safety regulation experts James O’Reilly and Philip Hagan, provides background and analysis of legal and scientific issues that clients will need to understand in order to manage the new “normal” they are facing as they try to conduct business amidst a global pandemic. This results-oriented treatise combines practical advice, the latest scientific research and guidance from key government agencies to provide readers with the answers they need and the questions they didn’t know to ask.

Read more about this timely treatise on Above the Law.

Order a print copy today.

PLI PLUS subscribers can access this title through their subscription.

PLI Current: COVID-19 Special Issue

PLI Press published a special issue of PLI Current to address the developing effects of the COVID-19 outbreak on the legal community. Covering a variety of legal issues related to COVID-19, this special issue contains a mix of original reportage, program materials and transcripts from recent PLI One Hour Briefings. Below is a list of contents along with links to individual articles.

*All articles and online programs related to the global coronavirus crisis are free to access with your PLI login. For upcoming programs, visit pli.edu/coronavirus.

  1. COVID-19: Reducing the Spread of Both Illness and Social Panic 
  2. Coronavirus: What Lawyers Need to Know: Transcript of the PLI One Hour Briefing, conducted March 10, 2020 
  3. Coronavirus: What Lawyers Need to Know (program materials)
  4. Coronavirus: Insurance Coverage for Event Cancellation, Travel and Supply Chain Losses: Transcript of the PLI One Hour Briefing, conducted March 17, 2020 
  5. Coronavirus: Insurance Coverage for Event Cancellation, Travel and Supply Chain Losses (program materials) 
  6. Investment Adviser Regulatory Update: Considerations Regarding the Coronavirus and Getting Ready for the 2020 ADV Update Season: Transcript of the PLI One Hour Briefing, conducted March 18, 2020 
  7. Investment Adviser Regulatory Update: Considerations Regarding the Coronavirus and Getting Ready for the 2020 ADV Update Season (program materials) 
  8. COVID-19 and the Cyber-Risks of Working from Home: Meeting the Challenges: Transcript of the PLI One Hour Briefing, conducted March 25, 2020 
  9. COVID-19 and the Cyber-Risks of Working from Home: Meeting the Challenges (program materials) 
  10. COVID-19 Challenges for First Quarter 2020 Form 10-Q and Annual Meetings: Transcript of the PLI One Hour Briefing, conducted March 26, 2020 
  11. COVID-19 Challenges for First Quarter 2020 Form 10-Q and Annual Meetings (program materials) 
  12. How Employers Can Manage the Coronavirus/COVID-19 Pandemic: Your Workplace Questions Asked—and Answered!: Transcript of the PLI One Hour Briefing, conducted March 26, 2020 
  13. How Employers Can Manage the Coronavirus/COVID-19 Pandemic: Your Workplace Questions Asked—and Answered! (program materials)
  14. Coronavirus Considerations: SEC Disclosure, Labor & Employment, Insurance, Litigation, Breach of Contract and Force Majeure Issues: Transcript of the PLI One Hour Briefing, conducted March 27, 2020 
  15. Coronavirus Considerations: SEC Disclosure, Labor & Employment, Insurance, Litigation, Breach of Contract and Force Majeure Issues (program materials)

Treatise Update: Reinsurance Law

Reinsurance Law examines the intricacies of U.S. reinsurance law in the 21st century, giving readers a practical grasp of the purpose, benefits, markets, and costs of reinsurance; the features, operation, and risk-and-return characteristics of the full range of reinsurance products; state, federal, and international regulation of reinsurance; and a full understanding of resolving disputes in the industry. Enhanced with time-saving checklists and numerous sample clauses and sample agreements, this practical treatise covers federal and state law, industry standards, customs, practice—including the Utmost Good Faith and Follow-the-Fortunes doctrines—and relevant case law in clear, straightforward terms.

Highlights from Release #14 of Reinsurance Law include:

  • Chapter 3: A section on Implied Follow-the-Fortunes Provision addresses whether the follow-the-fortunes doctrine is implied in facultative reinsurance certificates when there is no express working to that effect (see section 3:3).
  • Chapter 3: A section on Reinsurer’s Obligation Regarding Supplemental Benefits Outside of the Applicable Limits of Liability discusses the Second Circuit decision in Utica Mutual Insurance Co. v. Clearwater Insurance Co., holding that the contracts required payment of expenses in addition to the stated liability limits in the facultative contracts. The ruling was based on form language in the contracts and the absence of language stating that the reinsurer’s liability would be “subject to” the stated limits of liability (see section 3:4).
  • Chapter 6: A section on Vacating or Modifying the Award explains how before an arbitrator is officially engaged to perform an arbitration, to ensure the parties’ acceptance of the arbitrator is informed, potential arbitrators must disclose their ownership interests, if any, and the arbitration organizations with whom they are affiliated in connection with the arbitration and those organizations’ nontrivial business dealings with the parties to the arbitration (see section 6:9.2).

Order your print copy today.

PLI PLUS subscribers can access this title through their subscription.

Reinsurance Law Update

Reinsurance Law examines the intricacies of U.S. reinsurance law in the twenty-first century, giving readers a practical grasp of the purpose, benefits, markets, and costs of reinsurance; the features, operation, and risk-and-return characteristics of the full range of reinsurance products; state, federal, and international regulation of reinsurance; and a full understanding of resolving disputes in the industry.

This practical treatise is enhanced with time-saving checklists and numerous adaptable sample agreements and sample clauses.

Release #13 expands and updates the treatise with coverage of the latest developments in reinsurance law. Highlights of the update include the following:

  • Revised Section 3:4, Reinsurer’s Obligation Regarding Supplemental Benefits Outside of the Applicable Limits of Liability, discusses the New York Court of Appeals decision in Global Reinsurance Corp. of America v. Century Indemnity Co., in which the court observed that its 2004 decision in Excess Insurance Co. v. Factory Mutual Insurance Co. did not hold that third-party defense costs under any facultative reinsurance contract are unambiguously or presumptively capped by the liability limits.
  • Revised Section 6:8.4, Subpoenas, in the book’s chapter on arbitration, explains that in CVS Health Corp. v. Vividus, the Ninth Circuit found that a “plain reading of the text of Section 7 [of the Federal Arbitration Act] reveals that an arbitrator’s power to compel the production of documents is limited to production at an arbitration hearing.”

In addition, the Table of Authorities has been updated to reflect the revisions found in Release #13.

This essential treatise is available on PLI PLUS. If you would like to purchase a print copy, please contact libraryrelations@pli.edu.