Comprehensive advice for a complex industry
Regulation, Reinsurance & Insolvency
Insurance is famously complicated and even professionals who work in the industry can get caught by the many legal and regulatory issues that govern it. Our multidisciplinary team of attorneys and consultants understands the highly competitive and complex nature of the industry—and we have a firm grasp on the state insurance regulatory system.
We counsel clients on statutory and regulatory issues, new initiatives and insurance law problems. We advise clients on state insurance laws and administrative practices and procedures as they exist nationally for all lines of insurance. We also deal extensively with regulators, liquidators and companies with interests in the reinsurance field, and we advise troubled insurance companies, creditors and reinsurers.
We're ready at all times to litigate when necessary; we've represented clients before administrative agencies and in state and federal courts throughout the nation.
Whatever it is, we've got it covered.
Our practice handles legal and regulatory matters that can come up in the insurance industry, including:
- Mergers and acquisitions
- Formation and corporate governance of insurance companies, Blue Cross/Blue Shield Plans, HMOs and PPOs
- Insurance holding company transactions and filings
- Capital adequacy and business plan development
- Insurer insolvency proceedings
- Reinsurance issues and transactions
- Self-insurance, captives, risk retention groups and purchasing groups
- Insurance regulatory filings
- Administrative hearings
- Policy interpretation and coverage analysis
- Dispute resolution (litigation and arbitration)
- Expert-witness engagements
Insurance Coverage
Buchanan Ingersoll & Rooney is one of Pennsylvania's leading law firms on insurance coverage issues. Our attorneys have helped to resolve contractual concerns of insurers and excess insurers and their potential exposure from dramatic and catastrophic losses. Excess insurance and reinsurance account for an increasing percentage of comprehensive risk management because of greater exposure in toxic tort claims, long-term latent liability exposure for the coal mining industry, natural disasters such as hurricanes, products liability (particularly for pharmaceutical companies) and professional liability for attorneys, accountants, directors and officers.
Our attorneys are actively involved in the insurance industry, which is why we're so well suited to advise risk managers, claims professionals and insureds with increasing self-insured retention limits. We've handled coverage matters in the following areas:
- Director and officer liability insurance
- Owner-controlled insurance programs (OCIP) on large construction projects
- Fine art, including valuations and appraisals
- Errors and omissions liability insurance
- Excess insurance coverage disputes at the primary and excess level
- Bad-faith claims
- Class actions involving consumer-related claims
- Insurance coverage disputes involving insolvent insurers
- Insurance coverage disputes for a wide range of insurance policies
- Insurance coverage opinion letters
- Interpretation of excess policies
- Intellectual property coverage issues
- Securities coverage issues
- Business loss and interruption claims
- Advertising injury claims
- Broker/agent issues
- Fidelity and surety
Our Clients
We've helped clients from every sector meet their unique regulatory and business challenges, from HMOs and PPOs to nonprofit health plan corporations, insurance companies, risk retention groups and captive insurance companies. Many other individuals and entities also deal with insurers and need our help, including:
- Insurance rating organizations
- Financial institutions
- Risk purchasing groups
- Third-party administrators
- Producers
- Long-term care facilities
- Regulators
- Private and public companies (insureds)
- Professionals (physicians, lawyers, engineers, etc.)
- Hospitals and health systems