Find Lawyers in Portland, Maine for Insurance Law
In 1978, Jim became a founding partner of what was then Hunt Thompson & Bowie. His current practice with Thompson Bowie & Hatch LLC focuses on commercial litigation, insurance counseling services and professional liability. His exceptional reputation in the legal community is built, in part, on his successful involvement in cases which have helped shape Maine law. Not only is he a veteran of countless jury trials in both state and federal court, as well as non-jury trials, arbitration...
JAMES B. HADDOW was born in Quincy, Massachusetts on June 25, 1959. He is admitted to practice in Maine, the United States District Court for the District of Maine, the United States Court of Federal Claims, the United States Court of Appeals for the Federal Circuit, United States Court of Appeals for the First Circuit, and the United States Supreme Court. He is the author of The Evolution of the Maine Law of Attachment on Ordinary and Trustee Process, 7 Me. Bar Journal 2 (1992), and Legal Is...
Rob joined Thompson & Bowie, LLP as an associate in 2001 and became a partner in January 2006. Prior to joining Thompson & Bowie, LLP, Rob completed a judicial clerkship with Donald G. Alexander, Associate Justice of the Maine Supreme Judicial Court. Since joining the firm, Rob has been engaged in all aspects of civil litigation in both state and federal court, with a particular focus on professional liability and municipal liability defense, insurance coverage disputes, construction ...
Neal Pratt is widely-regarded as a “go to” trial attorney for high-stakes litigation. With an extraordinary record of success over 30 years, Neal has unique experience handling “bet-the-company” litigation and other thorny legal disputes. He is renowned for his strategic planning skills and meticulous preparation, and often succeeds in achieving client goals without the need for protracted litigation. When a trial is necessary, however, Neal’s extensive track rec...
Insurance Law Definition
Insurance policies sold to corporate policyholders protect against a wide variety of risks, including liability or loss resulting from: (i) allegedly defective products (including medical devices and pharmaceuticals), (ii) data breaches and other internet-related claims, (iii) mass torts, including exposure to harmful substances such as asbestos and silica, (iv) property damage and business interruption, (v) man-made and natural disasters, (vi) securities and business torts (often involving shareholder class actions and/or SEC investigations and enforcement actions), (vii) environmental damage, (viii) employment claims (including worker’s compensation and discrimination claims), (ix) professional liability, and (x) and crime/fraud. The major types of insurance policies purchased by corporate policyholders include general liability policies, directors and officers liability policies, fiduciary liability policies, employment practices liability policies, errors and omissions and professional liability policies, first-party property and business interruption policies, marine insurance, crime/fraud policies, workers compensation policies, environmental impairment policies, and a wide variety of specialty products (e.g., media policies, satellite launch and in-orbit insurance, product recall policies, cargo policies, product tampering policies, event cancellation coverage). Major markets for buying and selling insurance include the United States, London, Bermuda, and Europe.
Insurance programs sold to and purchased by corporate policyholders typically include several layers of insurance, with a primary insurance policy that often sits above a deductible (or self-insured retention) and with multiple layers of excess policies sitting above the primary policy. Large claims can often implicate coverage under dozens of policies sometimes spanning years or decades. In contrast, individual policyholders typically purchase life insurance, health insurance, disability and/or long-term care insurance, homeowners or renters insurance, automobile insurance, and sometimes specialty insurance, such as coverage for jewelry or works of art, travel insurance, etc.
Law firms provide clients with insurance coverage counseling and advice on a wide array of issues, ranging from assessments of coverage for particular losses and representation in coverage disputes to providing help with assembling a coverage portfolio and formulating favorable policy language when insurance is being purchased or renewed. Firms also advise clients regarding the insurance assets being transferred in corporate transactions, with tax planning in connection with insurance payments or recoveries, and with alternative underwriting programs, such as captive insurance entities.
Policyholders and insurers dealing with significant losses often call on outside coverage counsel for advice and assistance in pursuing coverage or responding to claims for coverage, as the case may be. In the event of a dispute over coverage for a particular claim, the insurer and insured may resort to litigation, arbitration, or mediation to resolve their differences. If the parties proceed to litigation, the case may proceed in either federal or state court, even though the substantive insurance law issues are decided as a matter of state law. Some insurance policies require the parties to resolve coverage disputes through either domestic or international arbitration. In recent years, an increasing number of large disputes have been resolved through international arbitration, often in London or Bermuda. In many cases, experienced coverage counsel can facilitate resolution of a coverage dispute without having to resort to the courts (or to arbitration). In other cases, settlement negotiations proceed on a parallel track while the litigation (or arbitration) moves forward.
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