Hunton Andrews Kurth LLP partner Syed Ahmad was quoted on July 20 in a Law360 article titled “R&W Insurance Claim Frequency Expected To Normalize.” The article discussed the recent reduction in R&W claims and industry experts’ expectations that claim frequency will return to normal levels this year. Mr. Ahmad commented on the challenges
Representations and Warranties
Representation and Warranty Insurance and the Collateral Source Rule
After any merger or acquisition, disputes can arise regarding the accuracy of representations and warranties made by the seller to the buyer. In most transactions today, the buyer obtains representation and warranty insurance to cover the buyer for losses resulting from the seller’s breach of a representation or warranty. When an R&W policy provides coverage, a seller may attempt to offset its obligations to the buyer by amounts paid by the R&W insurer. Likewise, the R&W insurer may attempt offset against the damages paid by the seller to the buyer. But other legal and equitable concepts may prevent them from doing so.
In an article recently published by the Insurance Coverage Law Center, my colleagues Syed Ahmad, Patrick McDermott, and Adriana Perez explore whether such offsets are available to sellers and R&W insurers.
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In the Public Eye: Hunton Insurance Recovery Group Presentations in February 2020
The members of Hunton’s Insurance Recovery group present regularly on today’s hot topic insurance coverage issues. Upcoming insurance presentations for February 2020 include:
- Lorelie S. Masters will be moderating an ABA Section of Litigation webinar on “The Haze: Key Legal Issues For Cannabis Businesses” on February 6, 2020. This webinar was organized by
Hunton Insurance Recovery Team Highlights Top D&O Coverage Issues to Consider for M&A Deals
In a recent article in the ABA Business Law Section publication Business Law Today, Hunton insurance recovery lawyers Syed Ahmad and Geoffrey Fehling discuss several important D&O insurance coverage issues to consider in M&A transactions. In the article, the authors discuss the intersection of M&A and insurance and how mergers, acquisitions, and other deals…