Day Pitney remains committed to providing quality legal counsel, while protecting our clients and employees, and transforming our communities into more just, equal and equitable spaces. For more information, please visit our COVID-19 Resource Center | Racial Justice and Equity Task Force.
Bill Goddard wrote an article, "Connecticut Offers More Options for Insurers Exiting Lines of Business," for Business Insurance. The article discusses the new Connecticut law which allows domestic insurers to divide into two or more insurers. Public Act 17-2, An Act Authorizing Domestic Insurers to Divide, establishes an entirely new procedure, effectively a demerger, which creates multiple distinct legal successors to the originating insurer. Goddard writes, "The act is modeled after similar statutes in Pennsylvania and Arizona. However, statutes in the other states apply to general corporate matters, whereas the new Connecticut law is dedicated to insurance." When these transactions are proposed, it will be up to the courts to weigh-in if there are objectors, Goddard adds. "But for now, a powerful new tool for corporate efficiency may be added to the insurance tool kit."
Day Pitney Advisory
Litigation partner James H. Rotondo and Insurance associate Jason E. Rusche authored the article, "The Litigation Privilege: Immunity for False Pleadings and Discovery Responses?" for the Connecticut Law Tribune.
On June 8, Day Pitney Counsel Elizabeth P. Retersdorf will present at “COVID-19 Litigation: Past, Present and Future,” hosted by the Mutual Service Office.
Day Pitney Alert
On March 24, Insurance and Reinsurance Partner Jonathan Zelig was elected President of the Massachusetts Insurance and Reinsurance Bar Association.
On April 8, the firm obtained an appellate victory on behalf of The Hartford.
Day Pitney Press Release
Day Pitney secured a significant victory for those Certain Underwriters at Lloyd's of London ("Lloyd's") who participated as reinsurers on a number of excess-of-loss reinsurance contracts.
Day Pitney Press Release
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