DRM News

In a recent Vermont law update published in the Summer 2011 issue of the Tri-State Defense Lawyers Association Newsletter, Walter Judge delves into Northern Security Ins. Co. v. Pratt, a case in which “Judge Crawford plows entirely new ground on many insurance coverage and practice issues not previously addressed by the Vermont Supreme Court.” Two particularly significant decisions of first impression in Pratt are: a) an insured does not necessarily forfeit coverage by refusing to sign a non-waiver agreement; and b) the insurer, and not the insured, has the right to select defense counsel for the insured when the insurer offers the insured a defense under a reservation of rights.

Webinar

Comprehensive general liability insurance policies purchased years ago and/or third-party policies may provide coverage not only for liability exposure resulting from intellectual property infringement claims, but also for defense costs.

In an increasingly complex commercial world, exposure to intellectual property infringement claims and the costs of defending them are common problems. The outcome of a dispute over intellectual property rights can make or break a business, particularly when the business is a start-up or technology-driven. Businesses facing such claims devote significant resources – valuable time as well as money – to defend themselves. Given the increasing prominence and complexity of such claims, it is critical to know how to manage costs and minimize exposure effectively.

PowerPoint Presentation

Director Bruce Palmer co-presented on the topic of best practices for writing effective policies and handling claims for captives and RRGs for the Vermont Captive Insurance Association.