Progressive Legislation, Judicial Decisions and Bad Faith in New York

Channel:

Pillinger Miller Tarallo, LLP - PMT Law Firm

Subscribers:

14

Published on November 24, 2021 9:56:45 PM ● Video Link: https://www.youtube.com/watch?v=lvnVzh68y5c

Game:

Bad Faith (2022)

Duration: 1:27:33

125 views

3

------------------------------------ PMT Video Chapters ------------------------------------
00:00 - Introduction of Panelist
06:58 - Progressive legislation and judicial decisions in New York
08:36 - Proposed Bad Faith Legislation
11:14 - Effect of Bad Faith Legislation on Insurance Availability
14:38 - Current Bad Faith Law/Current Standard
31:13 - Effect of Bad Faith Legislation on Damages Awards
42:11 - Will Recent Record Damage Awards Become the New Normal for New York?
54:53 - What Effect Do Absolute Liability and New York’s Labor Law Have on Construction and Insurance
01:08:43 - Do Insurance Companies Consider a State’s Tort Claim Climate When Deciding Whether to Do Business There?
01:19:50 - Hard or Soft Market?
01:25:01 - Thank You Everyone

-------------------------------- PMT Webinar Description --------------------------------
Pillinger Miller Tarallo LLP and St. John’s Tobin Center for Executive Education, its Maurice R. Greenberg School of Risk Management, Insurance and Actuarial Science (GSRM) proudly presents "Killing the Goose that Lays the Golden Eggs: Will progressive legislation and judicial decisions do what natural disasters couldn’t do in New York?"

In this webinar, we examine whether proposed legislation and recent judicial decisions will cause insurers to restrict the availability of insurance in New York. Can insurance companies survive and thrive in New York? New York is the financial and commercial capital of the United States. As a leading insurance hub, the rest of the country closely follows its lead.

Our panel consists of PMT partners, industry leaders, and Greenberg School of Risk Management professors who will look at the future of insurance in New York.

Webinar Panelists:
- Moderator – Thomas M. Bona, Partner – Pillinger Miller Tarallo, LLP
- Marc H. Pillinger, Executive Partner – Pillinger Miller Tarallo, LLP
- Jeffrey T. Miller, Executive Partner – Pillinger Miller Tarallo, LLP
- Neil L. Sambursky, Partner – Pillinger Miller Tarallo, LLP
- Jeffrey D. Schulman, Partner – Pillinger Miller Tarallo, LLP
- Mark J. Browne, Ph.D., Faculty Chair of the School of Risk Management in the Tobin College of Business at St. John’s University
- Douglas C. Millner, CRIS, Assistant Vice President – Claim Account Manager North America Construction – AXA XL, a division of AXA
- Jack Jennings, Adjunct Professor – Maurice R. Greenberg School of Risk Management

We discuss:
- Effect of bad faith legislation on insurance availability
- Effect of bad faith legislation on damages awards
- Will recent record damage awards become the new normal for New York?
- Do insurance companies consider a state’s tort claim climate when deciding whether to do business there?
- What effect do absolute liability and New York’s labor law have on construction and insurance
- What can the new Governor do to encourage and restore trust for insurance companies doing business in New York?
- Is New York still an influential insurance state?
- Given the current make-up of the New York legislature, is there any hope legislation can be passed to soften or mitigate New York’s Labor Law?

For more information on Pillinger Miller Tarallo, LLP visit us at www.pmtlawfirm.com or follow us on LinkedIn at www.linkedin.com/company/pillinger-miller-tarallo-llp/ or on twitter www.twitter.com/PMT_Law or Facebook at www.facebook.com/PMTPillingerMillerTaralloLLP/

Other Statistics