The Perils of Product Liability Insurance When Mass Litigation Strikes

Based on a report yesterday from the Cook County Register, a settlement has apparently been reached between Abbvie and plaintiffs in the testosterone replacement therapy drug cases.  Currently there are 25,000 cases pending and this settlement could bring to a close the latest chapter in life science mass product litigation.  What has most likely prompted … Continue reading The Perils of Product Liability Insurance When Mass Litigation Strikes

Possible Opioid Settlement and the Role of Product Liability Insurance

The recent headline, “Opioid Lawsuits Look More Like A Tobacco Settlement Every Day” in Forbes grabbed my attention for reasons I will explain.  As you know, I help life science companies develop and implement insurance programs that enables them to transfer risk to the insurance company.  So when you see a headline that reads like … Continue reading Possible Opioid Settlement and the Role of Product Liability Insurance

How Changing the Reporting Period for Public Companies to Semiannual Could Impact the D&O Market

Last week the issue of public companies having to do quarterly reports popped up in the news in a big way with the President tweeting and then speaking on the possibility of ending quarterly reporting.  There are a lot of opinions out there on whether this is a good idea or bad idea.  Some people … Continue reading How Changing the Reporting Period for Public Companies to Semiannual Could Impact the D&O Market

Not Sure The IRS Agrees With a Tax Position Your Company Has Taken? Here is a Solution

I recently read that Illinois Tool Works (ITW) prevailed in a case against the IRS.  The IRS challenged that a loan from ITW’s foreign subsidiary to its parent company was a nontaxable return of capital as ITW contended.  The IRS dtermined that it was not a loan but a dividend and as a result a … Continue reading Not Sure The IRS Agrees With a Tax Position Your Company Has Taken? Here is a Solution

Your Insurance Broker Has No Incentive to Retain You as a Client!!!!

Skin in the game – that means your insurance broker actually having a vested interest in your success and the level of service you receive year in and year out.  Skin in the game does not mean your broker having a greater financial interest in year one compared to subsequent years yet that is how … Continue reading Your Insurance Broker Has No Incentive to Retain You as a Client!!!!

Why Securities Class Filings are a Reality for Publicly Traded Companies

Cornerstone Research always puts out great data and this report on Securities Class Action Filings for the first half of 2018 is no exception.  I recommend you check out the full report which you can find here. These visuals really speak for themselves but the big takeaway is that if you are publicly traded company … Continue reading Why Securities Class Filings are a Reality for Publicly Traded Companies

Monday Morning Healthcare News

It's a new week and this is what I'm reading to get going: While Tech Waffles On Going Public, Biotech IPOs Boom (Crunchbase) Smart Bandage Can Dispense Drugs, While Keeping An Eye On Your Wound (FORBES) Tendyne investors sue Abbott over $50m milestone (MassDevice). In case you missed, my thoughts on how a company can … Continue reading Monday Morning Healthcare News