The lawyers of Pierce Atwood’s Insurance Practice Group understand the many dimensions of the insurance industry, the different concerns of market participants, and the legal, regulatory and tax issues that confront insurers. Engaged in a highly diverse insurance law practice, we draw from a cross-section of practice groups to serve our insurance industry clients, including Business, Litigation, Privacy & Data Security, Tax, Construction, Energy, Employment, Environmental, Maritime, and Government Relations. These lawyers practice in specialties including insurance regulation, litigation, employment law, employee benefits, tax, and corporate law, which play important roles in advancing the interests of our insurance clients. In addition, the practice group is supported by several corporate and litigation paralegals.
Over many decades, our Insurance Practice Group attorneys have developed special expertise and in-depth knowledge in virtually all areas that affect insurance companies, insurance agencies and self-insurance groups and programs, including their formation, corporate structuring, mergers and reorganizations, state insurance regulation, market conduct, and policy coverage issues. We have advised insurers on a host of internal, structural, and operational matters, including bulk reinsurance transactions, extraordinary dividends, mutual policyholder dividend plans, federal income tax issues, policyholder/shareholder governance matters, permitted business activities, TPA contracts, and contracts with insurance-specific vendors and service providers. Our experience includes workers' compensation, property & casualty (P&C), life & health, surety, and disability insurance.
With respect to mutual insurers, attorneys in our Insurance Practice Group have extensive, hands-on experience on issues relating to formation, demutualizations, mergers and acquisitions, liquidations, dividend practices, federal taxation and ongoing operational matters – issues that affect both the companies and their policyholders.
In addition to our corporate expertise, our attorneys team with our insurance clients on regulatory matters, including representation at state insurance departments and lobbying for insurance-related legislation.
When other solutions don't get the results our insurance companies desire, we can call on the litigators in our group, who have decades of experience in insurance-related lawsuits. Whether it is a corporate fight for control of the company, or defending a class action for extra contractual remedies, including punitive damages, we deliver tough advocacy for our clients. When an insurer's regular defense counsel runs into trouble, Pierce Atwood attorneys have extensive experience in handling insurance issues on appeal. For example, our firm successfully overturned one of the largest jury verdicts in Maine history in a bad faith disability insurance case. We have an extensive library of coverage opinions and, in addition to coverage advice, have tested those opinions for many years in coverage litigation in the state and federal courts.