David Seno

John Lowell, partner at consulting firm October Three Consulting, says high interest rates have improved the funded status of many defined benefit pension plans (DB), thus putting employers in a better position to conduct a PRT. Some companies also have plans that have been frozen for a long time and are now well enough funded for plan sponsors to terminate. When interest rates are high, Lowell says it is a good time to terminate a plan, as well. At the same time, Lowell says PBGC premiums - that employers have to pay on every pension within their plan - have been increasing relative to plan assets, particularly for small and medium-sized companies, therefore making it more expensive for sponsors to manage DB plans. https://lnkd.in/ekE5SMiB #retiree #belltel #pension #consulting

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Navigating product liability cases in Petoskey, Michigan, requires a thorough understanding of the legal framework that governs such matters. Here's a breakdown of the key statutes and considerations: MCL 600.2945: This statute lays out the foundational definitions pertinent to product liability cases, including what qualifies as a "product" and the threshold for establishing "gross negligence." Understanding these definitions is crucial for framing legal arguments and assessing liability. MCL 600.2946: This statute delineates the types of evidence that are admissible in product liability actions. Knowing what evidence is permissible can significantly impact the strength of a case and its likelihood of success. MCL 600.2946a: This statute sets forth the limitations on damages that can be awarded in product liability cases. Understanding these limitations is essential for managing client expectations and formulating litigation strategies. MCL 600.2947: This statute outlines the scope of liability for manufacturers or sellers in product liability actions. It clarifies the responsibilities of parties involved in the production and distribution chain and serves as a reference point for assessing liability. While Michigan's product liability laws primarily operate at the state level, they may intersect with federal regulations, especially concerning products subject to federal oversight. Compliance with federal standards, enforced by agencies like the CPSC, is critical to mitigating liability and ensuring consumer safety. Given the nuanced legal landscape surrounding product liability in Petoskey, consulting with a knowledgeable attorney is paramount. An attorney well-versed in local laws and practices can provide invaluable guidance tailored to the specific circumstances of each case. Whether navigating state statutes or federal regulations, legal expertise is essential for achieving favorable outcomes in product liability litigation. #PetoskeyLaw #ProductLiability #LegalFramework #MichiganLawsuit 🏛️⚖️

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At CMV Law, we guide physicians through the entire life cycle of medical malpractice claims, offering strategic counsel from claim prevention to successful defense post-settlement or judgment. Our proficiency extends to navigating inquiries from the Illinois Department of Financial and Professional Regulation. Choose CMV Law for comprehensive support and exceptional defense, guaranteeing your legal rights and professional reputation are thoroughly protected at every stage. Reach out to us today to ensure your practice is safeguarded by the best: http://www.cmvlaw.com #MedicalMalpracticeDefense #LitigationLaw #HealthcareLitigation #MedicalLawsuitDefense #HealthcareProviderDefense #PhysicianDefense #MalpracticeLegalAdvice #CMVLawIllinois #IllinoisLaw

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"The planning landscape surrounding buy-sell agreements and company owned life insurance should soon be clarified by SCOTUS. Until then, practitioners are wise to proceed with caution in advising clients in structuring buy-sell agreements, especially those with company owned life insurance policies involved." Click here to read more: https://lnkd.in/gX52F2w4 #LDMlaw

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Learn why RWI adds time and complexity to post-closing M&A claims in the SRS Acquiom report here: https://lnkd.in/gy-2VDhH #RWI #insurance #MergersandAcquisitions

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https://lnkd.in/g8vqurWJ In this article by AKC Law Litigator, Ashley Fischer, learn what you can do if you are having issues with your insurance provider. #akclaw #insuranceclaims #litigation

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Our Spring 2024 Northwest Insurance Law newsletter features insights from our knowledgeable team on recent cases impacting the industry. Read it here: https://bit.ly/3QvkZLh

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Insurers often file lawsuits against their insureds seeking a declaration that they have no duty to defend or indemnify the insured in an underlying lawsuit, putting tremendous pressure on insureds to fight back against these suits. In their Today's General Counsel article, Counsel Tae Andrews and Managing Partner Jeffrey L. Schulman explain that courts are not required to entertain these lawsuits, and discuss ways insureds can successfully stay or dismiss them. Read the article: https://lnkd.in/gU3a4tf7 #insidecounsel #generalcounsel #dutytodefend #insurancecoverage #insurancelaw #insurancerecovery #insurancelawsuit #declaratoryjudgment #commercialpolicyholder 

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Modern-day farming equipment is both essential and very expensive. In a recent article, Winston-Salem of counsel Jeff Wald highlights key points in two recent cases, Secura Insurance Co. v. Deere & Co. and First v. Rolling Plains Implement Co., that underscore the importance of product liability and warranty law for these costly machines—and those who invest in them. Learn more: https://lnkd.in/ekrjcu7i

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Businesses may consider bond insurance for protection, and in many cases, may be required to purchase this coverage. In an interview with Fortune, Partner Otto Larson explained the industries and types of businesses that commonly need surety bonds. ➡ Read more: https://lnkd.in/g_9S7jyA #suretybond #suretybonds #bondinsurance #contractor #construction #generalcontractor

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A typical commercial general liability (CGL) policy includes common exclusions. As such, it's imperative for organizations to be aware of these exclusions and address any coverage gaps. This article provides an overview of the most common CGL policy exclusions under coverage A and B. https://bit.ly/44Dznah

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What do a bad divorce and a litigated claim have in common? According to Rick Lindsey, Prime Insurance Co. chairman, president and CEO, an uncooperative couple and insurers in litigation both “give all of their money to the lawyers.” Read more: https://bit.ly/4b1b2NU #insurers #litigation #claims

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