New York, NY, January 18, 2017 --(PR.com
)-- About Neil S. Lerner
Neil S. Lerner is a Southern California "Super Lawyer" (2012-2017) who practices maritime and transportation law. He represents insurers in first and third party cases. He is a Partner in Cox Wootton Lerner Griffin & Hansen, LLP, which is a regional law firm, with offices in San Francisco, Los Angeles and Honolulu, serving the Western United States and the Pacific Rim, specializing in maritime and transportation law. He has spoken frequently on rescission as a remedy for insurers to use to combat fraud and has tried several rescission cases to verdict and obtained summary judgment on numerous other ones. He represented Cigna in the landmark Rex DeGeorge rescission case, which federal judge Letts called "the single most incredible story I’ve ever heard from the stand." His book about it, "An Act of Piracy," is under a NY publishing contract. His reported marine insurance rescission cases can be seen at www.transportationlaw.com.
About Cox Wootton Lerner Griffin & Hansen LLP
Cox, Wootton, Lerner, Griffin & Hansen, LLP is a regional law firm, serving the Western United States and the Pacific Rim, specializing in maritime and transportation law. It has offices in Los Angeles, San Francisco and Honolulu.
Rescission is the retroactive cancellation of an insurance policy. Insurance providers can unilaterally rescind or cancel a policy holder’s coverage by citing omissions, misrepresentations, or errors in the latter’s policy application. If used properly, rescission can save and protect an insurer against unwarranted claims, unjust liability, and fraudulent statements in its clients’ applications. However, its use and scope is authorized by statutes in most states. While rescission is just and fair in many cases, more and more insurance companies are now bending some rules in an attempt to avoid liability for large claims.
In this light, a panel of practitioners and key thought leaders in the insurance industry will provide an in-depth discussion of the latest issues involving Insurance Policy Rescission and Claims Misrepresentation. Speakers will also offer extensive insights on its legal framework as well as the best practices policyholders can implement to minimize potential risks.
Rescission – Overview
Legal Framework of Policy Rescission
Investigating Claims Misrepresentation
Materiality of the Misrepresentation
Prior Knowledge Exclusions
How Policy Rescission Works
What Triggers a Rescission
Waiver of Rights to Rescind
Differences between rescission and voiding a policy
Litigation Strategies for Rescission actions
Responding to Bad Faith Counterclaim
Best Practices to Minimize Potential Risks
Up-to-the-Minute Regulatory Updates
About The Knowledge Group/The Knowledge Congress Live Webcast Series
The Knowledge Group was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register for an event, please visit: http://theknowledgegroup.org/