Overview
Faegre Drinker counsels life insurance carriers on all aspects of insurance regulation, high-stakes litigation, and M&A and other transactional matters. Top-rated and nationally recognized, our attorneys understand how the insurance industry works and design legal strategies accordingly. We litigate on behalf of clients, large and small, in single-plaintiff suits, bad faith actions and class actions throughout the country while carefully monitoring litigation threats and emerging trends. We also advise on matters involving product performance and administration, complex claims, reinsurance, bad faith and extra-contractual liability, improper sales practices and consumer protection statute violations, among others. Deeply familiar with applicable, often conflicting federal and state regulations, we analyze policy provisions and form filings, help formulate responses to information requests from regulators, and otherwise counsel life insurers on identifying and adopting best practices for regulatory compliance.
Life insurers rely on our depth of ERISA experience and engage us regularly to litigate claims arising under disability policies. We have also defended and successfully resolved dozens of producer disputes, suitability claims, agent defalcation claims and customer arbitrations. Our participation in the American Council of Life Insurers, the National Association of Insurance Commissioners and other trade groups, helps us track the latest litigation threats and the emerging trends that affect our life insurer clients.