The trial of virtually every personal injury or wrongful death case involves the use of one or more photographs. The recent decision in Zerega Ave. Realty Corp. v. Hornbeck Offshore Transp., LLC, __ F.3d __ (2d Cir. July 6, 2009) (No. 08-0639-CV) reminds us that the failure to lay a…
I have released three prior posts on the financial condition of State Volunteer Mutual Insurance Company – click here to read them: Part 1, Part 2, Part 3. The bottom line is that conservative financial management at SVMIC has permitted the company to accumulate a quarter of a billion dollars…
Penny White, Joe Riley and I are on the road again this Fall for the 2009 Justice Programs seminars. This two-day, 15-hour is designed for Tennessee lawyers who do civil litigation. We will be in Nashville November 19 and 20, Chattanooga on December 3 and 4, Memphis on December 10 and…
The agent who sells us our professional liability insurance coverage sent me this last Wednesday: On August 1, 2009, new federal regulations enforced by the FTC will go into effect; the so-called Red Flag rules, which require businesses, including lawyers and law firms, to take pro-active measures to detect and…
Last Friday a Memphis jury awarded almost $24M to a woman and her husband in a civil suit arising out of what the jury found to be medical negligence arising from the failure to promptly diagnose breast cancer. The woman is in the last weeks of her shortened life. It…
The American Conservative Union, the nation’s oldest conservative lobbying organization, has firmly held core beliefs. Those core beliefs are apparently for sale to the highest bidder, even if the highest bidder is on the opposite side of the issue than the other potential bidder. Credibility free-fall.
This is the third post about State Volunteer Mutual Insurance Company’s 2008 financial results. Click on the links to see Part 1 and Part 2. New malpractice claims asserted against SVMIC insureds dropped 2.5% in 2008. The company reports that 83% of all cases were resolved in favor of it’s policyholders…
Our last post discussed State Volunteer Mutual Insurance Company’s $251,321,000 policyholder surplus. This post will discuss other aspects of the company’s finances. As of December 31, 2008, SVMIC had total assets of $1,324,500,000 assets. (That’s $1.3 Billion). The vast majority of those assets are in government (federal, state and local) and corporate bonds,…
The Acrobat for Legal Professionals blog has a great post called "Add Dynamic Exhibit Stamps in Acrobat using a free stamp set." The electronic exhibit stamp has both a static graphic element and a changing numeric or alphabetic element and permits you to electronically stamp documents with exhibit numbers or…
SVMIC continues to enjoy wonderful profitability, even as the number of physicians it insures declines. SVMIC – State Volunteer Mutual Insurance Company – is a physician-owned insurance company that was created over 30 years ago. It has grown from a company with paid-in capital of $7,500,000 to a entity with…