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McKennon Law Group PC founding partner Robert J. McKennon will speak on an MCLE panel for the Orange County Bar Association Insurance Law Section on August 27, 2014 discussing “Recent Developments and Interesting Issues in Life Insurance Law.” Mr. McKennon, an attorney who currently represents insurance claimants after over two decades representing insurers, and Laura K. Kim, an attorney who currently represents insurance companies, agents and brokers in insurance litigation will provide information to help litigators assess the issues associated with life insurance litigation to ensure that counsel for both parties are able to properly represent their clients. The MCLE event is scheduled to take place at the OCBA headquarters from 12:00 PM – 1:30 PM and registered attendees will receive 1.0 hour of MCLE credits
The Number of Disabled Employees Increase as More Employers Drop Long-Term Disability Coverage
A disturbing trend that has developed across the country in recent years is that, while the number of workers/employees suffering from long-term illnesses or injuries has increased, the number of employers who provide long-term disability insurance has dropped dramatically. As of May 2014, the total number of Social Security disability beneficiaries in the United States hit an all-time high of about 11 million beneficiaries. However, fewer employees are covered with long term disability coverage. The number of U.S. workers with long-term disability coverage decreased 6% from 2009-2013. Below are just a few of the worrying statistics. From 2009-2013 nationwide:
- The number of employers offering long-term disability coverage decreased from 220,000 to 213,000;
- The number of employees who have long-term disability coverage decreased from 34 million to 32.1 million (6% decline); but,
- The number of employees in the U.S. workforce has increased by 6.6 million.
More and more employers are opting to drop their standard disability insurance plans for optional employee-paid plans. Additionally, more companies are implementing “defined benefit plans,” which allocate a certain amount of funds for each worker to use for all insurance coverage. This often has the effect of forcing workers to forgo some types of coverage, such as long-term disability insurance, because the funds provided are not sufficient to cover all types of insurance.
All of this leaves employees highly exposed to serious financial difficulties if they suffer a disability that renders them unable to work for six months or more. Indeed, studies have found that more than one in four 20-year-olds will become disabled at some point before they retire. As such, it is not only important for employees to obtain disability insurance, but also to ensure that any claims made for disability coverage under those policies are properly handled and paid by the insurer. If you suspect that your claim for disability coverage has been improperly denied, our attorneys can offer you a free and confidential consultation.
The information and statistics above come from Anderson, J. Craig. “Employers Dropping Long-Term Disability Insurance.” 17 July, 2014. Web. 5 Aug. 2014. The article can be found at http://www.pressherald.com/2014/07/17/employers-dropping-long-term-disability-coverage/
Robert J. McKennon Named “2014 Top Attorney” By the Orange County Register’s OC Metro Magazine
McKennon Law Group PC founding partner Robert J. McKennon was named as a 2014 “Top Attorney” by the Orange County Register’s OC Metro Magazine. This prestigious list identifies the top attorneys practicing in Orange County, California. Mr. McKennon was recognized for his work handling insurance coverage claims and litigation.
About Directors and Officers Liability Insurance
Directors and officers liability insurance, also called D&O, covers a company’s former and current directors and officers, as well as the corporate entity, against defense fees, costs, and damages in connection with a lawsuit alleging that they committed certain wrongful acts or omissions while acting as directors and officers for the company.
Directors and officers liability insurance is liability insurance payable to the directors and officers of a company, or the company itself, as reimbursement for losses related to defense costs as a result of loss related to the legal action taken alleging the insured committed wrongful acts in their capacity as directors and officers.
D&O insurance policies may cover defense fees and costs in connection with criminal and regulatory investigations and lawsuits. D&O insurance claims potentially cover claims made by individual and company shareholders in customers, regulators, shareholder-derivative actions, and competitors.
D&O policy forms often increase legal fees and costs necessary to resolve disputes between those insured and their D&O insurers since they vary from insurer to insurer and industry to industry.
We are well suited to litigate your D&O insurance claims.We are nationally recognized experts in insurance bad faith law and litigation, and also have experience litigating D&O insurance claims. We will aggressively litigate your case to achieve success. Contact us today to learn how our Los Angeles and Orange County Attorneys can help you with your D&O insurance claims.
Los Angeles Business Litigation Lawyers
McKennon Law Group PC specializes in litigating and resolving all types of business disputes. Our aggressive advocacy and our regional reputation as a leading business litigation firm, enables us to achieve maximum settlements and judgments/verdicts at trial. We have over 25 years of experience litigating business disputes. Our firm handles all types of complex corporate, commercial, and business litigation, including:
- Breach of contract or license agreements
- Breach of implied or express warranties
- Breach of oral agreements
- Fraud and misrepresentation claims
- Unfair competition claims and trade secrets
- Tortious interference cases
- Intellectual property infringement
- Breach of fiduciary duty
- Insurance coverage and bad faith litigation relating to business disputes
Sone of our consumer and business litigation cases are taken on a contingency fee basis. You pay nothing and we recover nothing unless we win your case.
There are no other attorneys in California better suited to litigate your business disputes. McKennon Law Group PC’s founding partner, Robert J. McKennon was named in the Business Edition 2012 Thomson Reuters/Super Lawyers annual list of the nation’s top attorneys in business practice areas. We will aggressively litigate your case to achieve maximum success.
Robert J. McKennon, Published an Article in the Los Angeles Daily Journal
McKennon Law Group PC’s founding partner, Robert J. McKennon, published an article entitled “Clear win for insureds, though scope uncertain” in the Los Angeles Daily Journal on August. 7, 2013, discussing the very important and highly anticipated California Supreme Court ruling in Zhang v. Superior Court of San Bernardino, 2013 DJDAR 10174 (August. 1, 2013). This decision allowed new theories of liability under California’s Unfair Competition Law against insurance companies who improperly deny insurance claims.
