Insurance is one of the most complex, heavily regulated and litigation-intensive industries in the world. The industry's extensive and ever-changing regulation requires sophisticated legal advice on contentious and non-contentious matters. That puts the sector right in the Paul, Weiss sweet spot. For decades, we've been the counsel of choice for leading insurance and reinsurance companies in their most high-profile, franchise-threatening cases and their most cutting-edge, mission-critical transactional matters.
The U.S. District Court for the Southern District of New York
dismissed a putative class action against Paul, Weiss client
Federal Insurance Company, a member of the Chubb Group of Insurance
Companies, that alleged that disability insurance policies
underwritten by Federal and other insurers violated New York's
insurance laws and regulations and were otherwise deceptively
marketed. Judge Paul G. Gardephe held that the plaintiffs, who had
never submitted a claim for benefits under the now-expired
policies, lacked Article III standing to sue.
The case involved the HealthExtras Program, which marketed accidental disability and medical expense insurance coverage between 1999 and 2014 to the holders of major credit cards and other branded cards. The policies were endorsed by Christopher Reeve, the Superman actor who became a quadriplegic after being thrown from a horse. The plaintiffs' counsel filed similar state-by-state putative class actions against other underwriters and participants in the HealthExtras Program, but not Federal, in 11 other states and the District of Columbia.
The Paul, Weiss team included litigation partners Christopher Boehning and Jessica Carey.