The seismic shift Over the last 50 years the fundamental determinants of value in the global economy have changed. Most prominent in this shifting economic landscape is the category of intangible assets of all forms including patents, trade secrets, copy and data rights, and brand value. Over a short period of time, the importance and…
Tag: Insurance
Insurance! What Is It Good For? Misplaced Liability for California’s Wildfires
It is no secret that California has consistently suffered some of the worst wildfires in United States history.1 Blazes in 2017 caused more than $10 billion in damages, the most in the state’s history.2 The fires, which exist everywhere from Santa Barbara and Malibu to Napa and, most recently, the City of Paradise, destroy houses,…
Automated Vehicles and Michigan’s No-Fault Auto Insurance Act
According to the National Highway Traffic Safety Administration (“NHTSA”), human error causes 94% of serious vehicle accidents.1 In response, the latest vehicles have implemented driver assistance technologies that use sensors, cameras, and computers to identify safety risks and reduce error-caused accidents.2 While still in development, automated vehicles that “can see more and act faster than…
Challenging “Too Big to Fail” Designation
The widening scope of the Financial Stability Oversight Council’s “too big to fail” designations has caused alarm in the financial sector and, in the case of MetLife, inspired legal action. In response to the 2008 global financial crisis, Congress formed the Financial Stability Oversight Council (“FSOC”) as part of the reforms initiated by the 2010…