Calfee Connections

Simply stated, insurance policy deductibles or retentions are a dollar threshold that must be satisfied before an insurer will pay any defense or indemnity costs on a claim. Many insureds  seek to contain their insurance premium costs by purchasing policies with substantial six to nine-figure retentions or deductibles. Unsurprisingly, insurers tend to charge lower premiums if the insured is willing to retain more dollar risk for itself through retentions or deductibles. Suffice it to say that both retentions and deductibles are loss-shifting mechanisms, which shift away from the insurer a portion of the loss otherwise covered by an insurance policy.

On Episode 24 of Calfee NOW, Michael Bowen, Associate with Calfee's Government Relations and Legislation practice group, spoke with Chris Berry, President and CEO of OhioX. OhioX is a nonprofit organization that represents and connects those committed to growing Ohio’s economy through technology and innovation.

In an M&A market that remains exceedingly frothy, many would-be buyers in the middle market are being forced to acquire the equity of a target company (rather than its assets) in order for their bids to be competitive. 

On episode 23 of Calfee NOW, Raymond Tarasuck, Senior Counsel,  Michael Bowen, Associate with Calfee's Government Relations and Legislation practice group, Jamie Gregory Lead Principal, and Nick Bush, Principal with Calfee's Federal Government Relations and Policy group, spoke with Congresswoman Shontel Brown (D-OH, District 11). 

On Episode 22 of Calfee NOW, Raymond Tarasuck and Daniel Reinhard, both Senior Counsel, and Michael Bowen, Associate with Calfee's Government Relations and Legislation practice group, spoke with Ryan Puente, Chief of Government Affairs for the City of Cleveland.

On episode 21 of Calfee NOW, Charlie Luken, former Cincinnati Mayor, Patrick Hayes, Senior Counsel, and Michael Bowen, Associate with Calfee's Government Relations and Legislation practice group, spoke with Cincinnati Mayor-Elect, Aftab Pureval. 

On Episode 20 of Calfee NOW, Raymond Tarasuck, Senior Counsel, and Michael Bowen, Associate with Calfee's Government Relations and Legislation practice group spoke with Cleveland City Council President, Blaine Griffin, who represents Ward 6. 

The Financial Crimes Enforcement Network (FinCEN) estimates some $590 million in ransomware payments were reportedly made from January to June 2021. Moreover, hackers are now blatant enough to brand their undertakings as “Ransomware as a Service,” and some reportedly “feel completely safe” from prosecution against their illegal activities in countries such as China.

What are these data breaches and ransomware attacks, and what can you do to help protect your company?

Working with a member of the Lex Mundi group opens the door to access over 22,000 lawyers in over 125 countries. As a founding and active member of this global legal network, Calfee has decades of experience and strong relationships within the organization, which we regularly leverage to help ensure our clients have quick access to trusted legal counsel in other jurisdictions who can help them make informed decisions to better grow and protect their business’ interests.

Legal project management professionals drive positive results for businesses, yet only 30% of law firms use them. Legal project management is just one of the ways that Calfee offers exceptional value in the delivery of legal services to our clients.