Mitchell Griffith Quoted in Law360 on Deal Insurance Market

“Deal Insurance Market Matures As Draws Become Clear”

Representations and warranties insurance has blossomed into a common element of corporate transactions in recent years, propelled by more awareness of its benefits and an increasingly competitive market generating better terms, experts in the field say.

…The mounting track record of paid-off claims has been a key to increasing use of transactional insurance in the energy sector, where companies can face major exposure for environmental and workers’ compensation claims, Mitchell L. Griffith said. “As of a couple of years ago, there was not much information on the types of claims, the frequency of claims, how they’re paid out,” he said.