|University ||University of California, B.A.|
|Law School||University of Santa Clara, School of Law, J.D., 1976|
|Admitted||1976, California; District of Columbia; New York; U.S. Court of Appeals, Ninth Circuit; U.S. District Court, Central District of California; U.S. District Court, Northern District of California; U.S. District Court, Southern District of California; U.S. District Court, Southern District of New York; U.S. Supreme Court|
International Association of Insurance Receivers
National Conference of Insurance Legislators
|Born||Los Angeles, California, 1948|
Barry Leigh Weissman is a partner in the Insurance and Reinsurance Department at Edwards Wildman Palmer. Mr. Weissman represents insurance and reinsurance companies in regulatory and transactional matters as well as in all forms of dispute resolution including arbitration, litigation and mediation in state and federal courts on behalf of insurance and reinsurance companies on bad faith, complex litigation and multidistrict matters.
He has represented American, European and Asian clients in a variety of complex reinsurance and commercial matters, many of which have involved cross border issues such as mergers and acquisitions, dispute resolution and insurance regulatory matters. Mr. Weissman has also been involved in matters in jurisdictions outside of the United States, for example the United Kingdom, Japan and Korea.
Mr. Weissman has served as Managing Partner and General Counsel of an international law firm and as outside General Counsel to several insurance companies, including one that was in receivership. He works closely with the senior management of various reinsurance and insurance companies advising on techniques concerning the avoidance and handling of dispute resolution, contract drafting and regulatory issues.
He is certified as a reinsurance arbitrator by IAIR in both Claims and Reinsurance.
Mr. Weissman served as the Chair of the Standing Committee on Insurance Law of the Business Law Section of the State Bar of California as well as being active on several working groups of the National Association of Insurance Commissioners. He previously served on the California State Senate Advisory Commission on Malpractice Insurance, and as a member of the American Bar Associations general Practice Association's General Practice, International Law, and Litigation Sections including serving as a Member of the Council of the General Practice Section. Mr. Weissman is listed in the 2007, 2008, 2009, 2010, 2011 and 2012 editions of Chambers USA: Leading Lawyers for Business and was named as a Southern California Super Lawyer by Law & Politics in 2005, 2007 and 2010.
•Consulted with and advised the government of Korea in its efforts to sell seven of Korea's insolvent life insurance companies.
•Counseled, advised and represented insurance and reinsurance companies before regulatory bodies in various US and foreign jurisdictions.
•Drafted regulations and testified at hearings on behalf of insurers, reinsurers and various trade organizations in a successful effort to require the California Department of Insurance to modify its Proposed Reinsurance Oversight Regulations resulting in the passage of reinsurance legislation in California in 2006.
•Counseled and advised the Commissioner of Nevada Division of Insurance in the acquisition of the Nevada domestic companies, the resulting hearings and dealings with the Federal Trade Commission regarding competition issues that resulted from the acquisition.
•Served as the outside General Counsel of the Superior National Insurance Companies in Liquidation. He was lead counsel in the successful action by Superior National to recover over $250 million for the liquidated company.
•Counseled, advised and represent the Superintendent of Insurance of the State of New York as rehabilitator of Frontier Insurance Company in Rehabilitation in various actions in California.
•Counseled, advised and represented the Insurance Commissioner of the State of California in actions brought against him by Anthem Insurance Company in order to force the Insurance Commissioner to allow the merger of Anthem and Wellpoint in California.
•Represented both reinsurers and cedents in litigation and arbitration matters, including, but not limited to, issues of clash covers, catastrophe covers, workers compensation carve out coverage, environmental coverage, accounting and actuarial disputes, contract wording issues, fraud and rescission claims, pools, declaratory judgment expenses and fronting and agency issues.
•Represented life insurers in litigation and licensing matters.
•Counseled and advised reinsurers on how to deal with insurance companies in liquidation as well as led teams in the defending of arbitrations instituted by the liquidators.
Before Edwards Wildman
Mr. Weissman was a partner in international law firms.
Documents by this lawyer on Martindale.com
Validus Wins Round One: Retrocessions Not Taxable Under 26 USC § 4371(3)
Alexander G. Henlin,Barry Leigh Weissman, February 17, 2014
A federal district court in Washington handed Validus Reinsurance a major win on Wednesday, declaring that the IRS has no authority to assess excise tax on retrocessions. The decision in Validus Reinsurance, Ltd. v. United States of America, No. 13-0109 (D.D.C. Feb. 5, 2014), is available here-...
California Adds New Hazardous Financial Condition Regulations
Barry Leigh Weissman, December 16, 2013
Effective January 1, 2014, the California Department of Insurance has added six new regulations to Title 10 of the California Code of Regulations. These can be found at Title 10, Chapter 5, Article 22 Sections 2598 through 2598.6. The purpose of the new regulations is to provide the Insurance...
California Court of Appeal, Third District Holds In-House Attorney May Be Liable for Malpractice for Failing to Warn Employee About Conflict
Nora A. Valenza-Frost,Barry Leigh Weissman, December 6, 2013
The California Court of Appeal, Third District, in Yanez v. Plummer, 2013 WL 5915639, Cal. Ct. App. 3d Dist., No. C070726 (Nov. 5, 2013) recently held that a former employee deposed in connection with a co-worker’s personal injury suit may pursue malpractice claims against in-house counsel...
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