Airline industry expert witness Daniel Akins testified in New York bankruptcy court that American Airlines will need to merge with US Airways to recover from bankruptcy. Akins is a transportation economist with over 20 years of industry experience and has been involved in the restructuring of U.S. airlines including American, Continental, US Airways, United, and Hawaiian.

In Peaks and Valleys for Expert Witnesses construction site expert witness William Gulya, Jr., President & CEO, Middlesex Trenching Company, writes:

One would initially think slower business might mean cost cutting on safety or reduced staffing causing overworking of employees, and higher productivity demands by management causing haste and a greater margin for error or bad judgment. Moreover, while some of this may occur, these are not the main reasons for a reduction in the retention of experts. When business slows, the incidents of product failure, construction accidents, personal injury, etc. slow with it. It comes down to simple math — less opportunity equals fewer occurrences.

Experts who have been practicing for several years, through bad or slower than usual economies, report having experienced increased negotiation of expert fees. Attorneys and referral agencies will actively negotiate in an attempt to lower the expert’s hourly fee. “It’s not personal; it’s just business.”

In More effective use of experts in slip-and-fall cases –

The right expert will help you to better prepare the case and win it at trial, attorney David Reinard writes:

We all know slip-and-fall cases are among the most difficult to win. We also know that many people get seriously injured in falls, so we often are called to consider these cases and we are often tempted to take them. Some lawyers wisely use a “no breaky, no takey” rule to determine whether to even consider accepting a slip-and-fall (or trip-and-fall) case. And unless the case has catastrophic injuries,

Insurance expert Ty Leverty was in the news reporting that customers pay up to 31% more for insurance when insurance companies have to comply with regulations in more than one state. The University of Iowa professor of finance has also studied how tort reform laws lower insurance premiums and save consumers money, dependent upon where the consumer lives.
Leverty’s paper, “The Cost of Duplicative Regulation: Evidence From Risk Retention Groups,” was published recently in the Journal of Risk and Insurance.

Securities expert witness and Columbia Law School professor John Coffee commented this week on JP Morgan Chase & Co.’s $2B loss. The director of the Center on Corporate Governance at Columbia University Law School says the JPMorgan loss will incentivize the passage of banking regulations, i.e. limitations similar to the Volcker Rule.

Captive insurance expert Stewart A. Feldman is lecturing at the University of Delaware’s Captive Insurance Risk Management Certificate Program, April 18 – June 6, 2012. Feldman, CEO of Capstone Associated Services, Ltd., is an expert on insurance companies established with the objective of insuring risks emanating from their parent group(s).

In Peaks and Valleys for Expert Witnesses construction site expert witness William Gulya, Jr., President & CEO, Middlesex Trenching Company, writes:

No matter which field of expertise you specialize in, as an expert witness you will experience peaks and valleys in the number of cases you are retained to opine on in a given year.

This may lead you to question your marketing efforts. And that is not, in and of itself, a bad idea. Your marketing plan should be reviewed every six months anyway. But your marketing program may not be the problem — it may be the economy. Yes, even expert witness practices are subject to the effects of a bad economy.

The Paralegal Knowledge Institute is presenting Practical Legal Ethics (Four Webinars)

Live Webinars Designed Specifically for Paralegals

Every year, more and more paralegals are facing critical ethical decisions and more and more responsibility for alleged negligence. In a litigious society, no one is immune. Knowing what is required and how to identify problems before they happen is vital.

Insurance expert Robert Desaulniers, who contracts with FEMA, says extra coverage will be required for Newburyport, MA, homes that are now mapped in a higher risk area. The previous maps are from 1985 and over the years, many of the flood insurance maps have become outdated due to urban growth, changes in river flows and coastlines, and even flood mitigation efforts.