Insurance law - Insurance law regulates the activities of the insurance industry. Insurance serves as a means of financial protection against potential losses. It involves risk management strategies used to hedge against contingent and uncertain losses.
An insurer, insurance company, insurance carrier, or underwriter provides insurance coverage, while an insured or policyholder purchases the insurance.
The insured pays a relatively small premium to the insurer, who promises to compensate for covered losses. These losses may or may not be financial but must be reducible to financial terms and typically involve an insurable interest established through ownership, possession, or preexisting relationships. Virtus Leo has experience in providing legal assistance in insurance matters, including various types of insurance activities such as primary insurance, reinsurance, co-insurance, and mutual insurance.
Our team is well-equipped to handle complex insurance coverage issues and has been engaged by companies to protect their rights in connection with insured events.