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How did Mike DeAgro's experience co-founding a nonprofit advocacy organization lead to a career in the legal field? Find out more>

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Envision to Sell to KKR for $9.9 Billion

We represented Envision Healthcare Corporation (NYSE: EVHC) in its definitive agreement to sell to KKR in an all-cash transaction for $9.9 billion, including debt. KKR will pay $46 per Envision share in cash to buy the company, marking a 32 percent premium to the company's volume-weighted average share price from November 1, when Envision announced it was considering its options. The transaction is expected to close the fourth quarter of 2018. Read more


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Six Things to Know Before Buying a Physician Practice spotlight

Dermatology, ophthalmology, radiology, urology…the list goes on. Yet, in any physician practice management transaction, there are six key considerations that apply and, if not carefully managed, can derail a transaction. Download the 6 Things to Know Before Buying a Physician Practice to keep your physician practice management transactions on track.

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Privacy Perils: Guidelines for Personal Drone Usage

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January 8, 2016

The Federal Aviation Administration estimates 1.6 million drones were purchased during 2015, with upwards of 1 million bought during the past holiday season alone. Besides FAA registration requirements, using drones for personal or commercial purposes raises several critical insurance issues, including coverage of invasion of privacy, personal injury and property damage claims, as well as for statutory violations. For instance, a number of states prohibit use of drones for voyeurism, or to collect information about critical infrastructure without consent. It is critical that you check privacy laws where the drone will be flown before taking to the skies.

If you or someone you know received a drone as a holiday gift, call your insurance broker to confirm that your homeowner's insurance policy or renter's insurance policy extends to drone-related damages. Most policies include coverage (subject to a deductible) for property damage caused by radio-controlled model aircraft (including drones), such as accidentally crashing into a neighbor's house or automobile, or bodily injury from hitting a person or animal. The policies may also cover loss of the drone itself if it is lost, stolen or damaged. However, it is less likely your policy will cover invasion of privacy claims, and even less likely it will cover violations of state or local laws.

As drones proliferate exponentially, insurance claims will surely follow. Both proactively and retroactively, insurers will in turn adjust current policy terms and conditions. These changes may include developing stand-alone drone policies, establishing coverage sublimits for drones, or requiring specific drone endorsements to homeowner's and renter's insurance policies. Anyone with a drone around their house must carefully review their policy at least prior to renewal, and discuss with their insurance broker the extent of available coverage.

Privacy Perils imageCheck out our series, Privacy Perils, to learn what steps you can take to guard your personal and company data. For more information about this topic and other cyber security concerns, please contact Bob Brewer, Tony McFarland, Elizabeth Warren or a member of our Privacy & Data Security team.

 


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