Steven B. Davis

Chair, Insurance

sdavis@stradley.com

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Steven Davis

Overview

Steve Davis is a nationally recognized insurance regulatory and coverage practitioner. As chair of Stradley Ronon’s insurance practice, Steve helps manage the firm’s insurance-related regulatory and coverage dispute and litigation engagements. For more than 20 years, he has provided skilled and experienced counsel and services in hundreds of insurance regulatory, coverage and litigation matters. He also serves as the firm’s pro bono coordinator.

As former general counsel of the Pennsylvania Insurance Department, Steve has vast experience providing counsel in a wide variety of insurance transactional, compliance and enforcement matters. He is a known authority on insurance receivership and runoff issues, and represents the Pennsylvania Insurance Department in a variety of insurance receivership and other regulatory matters. Steve also has broad experience providing coverage dispute counseling and related litigation services to property-casualty, flood/write-your-own (WYO), directors and officers (D&O), errors and omissions (E&O), life, health and long-term care insurers, and sophisticated commercial insureds. Steve also routinely advises producers in business matters, litigation and enforcement disputes.

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Results

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Representative Matters

  • obtained numerous change-in-control, formation and other rate and policy form approvals from insurance departments for companies in the life, health and property-casualty business
  • routinely negotiated numerous consent orders for insurers and producers in a variety of insurance regulatory enforcement actions and market conduct examinations
  • obtained favorable litigation results in a wide range of insurance coverage and receivership disputes; court rulings include:  
    • Crosby Valve v. Department of Insurance, No. 78 C.D. 2015, 131 A.3d 1087 (Pa. Commw. Jan. 14, 2016)
    • Alabama Ins. Guaranty Assoc. v. Reliance Ins. Co. (In Liquidation), 100 A.3d 702 (Pa. Cmwlth, Sept. 12, 2014); aff’d, 121 A.3d 954 (Pa. Aug. 17, 2015)
    • Warrantech v. Reliance Ins. Co. (In Liquidation), 96 A.3d 346 ( Pa. 2014)
    • Illinois Ins. Guaranty Assoc. v. Reliance Insurance Co. (In Liquidation), 88 A.3d 313 (Pa. Cmwlth., March 21, 2014)
    • Greenberger v. Pennsylvania Ins. Dept., 39 A.3d 625 (Pa. Cmwlth., March 7, 2012)
    • In Rehabilitation of Manhattan Re-Insurance Co., 2011 WL 4553582 (Del. Ch., Oct. 04, 2011)
    • Federal Ins. Co. v. Cherokee Ardell, LLC, 2011 WL 1254036, (D.N.J. March 28, 2011)
    • JUD Enterprises, Inc. v. Lexington Ins. Co., 2010 WL 4259613 (M.D. Pa. Oct. 21, 2010)
    • Campbell v. Standard Fire Ins. Co., 2008 WL 145048 (E.D. La. Jan. 14, 2008)
  • served as amicus counsel for the Insurance Federation of Pennsylvania, the American Council of Life Insurers and the Property Casualty Insurers Association of America in cases involving taxation or other regulatory matters impacting the insurance industry
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Credentials

Bar Admissions
  • New Jersey
  • Pennsylvania
Court Admissions
  • U.S. District Court for the District of New Jersey
  • U.S. District Court for the Eastern District of Pennsylvania
Education
  • J.D., cum laude, Temple University Beasley School of Law
  • B.A., summa cum laude, Temple University
Memberships

  • American Bar Association, Tort Trial & Insurance Practice Section
  • Philadelphia Bar Association Insurance Programs Committee
  • American College of Coverage & Extra-contractual Counsel
  • Association of Insurance Compliance Professionals
  • Board of Directors, Commonwealth Court Historical Society
  • Board of Governors, Saint Joseph's University Academy of Risk Management and Insurance
  • Claims and Litigation Management Alliance
  • Corporate Insurance Coverage Committee, CPR Institute for Dispute Resolution
  • Pennsylvania Association of Mutual Insurance Companies
  • Pennsylvania Bar Association
  • Philadelphia Bar Association
  • Philadelphia Union League

News

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Speaking Engagements

  • Co-presenter, “Corporate Governance: Why All the Fuss?” Pennsylvania Bar Institute's Insurance Law for Insurance Lawyers: Legal Issues Beyond Your Office Walls
  • Panelist, “Shadowboxing with Government: Legislative and Executive Branch Considerations,” International Association of Insurance Receivers
  • Panelist, “Worried About a Single State Policy? Try A Multi-State One,” Association of Insurance Compliance Professionals
  • Moderator, “The Board and Risk Oversight,” Pennsylvania Association of Mutual Insurance Companies
  • Panelist, “Property & Casualty Market Conduct Update,” Association of Insurance Compliance Professionals
  • Panelist, “Market Conduct 360: A Practical Guide to Avoiding and Dealing with Market Conduct Examinations” Pennsylvania Association of Mutual Insurance Companies
  • Moderator, “Health Care Reform - What You Need to Know Now,” Society of Insurance Financial Management Quarterly Conference
  • Presenter, “Motion Practice in Bad Faith Cases,” Pennsylvania Bar Institute
  • Presenter, “Emerging Insurance Issues,” 2014 Commonwealth of Pennsylvania Office of General Counsel University
  • Presenter, “Multi-State Risks – Product Filing and Litigation Issues,” Association of Insurance Compliance Professionals’ Annual Meeting
  • Presenter, “Corporate Risk Management: Directors and Officers Liability,” Emerging Insurance Coverage & Allocation Issues Conference
  • Presenter, “Navigating Your Journey Through Market Conduct Exams,” 26th Annual Association of Insurance Compliance Professionals Conference
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Recognition

  • Pennsylvania Super Lawyers
  • The Best Lawyers in America
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