Daniel Sovocool has extensive experience with self-insurance, insurance and guaranty funds of all types, especially workers’ compensation funds. He represents guaranty funds in federal and state court litigation and before regulatory agencies.
I represent state guaranty funds, primarily self-insurance funds, in connection with litigation and regulatory matters, leveraging nearly 30 years of experience. Clients include the California Self-Insurers’ Security Fund, the California Insurance Guaranty Association, the National Council of Self-Insurers, and many other industry organizations and groups. Recent matters include the successful collateralization of a large retail self-insurer in a merger and acquisition, recourse litigation against actuaries, directors and officers, and other participants in the conservation of the first failed self-insurance group in California, the ongoing prosecution of claims against more than 100 defendants in connection with a failed self-insured professional employer organization (PEO) established by a Native American tribe, and contribution to the successful resolution of highly contested bankruptcy issues threatening the vitality of multiple state guaranty fund programs.
I see an expansion of alternatives to standard insurance structures, including self-insurance, large deductible programs, captives and alternative collateral programs. I see an industry drive toward making guaranty funds more robust, efficient and cost-effective. Broader issues pertaining to self-insurance and guaranty funds will be getting more of a national treatment, as guaranty funds are increasing coordinating toward better outcomes. Privacy and data security issues are becoming more important. Finally, the workers’ compensation arena, I see greater efficiency returning to California, with an ongoing emphasis on return to work, reining in cost, and reducing fraud and waste.
Cornell University Law School, J.D., cum laude
Cornell University, B.S.
Daniel has been recognized as a "Super Lawyer" by the publishers of the Northern California Super Lawyer magazine for 2004 and 2009. Inclusion in Super Lawyers is based on a peer-review survey.