Sign In

Paul Stockman

Partner at Kazmarek Mowrey Cloud Laseter LLP and General Counsel at Wabash Valley Resources

Paul Stockman is an experienced trial and appellate lawyer who currently serves as General Counsel at Wabash Valley Resources.1 His legal expertise focuses on complex energy, environmental, and related matters.1

As a seasoned legal professional, Stockman has developed a strong background in the energy sector, which aligns well with his role at Wabash Valley Resources. This company likely operates in the energy or environmental industry, given Stockman's specialized legal focus.

Professional Background

Stockman's career path has led him to his current position as General Counsel, where he likely provides legal advice and representation for the company on various matters related to energy and environmental law. His experience as a trial and appellate lawyer suggests that he has extensive courtroom experience and is skilled in handling complex legal cases.1

Education

Paul Stockman's educational background includes a degree from the University of Pittsburgh.1 This educational foundation has likely contributed to his expertise in the legal field, particularly in areas related to energy and environmental law.

While there are several individuals named Paul Stockman on LinkedIn, the profile with the username "paulstockman" corresponds to the General Counsel at Wabash Valley Resources, distinguishing him from others with similar names in various industries and locations.23

Highlights

Mar 26 · linkedin

An interesting article from Taylor Research Group on the use of historical records in Phase I ESAs. I’ve used John and his team in the past, and find them to be a very useful and cost-effective addition to the team when dealing with “legacy” contaminated sites. I can attest, as the article points out, that targeted historical research can help clients reap millions of dollars through contribution claims, with a really high return on investment.

Jan 16 · linkedin

For those who can get through the Law360 paywall, I highly recommend this perceptive article by Jonathan Terrell, pointing out the incredible policyholder risks that are presented when insurance companies spin off a “bad bank” of legacy long-tail liabilities.

I had the pleasure of working with Jonathan, on behalf of a consortium of policyholders, in opposing the OneBeacon transaction. What Jonathan is too kind to say is that insurance regulators, despite being an important firewall to protect policyholders, too often hail from the insurance industry and are thoroughly “captured” by the entities they purport to regulate. The Pennsylvania Insurance Department, for its part, listened to us politely when we pointed out the inevitable failure of the OneBeacon spinoff, but ignored us completely in approving it. (Even more irritating to me was that the Department effectively did so under cover of darkness, but obviously tipped off the insurers, because the transaction closed within a couple of hours, preventing us from taking any further steps.)

Jonathan is also far too kind in how he characterizes the claims handling practices of some of the runoff shops; in my experience, their claims handlers’ principal marching orders are to preserve assets as long as possible so that the company can benefit from the “float,” and to take the most aggressive positions that they can envision (in some cases, regardless of logic, precedent or even plausibility). Some are better than others, but none are as good as claims handlers in businesses that are ongoing concerns, who have to answer to management that still has to sell policies and who won’t if the company takes laughable positions to avoid claim payments.

In any event, this is an important reminder that companies should keep an eye on the financial machinations of their historical insurers (to the extent they haven’t already fallen into this trap). If one of these transactions is in the works, policyholders should take steps to challenge it. It may not work, and “I told you so” is cold comfort, but inaction is 100% unsuccessful.

Related Questions

What are Paul Stockman's main responsibilities at Wabash Valley Resources?
How long has Paul Stockman been with Wabash Valley Resources?
What are some notable cases Paul Stockman has worked on?
What is Paul Stockman's educational background?
Does Paul Stockman have any notable achievements in his legal career?
Paul Stockman
Paul Stockman, photo 1
Paul Stockman, photo 2
Add to my network

Location

Pittsburgh, Pennsylvania, United States