Phillip Stano relies on more than 30 years of experience—as a regulator, then as counsel for a life insurers’ trade association and now as a defense attorney—to achieve positive outcomes in complex class action suits and other financial services litigation and regulatory and compliance counseling. Phil’s clients are some of the nation’s largest insurers and span all types of insurance, including annuity, life, long-term care, health, title and property and casualty. Combining a thorough knowledge of class action procedure with an understanding of current regulatory developments, Phil represents his clients in state and federal courts and guides them on issues such as unclaimed property, retained asset accounts, privacy/cyber risk, adequacy of disclosure and regulatory compliance.
Before joining Eversheds Sutherland (US), Phil served as chief litigation counsel at the American Council of Life Insurers (ACLI), where he filed more than 350 briefs on significant issues affecting insurers' marketing life, annuity, disability, long-term care and health insurance products. He organized and directed ACLI’s class action, state tort/judicial reform, insurer legal privileges, arbitration and insurance anti-fraud legislative reform efforts. Prior to ACLI, he was assistant attorney general and general counsel of the Alabama Insurance Department, where he litigated numerous civil matters at the trial and appellate levels. He has extensive experience in insurer rehabilitation and liquidation proceedings and unclaimed property/market conduct audit defense and advice.
Awards and Rankings
Named the American Tort Reform Association’s Legal Reform Champion (2005)
Member, Board of Directors, Attorneys Insurance Mutual of the South, Inc.
Member, Editorial Review Board, Journal of Insurance Regulation
Secretary-Treasurer, Association of Life Insurance Counsel (2003-2009)