1 / 9

PRIVATE COMPANY D&O: MEETING EXPECTATIONS?

PRIVATE COMPANY D&O: MEETING EXPECTATIONS?. PRIVATE COMPANY D&O: MEETING EXPECTATIONS?. Moderator : Dennis Donovan, Executive Vice President, S.H. Smith & Company Panelists : Thomas Herendeen , RPLU, AFSB, Vice President,

bliss
Download Presentation

PRIVATE COMPANY D&O: MEETING EXPECTATIONS?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. PRIVATE COMPANY D&O: MEETING EXPECTATIONS? Chicago, IL ~ March 24 & 25, 2011

  2. PRIVATE COMPANY D&O: MEETING EXPECTATIONS? Moderator: Dennis Donovan, Executive Vice President, S.H. Smith & Company Panelists: Thomas Herendeen, RPLU, AFSB, Vice President, Management & Professional Liability, Philadelphia Insurance Companies Lisa Jones, Vice President, Chubb & Son Elizabeth “Liz” A. Roussel, Partner, Litigation, Adams and Reese LLP

  3. Introduction with Historical Perspective • Coverage Expansion and Impact on Types of Claims Seen • Anti-Trust • Competitor Suits • Consumer Protection

  4. Key Highlights from Chubb 2010 Private Company Survey • Insurance purchase rates at about 25% • Fewer buyers today than in 2007! • Why don’t they buy? • Who is Suing • Average Loss (settlements, judgments and legal costs) was $225,682

  5. Policyholder Perceptions/Misperceptions • Reservation of Rights Letter • Insurance pays in full? • Role of Panel Counsel – upfront discussion

  6. Role of Agent in Buying Process • Is it just a cross sell? • Do underwriters require a complete submission? • Automatic renewal pitfalls? • Areas of Coverage Expansion and Withdrawal • Economic Impact

  7. What’s Next? • Issues – Coverage – Trends • FCPA • Cyber • Side A for Private Companies

  8. Questions?

  9. PRIVATE COMPANY D&O: MEETING EXPECTATIONS? Moderator: Dennis Donovan, Executive Vice President, S.H. Smith & Company Panelists: Thomas Herendeen, RPLU, AFSB, Vice President, Management & Professional Liability, Philadelphia Insurance Companies Lisa Jones, Vice President, Chubb & Son Elizabeth “Liz” A. Roussel, Partner, Litigation, Adams and Reese LLP

More Related