The ABCs of D&O Insurance
Lowenstein Sandler's Insurance Recovery Podcast: Don’t Take No For An Answer
Release Date: 04/25/2024
Lowenstein Sandler's Insurance Recovery Podcast: Don’t Take No For An Answer
In this episode of "Don't Take No For An Answer," hosts and discuss how the current claims environment is taking a toll on policyholders as insurance claims take years to resolve and insurers deny or limit coverage for clearly covered claims. Our hosts theorize causes for the increasing challenges in the claims environment in recent years, suggest industry reforms, and offer advice to policyholders seeking coverage. Speakers: , Partner and Chair, Insurance Recovery, Partner, Insurance Recovery
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In this special crossover episode of “Terra Firma: Conversations on Commercial Real Estate” and “Don't Take No for an Answer,” Lowenstein’s and speak with Brad Dubler, Managing Partner and Executive Vice President of SterlingRisk Insurance, about the latest developments in business interruption insurance, which continues to become increasingly important for businesses, landlords, and tenants alike. The conversation covers the scope and limitations of traditional business interruption insurance, new legislation that allows insurance companies to issue standalone business...
info_outlineLowenstein Sandler's Insurance Recovery Podcast: Don’t Take No For An Answer
In this episode, continues her conversation with Matt Sabino and John McKenna, managing partners at ARC Excess and Surplus; Justin Kudler, senior vice president and senior claims counsel for ARC Excess and Surplus; and , Co-chair of Lowenstein’s , about the new regulatory environment in the second Trump Presidency and how the D&O insurance market is reacting. The panel discusses risks and concerns from an underwriter and policyholder standpoint; they also assess the state of existing regulatory claims, the potential change in risk profile that may impact future...
info_outlineLowenstein Sandler's Insurance Recovery Podcast: Don’t Take No For An Answer
In the first of two episodes, talks with Matt Sabino and John McKenna, managing partners at ARC Excess and Surplus; Justin Kudler, senior vice president and senior claims counsel for ARC Excess and Surplus, and , co-chair of Lowenstein’s Group, about the new regulatory environment in the second Trump Presidency and how the D&O insurance market is reacting. In episode one, the panel discusses anticipated risk changes for financial line companies and how they will intersect with premium pricing, underwriting processes and policy terms and conditions. The guests discuss how fund...
info_outlineLowenstein Sandler's Insurance Recovery Podcast: Don’t Take No For An Answer
Host , chair of the Practice at Lowenstein Sandler, introduces the100th episode of Don't Take No For An Answer. Since its launch, the podcast has interviewed guests from all corners of the insurance ecosystem to offer market insights, different perspectives, and practical tips to understand how insurance works and how to maximize recovery when claims are presented. Lynda describes the feedback from listeners, including clients, competitors, and adversaries across the country; she also lists the topics that sparked special interest, such as D&O risks, how to implement better risk...
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, , and of SterlingRisk continue their year-end conversation about what changed in the insurance recovery space in 2024 and what to expect in 2025. Lynda, Heather, and Josh anticipate rate relief and broader coverage in cyber insurance, provided that companies can show that they have good risk control measures in place. They also expect this year’s Crowdstrike event to affect the availability of contingent business income coverage, high jury verdicts in personal injury cases to result in continued rate pressures and potentially more restrictive coverage in the excess casualty...
info_outlineLowenstein Sandler's Insurance Recovery Podcast: Don’t Take No For An Answer
In this episode of “Don’t Take No for An Answer,” , Chair of Lowenstein’s Insurance Recovery Group, joins Lowenstein’s and Josh Weisberg, Chief Risk Officer at to recap changes in the insurance industry over the past year, particularly in the property and casualty sectors. They discuss areas in which insurance companies are increasingly looking to restrict coverage so businesses know what to look out for during the renewal process, and they share some steps that businesses can and should take internally to make sure that they're presenting themselves as an attractive risk...
info_outlineLowenstein Sandler's Insurance Recovery Podcast: Don’t Take No For An Answer
In this episode of “Don’t Take No for An Answer,” , partner in Lowenstein Sandler’s Group, is joined by to discuss bad faith in insurance claims. Highlighting a recent example of a case involving Rockefeller University, Eric and Alex explain how breach of contract claims are different from bad faith claims, why choice of law matters, and how policyholders can protect themselves against insurers who sit on their hands. Speakers: , Partner, Insurance Recovery, Associate, Insurance Recovery
info_outlineLowenstein Sandler's Insurance Recovery Podcast: Don’t Take No For An Answer
On this episode of “Don’t Take No for An Answer,” , Chair of Lowenstein’s Group, speaks with David Anderson, Vice President of Cyber at Woodruff Sawyer, about the difference between operational technology (OT) and informational technology (IT). They discuss how system failures or cyber-attacks on a company’s OT system may not only give rise to risks to data security, but also may have real world consequences, from business interruption and wasted inventory to physical injury and environmental damage. Lynda and David stress the need for policyholders to carefully understand and...
info_outlineLowenstein Sandler's Insurance Recovery Podcast: Don’t Take No For An Answer
Today on Don't Take No For An Answer, and discuss a recent Second Circuit decision that reinforces the importance of reading claims-made policies carefully. The case involves Tinder, the online dating service provider, which received notice of a lawsuit on Wednesday but did not provide notice to their insurer until Monday. The insurer denied coverage on the basis that the insurance policy had expired on Saturday at 12:01 AM! Their discussion focuses on such issues as what constitutes a “claim” triggering notice requirements in claims-made policies, the scope of a 60-day...
info_outlineOn this episode of “Don’t Take No For an Answer,” host Eric Jesse speaks with Mike Richmond, executive vice president and shareholder at the Horton Group, about the ABCs of D&O insurance, including the three fundamental coverages under a typical D&O policy. They dive into the subjects of sublimits on such items as derivative investigations, public relations and crisis management; what types of claims are covered by a D&O policy, including Side A DIC; and common exclusions in traditional Side ABC D&O policies. They also discuss the current state of the market and give tips to policyholders for going through the underwriting process.
Speakers:
Eric Jesse, Partner, Insurance Recovery
Michael Richmond, Executive Vice President, The Horton Group