1 / 7

Executive Liability for Private and Non-Profit Businesses

Executive Liability for Private and Non-Profit Businesses. Executive Liability for Private and Non-Profit Businesses. Moderator: Chris Christian, CIC, RPLU, Vice President, Senior Broker, US Risk Financial Services, Inc. Panelists:

nicolette-fontaine
Download Presentation

Executive Liability for Private and Non-Profit Businesses

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. Executive Liability for Private and Non-Profit Businesses Chicago, IL ~ March 18 & 19, 2010

  2. Executive Liability for Private and Non-Profit Businesses Moderator: Chris Christian, CIC, RPLU, Vice President, Senior Broker, US Risk Financial Services, Inc. Panelists: Angela Cox, RPLU, Regional Undewriting Manager, Monitor Liability Managers, Inc. J. Glenn Dockery, Executive Vice President, Willis HRH Executive Risks Richard Gibson, Esq., MBA, President, Premier Professional LiabilityServices LLC Haralyn Isaac, JD, Vice President, Claims, Great American Insurance Company

  3. Introduction • Economic Stresses • Claims up • Budget pressure • Evolution

  4. The Need for Management Liability Coverage • Increasing – • Claims • Regulation • Financial Stresses • Reluctance to buy coverage

  5. Economic Pressures • Increased exposure to employment-practices claims • Effects of reduction in force actions • Financing issues • Financing options limited • Investors • Reductions in funding for non-profits

  6. Underwriting and Coverage Issues • Capacity • Emerging issues • Impact of the credit crisis • Debt and bankruptcy • Global exposures • Additional coverages provided

  7. Summary • Economic pressures increasing need for coverage • Insureds’ financial distress discourages purchase of insurance • Capacity and expansion of coverages will come home to roost

More Related