Directors and Officers Insurance:
Understanding Basic Coverages and Current Issues
Thursday, November 9, 2006
4:00 p.m. - 7:00 p.m.
Sponsor
Business Law Section
Directors and Officers Insurance (D&O) has become a highly visible and important topic in the wake of increased securities regulation and corporate scandals. This program will demystify the basic coverages available in a D&O policy, as well as provide some insight into the finer points one should consider when negotiating such a policy. The program will also offer an overview of today’s D&O industry, in terms of the cost of insurance and the severity and frequency of claims the industry is handling. Many of the concepts will be illustrated through real life claims scenarios.
Specific Topics Include:
- D&O Overview
- Standard Coverages
- Standard Exclusions
- Underwriting 101
- Industry Overview
- Current Securities Litigation, Nonprofit Litigation and Private Company Litigation Environment
- Current Pricing Climate
- Claim Scenarios – How the Policy Works in Reality
- Stock Option Backdating
- Bankruptcy Issues
- Side A Coverage
- Allocation
Attendees will have the opportunity to address specific questions to the panel.
Panelists:
David M. Goldstein, Esq.
Willis Group Limited
Steven Maggiacomo, Sr. V.P.
American International Group, Inc.
Carl E. Metzger, Esq.
Goodwin Procter LLP
Kirk J. Raslowsky, Esq.
The Chubb Corporation
Program Co-Chairs:
David M. Goldstein, Esq.
Willis Group Limited
Michael P. Duffy, Esq.
Peabody & Arnold LLP
Program Prices
$120 - BBA Members
$155 - Non-Members
$85 - BBA Sponsoring Section Member
$65 - BBA Member Legal Services/Government Lawyer
$25 - Law Student
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