Partner Jack Governale and Partner Michael Verde will speak as panelists on "Reassessing Insurance Strategies in a New Era of Risk and Uncertainty" at 8:30 a.m. on Wednesday, February 24. Steve Bougal, Vice President of Hartford Financial Products, and Fred Gaston, President of InsureHedge, a division of Gaston & Associates, Inc., will also speak on the panel.
Discussion topics at the seminar will include:
- Hedge and investment funds were previously thought to be virtually immune from suit, and insurance was therefore not considered a priority. The claims arising from the financial meltdown, Madoff and multiple Ponzi schemes have changed this landscape, left fund managers vulnerable and made thinking about insurance coverage a priority.
- What types of litigation involving insurance have been most prevalent in the last 18 months and what are the claim details in terms of the magnitude of loss, burn rate of legal expenses, etc?
- What types of specialty insurance do you feel a HF should really be considering today, why, and at what limits?
- What should you look for when purchasing E&O/D&O, Crime or Kidnap and Ransom policies today?