White Papers

D&O Liability – Limits Adequacy

By Glen Bailey and Jane Hahn

Corporate leaders of publicly traded companies commonly ask the following question: “How do we determine adequate limits for our Directors’ & Officers’ Liability (“D&O”) program?” Responses from seasoned insurance professionals may vary widely, serving only to increasing confusion. While determining appropriate D&O limits for a company is not a perfect science, identified in this article are tools available and specific risk profile metrics to help you establish limits that meet your unique corporate needs.

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Cyber Insurance Covered By TRIA

The Terrorism Risk Insurance Act (TRIA) backing for Cyber Insurance may boost the development of specialized policies that provide cover for cyber-caused property damage and bodily injury, but well negotiated cyber policies should already cover damage to data from terrorism.

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Internet of Things: The Risk Managers Perspective

Recent cyber-attacks infiltrating and using everyday devices such as video monitors, cameras and speakers sounded a wake-up call to the dangers lurking behind the interconnectedness of our society. Federal and state agency guidance on the risks of unsecured devices on the Internet of Things (IoT), as well the most recent Dyn attacks indicate that this is a problem that will become more pervasive as more devices become “connected.” While the benefits of an interconnected economy, where your car can “connect” and your microwave can be shut off by your phone, are clear, it’s unclear whether companies are ready to tackle the unfamiliar task of foiling hackers who utilize these devices to disrupt businesses.

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The Sharing Economy – Online Rentals

By Joey Freeman The sharing or access economy, referring to the business transactions completed via online marketplaces, continues to develop…

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Unmanned Aircraft Systems (UAS): A Growing Risk

The use of unmanned aircraft systems, commonly referred to as UAS or drones, is a rapidly increasing in commercial and industrial applications producing significant changes in risk management as insurers and insureds attempt to utilize and effectively manage emerging technologies and business innovation. The Association of Unmanned Vehicle Systems International (AUVSI) predicts an economic impact of more than $ 80 Billion over the next ten years and creation of over 70,000 jobs related to the UAS industry. An estimated 175,000 UASs are expected to be in commercial use by 2035.
The Federal Aviation Administration (FAA) oversees and regulates the UAS industry to assure the safety and efficiency of the busiest and most complicated airspace in the world. UASs may not be operated for commercial (non-recreational) purpose without expressed permission from the FAA. Regulation of UASs continues to evolve incrementally as the FAA acquires a better understanding of operational issues; these regulations include operator/pilot training requirements, operational specifications, and technology considerations.

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Fitness Center Safety

Fitness centers have become common guest amenities in the hospitality industry, offering a variety of risks and hazards for travelers and hotel operators. If unmanaged, these risks and hazards can result in guest injuries, exposing the facility to liability. The daily flow of new and first-time users of hotel fitness centers disadvantages operators in terms of screening potential users. Provided are methods to help owners/operators ensure the safest possible exercise environment and limit potential liability.

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