PERSPECTIVES: The importance of educating decision-makers about country risk

By: Daniel Wagner

Published April 19, 2013 - 6:31pm CST

As company operations expand internationally, decision-makers often pay too little attention to country risk and the role it plays in successfully operating abroad. Boards, in particular, are vulnerable to making what may turn out to be costly decisions due to a lack of insight into specific countries and not knowing the right questions to ask of senior management, says Daniel Wagner, CEO of...

PERSPECTIVES: Insurance coverage for clawbacks could be affected by new legislation

By: Steven H. Weisman and Nicholas M. Insua

Published April 15, 2013 - 4:27pm CST

The Dodd-Frank Wall Street Reform and Consumer Protection Act prompted many insurers to offer compensation clawback endorsements to their directors and officers liability policies. However, new proposed legislation now seeks to keep policyholders from procuring such coverage. Steven H. Weisman and Nicholas M. Insua, partners with McCarter & English L.L.P., explore how passage of this bill could...

PERSPECTIVES: Damage claims from Sandy highlight business' insurance struggles

By: Robin L. Cohen and William E. Denver

Published April 12, 2013 - 9:36am CST

Superstorm Sandy has left a storm of insurance claims in its wake, and many businesses are finding that their claims are being denied. Robin L. Cohen and William E. Denver of law firm Kasowitz Benson Torres & Friedman L.L.P. discuss what policyholders can do to protect their rights to coverage.

PERSPECTIVES: NRRA captive debate frames tax issues

By: Michael Byrne

Published March 24, 2013 - 6:00am CST

The Nonadmitted and Reinsurance Reform Act, enacted as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, has heightened awareness of state self-procurement premium taxes. Michael Byrne of Drinker Biddle & Reath L.L.P. discusses issues for captive owners and managers to consider with regard to the NRRA.

PERSPECTIVES: How to evaluate the emerging risks of nanotechnology

By: Thomas F. Segalla And Troy S. Flascher

Published February 24, 2013 - 6:00am CST

Like any new technology, risks are emerging with the proliferation of nanotechnology. Thomas F. Segalla and Troy S. Flascher of law firm Goldberg Segalla L.L.P. offer information for insurers, manufacturers, science and technology companies, and corporate decision-makers to consider when evaluating risks associated with nanotechnology.

PERSPECTIVES: Understanding self-procurement taxes, captive insurers and the NRRA

By: Michael Byrne

Published February 07, 2013 - 4:13pm CST

The Nonadmitted and Reinsurance Reform Act, enacted as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, has heightened awareness of state self-procurement premium taxes. Michael Byrne of Drinker Biddle & Reath L.L.P. discusses issues for captive owners and managers to consider with regards to the NRRA.

PERSPECTIVES: Marine insurance defined by higher disclosure standards

By: Michael S. Gehrt And Shaun H. Crosner

Published January 13, 2013 - 6:00am CST

While most insurance applicants satisfy their disclosure obligations by accurately answering insurers' questions, disclosure requirements are more complex when it comes to marine insurance, say Michael S. Gehrt and Shaun H. Crosner of law firm Dickstein Shapiro L.L.P. A little-known doctrine requires those who are seeking marine insurance to disclose all risk-related facts related to the coverage ...

PERSPECTIVES: Mitigating risks from illegal electronic transactions

By: Doug Karpp

Published November 28, 2012 - 4:12pm CST

Illegal electronic transactions, ranging from theft to fraud, often lurk undetected on computers and the Internet. The activity often persists until a company discovers that it has lost large sums of money, is facing legal consequences, or is on the hook for fraudulent charges, says Doug Karpp, a vice president at Hiscox USA. He offers a series of tips for businesses to avoid this potentially...

PERSPECTIVES: Affects of legislation, regulation on property/casualty insurance industry

Published November 19, 2012 - 2:50pm CST

Dennis F. Kerrigan Jr. serves as executive vice president, general counsel and corporate secretary for Zurich North America, with responsibility for the corporate law, compliance, government and industry affairs, and regulatory affairs departments supporting Zurich's general insurance segment in North America, which includes its North America commercial, global corporate and Canadian businesses....