The Advanced Forum on

Professional Liability

Improving your competitive advantage, minimizing exposures and maximizing profitability

Tuesday, December 07, 2004

About

As the global economy continues to move in a service-oriented direction, an ever-increasing number of occupations are becoming specialized service providers. Professional liability is now a reality that cannot be ignored in contemporary business-with the result that it has gone from a product line that was once all but shunned to one which today is being sought after by underwriters, brokers and agents as a niche product. While the profit potential is clear, the risk of exponential loss can be rampant for insurers and lawyers that are not up-to-date on the latest developments.

D&O insurance, in particular, presents an enormous challenge in today's professional liability insurance market. With D&O insurers paying an average of $5.6 million per claim over the past year-not to mention defense costs of $543,000-it is imperative that insurance executives, brokers underwriters, claims managers, corporate counsel, risk managers and litigators are equipped to overcome the many hurdles in this rocky terrain.

American Conference Institute's Professional Liability event brought together an outstanding panel of the top insurance industry executives, in-house counsel, judges active in professional liability cases, leading professional liability attorneys, SEC representatives and risk management professionals who will provide you with invaluable information and their insights critical new developments in professional and D&O liability.

If you are involved in the professional or D&O liability arena, this publication will provide you with all the information you need to succeed in

Contents & Contributors

About

As the global economy continues to move in a service-oriented direction, an ever-increasing number of occupations are becoming specialized service providers. Professional liability is now a reality that cannot be ignored in contemporary business-with the result that it has gone from a product line that was once all but shunned to one which today is being sought after by underwriters, brokers and agents as a niche product. While the profit potential is clear, the risk of exponential loss can be rampant for insurers and lawyers that are not up-to-date on the latest developments.

D&O insurance, in particular, presents an enormous challenge in today's professional liability insurance market. With D&O insurers paying an average of $5.6 million per claim over the past year-not to mention defense costs of $543,000-it is imperative that insurance executives, brokers underwriters, claims managers, corporate counsel, risk managers and litigators are equipped to overcome the many hurdles in this rocky terrain.

American Conference Institute's Professional Liability event brought together an outstanding panel of the top insurance industry executives, in-house counsel, judges active in professional liability cases, leading professional liability attorneys, SEC representatives and risk management professionals who will provide you with invaluable information and their insights critical new developments in professional and D&O liability.

If you are involved in the professional or D&O liability arena, this publication will provide you with all the information you need to succeed in

Contents & Contributors


IMPROVING YOUR COMPETATIVE ADVANTAGE, MINIMIZING EXPOSURES AND MAXIMIZING PROFITABILITY
Lucy Ann Galioto, National Union Fire Insurance Company

EMPLOYMENT LAW BEHIND ENEMY LINES: THE PLAINTIFF'S PERSPECTIVE
Stephen H. Kahn, Kahn Opton

MAXIMIZING REINSURANCE COVERAGE IN A CHANGING MARKET
Sean Whelan, Willis Re

LEGAL MALPRACTICE: IS THE STANDARD FOR ESTABLISHING LIABILITY IN A TRANSACTIONAL SETTING DIFFERENT FROM THE STANDARD USED IN ESTABLISHING LIABILITY IN A LITIGATION SETTING?
H. Robert Fiebach, Cozen O'Connor
John P. Johnson, Jr, Cozen O'Connor

D&O POLICY COMMENTARY
Dan A. Bailey, Bailey Cavalieri LLC

ONE PERSPECTIVE ON THE CURRENT STATE OF DIRECTORS AND OFFICERS INSURANCE IN 2004
Michael W. Early, Chicago Underwriting Group Inc.

THE NEW RULES OF RESCISSION
Daniel Aronowitz, Shaw Pittman LLP

HOW TO AVOID RESCISSION OF DIRECTORS' AND OFFICERS' POLICIES
Steven R. Smith, Bryan Cave LLP

THE DISTORTING IMPACT OF D&O LIABILITY INSURANCE ON SECURITIES ENFORCEMENT ACTIONS
Aegis J. Frumento, Duane Morris LLP

THE D&O INSURANCE AUDIT: ARE YOU GETTING WHAT YOU PAID FOR?
Timothy W. Burns, Jenner & Block LLP



DOCUMENT TYPES: PRESENTATIONS AVAILABLE: 0