1:15 – 2:00pm
Nuclear Verdicts: Crashing Barriers of Sensibility?
With the count of $100 million+ verdicts on the rise, companies of all sizes are vulnerable to significant loss events. What is causing the increasing frequency of high severity losses? What are the implications for limits, coverage terms, and claims handling? For insurance buyers, what are the best strategies to avoid nuclear verdicts and what are best practices when a giant loss collides with your business plans? If you like this session, consider Advisen’s Big Nasty Claims Conference in Tribeca on Thurs Sept 19.
- Jonathon Drummond, Head of Casualty Broking, North America, Willis Towers Watson [Moderator]
- Tiger Joyce, President, ATRA
- Gregory S. Katz, New York Managing Partner, Lewis Brisbois
- Bob Shine, CUO Casualty, North America General Insurance, AIG
- Russell Smith, Senior Vice President, North America Casualty Claims Leader, Chubb
2:00pm – 2:45pm
General Liability – Is a Market Correction on the Horizon?
The liability crisis of the 1980s spawned ACE and XL, and it led to the introduction of claims-made liability policy. Advisen’s ADVx premium index now shows GL premiums beginning to creep up – is this too little too late? Are we at the precipice of a new liability crisis which could be equally disruptive? Our panelists will debate which corrective actions by insurers might impact rates, retentions, capacity, and availability. What are the implications for insurance buyers?
- Lori Seidenberg, Director, Global Real Assets Insurance, BlackRock Inc. [Moderator]
- Seth Gillston, EVP, Real Estate & Hospitality Practice Leader, M&A and Private Equity Practice Leader, Chubb
- Stephanie J. Hyde, Partner, Executive Director, PE-Risk
- Robert A. Mazzaro, Managing Director, Marsh
- Courtney Osborne, VP, Insurance & Risk Management, EL AD Group
2:45pm – 3:30pm
Mega-Loss Trends in Workers’ Compensation
The news around the workers’ compensation line has been very favorable lately. Frequency has continued to trend down, and with that so have rates. Industry combined ratios have also been holding below 100% for the last few years. However, a trend that is raising concern among payers is the rapidly rising cost of catastrophic injury claims. Some have seen individual claims approaching $40 million and losses in excess of $10 million are becoming more common.
In this session, the panel will discuss what the causes of mega-loss trends are and how those losses will ultimately impact industry pricing models.
- Mark Walls, VP Communications & Strategic Analysis, Safety National [Moderator]
- Thomas F. Ryan, Senior Principal, National Practice, Integrated Casualty Consulting, Willis Towers Watson
- Michael Choo, Chief Medical Officer/SVP, Paradigm
1:15 – 2:00pm
Blockchain for Blockheads: The Impact on Casualty Risk and Insurance?
Some advocates claim that blockchain technology will be as revolutionary and transformational as the internet itself. That remains to be seen, of course, but blockchain is impacting industries as diverse as shipping and financial services. Attendees will leave this session with a base understanding of blockchain, potential examples of blockchain in use, and applications to casualty insurance. What do carriers & risk managers need to know now?
- Jesse Paulson, Excess Casualty Leader, Marsh [Moderator]
- Cristina Dolan, Founder & CEO, InsideChains
- Greg Hoffnagle, Special Counsel, Cooley LLP
- Sonja Ochsenkuehn, Head of Global Programs, AXA XL
- Jeffrey Sharer, Senior Manager Advisory Services, Ernst & Young
2:00pm – 2:45pm
Form vs. Substance: Cyber Coverage Under Liability Policies
Four years after Sony’s epic battle for cyber coverage under their GL policy, misunderstanding and litigation remain common as buyers continue to look to their GL policy for protection. This panel will discuss information security and privacy coverages under a GL policy, and how a GL policy is likely to interact with a stand-alone cyber risk policy after a data breach.
- Stephen Hackenburg, Chief Broking Officer, National Casualty, Aon [Moderator]
- Elissa Doroff, Underwriting and Product Manager, Cyber and Technology, AXA XL
- Britt Eilhardt, Senior Vice President, Beecher Carlson
- Joseph Fobert, Executive Vice President, Excess Casualty, Major Accounts, Chubb
- Manuel Padilla, Director Risk Management, MacAndrews & Forbes Incorporated
2:45pm – 3:30pm
Sharing Risks & Responsibilities in the Gig Economy
It’s not business as usual when it comes to the shared economy. New business models and new relationships between employers and workers create new challenges for casualty insurers. With the definition of employee often uncertain, who is liable when something goes wrong? Where are the red flags for risk managers in this new employment paradigm? How will insurance-on-demand evolve?
- Chris Kopser, President of US Global Risk Management, AXA XL [Moderator]
- Tim Attia, CEO and Co-Founder, Slice Labs
- Curtis Scott, Vice President of Global Risk, Lyft
- Dennis Stefanitsis, Senior Manager for Risk Solutions, Airbnb