A.M.BestTV: The Unique Risk Exposures of Private Companies

OLDWICK, N.J.--(BUSINESS WIRE)-- In this episode of A.M.BestTV, experts on coverage for private companies discuss risk issues faced by insurers that write directors and officers (D&O) policies, employment practices and related covers. Click on http://www.ambest.com/v.asp?v=private815 to view the video program.

Private companies’ D&O exposures continue to evolve along with the regulation and litigation landscapes. Insurers are adapting to trends private companies are facing from frequency and severity perspectives. With this evolution agents, brokers and risk managers should know about risk and coverage issues in D&O employment practices, security and privacy.

“One of the things that is challenging in this environment is loss costs,” said Beth Goldberg, head of middle market at Zurich North America. “These long-tail lines of insurance and loss costs continue to trend upward, as these claims take longer and longer to resolve.”

“Businesses are very aware of the current litigious state of the country, making them exposed to various different claims,” said Janet Dreifuss, associate general counsel and senior claims counsel at ARC Excess & Surplus, LLC. “Since claims can be filed by vendors, suppliers, employees, other companies and regulator industries, private companies have to make sure that they have sufficient coverage to cover their exposures.”

Other people who appear in this episode include:

• Heidi Roberts, area vice president, A.J. Gallagher; and
• Wendy Melik, shareholder, Jackson Lewis LLP.

Recent episodes of A.M.BestTV include:

• Actuaries: Consider The Reasons When Forming a Captive: The final day of the annual Vermont Captive Insurance Association Conference, a panel of actuaries reviews the path from idea to captive start-up, including why sponsors might consider captives and it sometimes may not be the correct solution: http://www.ambest.com/v.asp?v=vcia3815.

• Captive Regulators Worry About Other Regulators: The second day of the annual Vermont Captive Insurance Association Conference, regulators say mounting layers of regulation are making it more difficult for them to oversee their own captive domiciles: http://www.ambest.com/v.asp?v=vcia2815.
• Captive Insurance Panel: Domicile Growth, Regulation Add Complexity: The first day of the annual Vermont Captive Insurance Association Conference, a captive insurance panel discusses the current state of captive insurance companies, including developments in regulation and tax considerations: http://www.ambest.com/v.asp?v=vcia1815.
• Captives Results Outperform Overall Industry But Reveal Surprises: A new special report and webinar from A.M. Best that reviews financial results, risk issues and business developments ahead of the annual Vermont Captive Insurance Association Conference in Vermont: http://www.ambest.com/v.asp?v=cappanel15.

A.M.BestTV covers exclusive A.M. Best information and reports, targeted topics and key developments in the (re)insurance industry every Monday, Wednesday and Friday. Sign up for alerts of episodes at http://www.ambest.com/multimedia/ambtvsignup.html. View A.M.BestTV episodes at http://www.ambest.tv.

A.M. Best Company is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2015 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150817006114/en/

A.M. Best Company
Lee McDonald, (908) 439-2200, ext. 5561
Group Vice President, Publication and News Services
[email protected]

Source: A.M. Best Company

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