Podcasts & Webinars
Alleviating Allocation Anxiety for Your Next D&O Matter
Insurance Coverage Master Class
| Date: | June 6, 2023 | 1:00 p.m. ET |
| Location: | Virtual |
Joseph Stafford (Partner-Chicago, IL) and Daniel Tranen (Partner-St. Louis, MO) launch Wilson Elser’s 2023 Insurance Coverage Master Class Series with “Alleviating Allocation Anxiety for Your Next D&O Matter” on June 6, 2023. Directors and officers are keenly aware that they face an increasing risk to their personal assets, and often look to their company’s D&O insurance to provide broad coverage. However, it is important to recognize that D&O policies are not issued on standard forms and the coverage extended can differ in many significant ways. Joe and Dan will provide an overview of D&O insurance and the types of claims and lawsuits commonly filed in the United States, followed by a discussion of the allocation provision in theory and in practice. They will explain how allocation should be evaluated, analyzed and addressed in regard to claims and lawsuits that involve mixed covered versus non-covered insureds or claims, including but not limited to (1) the threshold issues of insurance coverage; (2) which coverage sections of insurance may be called on to respond to claims; (3) what exclusions and/or provisions may serve as a basis for allocation; (4) what procedures should be followed to adequately and appropriately seek an allocation; (5) what language may be necessary in a coverage letter issued to the insured; and (6) the defense/settlement strategies the insurance professional should consider.
CLE Credit is available in California, Connecticut, Illinois, New Jersey and New York.