With brokers being viewed more and more as specialized experts, they are facing a host of risks, including traditional E&O risks arising out of failures to procure coverages that precisely address new and evolving risks, and/or failure to advise regarding insurance options, coverages and limits. Brokers are also facing risks presented by expanding notions of the universe of individuals and entities to whom they owe duties of care, risks presented by the provision of services by remote workers, and risks presented by their own utilization of technology to provide services and run their businesses. This webinar discussed the evolving risk environment including natural disasters, cybercrime, and ESG, as well as the standard and emerging E&O risks that Agents/Brokers should be aware of and possible ways to avoid or mitigate these risks.
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Meet the Moderator and Speakers
Peter Biging is an accomplished trial and appellate attorney with more than 30 years of experience as a litigator in the state and federal courts of New York. His practice focuses on litigation involving directors and officers, financial institutions and defense of management and professional liability claims, including the defense of a variety of professionals against errors and omissions claims, labor and employment practices litigation, commercial litigation, municipal liability litigation, and professional liability coverage work.
His E&O work includes defending insurance agents and brokers, securities brokers, lawyers, and miscellaneous professionals. Peter regularly handles complex, high-stakes commercial litigations and claims involving allegations of fraud or malfeasance, as well as litigations of non-solicitation/non-compete disputes. A partner in the firm’s Manhattan offices, he heads up the Goldberg Segalla metro area Management and Professional Liability practice, and is Co-Chair of the M&PL practice group nationally.
For over a decade, Lisa Doherty, Founder and CEO of Business Risk Partners (BRP), has assembled a group of talented, motivated, and experienced individuals to create a successful specialty insurance underwriting firm.
In 2000, Lisa and her sister, Linda Boborodea, launched BRP, a national program administrator providing specialty insurance coverage to businesses. BRP underwrites on behalf of several major carriers, providing specialty insurance products including E&O, D&O, EPLI, Cyber and fidelity coverages. Since its inception, Lisa has led BRP in the development of an extensive, distribution network, including national endorsements within industry associations. Lisa’s commitment to technology has allowed BRP to develop a national portfolio of small/middle market commercial insurance buyers by providing excellent service and real-time information for decision-making.
Lisa began her insurance career as a Specialty Insurance Underwriter with AIG in New York City, then spent several years a D&O Underwriter at Executive Risk and moved west to run the Pacific Northwest FINPRO practice of Marsh. She returned to the east coast to develop Executive Risk’s international operations. She left Executive Risk to start BRP.
Ken Fall is Chief Litigation Counsel for Marsh globally. Ken joined Marsh in 2002 as Litigation Counsel, and became Senior Litigation and Government Relations Counsel in 2008. Ken later was named Chief Government Relations Counsel in 2013, and was asked to serve in his current role beginning in in 2016.
During his time at Marsh, Ken also has provided support to the Companys Board of Directors and assisted with regulatory and international trade sanctions issues. For a number of years, Ken also served as Marshs representative to the Council of Insurance Agents & Brokers. Ken has been published and spoken to internal and external panels about litigation, errors and omissions, and risk management issues. Prior to his time at Marsh, Ken worked as a Litigation Associate for Hughes Hubbard & Reed, primarily specializing in insurance coverage litigation.
Christopher Murray is Vice President and Assistant General Counsel at USI Inc. He has been the litigation officer for USI since 2014.
Prior to that Mr. Murray was Claims Counsel for the Construction Risk Management Group at AIG. Mr. Murray began his career as an Assistant Corporation Counsel for the City of New York where he held positions as Senior Trial Counsel and Assistant Chief. He has tried numerous cases and argued appeals in New York as both a staff attorney and outside counsel.
He has also appeared pro hac vice in numerous jurisdictions representing parties in mass torts. Mr. Murray was a member of the New York County Bar Association Ethics Committee and has lectured on litigation management, trial tactics and insurance coverage issues.
News Type
PLUS Blog
Business Line
Errors and Omissions (E&O)
Topic
Professional Liability (PL) Insurance
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