Exploring Insights from the PLUS Symposium Series 2024

The Professional Liability Underwriting Society (PLUS) recently convened its much-anticipated Symposium Series at the Marriott Marquis Times Square in New York City. This annual gathering, comprising four distinct educational events over a span of three days, delved into critical topics such as Directors and Officers (D&O) Liability, Cyber Liability, Employment Practices Liability (EPL), and Transactional Risk.

Drawing a crowd of over 2,100 PLUS members from across 34 states and spanning more than 12 countries, this year’s Symposium Series was a testament to the growing interest and importance of thought-leadership, networking, and continuing education in professional liability.

The Symposium Series events kicked off with Employment Practices Liability Symposium and Transactional Risk Symposium on February 4th. Each half-day event focused on their professional lines with 3 sessions presented by industry thought leaders.

• EPL Symposium had sessions discussing risk assessment, nuclear verdicts, EPL trends, and EPL strategies for identifying and resolving claims.
• Transactional Risk Symposium discussed an update of current R&W claim metrics, claim trends, and coverage innovation.

Continuing the momentum, February 5th & 6th saw the Cyber Symposium and D&O Symposium take center stage.

• Attendees at the Cyber Symposium enjoyed thought-provoking sessions on the state of the current cyber market, AI and data privacy, the intersection of cyber and tech E&O, and more!
• The D&O Symposium sessions discussed the state of the D&O market, D&O liability exposures, D&O purchasers, AI risks, and securities litigation.

Throughout the Symposium Series, attendees had the opportunity to earn Continuing Education (CE) or Continuing Legal Education (CLE) credits, while also participating in networking receptions, fostering connections, and sharing experiences.

Although it presents a challenge to fully encapsulate the array of memorable moments from the Symposia, the highlight reel video and photo gallery adeptly capture the essence of the events of the day. You can view the video below.

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Future PLUS member, Jennifer Baily, of Lexington Specialty Insurance reflected on the event, highlighting it’s value in her post-event feedback. See her thoughts below:

“PLUS not only offers up insightful dialogue, but it’s a time and place to connect with your broker partners and make meaningful connections, as well as problem solve together. It is a wonderful opportunity to immerse yourself in the industry, especially with so many of us working remotely.”

“These types of engagements, like PLUS’s Cyber Symposium, are critical to continue to stay educated on what’s important, and it offers up important dialogue on new emerging risks, like Artificial Intelligence (AI).”

Jennifer also shared some key takeaways from the PLUS Cyber Symposium in a LinkedIn post. Here are just a few of her insights:

“Regulatory exposure is increasing, and the tails are longer. We must diversify our portfolios (geographically, revenue size, industry sector).”

“Intersection of Cyber and Tech E&O: Tech brings complexity to a risk; we really have to understand the impact from a financial loss standpoint. A Risk Discovery Call (broker & client) is so important to understand what coverages are needed.”

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Don’t miss the next PLUS Symposium — Healthcare & MedPL in Orlando, Florida May 8th-10th.

And check out our other upcoming PLUS events!