The Precipice Episode 2

Laptop Image Pexels Blog Photo

Introducing “The Precipice,” the podcast series dedicated to illuminating the horizon of management and professional liability. Featuring conversations with professional liability claims and underwriting executives, experts, ethicists, and leading lawyers involved in the prosecution and defense of management and professional liability claims, each episode offers a deep dive into the what is in view, what’s around the corner, and what is looming on the horizon with regard to management and professional liability risks. From risks presented by rapidly emerging technological advancements shaping how we live our lives and interact with professionals, to evolving expectations of the roles and responsibility of management and liability professionals, to changing social mores and shifting legal landscapes, we will offer provocative discussions regarding what’s next, and offer listeners proactive strategies for managing these emerging risks, and defending the coming claims.

Episode 2 of The Precipice explores the rapidly evolving and expanding cyber liability risks we face, how these constantly evolving risks are impacting society at large, the mind-boggling costs of dealing with the impacts of cyber-crime, and how the volatile risk exposure presented is being addressed by the cyber insurance community.  In the course of a thoughtful and illuminating discussion of where this is all heading with two leading national cyber liability experts, listeners will be provided with insights on the history and evolution of cyber coverage.  They will also be provided with an insider’s view on how cyber underwriting and coverages are responding to the continuing evolution and  ever growing scale of the risks.  And they will be offered guidance on what can be done to try to manage and mitigate the risk, along with a peek into the future regarding where we can anticipate things moving both with respect to the nature of the risk and the insurance options that will be available to address it, in the years ahead.

You can listen to the podcast episode above or for easy access on the go, listen to the podcast on the PLUS Connect App.

Featured on This Episode
Host
Peter Biging
Partner Goldberg Segalla LLP
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 work as a litigator includes defending a variety of financial service professionals, including insurance agents and brokers, investment advisers, accountants, broker-dealers and their registered representatives. He also regularly represents lawyers, real estate and title agents, and a variety of 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. Peter is widely recognized as an authority on D&O, management and professional liability, E&O, EPL, and professional liability coverage issues. In addition to regularly writing and presenting to national audiences on these topics, he is active in a number of organizations devoted to the education and development of lawyers involved in management & professional liability defense work, including his current role as a member of the Board of the Professional Liability Defense Federation (PLDF) (for which he currently serves as president-elect), various posts within the American Bar Association’s Tort, Trial & Insurance Practice Section (TIPS) (including Chair of the Editorial Board of The Brief, the TIPS flagship magazine), and his active participation in the Professional Liability Underwriting Society (PLUS), and the Claim and Litigation Management Alliance (CLM), for whom he has written numerous articles, given numerous presentations, and served on several committees. He is regularly recognized as a New York metro area Super Lawyer in Professional Liability Defense, is AV rated by Martindale Hubbell as having the highest levels of skill and integrity, and has been selected a Top 100 Bet the Company Litigator.
Guest
Kelly Geary
Managing Principal EPIC Insurance Brokers & Consultants
Kelly Geary is a Managing Principal with EPIC Insurance Brokers and Consultants based in the New York City area. She serves as the National Practice Leader for Professional, Executive & Cyber Solutions. Kelly also serves as the Divisional Leader for Lemme, a Division of EPIC Kelly has spent approximately 30 years in the insurance industry. She began her career as an insurance defense and coverage attorney in the professional lines space in New York City. After private practice, Kelly held positions within the claims, underwriting, compliance and legal departments at various NYC based insurance carriers with a focus on professional, specialty and financial lines insurance products. Kelly also served on the Executive Leadership Team for a Specialty Lines Division of a larger insurance carrier. While on the carrier side, Kelly acquired significant experience evaluating cyber and executive risks and developing insurance products to address those risks. Kelly is actively involved in the evaluation, analysis, and negotiation of insurance products tailored to address operational, management and cyber risks and exposures to firms and companies of all sizes, across all industry segments. In addition, Kelly provides risk management counseling, policy and contract evaluation services and claim advocacy to professional service, consulting and financial firms as well as large public and private companies in varying industry verticals. She is licensed to practice law in the State of New York and is certified by the International Association of Privacy Professionals as a U.S. Information Privacy Professional (CIPP/US). Kelly also serves on the Executive Council and a Faculty Member of the Claims Litigation Management Alliance Claims College, School of Cyber. Students of the School of Cyber are claims professionals from major insurance carriers offering cyber insurance products. Kelly is involved in creating standards and best practices in the handling of cyber claims in connection with stand-alone cyber as well as cyber coverage contained within other insurance products. Kelly is also a certified Cyber Claims Professional (CCP) and Advance Claims Professional (ACP).
Guest
Nick Spano
US Product Leader Turnkey Reinsurance Beazley
With 18 years of experience in Professional Liability, Nick has participated in the development, execution, growth and maintenance of insurance products and programs nationwide in a variety of industires. As an industry leading global reinsurer, Beazley's Product Solutions division enables insurance providers across the globe to expand their product offerings to include specialty covers like Cyber Liability, EPLI, Environmental, and Workplace Violence. Nick is a 2005 graduate from the University of Illinois at Urbana Champaign and is an active member of PLUS and the Professional Liability Defense Federation.
Episode #

2

Month

May

Year

2024

Business Line

Cyber Liability

Topic

Professional Liability (PL) Insurance

Contribute to the

PLUS Blog

Contribute your thoughts to the PLUS Membership consisting of 38,000+ Professional Liability Practitioners.