Risk Management Archives

Offshore Wind Power Initiatives with Jack Smith
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Offshore Wind Power Initiatives with Jack Smith

Offshore Wind Power Initiatives with Jack Smith

July 7th, 2021|Categories: Complex Business Litigation, ELP, Environmental Torts, HB Risk Notes, News|Tags: Energy & Natural Resources, environmental law, Pollution, regulations, Risk Management|

Offshore Wind Power Initiatives with Jack Smith Joining me to discuss this important subject is Jack Smith, a partner with Nelson Mullins in Charleston, South Carolina. Jack's practice includes hazardous waste site management and remediation, contaminated property liability negotiation, litigation, redevelopment and related regulatory counseling. He has also worked for several state and federal government environmental agencies. Jack earned his JD from the University of South Carolina School of Law and a BS in Psychology, also from the University of South Carolina. This podcast is the audio companion to the Journal on Emerging Issues in Litigation, a collaborative project between HB Litigation Conferences and the Fastcase legal research family, which includes Full Court Press, Law Street Media, Docket Alarm and, most recently, Judicata. If you have comments or wish to participate in one our projects, or want to tell me how insightful and informative Jack is, please drop me a note at Editor@LitigationConferences.com. This interview is based in part on an article Jack is writing for the Journal. I hope you enjoy the interview, and especially my solution for preventing birds from flying into windmills. I'm going to be rich. --Tom Hagy President Biden has called for the doubling of offshore wind energy capacity by 2030. To say the process for getting such projects up and running is complex is an understatement. There will be plenty of obstacles to the administration's lofty [...]

Vince Vitkowsky on Insurance Coverage for Civil Unrest
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Vince Vitkowsky on Insurance Coverage for Civil Unrest

Vince Vitkowsky on Insurance Coverage for Civil Unrest

April 20th, 2021|Categories: Complex Business Litigation, ELP, Insurance, News|Tags: Business Interruption, Insurance Companies, Liability Claims, Property and Casualty, Risk Management|

Vince Vitkowsky on Insurance Coverage for Civil Unrest Civil unrest. Peaceful protests. Massive marches. Riots. Looting. Which of these things are not like the other? Recent social outrage over police shootings of Black people -- these events in particular -- have sent people to the streets by hundreds of thousands. In some cases these constitutionally protected activities are followed by property damage, injury and death. Observers continue to debate who is responsible for the violence. Whatever the answer, as a very practical matter, someone has to pay for the property damage. Join me for my conversation with Vince Vitkowsky of Gfeller Laurie LLP. Vince possesses deep knowledge of insurance coverage matters, representing carriers in a variety of areas, e.g. cyber risk, data privacy, general liability, directors and officers liability, health, and more. He combines his experience as a veteran insurance and reinsurance lawyer with a strong background in terrorism and national security law. This podcast is the audio companion to the Journal on Emerging Issues in Litigation, a collaborative project between HB Litigation Conferences and the Fastcase legal research family, which includes Full Court Press, Law Street Media, Docket Alarm and, most recently, Judicata. If you have comments or wish to participate in one our projects, or want to tell me how insightful and informative Vince is , please drop me a note at Editor@LitigationConferences.com. I hope you enjoy the [...]

Charlie Kingdollar on Emerging Issues Facing the Property & Casualty Insurance Industry
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Charlie Kingdollar on Emerging Issues Facing the Property & Casualty Insurance Industry

Charlie Kingdollar on Emerging Issues Facing the Property & Casualty Insurance Industry

March 17th, 2021|Categories: Complex Business Litigation, HB Tort Notes, Insurance, News|Tags: emerging litigation, insurance, Insurance Companies, Property and Casualty, Risk Management|

Emerging Issues Facing the Property & Casualty Insurance Industry: What Has, What Is, What Will Be Charlie Kingdollar was Emerging Issues Officer for GenRe where he worked for 40 years, much of which was spent monitoring hundreds of new risks at any given time. In this article, Charlie discusses risks that have long-since emerged but continue today, risks that are starting to reveal themselves, and risks just starting to appear on the horizon. Read or download his article published in the latest issue of the Journal on Emerging Issues in Litigation.

Assessing Risk in Medical Malpractice Mediation
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Assessing Risk in Medical Malpractice Mediation

Assessing Risk in Medical Malpractice Mediation

December 5th, 2020|Categories: Complex Business Litigation, Insurance, Torts-On-Demand-CLE|Tags: Alternative Dispute Resolution (ADR), Arbitration, Claims management, Insurance Companies, Mediation, medical malpractice, Risk Management|

HB Litigation Conferences presents Assessing Risk in Medical Malpractice Mediation CLE-eligible on demand webinar | Recorded 2021 Lawyers and claims professionals assess litigation outcomes all the time. The parties do not. You can help. Understandably, parties in medical malpractice disputes do not fully appreciate the risks inherent in litigation and are not aware of how continued litigation affects their underlying interests in the dispute. For example, some parties see the outcome as a reflection of their personal character. These challenges can hamper the parties' ability to make good decisions in litigated medical malpractice cases. Even organizations that are experienced in assessing litigation risk can make more decisions in these cases with adverse outcomes. Hear our panel of medical malpractice and insurance attorneys and litigation experts as they share their insights on successfully guiding individuals and organizations through these disputes. Registration Includes Nearly 90 minutes of insights from experienced professionals. CLE credit: 1+ (subject to bar rules). For CLE questions: CLE@LitigationConference.com The complete Power Point presentation. Continued access to the complete recording for later use. Answers to your questions via email to the presenters or write to HB and we will be sure to contact the speakers. REGISTRATION Key Points What are the intangible costs of medical malpractice litigation for individuals and [...]

Podcast: Charlie Kingdollar on Social Disparagement
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Podcast: Charlie Kingdollar on Social Disparagement

Podcast: Charlie Kingdollar on Social Disparagement

October 15th, 2020|Categories: Business Litigation, HB Risk Notes, Insurance, News|Tags: emerging litigation, insurance, professional liability, Risk Management, social media|

HBLC · HBPC Charlie Kingdollar Social Disparagement - 10:8:20, 7.57 PM Charlie Kingdollar spent more than four decades with General Reinsurance, three-quarters of which as the company's Emerging Issues Officer. One colleague described him as "one of the most prescient and gifted industry futurists I have met in my 36 year professional career within the insurance industry. Entertaining and insightful, his ability to digest and communicate complex issues, many before they are readily apparent, is both a gift and a talent." Follow him on LinkedIn. Charlie Kingdollar on Social Media Disparagement Are the risks posed by social media -- which has added jet fuel to one person's ability to smear another -- adequately addressed by the insurance market? It was my pleasure to interview Charlie for our first emerging issues podcast. It's based on his article on social disparagement which will be featured in the inaugural issue of the Journal on Emerging Issues in Litigation (JEIL), which will release in January 2021. JEIL is a collaborative project between HB and the Fastcase legal research family, which includes Full Court Press, Law Street Media, Docket Alarm and, most recently, Judicata. If you have comments or wish to participate in one our projects, or want to tell me how awesome Charlie is, drop me a note at [...]

Organizational Values & Coronavirus Business Risks | Join Our Webinar June 18
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Organizational Values & Coronavirus Business Risks | Join Our Webinar June 18

Organizational Values & Coronavirus Business Risks | Join Our Webinar June 18

May 19th, 2020|Categories: Corporate Compliance, Employment, HB Risk Notes|Tags: compliance, COVID, employment law, regulations, Risk Management|

Webinar: June 18, 2020 2:00 pm ET 60 mins. CLE: 1+ Complimentary with registration. Get: +CLE +Materials +Recording +Answers! Also available to subscribers of the West LegalEdcenter. Register there! Email us your: Speaker questions CLE questions Speaker: Professor Edward L. Queen Ph.D. , J.D. Director Ethics and Servant Leadership: Emory Center for Ethics Emory University Organizational Values & Coronavirus Business Risks Properly Balancing Stakeholder Concerns Thursday, June 18, 2020 | 2pm ET | 1pm CT | 12pm MT | 11am PT The pandemic brings with it complex liability concerns, stakeholder demands and legal duties. We will take a closer look. The current pandemic confronts businesses, nonprofit organizations, governments, and the legal profession with innumerable ethical challenges. Management issues and liability concerns, stakeholder demands and legal duties become even more complex in an environment of uncertainty and one where the consequences could result in serious illness or even death. This program seeks to engage the participants in thinking through these challenges and developing processes of ethical response to them. Managers must acknowledge and address the framework of fear associated with the pandemic, ranging from fear of contagion and death to fears of unemployment, child care, and the duties of home-schooling. Additionally, as the economy reopens there must be serious attention to the [...]

Setting the record straight on cyber insurance claim denials and the ‘war exclusion’

July 22nd, 2019|Categories: HB Risk Notes, Insurance, Technology Law|Tags: cybersecurity, data breach, insurance, Risk Management, Technology Law|

Is insurance coverage for cyber claims barred by a war exclusion? Judy Selby and Peter McLaughlin asked this question in a recent post for IAPP. Two corporate giants, Mondelez International and Merck, made the headlines recently as they sustained serious damage as a result of a NotPetya infection, an encrypting ransomware. They have each filed declaratory judgments after their carriers denied their claims. Reports of these insurance disputes have led to concerns that cyber incidents involving state actors would not be covered by cyber policies with war exclusions. The Verizon 2019 Data Breach Investigations Report attributes 23% of breaches to nation-states or state-affiliated players. "These state-sponsored attacks typically range from theft or espionage to financial gain; however, some attacks appear to have been driven by grudge or by swatting a neighbor," Selby and McLaughlin write. "[P]erhaps we are viewing this through an old lens. Insurance has often been purchased to address hazards. Specifically, an organization obtains a policy to counter the slim risk of a fire, flood or other catastrophe. Fred Kaplan wrote an article for Slate in April in which he argues the inevitability of attacks – state-sponsored or otherwise – means that we should view cyber insurance more like we do health insurance: coverage against the inevitable, rather than against a hazard risk." Read on for what else Selby [...]

Cyber Captive Survey 2019 — AON

June 26th, 2019|Categories: HB Risk Notes, Insurance, Technology Law|Tags: cybersecurity, data breach, data privacy, Insurance Companies, Risk Management|

Aon’s Cyber Captive Survey 2019 says that the rapid growth in the captive market of cyber-specific policies underscores that cyber is one of the primary risks for organizations across the world driven by an increasingly complex operational, technological and regulatory environment. Key findings include: Healthcare and energy industries are leading the way, with 19% and 15% of organizations in these industries utilizing captives for cyber coverage respectively. 41% of captives surveyed are incubating cyber risk. The range in limits of cover taken out is up to USD$100 million. An estimated 34% of all captives will be writing cyber in five years’ time. Read the complete report here!

CannaLawBlog — Legalizing Cannabis Cash

June 5th, 2019|Categories: Complex Business Litigation, HB Risk Notes, Law Firm Operations|Tags: Banking & Finance, cannabis, compliance, regulations, Risk Management|

On May 20, 2019 banking associations from all 50 states and 1 territory sent a letter to Senate Banking, Housing, and Urban Affairs Committee urging them to conduct hearings on the merits of providing cannabis-related business access to banking services. CannaLawBlog highlighted the primary concerns of the letter in a recent post: "Again, the primary concern expressed was that current law forces state-legal businesses to operate on a cash basis, which poses a safety risk, complicates enforcement efforts, and could damage local economies." The banking associations wanted to emphasize their neutrality on the legality of cannabis, rather they wanted to show strength as a national community and validate, support, and respect those communities that have voted for legalized recreational marijuana. Read the complete post by HarrisBricken attorney Jihee Ahn on The CannaLawBlog.

Top Five Things to Know if You’re Building Your Cannabis Empire Through M&A — CannaLawBlog

May 7th, 2019|Categories: Complex Business Litigation, Corporate Compliance, HB Risk Notes|Tags: cannabis, compliance, Corporate & Securities, mergers acquisitions, Risk Management|

Cannabis is associated with calm. Joining the industry is anything but. Hilary Bricken already has nearly a decade of experience in the field of cannabis law. She founded the Canna Law Blog in 2010, which now has several contributors from the Harris Bricken firm and is easily one of the best out there. Her latest post offers insights on companies who wish to build their cannabis business through mergers and acquisitions. In her May 6 post, titled "Top Five Things to Know if You're Building Your Cannabis Empire Through M&A," she writes: "It’s no secret that multiple state-by-state operators are building their cannabis empires through aggressive mergers and acquisitions. Last year, our cannabis business attorneys closed more than $100 million in cannabis company acquisitions, and that shows no signs of stopping in 2019. Cannabis M&A is not your run-of-the-mill business dealing though, and working from boilerplate, rote M&A documents is hugely dangerous. In addition, diligence is oftentimes like a regulatory spiderweb laden with liabilities that other businesses do not face. In addition, the barriers to entry in the cannabis industry are increasingly high, tedious, and protectionist, which can really torture business deals." Bricken writes that "if you find yourself turning into a larger multi-state operator though acquiring cannabis businesses," there are at least five things you should know. Read on for what she has to [...]

Moving Your Corporate Data to the Cloud: Top 13 Things to Think About as you Review Your Hosting Agreement — Judy Selby Consulting

May 6th, 2019|Categories: HB Risk Notes, Insurance, Technology Law|Tags: data breach, data privacy, Duty to Indemnify, Insurance Companies, Risk Management|

Some data migration risks can be mitigated at the cloud contract stage, Allison Bird, Judy Selby’s partner at Clearview Privacy Consulting LLC, explains. Regarding indemnification, Bird says, "If data is lost or exposed by the hosting company, your company as well as any affiliates who use the services will be subject to suits from clients and individuals whose data was impacted. You may also be subject to regulatory scrutiny which could result in legal costs and regulatory penalties. To the extent possible, negotiate a full indemnification of third party claims arising out of the hosting services." She says the limitation of liability section of your hosting agreement "may be the single most important" part. "Your hosting company may make a lot of promises in the agreement. However, if their liability under the agreement is significantly capped, you won’t receive the monetary compensation necessary to make up for hosting company’s acts and omissions that damage the company. Negotiations for a higher cap will translate into real dollars in the event of a security incident." Of course, insurance is always a good solution if done right. "You can negotiate the perfect contract but unless your hosting company has a deep pocket, it may not have sufficient capital to make good on contractual obligations in the event of a breach or data loss situation, especially [...]

Cyber Risks Enter a New and Increasingly Vicious Phase

October 31st, 2018|Categories: Complex Business Litigation, HB Risk Notes, Technology Law|Tags: Business Interruption, cybersecurity, data breach, Directors & Officers, Risk Management|

For anyone plotting the evolution of cyber risks, the last phase of cyber-attacks was dominated by breaches that resulted in lost or stolen personal or financial data that could then be monetized. The current phase is different. “We have observed a significant increase in the number of disruptive breaches that our clients are dealing with,” says Charles Carmakal, Vice President at Mandiant/FireEye. “These involve destruction, extortion, or public shaming.” How are organizations dealing with this shift? “It’s catching many organizations off guard. Most don’t have a playbook for dealing with extortion,” Carmakal says. “While they may have thought about a ransomware situation, that’s different from the more common type of extortion we are seeing these days, where a threat actor threatens C-level executives or corporate board members with the release of sensitive information.” “Many organizations assume the default is they wouldn’t give into the demands, but when in the middle of a crisis too often the decision is made to pay the threat actors,” he says. “So it’s important to consider what your organization will do in this situation. For example, who will be involved in the decision-making process? Organizations should play out an extortion scenario so they have a plan when faced with real demands.” How can organizations better test the efficacy of their security capabilities? Many organizations conduct penetration [...]