It has never been more important for businesses to have strong relationships with their insurance carriers. That is what we hear in the world of insurance today, and it is one of the major themes of our latest issue of Corporate Policyholder magazine, a publication of the Barnes & Thornburg Insurance Recovery and Counseling Practice Group. In this issue, we provide corporate policyholders with valuable knowledge that will help them take on the complicated process of shifting risk off their balance sheets and onto those of their insurers.
We'll be publishing articles from the magazine on our Insurance Recovery blog, Policyholder Protection, over the next several weeks. Meanwhile, check out the digital edition:
Here are a few highlights from this issue:
by John P. Fischer
Even if you do everything right when tendering a lawsuit to your liability carrier, a multitude of disputes may still arise that can affect whether you maintain control over the defense and settlement strategy and decisions, and whether the carrier pays the full amount of defense costs and a settlement of the lawsuit. Here are nine of the most frequent issues that arise after a carrier has acknowledged its duty to defend, all of which require the prompt attention of your risk manager, general counsel or outside coverage counsel. Read More
by Carrie Marie Raver
Ransomware is a form of electronic kidnapping. Typically, cybercriminals use malicious software to gain access to your company’s computer systems or files and block user access. Hackers hold the systems or files hostage using encryption until the victim organization pays a ransom in exchange for the encryption key. Why should companies be concerned about this risk? Because the frequency and severity of these attacks are on the rise. Read More
When CBRE General Counsel Laurence Midler took over risk management for the commercial real estate giant 12 years ago, the field was brand new to him. But as the company swelled from $1.5 billion to $20 billion in revenue, Midler grew right along with it, developing a deep understanding of compliance, enterprise risk management and insurance. Corporate Policyholder asked Midler about how CBRE handles the insurance recovery process. Read More