D&O

February 7, 2023

All Risk is Connected. Every risk is potentially an enterprise risk, a reputation risk, and a source of securities fraud.

All risk is connected. As in Dirk Gently’s world, everything in the risk world is now connected, but without the humor of Douglas Adams. The consequences of operational perils between and among employees—the sorts of things that might have triggered coverage with Employment Practice Liability insurance, is now a matter for derivative litigation and the SEC.

October 13, 2022

Effective defense of oversight claim. An insurance-authenticated thoughtful and dutiful risk strategy over all that is mission-critical.

You can never completely prevent litigation over liability due to oversight issues. That being said, steps can be taken to help better defend against these suits, including successfully moving to dismiss, reducing settlement values even after an unsuccessful motion to dismiss, and perhaps even a successful defense at trial, if necessary.

September 19, 2022

Risk velocity and complexity silver bullet. “The bottom line, said Kossovsky, is that firms… (should expect) that enterprise-level risks will pop up at a moment's notice.”

Silver Bullet for Increasing Risk Velocity and Complexity. During the first six months of 2022, risk velocity and complexity grew, according to a new report from Origami Risk […] Firms need […] to assess, prioritize and develop tactical risk mitigation plans — such as a reputation risk leadership committee — under an overarching strategic plan …

September 19, 2022 Read More

September 14, 2022

NACD Summit ESG Beast. Effective risk management and governance, validated by insurance, forestalls regulators, litigators, and activists.

NACD Summit ESG Beast. Effective risk management and governance of ethics, compliance, ESG, and reputation risks, validated by insurance, forestalls regulators, litigators, and activists. In this workshop, Steel City Re CEO Nir Kossovsky conveys the nuts & bolts of an enterprise reputation risk management apparatus, and the governance, leadership, controls and insurances therein. Directors will …

September 14, 2022 Read More

September 13, 2022

Road to reputation resilience. Combining the marketing, risk and legal forces will put companies in the best position to withstand today’s volatile social climate.

Road to Reputation Resilience. In this era of stakeholder capitalism, corporate engagement on controversial social issues, wars, pandemics, and vague or aspirational environmental, social and governance (ESG) goals driving investor decisions, “reputation management” is incomplete without “reputation risk management” and, increasingly, legal compliance. Marketers cannot do it alone. Click on the image above to read …

September 13, 2022 Read More

September 12, 2022

Reputation and ESG insurances are how boards can signal to investors and the courts (and regulators) that their governance processes are effective.

Ethics Compliance Management Governance. An effective management process for [ethics, compliance, ESG risk, reputation risk…] creates value with regulators. An effective governance process creates value with investors and the courts. Auditors’ reports on controls are how boards can signal to regulators that their management processes are effective. Reputation and ESG insurances are how boards can …

September 12, 2022 Read More

September 11, 2022

“Demand for environmental, social and corporate governance (ESG)-reputational risk insurance is surging.”

Surging Demand for ESG Risk Insurance. Demand for environmental, social and corporate governance (ESG)-reputational risk insurance is surging, but, according to Nir Kossovsky (pictured), chief executive officer of Steel City Re, there is a lack of capital available. Parametric ESG-linked reputation insurance is as vital today as D&O insurance. Click on the image above to …

September 11, 2022 Read More