Current Events in Insurance Coverage — Reflections on ABA TIPS ICLC Meeting
The ABA Tort Trial & Insurance Practice Section’s Insurance Coverage Litigation Committee’s mid-year meeting is always a great opportunity to learn about emerging issues and recent developments in coverage law and to meet with leaders of the insurance industry and insurance coverage bar. This year’s meeting was no exception.
I attended the meeting, where I led a panel discussion on emerging issues in D&O and Professional Liability coverage law. The panel, made up of thought leaders from the insurance brokerage, policyholder’s insurance recovery bar and insurance carrier bar discussed hot topics in the D&O and PL space ranging from the implications of the #MeToo movement, to coverage for social engineering claims, to developing trends in international coverage arbitrations.
One take away from the presentation is that 2018 will see new risks and new twists on familiar risks that coverage attorneys have been litigating for decades. These new challenges will provide brokers opportunities to add value by exploring solutions to their customers’ coverage needs and will provide coverage attorneys and their clients with opportunities for creative problem solving and advocacy in dispute resolution.
In addition, many recent cases reported on in Goldberg Segalla’s Insurance and Reinsurance Report over the past year were highlighted by speakers at the conference as some of the most important decisions shaping coverage law across the U.S. The Insurance and Reinsurance Report will continue to provide its readers with timely analysis of court decisions, statutory and regulatory developments and other matters important to insurance companies in the U.S. and abroad. Stay tuned to this blog and our Twitter account in 2018. It promises to be an interesting year.