Alliant Insurance Services

David Finz, speaks to the recent court case where Merck won an appeal in the Superior Court of New Jersey regarding a property insurance claim they filed after being impacted by the NotPetya attack. The court found that the exclusion for hostile warlike actions did not apply to the situation and was not written in a way that would be triggered in the absence of a physical or military attack.

Ron Borys and Ryan Farnsworth are joined by Tim McAndrew, Alliant Financial Institutions, as they review the last six weeks since the second-largest bank failure in U.S. history. The team examines the implications for private equity and venture capital firms including the challenges of transitioning to new banking relationships, the impact on D&O and how private equity firms are navigating the risks of a changing landscape.

Another Sneak Peek of What’s on Deck for Cyber at RISKWORLD 2023! by Alliant Insurance Services

Get a sneak peek of this can't-miss session during the RISKWORLD 2023 Cyber and Technology Risk Track, sponsored by Alliant. Join us, Monday, May 1st at 1:30PM ET, as Meghan O’Malley and Adam Rauf, Alliant Cyber, lead discussions on "Navigating a Path to Optimized Cyber Risk Management" and explore how to bridge the gap between cybersecurity and cyber insurability.

David Finz is joined by Stephen Vina, Executive Office of the President, to discuss the White House's National Cybersecurity Strategy released on March 2, 2023. Together, they discuss the recently established Office of the National Cyber Director, exploring its mission and core principles. They also outline the key components of the new cybersecurity strategy and how it will change cybersecurity regulations moving forward.

Karen Caterino is joined by guest, Melissa Thomson, City of Phoenix, on her insights on Enterprise Risk Management (ERM). Melissa shares her journey into risk management and how she used ERM to make her organization more successful, as well as her involvement with the Association of Federal Enterprise Risk Management (AFERM). She also discusses her upcoming plans to build a local outreach committee for AFERM and start an ERM book club, along with advice for students and young professionals looking to break into the world of insurance.

Ron Borys and Ryan Farnsworth are joined by CJ Dietzman and John Loftus, Alliant Cyber, to review key takeaways from the recent ABA Conference. The team discusses client issues related to cyber risk management and the need for a broader approach that includes security controls and cyber insurance. Many clients have invested heavily in cybersecurity and control and are ready for "cyber insurability 2.0."

Karen Caterino interviews Betty Coulter, Chief Risk Officer for the City of Charlotte. Betty shares her career journey, how she got into risk management and why she chose to work in the public sector. She discusses the skills necessary to succeed in the field, her typical day as a Chief Risk Officer and how her law degree will fit into her role.

David Finz and Steve Shappell, Alliant, provide insights into two recent court cases highlighted in the March edition of the Executive Liability Newsletter. The two take a look at the Delaware Chancery Court ruling in a D&O case, extending the standard of care to officers, creating a higher burden for them in terms of conduct, as well as an Illinois Supreme Court case featuring BIPA litigation, ruling a five-year statute of limitation period applies to actions brought under BIPA and that each act, prior to consent, applies as a separate action.

Ron Borys and Ryan Farnsworth are joined by Financial R&R regulars, Steve Shappell and David Finz, to discuss the latest news and fallout in the banking industry from the Silicon Valley Bank collapse. The team reviews concerns regarding the lack of confidence in the industry, the potential for litigation against bank executives, and the need for reassurance and diversification in the banking industry to help rebuild confidence. In addition, David also warns organizations about possible phishing and other cyber threats that can arise during this time of industry distress.