Wildfires are a key concern for power and utility companies. Fires have been increasing in both intensity and in the damage they cause. The potential for D&O litigation following wildfire events has become a top concern for underwriters, risk managers and boards. Wildfires have severe financial, operational, regulatory and reputational implications, all of which that can potentially lead to D&O litigation, specifically event driven litigation.
In this episode of Powered by Marsh FINPRO, host Grace Brighter, AVP FINPRO Placement at Marsh, speaks with Peter Stokes, Partner – Norton Rose Fulbright, about the nuances of event-driven litigation, the specific challenges posed by wildfires, and the types of disclosures most commonly under scrutiny. Additionally, they discuss the strategies companies can employ to mitigate their risks.
Episode 2 Full Transcript
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