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25 Jan 2018 Avoid Insurance Related Risks to Help Your Bottom Line

  With the new year in full gear, your company likely has set revenue and growth goals for 2018. Unfortunately, just one uninsured or underinsured loss can often derail these efforts. Therefore, this is a great time for companies to review their insurance program and keep some of these best practices in mind:   First, check out Ken Gorenberg’s recent post that provides some great “New Year’s Resolutions for Policyholders.”   Consider reviewing your claims history over the last few years. Are there trends? Are there steps that might be available to your company to mitigate those particular risks? Moreover, how does your insurance program’s coverage limits align with those risks?   Does your company have procedures in place to determine when and how to…

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15 Apr 2015 Ken Gorenberg to speak at Chicago Bar Association seminar, “Insurance and Risk Management for Corporate Transactions”

Ken Gorenberg, from Barnes & Thornburg’s Policyholder Insurance Recovery Group, will be speaking at an upcoming Chicago Bar Association seminar, “Insurance and Risk Management for Corporate Transactions,” on Wednesday, May 27, 2015, 3 – 6 p.m. CDT.   The goal of the seminar is to provide in-house, corporate and litigation attorneys with a primer on the major insurance issues related to corporate transactions. Attendees can receive 2.75 hours of Illinois MCLE credit.   Ken will be presenting on “Analyzing Risk Transfer in Corporate Contracts,” and will be speaking about insurance, indemnity and limitation of liability clauses, all of which are used to allocate risk.   For more information, click here. Kenneth GorenbergKenneth M. Gorenberg is a partner in the Chicago office of Barnes & Thornburg…

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14 Apr 2015 Spring Cleaning Tip for Risk Departments: Dust Off Those Old Insurance Policies

During this time of year, spring cleaning fever sets in and even corporate risk departments can benefit from the exercise. If your company has historic predecessors there may be legacy insurance policies that can provide coverage for long-tail claims, especially in the environmental and asbestos context. Therefore, taking the time to do an annual review of what records exist can save your company time and money in the future when it is faced with potential claims. It is prudent for your risk department to review its files (both hard copy and electronic) for evidence of such historical coverage, including the policies themselves. Doing so will not only capture policy records for future claims when the information is still easily obtainable, but it can also prevent…

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26 Jun 2014 Insurance Coverage and Risk Mitigation for the In-House Practitioner

  On June 25, 2014, Charlie Edwards and Kara Cleary, from Barnes & Thornburg’s Policyholder Insurance Recovery Group, gave a presentation to in-house counsel and other corporate representatives regarding insurance coverage and risk management.     The CLE, called “Insurance Coverage and Risk Mitigation for the In-House Practitioner,”  addressed insurance issues and other risk transfer provisions that often get little attention in business transactions.  The topics addressed included the transferability of insurance rights in buy/sell transactions, tips for drafting contractual insurance requirements, as well as hot topics in Directors and Officers liability and recommendations to reduce risk to your company.     For those who missed the presentation, you can request the materials by emailing Charlie Edwards or Kara Cleary.        Charles EdwardsCharles P. Edwards is co-chair of…

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