Session I – Insurance Protection Gaps: Searching for solutions – Robert M. Horkovich

This session will explore the persistent issue of protection gaps in the insurance industry. Despite numerous proposals and efforts, these gaps remain a significant challenge. The session will cover the root causes, recent examples, and potential solutions, emphasizing the need for a multi-faceted approach involving regulators, insurers, and other stakeholders.

Key topics to be discussed:

• How to use other people’s insurance to cover your gaps: Maximizing your “additional insured’s “rights
• Is there really a gap? searching for and analyzing historic insurance policies
• Maximizing indemnification rights
• Specialized insurance products (ie cyber coverage, pollution liability coverage)
• Exploring “captive” insurance coverage

Session II – Insurance Agent and Broker Liability – Alexander I. Loy

Understanding the scope of liability for insurance agents and brokers is crucial for navigating the complex landscape of the insurance industry. This session will delve into the duty of care owed by agents and brokers to their clients, exploring the various causes of action that can arise from breaches of this duty. We will examine the types of recoverable damages available to plaintiffs and discuss ripeness issues that can affect the timing and viability of claims. Additionally, the session will provide best practices and tips for agents and brokers to minimize liability and enhance their professional conduct.

Key topics to be discussed:

• Duty of care
• Causes of action
• Recoverable damages
• Ripeness issues
• Best practices & tips