On Demand Audio

Breaking Down the Mystery of D&O Insurance: Key Features, Practical Tips, & New COVID-19 Implications

(217 reviews)

Produced on May 19, 2020

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$ 89 Insurance and Covid-19 In Stock
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Course Information

Time 1h 5m
Difficulty Intermediate
Topics covered in this course: Insurance Covid-19

Course Description

D&O insurance is widely held by almost every public corporation, as well as by many private and not-for-profit corporations. It is not well understood by lawyers and differs significantly from more familiar policies such as commercial general liability (CGL) insurance and property coverage. Despite being broadly written as a type of all-risk policy, it excludes the core coverage of a CGL policy – bodily injury, damage to tangible property, and sometimes personal injury torts.

This lecture, presented by Weber Gallagher's partner Joseph Monteleone, will focus on the key features of the D&O policy and practical suggestions as to working with the insurers in the defense and resolution of claims under the policy. Recent developments in important case law from New York, New Jersey, and other key jurisdictions will also be discussed, along with general updates in D&O insurance. Lastly, Mr. Monteleone will also discuss COVID-19 implications for D&O insurance.



Learning Objectives:

  1. Identify the basic insuring agreements under the policy
  2. Comprehend the absence of a duty to defend and defense costs included within limits of liability
  3. Grasp Side A-only forms and corporate indemnification issues
  4. Gain familiarity with the concept of Notice of Circumstances – need for specificity
  5. Examine bankruptcy implications
  6. Explore settlement issues
  7. Review recent developments in relevant case law
  8. Discuss key contested exclusions and other issues such as war and terrorism, bump-up, and coverage for appraisal actions
  9. Identify the developing implications arising from the COVID-19 pandemic 

Credit Information

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Faculty

Joe Monteleone

Weber Gallagher Simpson Stapleton Fires & Newby LLP

Joseph Monteleone has more than 30 years of experience in the insurance arena, both in the private practice of law and as an insurance company claims executive. 

A partner in Rivkin Radler’s Directors & Officers Liability and Insurance Coverage & Litigation Practice Groups, Joe represents insurers in coverage litigation, regulatory matters, and arbitrations. He also provides coverage advice and monitoring of underlying litigation in the areas of professional liability, errors and omissions (“E&O”), directors and officers (“D&O”), employment practices liability (“EPL”), and other claims-made insurance products. Joe drafts policy forms and endorsement language, and provides legal consulting services to D&O, E&O, and professional liability lines insurers. 

In addition, Joe provides expert witness testimony on issues of coverage and bad faith allegations. He also serves as arbitrator or mediator in disputes involving insurance and reinsurance coverage.  

Joe has been cited for excellence in Chambers USA America’s Leading Lawyers for Business. He also has been named a New York Super Lawyer by New York Super Lawyers – Metro magazine since 2006 in the areas of Insurance Coverage and Alternative Dispute Resolution. 

Before returning to the private practice of law in 2005, Joe served in claims executive positions for 20 years at insurance carriers, with wide-ranging responsibilities for D&O, E&O, professional liability, fidelity, healthcare, and other specialty lines. He started his insurance career in 1980 in the areas of toxic tort and environmental exposure claims. 

Joe has been an active member of the Professional Liability Underwriters Society (“PLUS”) since 1988 and served on its board of trustees from 1997 to 2003. He is a past chair of the PLUS education committee and co-chair of the curriculum committee. Joe also was a founder and co-chair of the PLUS D&O Symposium, the signature event in the area of D&O insurance. 

A member of the American Bar Association since 1980, Joe currently is a vice chair of the Professional, Officers and Directors Liability Committee of the ABA’s Tort Trial and Insurance Practice Section. He is a frequent author and speaker, having written more than 100 papers, books, chapters, and texts. He has made more than 200 presentations throughout the United States, Canada, Mexico, the United Kingdom, Ireland, The Netherlands, and Singapore. 

From 2010 through early 2014, Joe was the primary author of The D&O and E&O Monitor blog.



Reviews

MH
Martin H.

Instructor knowledgeable. Basic. Production qualities poor.

SA
Sandra A.

Presenter was very knowledgeable anade D&O fairly simple to understand.

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