MODERATOR
:
PANELIST
(S):
Bill Barbagallo, Managing Director-Insurance and Claims, Navigant Consulting
Francois Morin, Consulting Actuary, Towers Perrin
Jennifer Salyer, Vice President & Counsel-Claims, Endurance Specialty Insurance Ltd.
Description
2007 and 2008 saw significant exposures due to what were initially the result of deficiencies in sub-prime lending, but expanded and ballooned into the overall credit crisis. As this crisis has had extreme effects on the global economy and many long-standing institutions, remembering the potential impact to the insurance and reinsurance business is highly important. As these claims may take several years to unfold, companies writing professional liability line of business are exposed to potential liabilities. The panel will discuss coverage implications, loss estimation processes, and market effects from the crisis.