It is nearly five years since the winter storms caused blackouts across Texas, when over four million customers lost power as the ERCOT power grid nearly failed. And while the Texas grid weathered the most recent winter storm, what’s clear is that demand and weather conditions continue to put immense…
Articles Posted in Risk Management
Harvard’s Broker Fight Shows Active Risk Management Is Key
This summer, the courts dealt Harvard University a brutal one-two punch. First, in June, the U.S. Supreme Court ruled against Harvard in the Students for Fair Admissions lawsuit—bringing nearly a decade of expensive litigation to a close by gutting affirmative action practices in student admissions. Then, less than two months later, Harvard lost a…
What Should a Policyholder Do to Transfer Risk of Loss for Sexual Abuse Claims?
Sexual abuse litigation is increasingly common, and an unfortunate wave of new lawsuits is coming. In her recent alert, Pillsbury’s Joan Cotkin reviews how the insurance industry has responded to these risks with new liability insurance products designed to address such claims, what coverage defenses insurers are likely to assert,…
Strong Collaboration Between Legal and Risk Management Departments Is Key to Maximizing the Value of Your Company’s Insurance
As outside coverage counsel for corporate policyholders, we see firsthand how corporate risk management and legal departments interact and work together—or don’t. Some risk management and legal departments are in sync. They tackle intersecting insurance and legal issues through a unified front, to the company’s benefit. But others seem to…