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Kevin LaCroix

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Kevin M. LaCroix is an attorney and Executive Vice President, RT ProExec, a division of RT Specialty. RT ProExec is an insurance intermediary focused exclusively on management liability issues.

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Mount Pilatus above Lake Lucerne

In early January 2020, I will be publishing my annual survey of the Top Ten D&O Stories. For now, though, I know that most readers are not interested in reading about insurance or the law. So today instead of my usual fare, I am posting my favorite pictures that I took in the course of my 2019 travels. In addition, following the pictures below, I am extending an invitation to readers to send me their favorite travel pictures from this past year. As detailed below, I will publish a selection of readers’ picture submissions in future blog post(s).
Continue Reading Top Ten 2019 Travel Pictures — and an Invitation for Readers’ Pictures

Paul Ferrillo

As regular readers of this blog know, one of the many consequences that may follow for a company that experiences a cybersecurity incident is that it could get hit with a D&O claim. In the following guest post, Paul Ferrillo examine whether the increasing move toward cybersecurity-related D&O claims could in turn lead to an increase in prior Delaware Section 220 books and records inspection demands. Paul is a shareholder in the Greenberg Traurig law firm’s Cybersecurity, Privacy, and Crisis Management Practice. I would like to thank Paul for allowing me to publish his guest post as an article on this site. I welcome guest post submissions from responsible authors on topics of interest to this blog’s readers. Please contact me directly if you would like to submit a guest post. Here is Paul’s article.
Continue Reading Guest Post: Board Cyber Oversight Duties and Delaware Section 220 Demands

Francis Kean

Earlier this month I published a guest post in which John McCarrick and Paul Schiavone suggested various policy terms and conditions they proposed should be revisited as D&O insurers seek profitability. My comments on their proposals appeared as an appendix to John and Paul’s article. John and Paul’s article has provoked a series of responses. Last week, I published a second guest post in which Paul Ferrillo provided his thoughts in response to John and Paul’s article. And in yet another guest post, Gil Isidro provided his comments as well. Now, as set out below, Francis Kean adds his voice to the dialog. Francis is Executive Director FINEX Willis Towers Watson. I would like to thank Francis for allowing me to publish his comments. Here is Francis’s article.
Continue Reading Guest Post: D&O Insurance: A Crisis of Complexity

Neil J. Cohen

One of the hot topics in securities regulation and enforcement has been the question of what position the SEC will take with respect to cryptocurrencies. In the following guest post written in the form of a one-scene play, Neil J. Cohen, a lawyer and publisher of the Securities Reform Act Litigation Reporter, imagines a fictional conversation involving an SEC official discussing cryptocurrencies. I would like to thank Neil for submitting his play to be a guest post on this site – this is the first play that has appeared on this site! I welcome guest post submissions from responsible authors on topics of interest to this blog’s readers. Please contact me directly if you would like to submit a guest post. Here is Neil’s play.
Continue Reading Guest Post: Fictional SEC Official Discusses Crypto Off-the-Record  

Samantha Wu

In prior posts, I have noted the series of U.S. securities class action lawsuits that have been filed recently against publicly traded companies in the cannabis business, including several Canadian companies. In the following guest post, Samantha Wu of the Bersenas Jacobsen Chouest Thomson Blackburn law firm in Toronto provides an overview of the unique exposures that directors and officers of Canadian cannabis companies face. A version of this article previously was published on the law firm’s website (here). I would like to thank Sam for allowing me to publish her article as a guest post on this site. I welcome guest post submissions from responsible authors on topics of interest to this blog’s readers. Please contact me directly if you would like to submit a guest post. Here is Sam’s article.
Continue Reading Guest Post: Canadian Cannabis Companies’ Directors and Officers Face Unique Exposures

Liam Fitzpatrick

It is no secret that the current political environment is complicated – in the U.S., in the U.K., and around the world. The fraught political climate has important implications for companies and their directors and officers. In the following guest post, Liam Fitzpatrick takes a look at the repercussions for U.K. companies arising out of the present political circumstances there. Liam is Client Services Director at Mactavish. A version of this article  was published prior to the recent U.K. elections on the MacTavish website (here). I would like to thank Liam for allowing me to publish his article as a guest post on this site. I welcome guest post submissions from responsible authors on topics of interest to this blog’s readers. Please contact me directly if you would like to submit a guest post. Here is Liam’s article.
Continue Reading Guest Post: Keeping Your Company Safe in the Age of Populism

Gil Isidro

As many readers will recall, earlier this month I published a guest post in which John McCarrick and Paul Schiavone provided a list of policy terms and conditions they suggested should be revisited as D&O insurers seek to reposition themselves toward profitability. I included my own comments to John and Paul’s article as an appendix to their guest post. Last week, I published a second guest post in which Paul Ferrillo provided his thoughts in response to John and Paul’s article. In the following guest post, Gil Isidro  adds his comments to the dialog. Gil Isidro is Lead Coverage Counsel with Woodruff Sawyer.  Before joining Woodruff last summer, Gil was an attorney with AIG Financial Lines for 14 years, the last few of which were spent overseeing legal support of its management liability division. I would like to thank Gil for allowing me to publish his article as a guest post on this site. I welcome guest post submissions from responsible authors on topics of interest to this blog’s readers. Please contact me directly if you would like to submit a guest post. Here is Gil’s article.
Continue Reading Guest Post: You Say You Want a Revolution? Well, You Know… No

Under claims made insurance policies, policyholders must provide timely notice of claim to their insurers in order to trigger coverage. Late notice is among the most common reasons that insurers deny coverage for claims. In order to try to avoid a coverage denial for late notice, policyholders have tried to argue that late notice should not preclude coverage where the policyholder renewed the coverage and where successive policies with the same insurer are in place. In a recent decision, an Ohio appellate court, applying Ohio law, rejected a policyholder’s attempt to rely on this kind of continuity of coverage argument. The court’s decision raises some interesting issues, as discussed below.
Continue Reading Ohio Court Rejects Continuity of Coverage as Counter to Late Notice

Paul Ferrillo

In a recent guest post, industry veterans John McCarrick and Paul Schiavone outlined some policy terms and conditions they suggested D&O insurers may want to address as the insurers try to re-orient toward profitability. In the following guest post, Paul Ferrillo provides his response to John and Paul’s article. Paul is a shareholder in the Greenberg Traurig law firm’s Cybersecurity, Privacy, and Crisis Management Practice. I would like to thank Paul for allowing me to publish his guest post as an article on this site. I welcome guest post submissions from responsible authors on topics of interest to this blog’s readers. Please contact me directly if you would like to submit a guest post. Here is Paul’s article.

Continue Reading Guest Post: Scope of Coverage is Fine – Rate and Claim-Paying are the Keys