In the era of the subprime mortgage crisis, directors and officers are acutely aware of the potential for liability and the importance that directorsÆ and officersÆ liability insurance afford sufficient coverage to provide for a defense and indemnity for any settlement or judgment. This teleconference will provide you with insight into common issues and trends that arise during a claim for D&O liability insurance coverage. It will open with a discussion of the landscape of directorsÆ and officersÆ liability, including the common allegations and recent claims trends brought in the wake of the subprime mortgage crisis. The teleconference will also address how D&O insurance operates, including a discussion of the coverage sides, coverage add-ons, covered and noncovered conduct, and treatment of defense costs. It will conclude with a discussion of the current issues and trends in the D&O liability environment and issues that may arise in the negotiation and renewal of D&O liability policies. This teleconference is geared toward a wide range of corporate professionals involved with negotiating and placing D&O liability insurance policies, assessing the potential liability of directors and officers, and the insurance coverage issues that commonly arise due to claims under D&O liability insurance policies.

Faculty: Kevin B. Dreher, Morgan, Lewis & Bockius LLP John D. Shugrue, Reed Smith LLP