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Emerging risks, including increases in class actions, ethical and harassment-related complaints, are complicating management liability, making it more difficult to protect directors and officers. Gallagher’s Management Liability and Claims Advocacy teams help you identify potential areas of exposure, minimize your risk level and avoid future challenges.
Key Benefits of Gallagher’s Management Liability Team:
- Leverage unparalleled industry experience to design and negotiate your executive liability program to protect your management.
- Shed light on potential exposures by working with our Claims Advocacy team, safeguarding both company and personal assets from litigation.
- Simplify the process of building D&O solutions appropriate to your unique risk by utilizing Gallagher’s market leverage and personal broker relationships with top carriers.
† According to Cornerstone Research’s 2018 annual analysis of Federal Securities Class Action filings, and confirmed by an October 2018 report from the U.S. Chamber Institute for Legal Reform, the FSCA litigation rate in 2017 was 8.4%; the Chamber report conjectured that this rate would remain above 8 percent in 2018 based on H1 filing volume and the number of entities traded on major U.S. exchanges at the beginning of the year.
*According to Cornerstone Research’s 2018 Midyear Assessment of Federal Securities Class Action (FSCA) filings, the average annual number of filings for the 1997-2017 period = 203; annual FSCA filing totals for 2015, 2016 and 2017 = 207, 271, 412, respectively. According to the Securities Class Action Clearinghouse database, the annual number of FSCA filings as of 12/28/2018 = 396.