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| Carol Zacharias Senior Vice President and Counsel ACE Professional Risk |
In this podcast, Carol Zacharias, Senior Vice President and Counsel, ACE Professional Risk, discusses her white paper, recently published in The John Liner Review: “Trends in Securities Class Action Litigation and Directors and Officers Liability Insurance,” and provides corporate risk managers with an informative overview of the trend toward unprecedented securities litigation settlements, the factors driving it, and the potential consequences to companies thus affected.
Download the Podcast here. ( 32.8 mb stereo MP3 file, 23:52 duration).“Securities class actions are the most common type of class actions; since 2002, they are also the most costly and time-consuming to resolve; cases proceeding with a concurrent Securities and Exchange Commission (SEC) investigation tend to settle for double the price of those without the SEC proceeding,” said Ms. Zacharias.
Staffed by a team of innovative underwriters, ACE Professional Risk is the operating unit within ACE USA, which distributes management liability, professional liability and surety products through retail brokers throughout the U.S. and Canada. For more information about ACE Professional Risk and its range of products and services, please visit: www.aceprofessionalrisk.com. The above is only a summary; please see actual policies for terms and conditions.
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ACE USA is the U.S.-based retail operating division of the ACE Group of Companies, headed by ACE Limited (NYSE: ACE), and is rated A+ (Superior) by A.M. Best Company and A+ (Strong) by Standard & Poor’s. ACE USA, through its underwriting companies, provides insurance products and services throughout the U.S. Additional information on ACE USA and its products and services can be found at www.ace-ina.com. The ACE Group of Companies provides insurance and reinsurance for a diverse group of clients around the world.
