D&O liability insurance coverage should be top of mind as the recent rise in popularity of these special purpose acquisition companies (“SPACs”) exposes unique challenges and risks for SPAC executives and sponsors. Not only is SPAC litigation on the rise, but the unique risks SPACs face have translated into higher D&O insurance premiums for substantially less coverage.
Understanding current litigation trends and policy options with respect to insuring SPACs will be key in negotiating optimal D&O liability insurance.
In this webinar, Courtney Horrigan, Stephanie Gee, and Kya Coletta will discuss recent litigation developments and what to expect from SPAC litigation over the coming years. The panel will also provide guidance on how to minimize litigation risk, advise how to negotiate coverage, and also discuss alternative forms of coverage in the event companies are priced out of purchasing typical D&O coverage.
Reed Smith Partner Courtney Horrigan is a member of the Insurance Recovery Group and represents public and private corporations and non-profits in insurance coverage litigation and domestic and foreign arbitrations. She also counsel policyholders during renewals and placements of management liability insurance. She can be reached at chorrigan@reedsmith.com
Stephanie Gee is an associate in the Reed Smith Insurance Recovery Group. She represents policy holders in insurance coverage disputes on a wide array of policies, including directors and officers, general liability, property, professional liability and cyberliability policies. She can be reached at sgee@reedsmith.com.
Kya Coletta is an associate in the Reed Smith Insurance Recovery Group. She represents and advises corporate policyholders at various stages including risk management counseling, claims handling, and insurance coverage litigation. She can be reached at kcoletta@reedsmith.com.
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