The New Administration and D&O Risks (a Podcast Series): Early Thoughts

Wondering how the changes in Washington may shape D&O risk landscape?  Our expert panelists (Kevin LaCroix of RT ProExec, Rob Yellen of Willis Towers Watson and John Fielding of Chubb—a Washington insider—this panel’s ringer!) share their thoughts and insights into how the early days of the new Biden administration and a new balance of power in Washington could impact D&O exposures and loss.  For this first of our three-part series, we looked at early day developments—appointments or prospective appointments, early priorities and executive action, the climate and potential for rulemaking and legislative initiatives. For anyone tracking D&O risk trends in 2021, this is a can’t miss podcast.

Please note:  Our next session is planned for 100 or so days in.

John Fielding, Senior Vice President and General Counsel, Global Government and Industry Affairs, for Chubb

John Fielding is Senior Vice President and General Counsel, Global Government and Industry Affairs, for Chubb.  John provides legal, regulatory and policy guidance and advice in connection with state, federal and international legislative and regulatory matters, representing the company in a wide range of regulatory and industry settings.

 Prior to joining Chubb, John served as General Counsel for the Council of Insurance Agents & Brokers (CIAB).  He was also Of Counsel with law firm Steptoe & Johnson, where, for over a decade, he represented CIAB, as well as other insurance trade associations, carriers and producers before Congress, the National Association of Insurance Commissioners (NAIC), the National Council of Insurance Legislators (NCOIL), and state insurance regulators with respect to policy and regulatory matters. John served on the Board of Directors of the National Insurance Producer Registry (NIPR) for many years, including four years as Vice President of the board.  Prior to his tenure with Steptoe, he was Senior Counsel for Financial Services at the NAIC.

Rob Yellen, Executive Vice President, D&O and Fiduciary Liability Product Leader, FINEX at Willis Towers Watson

With over 28 years of Financial Lines industry experience, Rob Yellen is a respected leader in the management and professional liability space. He currently works with Willis Towers Watson, FINEX NA brokers and claims advocates to identify and track developments in risk, coverage and markets, and with our business partners to develop innovative, best-in-class strategies and solutions. Rob joined Willis Towers Watson in 2015 from AIG where, during his 14-year tenure, he served in several key leadership roles–including Chief Underwriting Officer, Financial Lines, U.S. and Canada and, most recently, Head of Product Development for Financial Lines–globally and for the Americas Region.

Kevin LaCroix, Executive Vice President at RT ProExec

Kevin LaCroix is an Executive Vice President at RT ProExec, Beachwood, Ohio, a division of R-T Specialty, LLC. RT ProExec is an insurance intermediary focused exclusively on management liability issues. Kevin is also the author of the Internet weblog, The D&O Diary, which the New York Times called “influential” and the Wall Street Journal described as “widely followed.” Kevin has been involved in directors’ and officers’ liability insurance issues for more than 35 years.