Medical: Is it BI or BI?

Lynn Sessions will moderate a panel at the 2017 PLUS conference called “Medical: Is it BI or BI?,” which will discuss which policies should respond when multiple lines of insurance are affected at the same time.

Sessions is both an RN and a lawyer who focuses her practice specifically on healthcare law. She previously worked for Texas Children’s Hospital in a variety of different areas, and is now a partner at Baker & Hostetler LLP, and concentrates on healthcare privacy.

The panel will focus specifically on ransom-ware attacks on medical facilities, and how they could potentially cause both business interruption and bodily injury claims. The panel will consist of lawyers and insurance professionals who will discuss cyber liability insurance policies, and whether business interruption and bodily injury would be covered under them, and how to respond if they aren’t covered.

“These are a little bit different, and more novel issues than what we’ve seen on the cyber liability front up until now,” Sessions said. In the past, Sessions said, the main concern with cyber attacks in medical facilities was information breaches, but as cyber attacks have evolved to targeting medical devices, the concern has become patients not being able to receive the care they need, which is where the bodily injury issues come into play.

Sessions believes that a cyber attack on a medical facility is one of the most misunderstood risks for both insurance companies and medical facilities, and because it is misunderstood, becomes a big risk.

Sessions hopes that the panel opens the audience’s eyes to risks that they may not have thought about before, and prompts underwriters and insurers to revisit their cyber liability policies to make sure business interruption and bodily injury is covered. She said that underwriters and brokers would benefit the most from attending the panel, because they’ll hopefully become aware of gaps in cyber liability policies and will start to think about how to create products that meet the needs of healthcare organizations.

“I think as we’re looking at what the emerging risks are in healthcare with a cyber event, that this is something that I think underwriters, and brokers, and frankly insurers are going to have to start thinking about, because the policies- at least in the past- have not been, would not perfectly match up to be able to cover these types of events,” Sessions said.

As insurers begin to consider the risks to healthcare organizations in the event of a cyber attack, Sessions hopes the panel will give them more information about the type of coverage that is needed.

“Hopefully a light bulb will go off that this is a needed response to healthcare organizations with an emerging risk that frankly, all of them are in the process of considering or they’ve actually already faced it,” Sessions said.

Don’t miss this fascinating and informative panel. Register now for the 2017 PLUS Conference, taking place November 1-3 in Atlanta, GA.

BI or BI Sessions image

Diversity & Inclusion Institute conference to feature Second City

A branch of the comedy empire that helped shape American theater for nearly 50 years will use the power of improv to demonstrate the benefits of greater workplace diversity and inclusion during the commercial insurance industry’s Diversity & Inclusion Institute Conference in Chicago this September.

Second City Works, the B2B side of The Second City, the world’s leading comedy theater and school of improvisation, will showcase its groundbreaking Diversity & Inclusion programming at an interactive workshop featuring comedic scenes to educate and inform about diversity, and bring to life the practice of improv to build skills for more inclusive teams.

The Second City Works performance on Wednesday, Sept. 28, is being held in conjunction with Lloyd’s of London’s Dive In–the Festival for Diversity and Inclusion in Insurance, and will be free and open to commercial insurance industry employees throughout the Chicago area.

The paid portion of the two-day conference, which continues on Thursday, Sept. 29, will feature Howard Ross, founder and chief learning officer of Cook Ross Inc., on “Managing in a Time of Fear.” Mr. Ross, an internationally known diversity training expert and author, will help insurance industry executives develop a clear sense of how events of the past few years—including the recent police shootings, homophobia and concerns about immigration–are influencing their employees. They also will learn about the science behind fear so that they can adopt effective intervention strategies.

Eric Alva, the first American soldier wounded during Operation Iraqi Freedom, will address his battle to overcome his injuries and the difficulties he encountered after leaving the military and coming out as gay. From learning to walk with a prosthetic, to his desire to continue his education and obtain his degree, Mr. Alva inspires audiences to persevere by demonstrating how he conquered such obstacles.

Also during the conference, a panel of insurance industry CEOs will discuss the business case for greater diversity and inclusion, publicly pledging to support efforts to foster greater diversity both within their organizations and throughout the industry.

Other sessions will include:

  • D+I considerations in client engagement
  • Insurance regulator focus on driving diversity in the industry
  • Demonstrations of technology designed to facilitate diversity and inclusion.
  • The impact of “covering” at work on employee productivity
  • The latest D&I research conducted by the Institute and in conjunction with the Families & Work Institute
  • Executive Insights – short, inspirational speeches by industry leaders from Ryan Specialty Group, The Hartford, Willis Towers Watson and Zurich

To review the complete agenda and to register for the Absolute Inclusion Conference, visit http://conferences.businessinsurance.com/conference/diversity-inclusion-institute/2016/agenda.

The Absolute Inclusion Leadership Conference is the inaugural event of Business Insurance’s Diversity & Inclusion Institute, which was launched last December to promote and advance diversity and inclusion throughout the commercial insurance industry. For more information about the Institute, visit www.diversityinclusioninstitute.com.

BI’s 2014 40 Under 40 Broker Awards

Business Insurance is hosting its “40 under 40 Broker Awards” on October 16, 2014 in New York. This year’s program includes a panel discussion on “Culture Shock: How the Insurance Industry Needs to Evolve to Attract and Retain Talent,” featuring Future PLUS member Teresa Cazares of Beecher Carlson!

Check out the flyer for the event via the link below.

40 under 40 2014