Page 10 - 24th Annual Summit Program Book

PRESENT A TIONS

Mitigating the Impact: Nuclear Verdicts, Social Inflation,
and Litigation Financing

Monday, October 21 | 2:00 PM | Trailblazers Ballroom

In today’s evolving legal environment, insurance carriers, the financial impact of large verdicts and shifting
reinsurers, and program administrators face significant societal influences.
threats from nuclear verdicts, social inflation, and • Legal Partnerships: Discover the benefits of
litigation financing. This session aims to equip attendees fostering strong relationships with legal experts
with strategies to effectively address these challenges to build robust defenses and navigate complex
and safeguard their operations. Nuclear verdicts, litigation landscapes effectively.
characterized by exceptionally large jury awards, and • Claims Management: Gain insights into
social inflation, driven by societal factors influencing implementing rigorous claims management
jury decisions, are exacerbated by litigation financing, protocols to address emerging issues swiftly
which enables plaintiffs to pursue costly legal battles. and efficiently.
Proactive strategies to combat these trends include: Attendees will hear from industry experts on practical
• Advanced Analytics: Learn how to leverage approaches to these mitigation strategies, ensuring
data analytics for more accurate risk prediction they are well-prepared to handle the evolving litigation
and strategic underwriting, helping to mitigate dynamics and maintain resilient operations.

Moderator:
Brian Cohen, Arden Insurance Services, LLC
Brian Cohen is the co-founder, Chairman & CEO of Arden Insurance Services, a
specialty MGA that focuses on Community Associations. He also is an operating
partner with Altamont Capital Partners, a private equity firm based in Palo Alto,
California. Previously Brian served as the President & CEO of Pacific Specialty
Insurance Company and its affiliated companies. He also served as President and
CEO of Clear Technology, and in several senior executive roles at Farmers Insurance
Group including as its Chief Marketing Officer and a member of the Office of
the President. Prior to joining Farmers, Brian played a leading role in building a
diversified retail and financial services company that catered to the Latino market.
Brian started his career as a C.P.A. and then practiced corporate law. He earned his
business degree from the University of California, Berkeley and his law degree from
the University of Southern California.

Panelists:
Mia Finsness, Markel
Mia Finsness is Global Executive Underwriting Officer, Casualty at Markel. In
her current role, she is responsible for enterprise risk management and strategy
for all Casualty underwriting platforms across Markel. Mia previously served as
Head of Casualty Claims, where she managed 150 specialists handling complex and
non-complex commercial liability insurance claims on over $3 billion in business.
Prior to Markel, Mia practiced law in New York. She holds law degrees from
Columbia University and Oxford.

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