Climate Change, Securities Regulation, and Business Insurance: A New Paradigm – A09


Real Property Track
Environmental Law Section

Session A: 9:00 a.m. – 10:30 a.m.

Amid shifting political winds, regulatory responses to climate change remain uncertain. But its practical consequences are increasingly asserting themselves as the public and private sectors anticipate and plan for sea level rise and extreme weather events. This program will focus on two areas in which objective facts concerning climate change are addressed in concrete analytical terms: for property and casualty insurers as they evaluate and underwrite risks, and for businesses as they identify, estimate and disclose potentially material financial contingencies. 
You will learn:

  • Insurance underwriting responses to climate change
  • Standards for recognition, estimation and accrual of environmental contingencies.
  • Securities disclosure regulation concerning climate change, and related litigation.

Moderator:
M. Anne Peters,
Carmody Torrance Sandak & Hennessey LLP, New Haven

Attorney Peters is a Partner at Carmody, Torrance, Sandak & Hennessey LLP, where she practices environmental law. Anne has assisted clients with environmental due diligence, risk evaluation, operational compliance, site remediation and Brownfield projects throughout Connecticut. Anne also counsels clients regarding environmental disclosures in business transactions and public offering statements.  Anne is the Vice Chair of the CBA Environmental Section and a member of the CBA Legislative Policy and Review Committee.  She has B.A. degree in biology from Wellesley College, a Masters of Environmental Studies from The Yale School of Forestry and Environmental Studies and a JD degree from Boston College Law School where she was an editor of the Boston College Environmental Affairs Law Review. 

 

 

 

 

Speakers:
John A. Beckman, Chief Underwriting Officer, QBE North America

Attorney Beckman is the Chief Underwriting Officer for QBE North America.  In that role, John is responsible for promoting underwriting excellence across all of QBE’s North American operations including underwriting guidelines, product development, and risk appetite for the North American operations at QBE.

John has more than 25 years of insurance experience including both underwriting and actuarial roles.  During his career John has been a Chief Underwriting Officer, Chief Actuary, Chief Risk Officer, and Chief Transformation officer for multi-billion dollar insurance operations.  In all of these roles John has either led or participated in the emerging risk function for his organizations including identification, quantification, and decision making regarding emerging risks such as climate change, nano-technology and others.He is a Fellow of the Casualty Actuarial Society and a graduate of the University of Wisconsin.

 

 

Christopher P. McCormack, Pullman & Comley LLC, Bridgeport 

Attorney McCormack is a member of Pullman & Comley LLC, practicing environmental law, environmental litigation, and complex commercial litigation.

Chris’s transactional practice involves environmental assessment, remediation, regulatory compliance, brownfield projects, environmental insurance and Transfer Act issues. He has extensive experience in complex litigation including environmental cost recovery and insurance coverage disputes, multi-party remediation liability cases and lead counsel responsibility for Superfund site coalitions. He has advised publicly traded clients on the accounting and disclosure treatment of environmental contingencies.

Chris is chair and legislative liaison of the CBA Environmental Section. He is a member and former Membership Secretary of ASTM Committee E50 on Environmental Assessment and Risk Management, and chairs the E50 Task Group for ASTM Standard E1903-11 on Phase II Environmental Site Assessments. He is a graduate of Yale University and Fordham University School of Law.

CLE Credit: 1.5 Hours (AOP)