AUGUST 7, 2011 (New York). Joseph Monteleone is quoted in an August 7, 2011, article by Business Insurance writer Matt Dunning discussing the critical need for mid-market companies to stay abreast of developments and new offerings in the D&O market.
Mr. Dunning writes that, for mid-market companies, directors and officers liability insurance is only part of the solution to addressing the rising number of investigations and punitive actions by federal and state regulators. He summarizes Mr. Monteleone as saying, "since most complaints against a private mid-market company that would trigger a regulatory action are generated by employees, customers and competitors, another way for companies to reduce their risk of landing in a regulator's crosshairs is to increase their awareness of their internal and external interactions."
Mr. Monteleone, who blogs on D&O issues (see The D&O E&O Monitor), is quoted as saying, “Sensitivity to the type of conduct that could lead to an agency investigation could certainly help protect a company from the scrutiny of a regulator.”
The entire article can be found at http://www.businessinsurance.com/article/20110807/NEWS05/308079992
Joseph Monteleone has more than 25 years of experience in the insurance arena, both in the private practice of law and as an insurance company claims executive. He represents various insurers in coverage litigation, regulatory matters and arbitrations, as well as provides coverage advice and monitoring of underlying litigation in the areas of D&O, professional liability and other specialty lines insurance products. He drafts policy forms and endorsement language, as well as provides legal consulting services, to a variety of specialty lines insurers. In addition, he provides expert witness testimony on issues of coverage and bad faith allegations and serves as arbitrator or mediator in a variety of disputes involving insurance and reinsurance coverage.