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A.M. BestTV at RIMS: It's Not Having a Policy That Matters, Rather It's How You Respond, Says Employment Liability PanelIn this A.M.BestTV episode at the Risk and Insurance Management Society, Inc.'s (RIMS) conference in San Antonio, TX, experts on employment practices liability (EPL) said the spate of high-profile sexual harassment allegations is driving interest among organizations seeking to protect themselves against claims, which have been rising in severity. Click on http://www.ambest.com/v.asp?v=rims7418 to view the entire program. The panelists addressed the impact recent events have had on the EPL sector. "I think the markets are very concerned, as they should be," said Tom Hams, managing director, national employment practices liability leader, Aon Risk Solutions. "They are seeing more severity even if they are not seeing the frequency yet. I think it has not risen to the level of reaching the companies yet, but those claims that were already in the door for sexual harassment are doubling in value." "We are all EPL-focused; however, this is no longer an EPL issue, if it ever was. It is a management liability issue. It should be of concern to boards of directors and C-suite executives," said Kelly Thoerig, U.S. employment practices liability coverage leader, Marsh. Carol Zacharias, underwriting counsel, QBE Insurance, believes the way a company response to allegations is critical, since, "An EPL claim for sexual harassment under a policy involving a perpetrator can be transformed into a much broader claim of mismanagement if it is not handled appropriately." For full video coverage of RIMS, including exclusive executive interviews, visit http://www.ambst.tv/rims18. Panel discussions from the RIMS conference include:
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