Search results for: “Vendor Management”

  • Compliance Q&A: Fiduciary Duties in Vendor Selection and Management

    Question My company hired a vendor to outsource the utilization management and appeals processes for our health plan. I have heard that we, as the plan sponsor, have a fiduciary duty to monitor the vendor’s activities. What does that mean, and, if this is really required, how can we comply? Summary The 1974 Employee Retirement…

  • Health Management Services

    Health Management Services Turn Your Health Plan Data into Actionable Insights Our team of clinicians and wellness consultants proactively translate complex medical and Rx claims, health risks, and participation data into actionable insights and well-being strategies that support your top claimants and workforce health challenges throughout the continuum of illness to health. Helping our clients…

  • Managing Third-Party Transportation Risks in Senior Living Organizations

    The Transportation Landscape Senior living operators outsource transportation to reduce capital investment, transfer liability, support ADA compliance, access specialized training, maintain regulatory flexibility, and scale services with census demand. Vendor Types Non-Emergency Medical Transportation (NEMT) Rideshare Platforms (Uber Health, Lyft Healthcare) Taxi/Car Services: Traditional providers Charter/Bus Services: Group transportation Regulatory Environment Transportation operates at the…

  • AI and Executive Risk: Why Coverage Language Matters Now

    The question is not whether AI creates new risks – it does – but whether current policy language was designed to respond. In most cases, that answer is still unclear. That is not necessarily a bad thing for policyholders. Standard executive risk insurance policies, including Tech E&O, Cyber, Professional Liability, D&O and EPL, are not…

  • Putting Your Best Risk Forward: Strong Submissions for Real Estate Accounts Lead to Better Outcomes

    As an insurance marketing account executive for McGriff Specialty, my role includes presenting my clients’ accounts in the best possible light to our insurance company partners. How I submit each account directly affects the coverage options and terms we receive. Accounts presented favorably tend to generate more interest from a larger pool of insurers, which…

  • Plaintiff Attorneys AI Claim Severity

    This article explores how plaintiff attorneys use AI to drive claim severity—maximizing the value of claims through data-driven insights and advanced analytics. It further examines the legal and ethical challenges posed by AI use, the countermeasures employed by defense counsel, and offers recommendations for policymakers to ensure fairness and transparency in litigation. Literature and Market…

  • Client Advisory: D&O Considerations for New SEC Cybersecurity Rules for Public Companies

    What Do the SEC Rules Require? Registrants must describe their processes for assessing, identifying, and managing material risks from cybersecurity threats in sufficient detail for a reasonable investor to understand. Any third-party service providers that have been incorporated into a company’s risk management processes must also be disclosed. Registrants must describe the board of directors’…

  • Guestroom Privacy and Key Control: From Policy Statement to Operational Imperative

    When it comes to liability in hotels, few issues rival the reputational damage and monetary losses stemming from failures in guestroom security and privacy protection. The infamous Erin Andrews v. Marriott case—resulting in a $55 million jury award to the Fox Sports reporter—remains a stark reminder of how critical these protections are.1 Such privacy violations…

  • Client Advisory: Cyber Insurance Considerations for New SEC Cybersecurity Rules for Public Companies

    In this client alert, we summarize the new cybersecurity disclosure requirements in the final rules and suggest ways to prepare for compliance with the new requirements from an insurance perspective. While companies will need to review their D&O, cyber, and crime bond insurance policies, this client alert will focus on cyber insurance considerations.   On…

  • Client Advisory: A Tale of Two Cyberattacks: MGM and Caesars

    The Importance of a Business Impact Analysis as Part of Your Incident Response and Business Continuity Plans Cyberattacks continue to dominate headlines. The recent ransomware attacks at MGM Resorts International and Caesars Entertainment, Inc. are just two recent examples of the ongoing challenges businesses face in defending against motivated and resourceful threat actors. Both companies…